Southampton Houston Real Estate Trends
Southampton Place Houston is an affluent enclave known for its oak-lined streets and luxury homes for sale. One of the 14 Hottest Inner Loop Neighborhoods in Real Estate, Southampton is also the 2nd most expensive neighborhood in Houston.
Southampton homes’ land value have almost doubled in value the last 10 years. Properties in the area also had a 5% real estate appreciation last year.
The neighborhood is within the Houston zip code 77005, one of the wealthiest zip codes in the city. Southampton homes for sale typically sell within 6 weeks on the market.
Homebuyers benefit from the help of the best Southampton Houston realtor who knows how to navigate the neighborhood, its deed restrictions, and non-MLS inventory.
For questions, advice, Southmapton real estate recommendations, or off-market MLS listings, contact Paige Martin, head of the Houston Properties Team (and one of the top ranked Realtors in the city).
Southampton Houston Resources:
- Southampton Houston Neighborhood Guide
- All Southampton Homes For Sale
- Most Expensive Southampton Homes For Sale
For an updated Southampton real estate pricing or trend analysis, please contact Paige Martin at Paige@HoustonProperties.com.
5 Key Southampton Houston Real Estate Market Trends
1. Southampton homes’ land value have almost doubled in value.
Land value per square foot of Southampton homes have appreciated from $48 per square foot in 2004 to $93 per square foot in 2013. This is primarily due to the increasing demand and continued low inventory of Southampton Place homes for sale.
2. The median sales price of Southampton Place homes have consistently increased since 2008.
The Southampton Place real estate market was seemingly unaffected by the housing bubble that affected many areas in the country in 2009. The increase was subtle yet consistent, jumping from $767,000 to $768,200 in 2009, to $770,000 in 2010, $815,001 in 2011, $890,000 in 2012, and $930,750 in 2013.
3. The average price per square foot dipped between 2008 to 2010.
Unlike the median sales price, the average price per square foot depreciated from $278 in 2008, to $264 in 2009, and $261 the following year.
4. The average price per square foot of Southampton Place homes exhibit a resurgence since 2010.
After dipping between 2008 to 2010, the average price per square foot of Southampton Place homes for sale have consistently increased. Since 2010, it has increased by 31% from $261 in 2010, to $297 in 2011, $320 in 2012, and $343 in 2013.
5. Southampton homes for sale appreciated by 21% in just 5 years.
From $767,000 in 2003, Southampton Place homes median sales price have jumped to $930,750 this year. Southampton real estate feature luxury homes well over $1,000,000.
Southampton Houston Realtor – Paige Martin
As 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 is ranked as one of the top realtors in Southampton, Houston, and the state of Texas. Read more about the over 65 awards she’s won in the last few years.
Paige works with a tremendous number of buyers and sellers in Southampton.
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 Paige@HoustonProperties.com or 713-384-5177.