June 2011 Market Activity Update: Devonshire Woods in Spring Texas

Devonshire Woods subdivision is located in Spring Texas. West of I-45 access via Cypresswood Drive at Lajuana lane or Teller Blvd.

Residents have convenient access to shopping, dining, entertainment, and major roads and highways (approx 2.5 miles to I-45),

There are currently 426 Homes in Devonshire Woods. Community Amenities include a five acre park with playground equipment, a Jr. Olympic swimming pool and two water slides, a pavilion and gazebo, tennis courts, basketball courts, and volleyball courts, soccer and baseball fields, a batting cage, and walking trails.

Devonshire Woods is in the Klein School District and feeds to the following schools:

Elementary: Lemm

Middle: Shindewolf

High: Klein Collins

Devonshire Woods Tax rate is 2.75%

HOA fees are approx 450. Annually

Neighborhood amenities, location, and school district, are only a few reasons why this neighborhood remains desirable, however the neighborhood has seen a slight decline in Market Values when compared to 2010 year end average sales price of 57.36SF. This decrease can possibly be related to a couple foreclosures 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 June 2011 in Devonshire Woods shows that 2 Homes were sold with an average sales price of $55.76/SF 2 Homes are currently pending and the sales information will be available once they close. Homes are currently selling at 95% LP/SP. Overall time on the market is just over 3 months, with well priced properties moving more rapidly.

There are currently 3 homes for sale in the Devonshire Woods 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 Devonshire Woods 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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