Q1 2012 Market Update: Cypresswood Glen Estates in Spring Texas

Cypresswood Glen Estates subdivision is located in Spring Texas. West of I-45 access via Louetta at Cypresswood Glen Drive or Ella Blvd.

Residents have convenient access to shopping, dining, entertainment, and major roads and highways (approx 2.5 miles to I-45).

There are currently 135 Homes in Cypresswood Glen Estates. Community Amenities include a neighborhood park with playground equipment and a swimming pool.

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

Cypresswood Glen Estates Tax rate is 3.03%. HOA fees are approx 550. Annually

Gorgeous oversized homes, location, and school district, 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 prices of $64.95/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. I will note that prices in  the “Estate” section of the neighborhood, seem to have fallen into alignment with its parent neighborhood, Cypresswood Glen. Higher pricing for the Estates section that we have seen in the past, seems to have gone away.

Market activity in Cypresswood Glen Estates the first quarter of 2012 shows that 2 Homes sold with an average sales price of $60.25/SF. and an average structure size of 2970/SF. The average home sold at 99% of LP/SP (list price per square foot), with an average time on the market of just over 1 month. There are currently no homes pending.

Cypresswood Glen Estates Home sales March 2011-March 2012

There are currently 4 homes for sale in Cypresswood Glen Estates with an average asking price of $246,475. You can search for homes in Cypresswood Glen Estates 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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