How Hurricane Harvey Affects The Houston Real Estate Market

Based on historical data, we looked at Harvey's possible impact to the Houston housing market. Plus, see condos and neighborhoods that didn't flood.

Our heart goes out to everyone affected by Hurricane Harvey. If you or your family experienced flooding, please read these Hurricane Harvey Resources & Clean-Up Tips.

If you’re a real estate investor or are considering a purchase now, please keep reading. We’ve received a lot of inquiries about this topic and have tried to provide a comprehensive overview below.

We have a database of over 100 neighborhoods and 115 condos in Houston. We have been working with other agents of the Houston Properties Team to actively map out specific subdivisions and buildings that did well (and those that did poorly).

We have listed the areas and buildings that were largely unaffected by flooding below.

If you’re looking at specific homes or buildings and want to confirm if the property is in a flood zone, please email the Houston Properties Team.

NOTE: Based on our calls and outreach, we have compiled a list of the condo buildings and areas that flooded and those that did not (below). If you have any information we can add or anything that appears wrong, please email us, and we’ll update this page.

“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.” - Jeremy & Lynn Greene

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Table of Contents

1. Houston Real Estate Market
2. Houston Condos Not Affected by Flooding
3. Houston Neighborhoods with Little to No Flooding
4. The Best Houston Realtor to Sell Your Home

Houston Real Estate Market

Buying or selling a home in Houston can be tricky. With over $1B in real estate sales, The Houston Properties Team is the #1 Boutique Real Estate Team in Houston.

Based on what happened during the last hurricane, here’s likely what the Houston real estate market will likely look like for the next few months. There will likely be a:

• Major spike in rentals (especially short-term rentals).

• Spike in activity in condos (see the benefits of living in a Houston condo).

• Spike in interest in homes and neighborhoods that did not flood (details below).

• Massive decline in sales in areas that flooded.

Generally speaking, it is a good time to be a buyer as there will be fewer buyers in the market, due to several main reasons:

• Some buyers were impacted by the flooding, are not able to carry two mortgages, and will need to fix their home before they can sell it (or consider moving).

• Some buyers did not have their home impacted, but their business, family, or friends were. As such, they’re unable to consider making a move now.

• In addition, a group of buyers will pause and not do anything, out of general concern and uncertainty.

There are also typically a number of deals that come on the market after a natural disaster like this. They are rare in non-flooded areas, but they often come from the following types of situations:

• Vacant homes (especially if the buyer lives out of the area or out of state).

• Homes where the buyer is willing to take on work (renovations/repairs/etc.) Note: this has a financing implication as these would need to be covered out of pocket.

• If builders are close to their lines of credit or had inventory that fared poorly, they may be willing to discount or provide more allowances on their new construction inventory as they’ll need more cash flow.

If you see properties that really stand out to you, let us know, and we can do the legwork to find out how they did during the floods and how flexible a seller may be.

Also, we spend a lot of time studying the data on long-term trends (see page #3 of our Houston Real Estate Investing Trends Report – email me for a copy). As we’ve clearly seen this past week, close in homes in the flood plain (or too close to the floodplain) can be hugely impacted in a negative way.

This situation is a good reminder for buyers about the importance of buying a quality home in a quality location. While that doesn’t prevent a disaster, most of the Houston close in areas that flooded were in the known floodplains.

Houston Condos Not Affected by Flooding

"Paige Martin and the Houston properties team are an excellent resource. You definitely want her on your team when you decide to buy or sell." – Ian Ivy (Google Review)

Based on our research, below is the results Houston condos that fared very well during Hurricane Harvey. We’ll continue to update the list as we get more information about all of the key condo buildings in the city.

If you have specific questions or updated information, please email us.

