November 2012 MLS Update

Posted on December 19, 2012 by Sandcastle Homes

November marks another flourishing month for the housing industry in Houston, Texas. According to the Houston Association of Realtors, November 2012 is the 18th consecutive month of positive home sales. The average price of a single-family home rose 10.5%, year-over-year, to $228,275—this is the highest level for a November month in Houston. In addition to increased pricing, Houston’s inventory dropped to 4.1 months compared to 6.2 months in 2011. This inventory drop is the lowest level recorded since December 2000 is lower than the national inventory average of 5.4 months.

From the foregoing, it is clear the housing industry in Houston is thriving and will likely continue to do so.

Read the complete press release from the Houston Association of Realtors here!

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Houston reamins in top 5 cities of economic health index

Posted on November 13, 2012 by Sandcastle Homes

According to the Houston Business Journal, Houston remains amongst the top five cities for economic health of major metropolitan areas. Houston is one of nine markets to have seen home prices increase over the past five years, appreciating 5.82%.

Cities that ranked in the top five of the Business Journal’s numbers on economic index include Oklahoma City, followed by Austin, Tulsa, Houston, and Omaha.

The Business Journal ranked San Antonio 10th on the list and Dallas took the 17th spot.

To learn more about the Business Journal’s economic index, please view: http://www.bizjournals.com/houston/news/2012/11/12/houston-stays-in-top-5-in-economic.html

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Cottage Grove- 1 HOME LEFT!

Posted on October 22, 2012 by Sandcastle Homes

Sandcastle Homes has 1 home left in one of Houston’s most desired inner-loop neighborhoods, Cottage Grove!

Our last home currently available is our newest floor plan, the Bordeaux. This freestanding, 2-story home is conveniently located off of Larkin Street; the home will be ready for a January move-in date.

The Bordeaux includes an open kitchen overlooking the living room, a private dining room, spacious game room, luxurious Master suite, and a jack-and-jill bathroom adjoining the two secondary bedrooms.

Hurry, before it’s too late!

MLS Listing #31366687: 5307B Larkin- $314,900

For more information, visit our website: http://www.SandcastleHouston.com

 

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June 2012 Affirms Positive Housing Market

Posted on July 20, 2012 by Sandcastle Homes

According to the Houston Association of Realtors, June 2012 marks the 13th consecutive month of positive home sales. The average price of a single-family home averages $236,656 in June 2012- a 4.6% increase from June 2011. In addition, the median price of single-family homes rose 6.9%, averaging a record high $171,000.

The Houston housing market remains strong; the consistent positive home sales statistics show the market is continually improving.

 

Click here to read the full report!

 

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Houston Market Continues to Climb in Houston!

Posted on May 17, 2012 by Sandcastle Homes

The Houston Association of Realtors reported that compared to last year single-family home sales rose 9.6% in April 2012. This marks the 11th straight month of sales that exceed the same month a year ago.
 

The positive news should come as no surprise. The Houston economy has been consistently strengthening. It should also be noted that over the past year Houston added 96,000 jobs. 

Watch the full HAR Market Update for April 2012 here!

 

Learn more about Sandcastle Homes on our website: www.SandcastleHouston.com

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The New Year starts positive for Houston!

Posted on February 21, 2012 by Sandcastle Homes

Housing statistics from January 2012 show clear indication that the Houston housing market is continuing to excel and flourish amidst the recovery of the housing downturn.  According to the Houston Association of Realtors (HAR), January 2012 marks the eighth consecutive month of increased home sales. Single-family home sales rose 9.2% this January compared to January 2011 and the cost of single-family homes rose .9%. So far, this year has showed signs of a healthy housing market in Houston.

View the full report here: http://www.youtube.com/hartv#p/c/1BF5ADCF9746247D

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Houston Housing Market Up Again!

Posted on December 20, 2011 by Sandcastle Homes

There is great news for the Houston housing market as we soon approach a new year. November 2011 marks the sixth consecutive month for an increase in home sales in the Houston-area.

 According to Carlos Bujosa, Chariman of the Houston Association of Realtors,: The November report contains a lot of positive data that suggests the Houston real estate market is wrapping up 2011 on solid footing.

With the consecutive positive statistics of the Houston-area Real Estate market, it is looks as though 2012 should be a very promising year.

HAR MLS Update for November 2011

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October 2011: Fifth Consecutive Month of Positive Home Sales in Houston

Posted on November 16, 2011 by Sandcastle Homes

Real Estate in Houston continues to show enduring growth!

According to the Houston Association of Realtors, October 2011 marks the 5th consecutive month of positive home sales in Houston. Along with positive home sales, the average cost for a single family home rose 1.1% compared to last October, marking the highest level for an October in Houston history.

HAR also reported that Houston’s 6.6 months inventory of single-family homes is the lowest level since April 2010 and compares favorably to the national average of 8.5 months.

The positive news is encouraging for Houstonians. With mortgage rates at their all time low and a stable Real Estate market, many are finding it the perfect time to purchase a home.

http://www.harconnect.com/2011/11/16/october-marks-the-houston-areas-fifth-consecutive-month-of-positive-home-sales/

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30-year mortgage rate falls to record low 3.94 percent

Posted on October 6, 2011 by Sandcastle Homes

If you are in the market to buy a new home in the near future, or even need to refinance your home. The time is now. 

The Associated Press reported: The average rate on the 30-year fixed mortgage fell to 3.94 percent this week, the lowest rate ever. For those who can qualify, it’s an extraordinary opportunity to buy or refinance

In addition to the 30-year fixed mortgage rate, the average rate on a 15-year fixed loan dropped to a record low of 3.26 percent.

These record low mortgage rates make this an ideal time to purchase or refinance your home. If you need to refinance your home and get a lower rate, you pay less interest on your loan and in turn will have more money to spend.

For those who have been unsure about purchasing a home, this could be the vital factor to relieve any uncertainty.

Visit us on our website: www.SandcastleHouston.com

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Buyer Incentive On New Homes Inside-The-Loop!

Posted on May 18, 2011 by Sandcastle Homes

Sandcastle Homes is offering a generous incentive package on three of our completed homes! Two of the homes, 1511 W 14th St and 1426A Nashua, are located in one of Houston’s most sought out areas: The Heights! The other home is located in the gated community of Timbergrove Gardens. All three homes are centrally located inside-the-loop and are minutes from downtown, Memorial Park, Washington Ave., and much more!

1511 W 14th St, $279,900. Our Coronado plan has a huge kitchen that overlooks the dining room and the private breakfast area. This home also has a gated garden in front of the home!

1426A Nashua, $289,900. The Barcelona floor plan has been a top seller of Sandcastle Homes for years! This floor plan has a beautiful fireplace, a breakfast area surrounded by bay windows, and an over-sized Master suite.

1733 West T.C. Jester, $289,900.  The open Florence floor plan is great for entertaining. Through the kitchen is direct access to the backyard- a great place to outdoor cooking. This home also has a very large game room upstairs.


If you purchase one of the homes, you will receive a $10,000 buyer incentive!

Use this money towards your closing costs, upgrades, appliances, blinds, window treatments, an audio package, or even a flat screen television! 

 

Please contact us if you have any questions about our new, limited time offer:
-Mike Salomon, President: (713) 298-9489 mrsalomon@sbcglobal.net

Visit our website to learn more about Sandcastle Homes: www.SandcastleHouston.com

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