Q1 2012 Market Update: Ponderosa Forest in Northwest Houston, Texas

Ponderosa Forest subdivision is located in Northwest Houston Texas.(77090). Just west of I-45 and off 1960 at Ella, Butte Creek or Sugar Pine Road.

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

There are 1314 Homes in Ponderosa Forest. Community Amenities include a Park with a playground and a neighborhood YMCA that has a swimming pool, play equipment and sand volleyball

Community sponsored events include an annual Easter Festival,  July 4th Celebration and parade, National Night Out,  annual fun run, Bingo nights, Fall Festival, evening with Santa and more. Community activities and organizations include a community swim team, a garden club, Senior group, civic association and others

Ponderosa Forest is in the Spring School district and feeds to the following schools: Elementary: Ponderosa Middle: Bammel High: Westfield

Ponderosa Forest Tax rate is one of the lowest in the area at 2.47%. HOA fees are $435.00 annually

Tax rates, large lots and location are a few reasons why this neighborhood remains desirable; and sales pricing has seen little change when compared with 2011 year-end average sales price of $42.86/SF.

Market activity in Ponderosa Forest for Q1 2012 shows that 18 Homes sold with an average sales price of $42.18/SF. and an average structure size of 3010/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 12 homes pending. Sales information for pending properties will be available once they close.

Ponderosa Forest Home Sales March 2011-March 2012

There are currently 38 homes for sale in ponderosa Forest with an average asking price of $151,690. You can search for homes in Ponderosa 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

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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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