Condos with No Issues

Galleria

• 2400 Mccue,

• 5050 Woodway,

• Astoria,

• Cosmopolitan,

• Four Leaf Towers,

• St Clair,

• The Bristol,

• The Houstonian,

• The Mark,

• The Oxford,

• Venti,

• Woodway Place Atrium,

• Woodway Place II

Downtown

• 2016 Main,

• Commerce Towers,

• Four Seasons Residences,

• Gotham Lofts,

• Stanford Lofts,

• St Germain,

• The Edge

Inner Loop

• 1000 West Clay,

• 1111 Studewood,

• 2120 Kipling,

• 2727 Kirby,

• 6007 Memorial,

• Chateau Ten Welch,

• Greenway Plaza,

• Highland Tower,

• Inwood Manor,

• Lamar Tower,

• Lovett Place,

• Midtown Vistas,

• Regency House,

• Renoir Lofts,

• Rise Lofts,

• Riva At The Park,

• River Oaks Place,

• The Florentine,

• The Huntingdon,

• The Point,

• The Renaissance At River Oaks,

• The River Oaks,

• The Royalton,

• The Spires,

• The Willowick

Museum District Area

• 1400 Hermann,

• 2520 Robinhood,

• 5000 Montrose @ The Museum,

• 7575 Kirby,

• Chateau Ten Sunset,

• Oaks On Caroline,

• Serento,

• The Mosaic on Hermann Park,

• Warwick Towers

Houston Neighborhoods with Little to No Flooding

Buying a home in Houston can be challenging. Contact us for additional recommendations on what areas are not flooded in Houston.

We started by focusing on the 52 Houston neighborhoods from: Houston’s Best Neighborhoods: Where Can I Afford To Live and have added neighborhoods by request.

If you have specific questions or updated information, please email us.

Neighborhoods And Communities That Did Exceptionally Well:

• Briargrove

• Brooke Smith

• Heights / Greater Heights

• Hyde Park

• Lizzieton Terrace

• Montrose

• Ravenna

• Rice Military

• River Oaks Shopping Area

• Royal Oaks

• Southgate

(Defined as no known flooding problems.)

Neighborhoods And Communities That Did Quite Well:

• Afton Oaks

• Brenwood Park

• East Downtown / EaDo

• Canyon Gate

• Denver Harbor

• Hilshire Village

• Hudson Oaks

• Fall Creek

• Fifth Ward

• Garden Villas

• Green Trails

• Jersey Village

• Museum District

• Lupton Ct

• Norhill Heights

• Northside Village

• Oakbrook West

• Oaks of Atascocita

• Sharpstown

• Spring Branch

• Spring Shadows

• Spring Valley

• Stonebridge

• Sunnyside

• The Woodlands

  • Neighborhoods north of the Woodlands Parkway did well, including Carlton Woods (Sterling Ridge area), Alden Bridge and Cochran’s Crossing.

  • Neighborhoods near Spring Creek had flooding including Grogan’s Point, Timarron Lakes and High Oaks.

• West Lane Place

• West University (northern parts)

• Village Creek

• Wildwood At Northpointe

(Defined as water on the street, but no known home flooding problems.)

The Best Houston Realtor to Sell Your Home

The Houston Properties Team has a well-defined structure based on the individual strengths of each member. Each member is a specialist in their role – which is why our homes sell faster and for more money than average.

Paige Martin, Broker Associate with Keller Williams Realty, and the Houston Properties Team are ranked among the top residential Realtors in the world.

They have been featured on TV and in dozens of publications including The Wall Street Journal, Fortune Magazine, Reuters, Fox News in the Morning, Money Magazine, Houston Business Journal, Houstonia, and Houston Chronicle.

Paige Martin was just ranked as the #5 agent in the world with Keller Williams, completing over $1 Billion in Houston residential real estate sales.

