July 2011 Market Report Update: Spring Creek Oaks in Spring Texas

Spring Creek Oaks subdivision is located in Spring Texas. West of I-45 and connected via Louetta Road at TC Jester

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

Community Amenities Include 2 clubhouses, 2 swimming pools, baseball field, basketball courts, soccer field, jogging trails, and park with a playground.

Community sponsored events include a Fourth of July celebration, Halloween festival and more.

Community activities and organizations include a community swim team, Ladies Group, Bunco clubs etc.

Spring Creek Oaks is in the Klein School district and feeds to the following schools:

Elementary: Kuehnle

Middle: Strack/Kleb

High: Klein

Spring Creek Oaks Tax rate is 2.75%. Home Owner Association (HOA) Dues are approx $600 annually.

Location, neighborhood amenities, and School District are only a few reasons why this neighborhood remains very desirable however the neighborhood has seen a slight decline in sales prices when compared to 2010 year-end average sales price of $59.52/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 Spring Creek Oaks shows that 6 Homes sold with an average sales price of 68.79/SF and a structure size of 3760. 8 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 month, with well priced properties moving more rapidly.

There are currently 22 homes for sale in the Spring Creek Oaks neighborhood with an average asking price of 251,780. 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) kim@kimberlywhaley.com)

You can search for homes in Spring Creek Oaks 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

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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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