Lakewood Forest July 2007 Market Update

July was quite an interesting month for Lakewood Forest. While the average sales price fell, the average price per square foot of sold homes rose by nearly $3 from June, while the days on market took a nose dive.

$3 doesn't really seem like a wave of change, however when calculated with a 3,000 square foot home this equates to a whopping $9,000.

In July, the average sales price of homes sold was $199,850 among a 14 homes; down from 20 in June. The average price per square foot was peaking $70.12, which is an increase of $2.93 from last months average.

This weeks popular street was Peach Meadow, accounting for 2 out of the 14 sales in July.

Most Expensive Property

This month's most expensive property sold award gets handed to 12403 Pelican Isle Court, which sold for $255,000 (or $93.75 per square foot). This estate home featured stucco, custom landscaping and a wide open floor plan.

More Details

To pull the information we present to you on a monthly basis, we research our listing database to get key statistic and details to help the homeowners of Lakewood Forest get the latest news about the selling trends of their neighborhood.

These statistics are provided below complementary of the MyHomeHouston Team who specializes in Houston Texas Real Estate.

	Sales Price	Days on Market	Price Per Sqft
High	$255,000	89	$93.73
Average	$199,850	33	$70.12
Low	$160,000	8	$49.58
Information obtained from the Houston Association of Realtor listing database.

 

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