Recent awards include:

– 2022: #1 Residential Real Estate Team by Sales Volume, Houston Business Journal
– 2021: Best Real Estate Teams in America, RealTrends.com
– 2021: Top 100 Women Leaders in Real Estate of 2021
– 2021: America’s Top 100 Real Estate Agents
– 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal
– 2021: Best Houston Real Estate Team, Best of Reader’s Choice
– 2021: Top Real Estate Team (Houston Properties Team), Houston Business Journal
– 2021: #1 Real Estate Team, Keller Williams Memorial
– 2020: America’s Best Real Estate Teams, Best of America Trends
– 2020: Best Houston Real Estate Team, Best of Reader’s Choice
– 2020: Top Real Estate Team (Houston Properties Team), Houston Business Journal
– 2020: #6 Individual Agent, Keller Williams, Worldwide
– 2020: #1 Individual Agent, Keller Williams, Texas (Top Keller Williams Realtor)
– 2020: #1 Real Estate Team, Keller Williams Memorial
- 2019: Top Residential Realtors in Houston, Houston Business Journal
- 2019: America’s Best Real Estate Agents, RealTrends.com
- 2019: #5 Individual Agent, KW Worldwide
- 2019: #1 Individual Agent, KW Texas
- 2018: #5 Individual Agent, Keller Williams, Worldwide
- 2018: #1 Individual Agent, Keller Williams, Texas
- 2018: #1 Individual Agent, Keller Williams, Houston
- 2018: America’s Best Real Estate Agents, RealTrends.com
- 2018: Top 25 Residential Realtors in Houston, Houston Business Journal
- 2018: Texas’ Most Influential Realtors
- 2017: #1 Individual Agent, Keller Williams, Texas
- 2017: #1 Individual Agent, Keller Williams, Houston
- 2017: #10 Individual Agent, Keller Williams, Worldwide
- 2017: America’s Best Real Estate Agents, RealTrends.com
- 2017: Top 25 Residential Realtors in Houston, Houston Business Journal
- 2017: Texas’ Most Influential Realtors
- 2016: #1 Individual Agent, Keller Williams, Texas
- 2016: #1 Individual Agent, Keller Williams, Houston
- 2016: #20 Individual Agent, Keller Williams, Worldwide
- 2016: Texas’ Most Influential Realtors
- 2016: Top 25 Residential Realtors in Houston, HBJ
- 2016: Five Star Realtor, Featured in Texas Monthly
- 2016: America’s Best Real Estate Agents, RealTrends.com
- 2015: #9 Individual Agent, Keller Williams, United States
- 2015: #1 Individual Agent, Keller Williams, Texas
- 2015: #1 Individual Agent, Keller Williams, Houston
- 2015: America’s Best Real Estate Agents, RealTrends.com
- 2015: Top 25 Residential Realtors in Houston, HBJ
- 2015: Five Star Realtor, Texas Monthly Magazine
- 2014: America’s Best Real Estate Agents, RealTrends.com
- 2014: #1 Individual Agent, Keller Williams Memorial

...in addition to over 318 additional awards.

Paige also serves a variety of non-profits, and civic and community boards. She was appointed by the mayor of Houston to be on the downtown TIRZ board.

Benefits Of Working With The Houston Properties Team

Our team, composed of distinguished and competent Houston luxury realtors, has a well-defined structure based on the individual strengths of each member.

We find the team approach as the most effective way to sell homes. We have dedicated people doing staging, marketing, social media, open houses, and showings. Each Houston Properties Team member is a specialist in their role—which is why our homes sell faster and for more money than average.

The benefits of working with a team include:

• the ability to be in two or three places at one time; a member can handle showings, while another answer calls
• collective time and experience of members
• targeted advice and marketing of agent expert in your area
• competitive advantage by simply having more resources, more ideas, and more perspectives
• a “checks and balances” system; selling and buying a home in Houston is an intensely complex process
• more people addressing field calls and questions from buyers and agents to facilitate a faster, successful sale
• efficient multi-tasking; one agent takes care of inspections and repair work, while another agent focuses on administrative details
• multiple marketing channels using members’ networks
• constant attention: guaranteed focus on your home and your transaction
• lower risk for mistakes. Multiple moving parts increase oversights. A team approach handles these “parts” separately
• flexibility in negotiation and marketing
• better management of document flow
• increased foot traffic through more timely and effective showing schedule coordination; and
• increased sphere of influence and exposure to more potential buyers.

To meet all the award-winning members of the Houston Properties Team, please go here.