July 2011 Market Activity Report: Ponderosa Forest in Northwest Houston, Texas

Ponderosa Forest subdivision is located in Northwest Houston Texas. Just west of I-45 and off 1960 at Ella, Butte Creek or Sugar Pine Road.

Residents can easily access downtown Houston, Bush Intercontinental Airport, shopping, entertainment, and sports venues.

There are currently 1314 Homes in Ponderosa Forest. Community Amenities include a Park with a playground and a neighborhood YMCA that has a swimming pool, play equipment and sand volleyball

Community sponsored events include an annual Easter Festival,  July 4th Celebration and parade, National Night Out,  annual fun run, Bingo nights, Fall Festival, evening with Santa and more.

Community activities and organizations include a community swim team, a garden club, Senior group, civic association and others

Ponderosa Forest is in the Spring School district and feeds to the following schools:

Elementary: Ponderosa

Middle: Bammel

High: Westfield

Ponderosa Forest Tax rate is one of the lowest in the area at 2.47%

HOA fees are $435.00 annually

The tax rate, large lots and location are only a few reasons why this neighborhood remains desirable; however the neighborhood has seen a slight decline in Market Values when compared to the 2010 year-end average sales price of $46.32/SF.  This decrease can be related to a number of 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 July 2011 in Ponderosa Forest shows that 7 Homes have sold with an average sales price of $43.71/SF and structure size of 2987/SF 13 Homes are currently pending and the sales information will be available once they close. Homes are 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 52 homes for sale in the Ponderosa Forest neighborhood, with an average asking price of $146,031. If you’re interested in buying or selling a home in the neighborhood or the area in general, call or email me. Kimberly Whaley @ 832-576-4902 or kim@kimberlywhaley.com

You can search for homes in Ponderosa Forest here 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


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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