JUNE 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
The Selling Frenzy Is Coming! NOW IS THE TIME TO GET YOUR HOME READY TO SELL!
PREPARED ESPECIALLY FOR
Johnathan and Angela-Marie Williams MARKET FACTORS Prior to COVID-19, the housing market showed signs of a hot spring season. The pre-pandemic market strength gives many experts hope that losses are temporary. The comeback is expected to be quick. With historically low interest rates, home buyers and investors will start buying at the first signs of normality. This will only delay spring purchasing, setting the stage for a frenzy by July.
RESILIENCE During four of the last five recessions, home prices continued to increase. The only exception was in 2008; however, this was triggered by real estate itself. While the housing crisis is still fresh on our minds, the U.S. housing market has weathered all other recessions since 1980. Traditionally, the housing market actually aids the economy in recovering from recessions.
ALWAYS ESSENTIAL What separates the stability of the housing market from other economic indicators like the stock market? It comes down to need. People will always need a place to live. After regulations lift, there will certainly be hesitant buyers, but there will also be those patiently waiting to enter the market and take advantage of low interest rates. Life itself is not paused, and large life events haven’t stopped.
Johnathan and Angela-Marie, Timing is critical to take advantage of the coming market. Waiting until summer will be too late - it’s important to stand out. Call us today to help get your home ready; it’s what we do best! 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
Thorton Knolls Drive Brock Meadow Drive
4,000 3,100
4 4
4.1 3.0
$749,900 $330,000
November March
Auburn Lakes Estates Auburn Lakes Reserve
Active
Brock Meadow Drive Nichilo Drive
3,100 3,600
4 4
2.1 3.1
$335,000 $419,900
May March
Auburn Lakes Reserve Auburn Lakes Reserve
Active
Lawson Knoll Drive Northcrest Drive
3,500 4,200
4 4
3.1 3.1
$482,000 $489,000
May February
Auburn Lakes Reserve Auburn Lakes Reserve
Active Active
Carrick Bend Drive Auburn Sands Drive
3,100 4,400
4 5
3.0 4.1
$450,000 $617,000
May April
Auburn Lakes Retreat Auburn Lakes Retreat
Active Active
SUBDIVISION
HOMES CURRENTLY PENDING IN YOUR AREA STATUS
STREET NAME
EST. SQ. FT. *
BEDS
BATHS
LIST PRICE
LIST MONTH
Pending
Summer Chase Drive
3,700
5
3.1
$475,000
May
Auburn Lakes Reserve
SUBDIVISION
Pending
Heritage Maple Drive
4,100
4
3.2
$574,900
March
Auburn Lakes Retreat
HOMES SOLD SINCE MARCH 1ST, 2020
WHEN LIFE
CHANGES,
SO DO YOUR NEEDS. Johnathan and Angela-Marie, Homes are still being bought and sold in the midst of this pandemic. If you need to sell your house and would like to know the current status of your local market, contact us today at 713-557-7095 to create a safe and effective plan that works for you and your family.
STATUS STREET NAME
EST. SQ. FT. *
BEDS
BATHS
LIST PRICE
SOLD PRICE
Sold Sold
Russet Springs Lane Birdseye Maple Lane
4,700 4,400
4 4
3.1 3.1
$589,900 $565,000
$588,000 $550,000
SOLD MONTH SUBDIVISION May May
Auburn Lakes Estates Auburn Lakes Estates
Sold Sold
Shaded Springs Lane Auburn Sands Drive
3,400 3,700
4 4
3.1 3.2
$350,000 $479,000
$350,000 $479,000
March March
Auburn Lakes Estates Auburn Lakes Estates
Sold Sold
Maple Allee Drive Brock Meadow Drive
3,600 2,800
4 4
3.1 3.0
$415,000 $324,900
$395,000 $315,000
April April
Auburn Lakes Reserve Auburn Lakes Reserve
Sold Sold
Hillside Meadow Brock Meadow Drive
4,000 2,800
4 4
3.1 2.1
$525,000 $335,000
$518,000 $325,000
March March
Auburn Lakes Reserve Auburn Lakes Reserve
Sold Sold
Honeycrest Lane Carrick Bend Drive
3,300 3,800
5 4
3.1 3.1
$330,000 $399,000
$320,000 $350,000
March April
Auburn Lakes Reserve Auburn Lakes Retreat
Sold Sold
Heritage Maple Drive W. Titan Springs Drive
4,600 4,500
5 4
4.1 3.1
$585,000 $648,000
$568,000 $610,000
April March
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 March 1st, 2020 and May 21st, 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.
Auburn Lakes | Auburn Lakes Estates | Current Market Statistics AVG. ACTIVE LIST PRICE
$484,100
AVG. SOLD PRICE
$447,333
12
97%
95
Total Homes Sold
Avg. SP/LP Ratio
Avg. Days on Market