Q1 2012 Market Update: Memorial Northwest in Spring Texas

Memorial Northwest subdivision is located in Spring Texas.West of I-45 and connected via Louetta Road at Champion Forest Drive

Residents can easily access downtown Houston, Bush Intercontinental Airport, shopping, entertainment, and sports venues.
Community Amenities include a community center, 12 tennis courts, An Olympic size swimming pool and Fitness center.

Community sponsored events include annual children’s Easter Egg Hunt, Memorial Day Swim event, 4th of July Parade, Labor Day event, Breakfast with Santa, and New Year’s Eve Party. Community activities and organizations include a community swim team, His and Her Tennis Leagues, Private Tennis lessons and more.

Memorial Northwest is in the Klein School district and feeds to the following schools: Elementary: Theiss Middle: Doerre High: Klein

Memorial Northwest Tax rate is one of the lowest in Spring at 2.48%. Home Owner Association (HOA) Dues are $400 annually.

The tax rate, School district and location are only 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 $54.47/SF. This is most likely due to the large number (6) of Foreclosures in the neighborhood this quarter.

Market activity in Memorial Northwest for 2011 shows that 20 homes sold with an average sales price of $51.79/SF. and an average structure size of 4145/SF. The average home sold at 97% of LP/SP (list price per square foot), with an average time on the market of just over 2 months. There are currently 8 homes pending. Sales information for pending properties will be available once they close.

Memorial Northwest Home Sales March 2011-March 2012

There are currently 44 homes for sale in Memorial Northwest, with an average asking price of $249,363. You can search for homes in Memorial Northwest 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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