April 2011 Market Activity Update: Lakes of Cypress Forest in Spring Texas

Lakes of Cypress Forest subdivision is located in Spring Texas. West of I-45 access via Cypresswood at Duke Lake Dr or Lakes of Cypresss Forest Drive.

Residents have convenient access to shopping, dining, entertainment, and major roads and highways (approx 1.5 miles to I-45),

This Gated Community Amenities include numerous lakes, fountain and waterfalls, swimming pool, splash pad, sand volleyball court, and picnic areas and nature trails,

The Lakes of Cypress Forest is in the Klein School District and feeds to the following schools:

Elementary: Lemm, Middle: Schindewolfe, High: Klein Collins

Lakes of Cypress Forest Tax rate is 2.82%

HOA fees are approx 700. Annually

Gorgeous Lakes, Location, tax rate and School district are only a few reasons why this neighborhood remains desirable. The neighborhood has recently seen a slight decline in Market Values when compared to 2009 year-end average sales price of $105.30SF. This decrease can be related to a number of foreclosures/Short Sales that have recently washed 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 April 2011 in the Lakes of Cypress Forest, shows that no  Homes have sold in April. 1 Home is currently pending and the sales information will be available once they close. Homes are currently selling at 96% LP/SP. Overall time on the market is just over 6 months, with well priced properties moving more rapidly.

There are currently 7 homes for sale in the Lakes of Cypress Forest 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 Lakes of Cypress Forest here or any other neighborhood here, (simply type 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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