2011 Year End Market Update: Candlelight Hills in Spring Texas

Candlelight Hills subdivision is located in Spring Texas. West of I-45 access via Louetta at Candlecreek (on the right), or Candleview & Burnt Candle (on the left).

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

There are currently 477 Homes in Candlelight Hills. Community Amenities include a swimming pool, a clubhouse, tennis courts, a playground area and picnic tables.

Candlelight Hills is in the Klein School District and feeds to the following schools: Elementary: Haude Middle: Strack High: Klein Collins

Candlelight Hills Tax rate is 2.19% HOA fees are approx 350. Annually

Location, tax rate and School are only a few reasons why this neighborhood remains desirable; however the neighborhood has seen about a $5/SF decline in Sales Prices when compared to 2010 year-end average sales price of 59.34SF. Statistically I see no reason for the decrease in sales prices with few foreclosures in the neighborhood. 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 in Candlelight Hills for 2011 shows that 17 Homes sold with an average sales price of $53.75/SF. and an average structure size of 3073/SF. The average home sold at 97% of LP/SP (list price per square foot), with an average time on the market of just under 3 months. There are currently 4 homes pending. Sales information for pending properties will be available once they close.

There are currently 4 homes for sale in Candlelight Hills with an average asking price of $167,850. You can search for homes in Candlelight Hills here

If you’re interested in buying or selling a home in the neighborhood or the area in general, call or email me today, 832-576-4902, kim@kimberlywhaley.com

If you’re interested in searching for a home in a different neighborhood, you can do so here, by simply typing the neighborhood name into the “subdivision” box.

***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.

Look for other useful Real Estate information on my website,  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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