July 2011 Market Activity Update: Cypresswood Glen Estates in Spring Texas

Cypresswood Glen Estates subdivision is located in Spring Texas. West of I-45 access via Louetta at Cypresswood Glen Drive or Ella Blvd.

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

There are currently 135 Homes in Cypresswood Glen Estates. Community Amenities include a neighborhood park with playground equipment and a swimming pool

Cypresswood Glen Estates is in the Klein School District and feeds to the following schools:

Elementary: Haude

Middle: Strack

High: Klein Collins

Cypresswood Glen Estates Tax rate is 3.03%. HOA fees are approx 550. Annually

Gorgeous oversized homes, 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 prices of $74.37/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. I will note that the neighborhood pricing has fallen into alignment with its parent neighborhood, Cypresswood Glen and previous higher pricing for the “Estates” section appears to have gone away. For now, lower prices mean that it might be the best time to make that purchase.

Market activity for July 2011 in Cypresswood Glen Estates, show that 2 homes sold with an average sales price of $61.37/SF and an average structure size of 2554/SF. No Home is currently pending. Homes are currently selling at 96% LP/SP. Overall time on the market is just under 3 months, with well priced properties moving more rapidly.

There are currently 3 homes for sale in the Cypresswood Glen Estates neighborhood, with an average asking price of 213,100. 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 Cypresswood Glen Estates 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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