OCTOBER 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
This home truly has it all! 24702 SHADOW POND DRIVE | 5 (6) BEDS, 5 FULL BATHS, 2 HALF BATHS 6,108 EST. SQ. FT. | 39,147 EST. SQ. FT. LOT | OFFERED AT $1,399,000
PREPARED ESPECIALLY FOR
Johnathan and Angela-Marie Williams
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 in your local market, contact Nancy and Ruben today to create a safe and effective plan that works for you and your family.
713-557-7095 | Sold@RubenandNancy.com
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. 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.
HOMES CURRENTLY LISTED IN YOUR AREA
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020
STATUS
STREET NAME
EST. SQ. FT. *
BEDS
BATHS
LIST PRICE
LIST MONTH
Active Active
Thorton Knolls Drive Thorton Knolls Drive
4,000 5,200
4 4
4.1 4.1
$700,000 $929,000
November September
Auburn Lake Estates Auburn Lake Estates
Active Active
Pennwell Drive Green Gable Manor
5,100 5,800
5 4
5.1 4.2
$940,000 $1,195,000
September July
Auburn Lake Estates Auburn Lake Estates
Active Active
Brock Meadow Drive Gaddis Oaks Drive
3,100 3,500
4 5
2.1 3.1
$332,500 $390,000
May September
Auburn Lakes Reserve Auburn Lakes Reserve
Active Active
Amber Mills Drive Fleming Meadow
3,000 4,600
3 4
2.1 3.1
$430,000 $588,000
August August
Auburn Lakes Retreat Auburn Lakes Retreat
THIRD QUARTER
REAL ESTATE TRENDS Home Prices are Holding Up
Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.
SUBDIVISION
HOMES CURRENTLY PENDING IN YOUR AREA Paperless Mortgage Process
The industry has moved to a completely digital process with breathtaking speed. Shopping for More loans are likely Homes is Virtual to close quickly. Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors Millennials are are investing in Starting to Buy technology. Millennials want to buy homes and are poised to jump into the market. Some foresee a boom in home buying in the coming years.
Low Rates are Here to Stay
Many economists expect rates to remain low and possibly trend lower. This increases buyer’s purchasing power and drives up prices.
Migration to the Suburbs
Strong buyer interest has shifted to suburban neighborhoods. Densely populated city centers are reporting tepid activity.
STATUS
STREET NAME
EST. SQ. FT. *
BEDS
BATHS
LIST PRICE
Pending Pending
Auburn Bend Drive
3,200
4
3.1
$345,000
July
Auburn Lakes Reserve
Gaddis Oaks Drive
3,900
4
3.1
$475,000
June
Auburn Lakes Reserve
SUBDIVISION
HOMES SOLD SINCE JUNE 1ST, 2020 STATUS STREET NAME
EST. SQ. FT. *
BEDS
BATHS
LIST PRICE
SOLD PRICE
Sold Sold
Antique Cedar Lane Brock Meadow Drive
4,400 3,100
5 4
4.1 3.0
$625,000 $330,000
$627,500 $321,000
July June
Auburn Lakes Estates Auburn Lakes Reserve
Sold Sold
Nichilo Drive Lawson Knoll Drive
3,600 3,500
4 4
3.1 3.1
$419,900 $468,000
$415,000 $468,000
July September
Auburn Lakes Reserve Auburn Lakes Reserve
Sold Sold
Northcrest Drive Carrick Bend Drive
4,200 3,100
4 4
3.1 3.0
$489,000 $450,000
$468,000 $442,875
July June
Auburn Lakes Reserve Auburn Lakes Retreat
Sold Sold
Carrick Bend Drive Firebrook Court
4,300 4,200
4 5
3.1 4.0
$460,000 $500,000
$450,000 $505,000
June June
Auburn Lakes Retreat Auburn Lakes Retreat
Sold Sold
Firebrook Court Summer Chase Drive
4,200 4,100
4 5
3.1 3.1
$540,000 $550,000
$540,000 $545,000
July July
Auburn Lakes Retreat Auburn Lakes Retreat
Sold Sold
Auburn Mills Drive Genesse Valley Drive
4,600 4,300
4 4
3.1 3.1
$559,000 $550,000
$545,000 $551,000
June August
Auburn Lakes Retreat Auburn Lakes Retreat
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. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the HARMLS between June 1st, 2020 and September 15th, 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
$688,063
AVG. SOLD PRICE
$489,865
JOHNATHAN AND ANGELA-MARIE, Now is the time to take advantage of the unique market! Call us today at 713-557-7095.
LIST MONTH
12
99%
84
Total Homes Sold
Avg. SP/LP Ratio
Avg. Days on Market