4 Intriguing Upper Kirby Real Estate Trends
Once a floundering and nameless community located a few miles southwest of Downtown Houston, Upper Kirby is now a thriving and trendy mixed-use neighborhood.
This transformation is especially apparent in Upper Kirby real estate.
During the past decade, the median sales price of Upper Kirby homes for sale have improved steadily, posting a very impressive 111% positive change. This appreciation is across the board, with land values nearly doubling over the same period.
Several new developments and increasing demand in the area contribute to rising property values, and with more development on the way, Upper Kirby has more room to grow.
The following are 4 surprising Upper Kirby real estate trends that should help homebuyers better understand this market.
For questions, advice, Upper Kirby Houston real estate recommendations, or off-market MLS listings, contact Paige Martin, head of the Houston Properties Team and rated as the best Keller Williams Memorial realtor the last four years.
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For an updated and customized Upper Kirby real estate pricing or trend analysis, please contact Paige Martin at Paige@HoustonProperties.com.
4 Interesting Upper Kirby Real Estate Market Trends
1. Upper Kirby real estate have appreciated by 111% from 2005 to 2014.
The median sales price of Upper Kirby real estate was $393,000 in 2005. This more than doubled to $830,000 in 2014.
2. Average price per square foot has increased by 51% during the same period.
The average price per square foot of Upper Kirby homes was at $185 in 2005. By 2014, homebuyers can expect to pay $280 per square foot for an average Upper Kirby home.
Land values have also increased during this period, posting a 98% positive change (from $44 to $87).
3. Upper Kirby real estate prices tend to fluctuate.
A number of factors affect home values, including home size, location, and condition. Newer homes tend to sell for higher prices, while older properties sell for less.
Upper Kirby’s wide array of home types, including patio homes, custom-built multi-level homes, townhomes, and condos, may have also played a role in these price fluctuations.
4. Inventories are tight.
Like most Inner Loop neighborhoods, inventories are tight in Upper Kirby. Its central location, high accessibility, and diverse portfolio of homes make it a very desirable neighborhood in which to live.
Homebuyers will need the assistance of the best Upper Kirby Houston realtor for advice and updated information.
Upper Kirby 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 Upper Kirby 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 Upper Kirby.
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.