Lakewood Forest July 2007 Market Update
Posted Aug 17, 2007 @ 10:21 am, Viewed by 1660 Visitors, Read 1744 Times.
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. | |||
Steve Castaneda has been a real estate agent since January 2005, and enjoys helping clients with Houston Real Estate. His site features Houston homes for sale, along with detailed guides, tips, and a blog about buying a home in Houston.
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