2011 Year End Market 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 a few reasons why this neighborhood remains desirable; and has understandably remained unaffected by the current housing markets. Sales prices are up more than 5% when compared to 2010 year-end average sales price of $96.69/SF.

Market activity in Lakes of Cypress Forest for 2011 shows that 22 Homes sold with an average sales price of $101.97/SF. and an average structure size of 3588/SF. The average home sold at 94% of LP/SP (list price per square foot), with an average time on the market of just under 6 months. There are currently 4 homes pending. Sales information for pending properties will be available once they close.

There are currently 12 homes for sale in Cypresswood with an average asking price of $382,191. You can search for homes in Lakes of Cypress Forest 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


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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