Q1 2012 Market Update: Spring Lakes in Spring Texas

Spring Lakes subdivision is located in Spring Texas. East of I-45, Louetta to Lexington.

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

This Gated Community feature a 6 acre park with walking trails, 3 lakes, 2 swimming pools, Playground, Sand Volleyball and Tennis courts

Spring Lakes is in the Spring School district and feeds to the following schools: Elementary: Slayers Middle: Twin Creeks High: Spring

Spring Lakes Tax rate is 3.44%. Home Owner Association dues are $815. Annually

Location, gated access and numerous gorgeous lakes are only a few of the many reasons, this neighborhood remains desirable. The neighborhood saw a nice increase in sales pricing for the first quarter of 2012, up nearly 8% when compared to 2011 year end average sales price of $62.80/SF.

Market activity in Spring Lakes for the first quarter of 2012 shows that 7 Homes sold with an average sales price of $67.40/SF. and an average structure size of 2801/SF. The average home sold at 98% of LP/SP (list price per square foot), with an average time on the market of just under 3 months. There are currently 10 homes pending. Sales information for pending properties will be available once they close.

Spring Lakes Home Sales March 2011-March 2012

There are currently 16 homes for sale in Spring Lakes with an average asking price of $198.930. You can search for homes in Spring Lakes 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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