Nancy Villareal-Auburn Lakes-April 2020

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