2011 Year End Market Update: Spring Creek Oaks in Spring Texas

Spring Creek Oaks subdivision is located in Spring Texas. West of I-45 and connected via Louetta Road at TC Jester

Residents can easily access downtown Houston, Bush Intercontinental Airport, shopping, entertainment, and sports venues.

Community Amenities Include 2 clubhouses, 2 swimming pools, baseball field, basketball courts, soccer field, jogging trails, and park with a playground.

Community sponsored events include a Fourth of July celebration, Halloween festival and more.

Community activities and organizations include a community swim team, Ladies Group, Bunco clubs etc.

Spring Creek Oaks is in the Klein School district and feeds to the following schools: Elementary: Kuehnle Middle: Strack/Kleb High: Klein

Spring Creek Oaks Tax rate is 2.75%, Home Owner Association (HOA) Dues are approx $600 annually.

Location, neighborhood amenities, and School District are only a few reasons why this neighborhood remains very desirable however the neighborhood has seen a slight decline in Sales prices when compared to 2010 year-end average sales price of $70.75/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 in Spring Creek Oaks for 2011 shows that 35 Homes sold with an average sales price of $69.10/SF. and an average structure size of 3451/SF. The average home sold at 96% of LP/SP (list price per square foot), with an average time on the market of just over 3 months. There are currently 4 homes pending. Sales information for pending properties will be available once they close.

There are currently 23 homes for sale in Spring Creek Oaks with an average asking price of $249,530. You can search for homes in Spring Creek Oaks 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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