Q1 2011 – Neighborhood update: Terranova West in Spring, Texas

Terranova West subdivision is located in Spring Texas. West of I-45 off Cypresswood Drive or Louetta at Terranova West Drive.

Residents have convenient access to shopping, dining, entertainment, and major roads.

Community Amenities include a clubhouse, swimming pool with slide and wading pool, two tennis courts, playground, and basketball court., as well a private park with a Baseball Field, walking / jogging trails, exercise stations, sand volleyball court, horseshoe pits, and a soccer field.

Community activities and organizations include the Civic club, a book club, swim team and others…

Terranova West  is in the Klein School district and feeds to the following schools:

Elementary: Benfer

Middle: Strack

High: Klein Collins

Terranova West Tax rate is 2.87%

HOA fees are approx 620.00 annually

A great location, amenities and school district, are only a few reasons why this neighborhood remains desirable. The neighborhood has had a slight decline in Market Values when compared to 2009 year-end average sales prices. This decrease can be related to a small number of foreclosures that should quickly wash out of the market, and I expect to see an increase in sales prices in the near future. For now, lower prices mean that it might be the best time to make that purchase.

Market activity for the last 3 months in Terranova West show that 11 Homes have sold with an average sales price of $152,500., and size of 2757sf. Homes are selling at 96% LP/SP Overall time on the market is just under 3 months, with well priced properties moving more rapidly.

There are currently 14 homes for sale in the Terranova West neighborhood. If you’re interested in buying or selling a home in the neighborhood or the area in general, call or email Kimberly Whaley (832-576-4902 – kim@kimberlywhaley.com)

You can search for homes in Terranova West or other neighborhoods here, by typing the neighborhood name into the subdivision box.

You can also find some very valuable information on my website at www.kw-re.com

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About Kimberly Whaley

Full time, Full Service Real Estate Agent in the The Woodlands and Spring Texas area. Certified Distressed Property Expert (CDPE) Texas Affordable Housing Specialist (TAHS)
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