About the Northwest Houston, The Woodlands and Houston Inner Loop Real Estate Market  With the reasonable price of housing in our city, more and more employers are giving the nod to Houston for relocation. Northwest Houston is home to many exceptional communities and neighborhoods. Even during these trying economic times, continual new home construction and development or master-planned communities prove that people choose Northwest Houston because of the quality of life, beautiful environment, excellent school districts and close-knit communities. Northwest Houston is comprised of a variety of housing styles representing a range of prices, and for that reason, the area is one of Houston’s preferred residential communities. Just about very kind of housing imaginable exists in Northwest Houston, from wood frame bungalows, contemporary designs, master planned housing developments and country club communities, to stately mansions. Northwest Houston neighborhoods, including Gleannloch Farms, Lakewood Forest, Spring, Tomball, The Woodlands and Carlton Woods, accommodate virtually every income level and lifestyle. Homes in these neighborhoods usually range from $100,000 to $1 million and above. The Woodlands is one of the first master-planned communities in the nation. You will find full range of beautiful homes from contemporary to traditional, from apartments to high-rise condominiums, from modest to mansion, priced from the $90,000 to more than $1 million, located in eight charming villages. Homes are situated on winding cul-de-sacs and curvilinear streets in neighborhoods which are designed and built with respect for the natural environment. These single family properties are nestled within and among excellent public and private schools, over 100 miles of hike and bike trails, over 80 neighborhood parks, 200 acre Lake Woodlands, six championship and signature golf courses, including 27-hole Palmer Course and Carlton Woods, a major regional shopping mall and many village shopping centers, hospitals, churches, country clubs, and full-service resort and conference center. Central Houston is where it all began and the growth and popularity of the area still runs strong to this day. It is where the big names and the big people who made it all happen in Houston lived. These early pioneers created such well-known neighborhoods as the Houston Heights, River Oaks, Bellaire, Meyerland, Montrose, West University and Tanglewood -- all for different purposes. Developers launched River Oaks in the 1920s as a haven for the city's elite to escape from the “dirt, noise and congestion of the city.” The development of Tanglewood in the late 1940's represented Houstonians’ desire for more space and more garden area while still maintaining all the amenities of the big city.
There are similarities between today’s strong Central Houston real estate market and the market of the early 1980s, according to the latest annual Houston Real Estate Market Forecast conducted by Barton Smith, University of Houston economics professor and director of the UH Institute for Regional Forecasting.
In his forecast, Smith said that real estate prices are experiencing the strongest appreciation since the first few years of the 1980s with the greatest gains occurring in inner-city, single-family residential properties. Some neighborhoods inside Loop 610 now have values near $200 per square foot.
The increase in accessibility premiums during the past three years is reminiscent of the explosion in prices that occurred after the second spike in energy prices that began with the oil shortage created by the Iran/Iraq war and with the congestion crunch in Houston that peaked in the early 80s.
While growth in Houston's energy independent economic base has stalled since last November, strong growth in the energy base has provided a cushion which most other major cities in the country lack. As a result, Houston stands out as one of the strongest major urban economies in the nation right now. Which neighborhoods offer the best values? It's my job to help! Ask me any question, or request my FREE relocation package of information on Northwest Houston, The Woodlands and Houston Inner Loop. There's no obligation, and I promise to respond quickly... |
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