July 2011 Market Activity Report Louetta Lakes in Spring Texas

Louetta Lakes subdivision is located in Spring Texas. West of I-45 access via Louetta at Candlecreek, Louetta Lakes Drive or Cannaberry Way.

There are currently 389 Homes in Louetta Lakes. Residents have convenient access to shopping, dining, entertainment, and major roads and highways (approx 2.5 miles to I-45),

Community Amenities include a  4 acre lake with fishing dock, 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, and walking trails.(amenities are shared with Devonshire Woods & Devonshire Oaks)

Louetta Lakes is in the Klein School District and feeds to the following schools:

Elementary: Lemm

Middle: Shindewolf

High: Klein Collins

Louetta Lakes Tax rate is 3.06%, 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 $65.54/SF. This decrease can be related competitive builder pricing, however the only home that sold this month was a foreclosure and I expect to see a rebound next month. For now, lower prices mean that it might be the best time to make that purchase.

Market activity for July 2011, in the Louetta Lakes, show that 1 Home sold with a sales price of $54.99/SF. 1 homes is currently pending and the sales information will be available once it closes. Homes are currently selling at 99% LP/SP. Overall time on the market is just over 4 months, with well priced properties moving more rapidly.

There are currently 7 homes for sale in the Louetta Lakes neighborhood, with an average asking price of $218,527. 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 Louetta Lakes here or any other neighborhood 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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