FEBRUARY 2021
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
Year-End Review Auburn Lakes | Auburn Lakes estates
Average Sale Price
INCREASED $10,600 since 2019!
Your home’s Unique qualities could make it worth even more!
Johnathan and Angela-Marie, This statistical analysis represents the current market trends for 2020 over 2019 in Auburn Lakes and Auburn Lakes Estates. For an in-depth analysis of your home’s value, call me today at 713-557-7095 for a complimentary evaluation.
98%
PREPARED ESPECIALLY FOR AVERAGE SOLD PRICE TO LIST PRICE RATIO
Low: 87.7% | High: 101.7% Same as Year-End 2019
$494,027
AVERAGE SOLD PRICE
Low: $315,000 | High: $1,195,000 2.2% from Year-End 2019
$126
AVERAGE PRICE PER SQUARE FOOT
Low: $91 | High: $217 $4 per sq. ft. from Year-End 2019
Data based on listings from HARMLS from January 1st to December 31st of 2019 and 2020. Information deemed accurate but not guaranteed.
Johnathan and Angela-Marie Williams
33
AVERAGE DAYS ON MARKET
Low: 0 | High: 117 Reduced by 14 days from Year-End 2019
PRESENTED BY
MARKET REPORT
Auburn Lakes | Auburn Lakes estates
Call Us Today: 713-557-7095
REALTORS® and NEIGHBORS Sold@RubenandNancy.com www.AuburnLakesLiving.com
Johnathan and Angela-Marie, When it comes to selling your home, there is no one-size-fits-all strategy. Whether you’re in the first stages of discovery or you’re ready to put your home on the market today, give us a call at 713-557-7095.
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2021
HOMES CURRENTLY LISTED IN YOUR AREA
2021 Housing Forecast
+7.0% Home sales are going up
Strong demand and more homes hitting the market equal a healthy rate of growth.
+5.7% Home prices will hit new heights
65.9% Homeownership Rate
MORTGAGE RATES ON THE MOVE
THE RISE OF THE MILLENNIALS
by end of 2021
No longer just dominating the entry-level market, millennials are now taking over as “move up” buyers as they have children and need more space.
3.4%
STATUS
STREET NAME
EST. SQ. FT. *
BEDS
BATHS
LIST PRICE
LIST MONTH
Active Active
Pennwell Drive Redwood Terrace Lane
5,100 3,800
5 4
5.1 3.1
$940,000 $530,000
September December
Auburn Lakes Estates Auburn Lakes Reserve
SUBDIVISION
Active
Summer Chase Drive
3,800
4
3.1
$499,900
December
Auburn Lakes Retreat
HOMES CURRENTLY PENDING IN YOUR AREA STATUS
STREET NAME
EST. SQ. FT. *
BEDS
BATHS
LIST PRICE
Pending Pending
LIST MONTH
SUBDIVISION
Emerald Manor Lane
4,600
5
4.1
$1,100,000
December
Auburn Lakes Estates
Doyle Sands Court
3,300
4
3.1
$485,000
November
Auburn Lakes Reserve
HOMES SOLD SINCE SEPTEMBER 1ST, 2020 EST. SQ. FT. *
BEDS
BATHS
LIST PRICE
SOLD PRICE
Sold Sold
Thorton Knolls Drive Green Gable Manor
5,200 5,800
4 4
4.1 4.2
$929,000 $1,195,000
$925,000 $1,195,000
October November
Auburn Lakes Estates Auburn Lakes Estates
Sold Sold
Shaded Springs Lane Auburn Bend Drive
2,800 3,200
4 4
2.1 3.1
$329,000 $345,000
$320,000 $336,000
November September
Auburn Lakes Reserve Auburn Lakes Reserve
Sold Sold
Honeycrest Lane Gaddis Oaks Drive
3,400 3,500
4 5
3.1 3.1
$364,900 $390,000
$366,000 $382,000
December October
Auburn Lakes Reserve Auburn Lakes Reserve
KEY HOUSING TRENDS IN 2021
Sold Sold
Northcrest Drive Lawson Knoll Drive
2,700 3,500
3 4
2.1 3.1
$399,000 $468,000
$388,850 $468,000
December September
Auburn Lakes Reserve Auburn Lakes Reserve
MILLENNIALS AND GEN-Z
Sold Sold
Gaddis Oaks Drive Amber Mills Drive
3,900 3,000
4 3
3.1 2.1
$475,000 $430,000
$475,000 $415,000
October November
Auburn Lakes Reserve Auburn Lakes Retreat
Sold Sold
Carrick Bend Drive Carrick Bend Drive
4,200 4,200
5 5
3.1 3.1
$450,000 $550,000
$457,500 $540,000
December October
Auburn Lakes Retreat Auburn Lakes Retreat
Sold Sold
Fleming Meadow Heritage Maple Drive
4,600 4,900
4 5
3.1 4.1
$578,000 $674,990
$560,000 $665,000
December November
Auburn Lakes Retreat Auburn Lakes Retreat
A recent survey said that lower mortgage rates enabled these buyers to change their home search toward a larger home.
REMOTE WORK
Despite high expectations of returning to the office, remote workers are choosing properties with dedicated office space.
SUBURBAN MIGRATION
Home shoppers are looking for an affordable space to shelter, work, learn, and live and are reporting increases in willingness to have a commute to work.
STATUS STREET NAME
SOLD MONTH SUBDIVISION
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. © 2021 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the HARMLS between September 1st, 2020 and January 20th, 2021. 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.
Auburn Lakes | Auburn Lakes Estates | Current Market Statistics
Johnathan and Angela-Marie, Homes in Auburn Lakes and Auburn Lakes Estates are in high demand! If you are considering a move, call us today at 713-557-7095 to take advantage of these new trends. Published by Danielle Hale, Realtor.com on December 2nd, 2020
AVG. ACTIVE LIST PRICE
$656,633
AVG. SOLD PRICE
$535,239
14
99%
27
Total Homes Sold
Avg. SP/LP Ratio
Avg. Days on Market