Nancy Villareal-Auburn Lakes-April 2021

APRIL 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

Only Exclusively Manned/Gated Neighborhood in Augusta Pines PENDING

PREPARED ESPECIALLY FOR

Johnathan and Angela-Marie Williams

9 Pleasant Shadows Drive | 6 Beds, 5 Full Baths, 2 Half Baths 8,760 Est. Sq. Ft. | 26,550 Lot Sq. Ft. | $2,395,000

Zillow Review — Jan., 2021 “Experienced and very helpful through the whole sales process of our home. Ruben did a great job in helping us find a constructor to update our 40-year-old home for sale at an attractive price with multiple offers within a few days of listing the property.”

PRESENTED BY

MARKET REPORT

Auburn Lakes | Auburn Lakes estates

Call Us Today: 713-557-7095

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.

REALTORS® and NEIGHBORS Sold@RubenandNancy.com www.AuburnLakesLiving.com

HOMES CURRENTLY LISTED IN YOUR AREA

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2021

STATUS

STREET NAME

Active Active

Montay Bay Drive Pennwell Drive

EST. SQ. FT. *

BEDS

BATHS

LIST PRICE

LIST MONTH

3,900 5,100

5 5

3.1 5.1

$480,000 $940,000

January March

SUBDIVISION Auburn Lakes Reserve Auburn Lakes Estates

HOMES CURRENTLY PENDING IN YOUR AREA

2 0 2 1 R E A L E S TA T E P R E D I C T I O NS

STATUS

STREET NAME

EST. SQ. FT. *

BEDS

BATHS

LIST PRICE

LIST MONTH

Pending

Pelham Chase Drive

3,700

4

3.1

$465,000

February

Auburn Lakes Retreat

SUBDIVISION

Pending

Carrick Bend Drive

4,300

4

3.1

$489,900

February

Auburn Lakes Retreat

Pending

Amber Mills Drive

3,700

4

4.0

$539,000

February

Auburn Lakes Retreat

Pending

Titan Springs Drive

4,300

5

4.0

$627,500

January

Auburn Lakes Retreat

HOMES SOLD SINCE NOVEMBER 1ST, 2020

How Vaccines, Current Administration, and More Could Shape Housing Trends STATUS STREET NAME

EST. SQ. FT. *

BEDS

BATHS

LIST PRICE

SOLD PRICE

Sold Sold

Thorton Knolls Drive Emerald Manor Lane

4,000 4,600

4 5

4.1 4.1

$700,000 $1,100,000

$675,000 $1,050,000

SOLD MONTH SUBDIVISION February February

Auburn Lakes Estates Auburn Lakes Estates

Mortgage Rates Will Stay Low...ish

Home Prices Will Keep Rising

Most experts expect mortgage rates to stay low for quite a while – through 2021 and beyond.

The start of the year should see some steep increases, and growth will slow once vaccines reach the general public.

Sold Sold

Green Gable Manor Shaded Springs Lane

5,800 2,800

4 4

4.2 2.1

$1,195,000 $329,000

$1,195,000 $320,000

November November

Auburn Lakes Estates Auburn Lakes Reserve

Sold Sold

Honeycrest Lane Northcrest Drive

3,400 2,700

4 3

3.1 2.1

$364,900 $399,000

$366,000 $388,850

December December

Auburn Lakes Reserve Auburn Lakes Reserve

Competition Will Calm Unless a Housing Tax Credit is Passed

The Suburbs Will Continue Their Hot Streak

Sold Sold

Doyle Sands Court Amber Mills Drive

3,300 3,000

4 3

3.1 2.1

$485,000 $430,000

$474,000 $415,000

February November

Auburn Lakes Reserve Auburn Lakes Retreat

The number of for-sale listings should increase through most of 2021. If the Tax Credit passes, it could ramp up competition.

The flexibility people now enjoy through working remotely is contributing to migration patterns, as well as the desire for more space.

Sold Sold

Pelham Chase Drive Carrick Bend Drive

3,300 4,200

4 5

3.1 3.1

$449,999 $450,000

$435,000 $457,500

February December

Auburn Lakes Retreat Auburn Lakes Retreat

Sold Sold

Auburn Sands Drive Summer Chase Drive

3,700 3,400

4 4

3.2 3.2

$514,000 $540,000

$514,000 $535,000

February March

Auburn Lakes Retreat Auburn Lakes Retreat

Homes Will Get Bigger With More Health-Related Amenities

Foreclosures Will Jump, but Not as Much as You Might Expect

Sold Sold

Fleming Meadow Titan Springs Drive

4,600 5,000

4 5

3.1 3.1

$578,000 $650,000

$560,000 $650,000

December March

Auburn Lakes Retreat Auburn Lakes Retreat

Sold

Heritage Maple Drive

4,900

5

4.1

$674,990

$665,000

November

Auburn Lakes Retreat

People want more space. Consumers want larger and more efficient housing. Interest around saving money will grow.

Historically low rates, strong demand, and surge in urban and suburban migration ensure homeowners can more easily sell.

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 November 1st, 2020 and March 16th, 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, 2021 is on track to be another record-setting year. With still historically low interest rates, an increase in homebuilding, strong demand, and low inventory, now is the time to sell! Call us today at 713-557-7095 for a free consultation.

Published by Aly J. Yale on December 28th, 2020 on money.com

AVG. ACTIVE LIST PRICE

$710,000

AVG. SOLD PRICE

$580,023

15

98%

23

Total Homes Sold

Avg. SP/LP Ratio

Avg. Days on Market