Posted by Heather -Tx on January 09, 2003 at 19:52:10:
Yep I do think it is at the topping out time here in sagemont. I just hate watching people still think they can get over market price… and believe it month after month after month of being vacant… but hey they have my card! LOL
And YEah I’ve gotten a few calls from the compaq area… people selling and downsizing because of the merger. Along with Enron, Energy companies here in town are starting to see trouble, and All the layoffs…
It’s going to be harder to move houses I think… not impossible but a bit harder than the last few years… but on the upside… Foreclosures should have a Nice Rise I’m planning on watching those very close.
I’m still a newbie, but I have always been one to keep my eyes open to the changes going on around me, hopefully this will come in Very handy in this business
Heather-Tx
PS Closed on TimberHills Tuesday of this week. Rehabbing starts this coming week. Will post the numbers and all after rehab and reselling is all done along with before and after pics.
hello every one… this post is specifically targeted to the houston area real estate opportunities… i would like to know what Areas of town will be the “next big thing” apprecitaion and resale wise… are there still opportunities in the heights, lower montrose, west side of downtown around w. gray. or are these areas maxxed out?
what about U of H & TSU areas? what about just north of downtown between 45 and 59… are there opportunities on the east side of town in galena park or channelview…
i’ve seen appreciation in channelview grow at 10-15 per year in some subdivisions, la porte and deer park have increased well over the last couple of years … will spring branch be the next heights/ montrose ?
what neighborhoods do you see growth and opportunities in our fair city and surrounding areas…
Posted by james b on January 12, 2003 at 09:29:46:
I have a friend who lives up north near me in Chicago but his company sends him to Houston each week for his work (he is a consultant). I want to relocate there (Houston) myself. I have read and heard that Houston has some of the lowest overall real estate prices for a big city (In comparison to Chicago, L.A., or San Diego). That is the reason that I want to move there, because of the low cost of living. Is this true? I know my question isn’t directly related to what your ques. is, but I am curious.
james b
Posted by Heather -Tx on January 09, 2003 at 19:05:56:
If this economy keeps up, I bet it will be anything thats sub 100 K LOL Seems I have been talking to quite a few that are actually downsizing due to not being able to afford their payments anymore. I know the IT Field has TONS of unemployed, and many other fields I’m sure too.
I don’t know if it’s just me or not, but houses sure seem to be sitting for sale longer in the last couple months. In my neighborhood (sagemont) Prices were growing at a nice rate also, and houses moving like hotcakes! “Were” being the keyword from what I’ve seen. I’ve watched 3 sit for going on 4 months or more now, and the owners are still asking full price or very near. I wish them luck, and hope they get it… it just won’t be from me
Wait… I Think I think I hijacked your thread Troy LOL Sorry!
I think the U of H area between 288 and 45 has some great upside potential, as does the area north of I-10 betwen 45 and 59, im actively investing in both.
i know that there are very many properties for sale along 1960, west of 45…compaq related? i don’t know…
p.s. sagemont has 29 active listings , the least expensive is $67500 the highest is $135000…
sagemont is one of those subdivisions which has seen substantial resale value increases over the last 3 years , correct? maybe it’s maxxed out?
from what i’ve seen ,shoreacres, seabrook, kemah and bacliff has seen little to no appreciation in the last couple of years… league city and webster have done pretty good…
how did your timber hills deal work out?
would you ever get involved around TSU or U of H?
