2017 was a good year, especially for the upper high end market. New construction prices are up and lots are selling about on par with 2016. The middle market has seen some softening, with the exception of “move-in ready” homes. For those not impacted by Hurricane Harvey and flooding it has been business as usual. Flooded homes and lots are hitting the market and are selling at discounts often below land value. Many residents in neighborhoods flooded due to the dam release are rebuilding. What a statement that makes for the resiliency of these lovely neighborhoods. A year or two from now they will be full of beautifully remodeled and new construction homes. It may be a tough year or two ahead but I believe down the road these neighborhoods will shine even brighter after rebuilding.
Your home is just that….YOURS. Every homeowner has different needs and this family, like many today, didn’t need a formal dining room. Instead this space is now the super convenient study and homework area adjacent to the kitchen. For future resale there is a formal living room which could be the dining room. Generally entertaining style has become much less formal and formal dining rooms are not as important as they used to be to many families. I really appreciate Lillian Lehman who puts her clients first….what are their lifestyle needs? She was so helpful to my client in designing their remodel to suit their lifestyle.
My clients bought this home and engaged Lehman Construction to remodel it for them. Bob Lehman is a builder and his wife Lillian Lehman, is a designer. Together they are a great team who transformed this original owner home into a happy home designed for today’s active family.
Notice how the window was enlarged and relocated to provide more light streaming into these rooms. New appliances nestled into cabinets that close beautifully. Sleek, functional and stylish. The peninsula is the cozy family gathering spot….simply brilliant!
The Memorial Villages ended the year with steady sales prices, higher inventory (noteably new construction), and strong lot prices. The table above is as of December 11th. There were several year end closings of lot sales at similar prices of the yearly averages. The decline in oil price has not affected lot sales yet.