Oak Forest Houston Home Values: View Oak Forest Real Estate Trends

Houston’s Association of Realtors’ (HAR) 10-year report shows that Oak Forest is one of Houston’s strongest neighborhoods in terms of appreciation and home sales.

Continuous development and strict deed restrictions helped Oak Forest to have one of the best real estate appreciation rates in Houston. Oak Forest Houston home values have appreciated by 16% in just one year, with the total number of homes sold jumping by 31% last year.

The Oak Forest Real Estate Appreciation Report below outlines Oak Forest’s home sales the last 10 years. Showing figures from 2003 to 2012, the report gives us 5 interesting trends for Oak Forest real estate.

Oak Forest Resources

Oak Forest Real Estate Appreciation Trends

5 Interesting Trends In Oak Forest Real Estate

1. Oak Forest homes bought in 2003 have nearly doubled in value in just 10 years

With a 79% increase in average price per square feet between 2003 and 2012, Oak Forest homes bought 10 years ago have nearly doubled in value. A home worth $119,973 in 2003 jumped to over $217,000 in 2012.

2. Oak Forest homes median sales price jumped by over a quarter in just 5 years

Oak Forest homes’ median sales price surged by 28% from 2008 to 2012. In dollar volume, this is equivalent to an increase of roughly $50,000.

3. Number of Oak Forest homes sold jumped by 31% last year

With 338 homes sold last year, Oak Forest total home sales netted a 31% increase from the 259 homes sold in 2011.

4. Oak Forest homes’ average price per square feet consistently rose year-over-year since 2003

From $90 in 2003, Oak Forest homes’ average price per square feet rose to $161 last year. Last year, ave. price/square feet jumped by 15% – from $139 to $161.

5. Trends project a strong year for Oak Forest real estate

Forbes data show that roughly 50,000 people moved to Houston last year, with close to 4,000 more relocating each month this year. Home inventory are at its 12 year-low of 3.3 months. However, 28,000 new homes are set to begin construction by the end of the year. The 10-year report (specially last year’s 31% surge in home sales) support the optimism for a strong 2013.

 

Oak Forest Houston Home Values Provider – Paige Martin

Paige Martin - Oak Forest Houston RealtorAs featured on Fox News in the Morning, the Houston Business Journal, Houston Chronicle, and Houston Magazine, Paige Martin – a consistent Top Producing Broker-Associate and head of the Houston Properties Team – is ranked amongst the very top Keller Williams agents in the Houston area.

Paige was named the #1 Ranked Individual Agent in the Keller Williams Memorial Office for 2013, 2012 and 2011. She has been a consistent top producing agent, winning awards every year since 2007.

Paige works with a tremendous number of buyers and sellers in Oak Forest, earning praises such “Paige Martin is the best Oak Forest realtor” along the way. You can check more client feedback about Paige as well as her list of awards and client ratings here: Client Testimonials.

For a specific recommendation of neighborhoods, homes or properties based upon your personal style, goals & price point, please contact Paige Martin, head of the Houston Properties Team & Broker Associate at [email protected] or 713-384-5177.

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- Gretchen & Brad Richter- Gretchen & Brad Richter
“We relocated to Texas from out of state 3 years ago, and Paige’s intimate knowledge of Houston neighborhoods, valuations, trends, and pitfalls was simply unmatched. We would never have been able to find our perfect home without her. She was calm and focused when everything seemed most challenging — a true professional and advocate who has become a dear friend. We are grateful to have met her!

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- Peter McGillivray & Jillian Jopling- Peter McGillivray & Jillian Jopling
“Paige demonstrated all qualities you want in a realtor – knowledgeable, attentive, responsive, patient. She put us into our first dream home, and due to that experience, we’ve returned to her time and again for our other real estate needs. You will quickly realize after working with Paige that while she focuses on completing your deal, her endgame is to ensure her clients’ needs are preserved and satisfied.

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- Gail & Ian Mackey- Gail & Ian Mackey
“As first time buyers in the US, we are delighted to have worked with Paige. She is a delight to work with, and I would recommend anyone to enlist her help if you’re looking to either buy or sell a property.

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- Dr. Jen Shroff- Dr. Jen Shroff
“Paige is simply the best. She was patient with us throughout the process and took time to answer all of our questions! She knows so much about the housing market so we felt very confident that we were in great hands!

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- Travis LeConey- Travis LeConey
“Paige has helped my wife and I twice now. I couldn’t think of a better person to have in your corner when buying or selling! She guided us through the process, and made it seem so easy that selling/buying was fun! Paige is a great person, very responsive, and great at what she does. I recommend Paige to all my friends and co-workers. If you are buying or selling in the area Paige covers, give her a call. You won’t regret it!

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- Xavier Refunjol- Xavier Refunjol
“Paige is dedicated, thorough and caring to where you feel you’re their only client. Their best asset is their honesty, based on experience and data. We had a great time buying our first home largely because of them. We would not hesitate to recommend them to anyone.

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- Taylor Lamb- Taylor Lamb
“Paige was wonderful to work with. She was thorough, knowledgeable and patient. I would highly recommend Paige to anyone looking to buy or sell a home.”

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- Jeremy & Lynn Greene- Jeremy & Lynn Greene
“Paige Martin is the best Realtor. She is highly experienced and very knowledgeable. She made our buying experience an enjoyable one, not only for us, but for our daughter, son-in-law and several of our friends. We have bought and sold many houses, and Paige has been the best realtor we have ever worked with. We highly recommend her.

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- Dr. Forrest Roth, MD- Dr. Forrest Roth, MD
“Paige is the best of the best when it comes to real estate! She has bought & sold many properties for us & we couldn't recommend her more highly!

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- Tina Spiller, Chevron- Tina Spiller, Chevron
“I really enjoyed working with Paige on the sale of my townhome. The HAR listing was perfect and went up quickly and the sale was closed within 30 days. I definitely recommend Paige for any real estate transaction.

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