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.
This little pocket of townhomes is a secret you need to discover. Located just off Gessner between Memorial and Briar Forest, zoned to excellent schools, and OH SO QUIET when you step into the lush backyard. This townhome backs to community HOA property that goes all the way to the bayou. And on the other side of the bayou is Crestbend….giving wonderful privacy, peace and quiet….can’t believe you are just off Gessner.
Georgian-style one-story brick home with inviting front porch. Extensively updated and meticulously maintained Memorial home in a family-friendly neighborhood great for walking. This is Memorial living at it’s finest! Lakeview is one of the loveliest neighborhoods in Memorial with mature tree canopy. It adjoins Sandalwood and together the two communities thrive as neighborhood children grow up in a large contiguous area where they can ride their bikes to friends homes and ride the school bus to Frostwood Elementary, Memorial Middle, and Memorial High.
As an interesting sidenote there is only 3 months of inventory supply in homes between $1-2 million in zipcode 77024 but 10 months of inventory supply in 77079….one is a sellers market and one is a buyer’s market. Real estate is all local.
The new Memorial Green development under construction on Memorial will only enhance this lovely townhome community. Soon Ethans Glen will be the “affordable” neighbor to $1-2million dollar homes with many of the same benefits….walkability to Fresh Market and Starbucks, plenty of PARKING, and great location. Check out the fabulous updates in this lovely townhome.
Normally we don’t see multiple offers in the multimillion dollar price range. This GK listing was the exception. Beautifully decorated by Don Connally of Area (Highland Village) it showed great. My favorite idea was the use of this barn door that adjoins the pool. Open the door and you have additional entertaining area ….ping pong table…or whatever in this one bay garage space. Interesting observation…the home only had a one car garage yet that didn’t keep the buyers from bidding. Just because your home doesn’t have “everything perfect” doesn’t mean it won’t sell. Click on the top photo above for more details.
I think we all want our home to be someplace truly special. This home is! It is an enchanting quiet oasis on the bayou that my clients purchased. Three sets of geometric prairie style windows (1) flank the front door, (2) bring light through leaded glass windows into the front entryway, and (3) showcase dramatic floor to ceiling views of dappled light through trees from the living room. This was a fun transaction with an urban legend that turned out to be fiction, as did the tall tale that there were plans around signed by Frank Lloyd Wright! Ha ha! Click on the photos above for more details.