APRIL 2020
RE/MAX Integrity | 19510 Kuykendahl Road Spring, TX 77379 | 281-370-5100
REAL ESTATE
Auburn Lakes www.AuburnLakesLiving.com
MARKET REPORT
713-557-7095
REALTORS® and NEIGHBORS
your auburn lakes dream home Presented by Ruben and Nancy Villarreal
PREPARED ESPECIALLY FOR 1810 Elk River Road | 5 Beds, 5.0 Baths | 4,133 Est. Sq. Ft. | Offered at $459,000
3618 Cedar Glen Lane | 5 Beds, 3.1 Baths | 3,505 Est. Sq. Ft | Offered at $325,000
Johnathan and Angela-Marie Williams
PENDING
203 Magic Oaks Drive | 4 Beds, 2.1 Baths | 2,453 Est. Sq. Ft. | Offered at $210,000
24903 Waterstone Estates | 5 Beds, 5.1 Baths | 5,587 Est. Sq. Ft | Offered at $679,500
Johnathan and Angela-Marie,
Would you like to schedule a viewing to see if one of these spectacular homes is your future home? We have the influence and ability to make your investment dreams a reality! Call us today at 713.557.7095.
PRESENTED BY
MARKET REPORT
Auburn Lakes | Auburn Lakes estates
Call Us Today: 713-557-7095
REALTORS® and NEIGHBORS Sold@RubenandNancy.com www.AuburnLakesLiving.com
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020
HOMES CURRENTLY LISTED IN YOUR AREA STATUS
STREET NAME
EST. SQ. FT. *
BEDS
BATHS
LIST PRICE
LIST MONTH
Active Active
Brock Meadow Drive Brock Meadow Drive
3,100 3,100
4 4
3.1 3.0
$335,000 $340,000
January January
Auburn Lakes Estates Auburn Lakes Estates
Active
Maple Allee Drive Northcrest Drive
3,600 4,200
4 4
3.1 3.1
$425,000 $499,000
January February
Auburn Lakes Estates Auburn Lakes Reserve
Firebrook Court Auburn Mills Drive
4,200 4,600
4 4
3.1 3.1
$555,000 $569,000
February November
Auburn Lakes Reserve Auburn Lakes Reserve
Russet Springs Lane Thorton Knolls Drive
4,700 4,000
4 4
3.1 4.1
$599,900 $749,900
February November
Auburn Lakes Reserve Auburn Lakes Reserve
Emerald Manor Lane Pearl Crest Lane
5,100 5,100
5 4
5.1 4.2
$1,050,000 $1,150,000
January December
Auburn Lakes Reserve Auburn Lakes Retreat
Active Active Active Active
Visit Our Website at www.AuburnLakesLiving.com
Active Active Active
2020 Real Estate Trends What You Need to Know
Home Prices Are Still Rising Slowly Home prices grew slower in 2019 than 2018 and this year seems like it will be no different. Experts predict that home prices will rise 2.8% in 2020, so you’ll likely see home prices continue to creep up. What This Means for Sellers: A nice profit may be on the horizon! Be aware of your competition. You want your home to really stand out from others—I can help!
Mortgage Interest Rates Are Dropping (for Now) Mortgage rates have been going down in 2019—steadily dropping below 4% for common types of loans. In 2020, economists believe rates will stay around 3.7% for a 30-year mortgage and 3.2% for a 15-year mortgage. What This Means for Sellers: Buyers will be more motivated to buy your home. An experienced real estate agent can help you set expectations.
SUBDIVISION
HOMES CURRENTLY PENDING IN YOUR AREA STATUS
STREET NAME
EST. SQ. FT. *
BEDS
BATHS
LIST PRICE
LIST MONTH
Pending
Honeycrest Lane
3,300
5
3.1
$330,000
December
Auburn Lakes Reserve
SUBDIVISION
Pending
Brock Meadow Drive
2,800
4
2.1
$335,000
January
Auburn Lakes Reserve
Pending
Hillside Meadow
4,000
4
3.1
$525,000
January
Auburn Lakes Reserve
Pending
Heritage Maple Drive
4,600
5
4.1
$585,000
February
Auburn Lakes Retreat
Pending
Titan Springs Drive
4,500
4
3.1
$648,000
January
Auburn Lakes Retreat
HOMES SOLD SINCE NOVEMBER 1ST, 2019 STATUS STREET NAME
EST. SQ. FT. *
BEDS
BATHS
LIST PRICE
SOLD PRICE
Sold Sold
Emerald Manor Lane Lawson Knoll Drive
4,000 2,700
4 4
3.1 2.1
$865,000 $310,000
$860,000 $275,500
SOLD MONTH SUBDIVISION February December
Auburn Lakes Estates Auburn Lakes Reserve
Sold Sold
Nichilo Drive Pine Arrow Court
3,000 3,200
4 4
2.1 3.1
$330,000 $380,000
$330,000 $370,000
January February
Auburn Lakes Reserve Auburn Lakes Reserve
Sold Sold
Northcrest Drive Genesse Valley Drive
2,700 3,900
3 4
2.1 4.0
$417,900 $410,000
$405,000 $385,000
January November
Auburn Lakes Reserve Auburn Lakes Retreat
Sold Sold
Fleming Meadow Auburn Sands Drive
4,700 3,700
5 4
4.0 3.2
$448,700 $479,000
$427,500 $479,000
January March
Auburn Lakes Retreat Auburn Lakes Retreat
Sold Sold
Crimson Grove Drive Carrick Bend Drive
4,400 4,500
4 5
3.1 4.0
$549,000 $559,900
$535,000 $550,000
February December
Auburn Lakes Retreat Auburn Lakes Retreat
Ruben & Nancy Villarreal, The Villarreal Team, and RE/MAX Integrity are not in any way affiliated with Auburn Lakes Owners Association, nor is this in any way an official advertisement or publication of Auburn Lakes. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the HARMLS between November 1st, 2019 and March 9th, 2020. Listings and sales may not be those of RE/MAX Integrity. The HARMLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet rounded down to nearest hundred.
The Majority of Home Buyers are Still Millenials Once again, milennials took the lead as the largest group (37%) of home buyers last year.
Source: https://www.daveramsey.com/blog/real-estate-trends
What This Means for Sellers: Know your buyer! Upgrade your online listing, highlight perks over size, and know popular features. Utilizing an expert real estate agent can help you prioritize key aspects to entice the right buyers.
johnathan and angela-marie,
Take advantage of the current trends by partnering with your community experts. Let us help you achieve your goals this year! Call us today at 713.557.7095.
Auburn Lakes | Auburn Lakes Estates | Current Market Statistics AVG. ACTIVE LIST PRICE
$627,280
AVG. SOLD PRICE
$461,700
10
97%
119
Total Homes Sold
Avg. SP/LP Ratio
Avg. Days on Market