August 2011 Market Activity Update: Lakes of Cypress Forest in Spring Texas

Lakes of Cypress Forest subdivision is located in Spring Texas. West of I-45 access via Cypresswood, at Duke Lake Dr or Lakes of Cypresss Forest Drive.

Residents have convenient access to shopping, dining, entertainment, and major roads and highways (approx 1.5 miles to I-45),

This Gated Community Amenities include numerous lakes, fountain and waterfalls, swimming pool, splash pad, sand volleyball court, and picnic areas and nature trails,

The Lakes of Cypress Forest is in the Klein School District and feeds to the following schools:

Elementary: Lemm

Middle: Schindewolfe

High: Klein Collins

Lakes of Cypress Forest Tax rate is 2.82%. HOA fees are approx 700. Annually

Gorgeous Lakes, Location, tax rate and School district are only a few reasons why this neighborhood remains desirable; and has understandably remained unaffected by the current housing markets. Sales this month were up approx 15% (new construction) when compared to 2010 year-end average sales price of $96.69/SF.

Market activity for August 2011 in the Lakes of Cypress Forest, show that 1 Home sold with a sales price of 112.68/SF. and a structure size of 3330/SF. 6 Homes are currently pending and the sales information will be available once they close. Homes are currently selling at 92% LP/SP. Overall time on the market is just over 10 months, with well priced properties moving more rapidly.

There are currently 17 homes for sale in the Lakes of Cypress Forest neighborhood, with an average asking price of $402,670. 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 –

***If you are considering a new construction home, I highly recommend you take a take a Realtor with you that knows how to negotiate builder pricing, to represent your interest in the transaction. Statistically buyers who work with a Realtor when purchasing a new home get a better deal. Don’t forget that the Sales counselors work for the builders and their job is to sell you a home for highest price they can.

You can search for homes in Lakes of Cypress Forest here or any other neighborhood here by simply typing the neighborhood name into the subdivision box.

You can also find some very valuable information on my website at



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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