Spring Branch Houston Real Estate Trends
Spring Branch Houston is a neighborhood of mostly new construction single-family houses and townhomes located just west of Downtown Houston.
Spring Branch real estate has one of the highest appreciation rates in Houston. Homes sold in 2004 have almost doubled in value by 2013.
The area is very similar to Memorial Houston, which is just south of Spring Branch across the Katy Freeway.
Bordered by the 610 Loop to the east, Interstate 10 to the south, Beltway 8 to the west, and Hempstead Road to the north; homes for sale in Spring Branch Houston offers the same great quality of life of Memorial Houston homes for sale, but typically at less expensive price points.
The Spring Branch Houston Real Estate Appreciation Report below outlines 5 key real estate performance indicators for the past decade.
Spring Branch Resources:
- Spring Branch Neighborhood Guide
- All Spring Branch Homes For Sale
- Most Expensive Spring Branch Homes For Sale
For an updated Spring Branch real estate pricing or trend analysis, please contact Paige Martin at [email protected].
5 Important Spring Branch Real Estate Market Trends
1. Spring Branch Houston homes have almost doubled in value in the past decade.
The median price of Spring Branch single-family homes for sale in 2004 was $125,000. It has increased by 75% ten years later to the present $218,000.
2. The average price price per square foot of Spring Branch homes rose by nearly 50% since 2004.
The average price per square foot of Spring Branch homes for sale in 2004 was $83. After a decade, it now displays a 49% increase to $124 per square foot.
3. Homes sold per year jumped by 71% since 2009.
The number of Spring Branch Houston homes sold per year in 2009 was 526. Five years later, it has increased to as much as 900 homes sold per year.
New construction developments within Spring Branch serve as less expensive alternatives to homebuyers looking for homes near the Energy Corridor and Downtown Houston.
4. From 2012, the median sales price increased by 25%.
Spring Branch homes for sale had a median sales price of $174,000 in 2012. It jumped to $218,000 a year later.
5. In the past year, the number of homes sold increased by 30%
As more lots gets developed, new constructions in Spring Branch continue to alleviate Houston’s low real estate inventory. In the past year alone, the number of homes sold increased from 691 to 900.
Spring Branch homes for sale are great options for homebuyers looking for affordable homes for sale in the Memorial area. Both neighborhoods have above average median lot sizes while also enjoying close proximity to the growing business district of Energy Corridor.
Spring Branch real estate are generally less expensive, when compared to homes within Memorial.
Spring Branch 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 best realtors within Spring Branch’s neighbor, Memorial Houston.
Paige was named the #1 Ranked Individual Agent in the Keller Williams Memorial Office for the last four years.
She has been a consistent top producing agent, winning awards every year since 2007. 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 Spring Branch Houston.
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.
