Boom-town again; Who’s moving to Houston and how will that affect your home’s market value?

Boom-town again; Who’s moving to Houston and how will that affect your home’s market value?

 

 

 

Spring is upon us! The beginning of 2017 has proven to have a busy start. The real estate market is back in full force from the holidays and it seems like it will only continue to boom!

“DESPITE FLAGGING OIL PRICES, 2016 broke Houston’s record for the most real estate sales in a year, with transactions peaking significantly in the final two months of the year, according to the Houston Association of Realtors. Unsurprisingly, River Oaks, The Woodlands and Memorial were the tony neighborhoods that have seen the most expensive homes change hands, with sales figures ranging from $5 to $10 million. Yup, location really is everything, as the most expensive homes sold varied in size, age and style. Flip through the slideshow to peak inside the largest residential sales of 2016.” 

buckingham drive back

 527 Buckingham Dr., Houston, TX 77024

 

tielway

 59 Tiel Way, Houston, TX 77019

 

del monte dr

 3725 Del Monte Dr., Houston, TX 77019 

 

 

Houston’s 10 Most Expensive Homes of 2016

 

“Think everyone's moving to Texas? You're right. A new report from the Texas Association of Realtors says that the Lone Star State ranked second in the nation for relocation activity in 2015, behind only Florida. 

Texas experienced a net gain of 107,689 out-of-state residents in 2015, a 4 percent increase from 2014, says the report.”

‘“The diverse job opportunities and high quality of life in Texas continue to drive in-state and out-of-state migration to Texas cities and counties, both big and small,” says Vicki Fullerton, 2017 chairman of the association, in a release. “This is the third consecutive year that Texas has gained more than 500,000 new residents from out of state.”’

houston freeway

 Top five Texas metros moving to Houston:

1. Dallas- Fort Worth/Arlington

2. Austin- Round Rock

3. San Antonio- New Braunfels

4. College Station- Bryan

5. Beaumont- Port Arthur

Top five out-of-state metros moving to Houston:

1. Los Angeles

2. New York

3. Chicago

4. Washington, D.C.

5. Miami

 

 

 

 

Call Perdomo Properties if you are considering a move – we will help determine if now is the right time- no obligation! 

Office: 713.465.8300

Fax: 713.465.8301

Perdomoproperties.com

13120 Memorial Drive, Houston, TX 77079

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 Sources:

Culture Map Houston

Houstonia 

 

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