July 2011 Market Activity Report: Memorial Northwest in Spring Texas

Memorial Northwest subdivision is located in Spring Texas.West of I-45 and connected via Louetta Road at Champion Forest Drive

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

Community Amenities include a community center, 12 tennis courts, An Olympic size swimming pool and Fitness center.

Community sponsored events include annual children’s Easter Egg Hunt, Memorial Day Swim event, 4th of July Parade, Labor Day event, Breakfast with Santa, and New Year’s Eve Party.

Community activities and organizations include a community swim team, His and Her Tennis Leagues, Private Tennis lessons and more.

Memorial Northwest is in the Klein School district and feeds to the following schools:

Elementary: Theiss

Middle: Doerre

High: Klein

Memorial Northwest Tax rate is one of the lowest in Spring at 2.48%. Home Owner Association (HOA) Dues are $400 annually.

The tax rate, School district and location are only a few reasons why this neighborhood remains very desirable, however the neighborhood has seen a slight decline in Market Values when compared to 2010 year end average sales price of 55.36/SF. Statistically I see no reason for the decrease in sales prices. This could just be a temporary dip and we may see improvement in values 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 Memorial Northwest shows that 6 Homes sold with an average sales price of $52.25/SF and structure size of 4543/SF. 15 Homes are currently pending and the sales information will be available once they close. Homes are selling at 98% LP/SP Overall time on the market is just under 2 months, with well priced properties moving more rapidly.

There are currently 56 homes for sale in the Memorial Northwest neighborhood, with an average asking price of $217,140. If you’re interested in buying or selling a home in the neighborhood or the area in general, call or email Kimberly Whaley (832-576-490 / kim@kimberlywhaley.com

You can search for homes in Memorial Northwest here or other neighborhoods here, by simply 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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