August 2011 Market Report update: Terranova West in Spring Texas

Terranova West subdivision is located in Spring Texas..West of I-45 off Cypresswood Drive or Louetta at Terranova West Drive.

Residents have convenient access to shopping, dining, entertainment, and major roads,

There are currently 627 Homes in the Terranova West neighborhood. Community Amenities include a clubhouse, swimming pool with slide and wading pool, two tennis courts, playground, and basketball court., as well a private park with a Baseball Field, walking / jogging trails, exercise stations, sand volleyball court, horseshoe pits, and a soccer field.

Community activities and organizations include the Civic club, a book club, swim team and others…

Terranova West  is in the Klein School district and feeds to the following schools:

Elementary: Benfer

Middle: Strack

High: Klein Collins

Terranova West Tax rate is 2.87%. HOA fees are approx 620.00 annually

A great location, amenities and school district, are only a few reasons why this neighborhood remains desirable; however the neighborhood has seen a slight decline in Sales prices when compared to 2010 year-end average sales prices of $59.51/ 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 August 2011 in Terranova West shows that no homes sold during the month.. 2 Homes are currently pending and the sales information will be available once they close. Homes are selling at 96% LP/SP Overall time on the market is just over 1 month, with well priced properties moving more rapidly.

There are currently 16 homes for sale in the Terranova West neighborhood. 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 Terranova West 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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