Q1 2012 Market Update: Cypresswood in Spring Texas

Cypresswood subdivision is located in Spring Texas.(77388). West of I-45 and connected via Cypresswood Drive and Louetta Road.

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

There are 1723 Homes in Cypresswood. Community Amenities include two clubhouses and a pavilion, two swimming pools, 10 tennis courts, two playgrounds, a walking/jogging trail along Ella Boulevard and sidewalks along Cypresswood Drive.

Community sponsored events include annual children’s Easter gatherings, the July 4th Celebration and parade, National Night Out, Member/guest tennis tournament, annual Fall Festival, and Breakfast with Santa. Community activities and organizations include a community swim team, bridge clubs, a garden club, a 50 plus group, a women’s club, children’s play group and scouting organizations.

Cypresswood is in the Klein School district and feeds to the following schools: Elementary: Haude Middle: Strack High: Klein Collins

Cypresswood Tax rate is one of the lowest in Spring at 2.65% Home Owner Association (HOA) dues are 485.00 Annually

The tax rate, School district and location a few reasons why this neighborhood remains desirable however the neighborhood has seen a slight decline in Sales Prices when compared to 2011 year-end average sales price of 56.58/SF. This is most likely due to the large number (7) of Foreclosures/Short Sales in the neighborhood this quarter.

Market activity in Cypresswood for 2011 shows that 18 Homes sold with an average sales price of $51.10/SF. and an average structure size of 2470/SF. The average home sold at 98% of LP/SP (list price per square foot), with an average time on the market of just over 2 months. There are currently 13 homes pending. Sales information for pending properties will be available once they close.

Cypresswood Home Sales March 2011-March 2012

There are currently 17 homes for sale in Cypresswood with an average asking price of $152,567.. You can search for homes in Cypresswood 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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