Nancy Villareal-Auburn Lakes - July 2022

JULY 2022

RE/MAX Integrity | 19510 Kuykendahl Road Spring, TX 77379 | 281-370-5100

REAL ESTATE

Auburn Lakes

www.AuburnLakesLiving.com

713-557-7095

REALTORS® and NEIGHBORS

GET CURRENT LISTINGS, MARKET ACTIVITY, HOME ASSESSMENTS, AND MORE AT WWW.AUBURNLAKESLIVING.COM

Welcome Home!

Just Listed in Auburn Lakes by The Villarreal Team 25027 KNOB PINES COURT | OFFERED AT $449,900

PREPARED ESPECIALLY FOR

Leonardo and Angelica Washington

4 B E D S | 2.1 BAT H S | 3,000 EST. SQ. FT.

Leonardo and Angelica,

For more information or to schedule a private tour, call the Villarreal Team today!

If you would like your home professionally marketed and featured in our publication, which is mailed to hundreds of potential buyers every month, call us today at 713-557-7095.

PRESENTED BY

MARKET REPORT

MARKET REPORT

Auburn Lakes | Auburn Lakes estates Leonardo and Angelica, Whether you’re buying or selling, you need to know what’s happening in the housing market, so you can make the most informed decision possible. Call us today at 713-557-7095 to discuss your goals and what lies ahead, so you can pick the best time to make a move.

Call Us Today: 713-557-7095

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

HOMES CURRENTLY LISTED IN YOUR AREA

Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2022

How Will Rising Rates Affect Your Sale?

Mortgage rates are rising and have already increased over two percent so far this year, resulting in buyers questioning whether to rush into a purchase now to avoid rates climbing more or waiting in hopes they will fall. With these sudden changes, it’s natural to reflect on how this will impact your own sale.

INTEREST RATES ARE STILL HISTORICALLY LOW

WHAT HAPPENS IF RATES CLIMB FURTHER?

While buyers contemplate their options, it’s important to think about historical context. Rates are still comparatively low when you look at the bigger picture of where rates have been in the last 30 years. Today’s rates still give buyers a window of opportunity to lock in historical rates.

Buyers who are springing into action now are also motivated as they know rates have risen steadily this year, and they’re eager to get ahead of further increases. When rates climb, they impact mortgage payments, likely costing more to purchase if buyers wait.

WHAT ARE EXPERTS SAYING? As inflationary pressure remains, it’s likely to push mortgage rates even higher in the coming months, though moderately. Experts recommend that if buyers are financially secure, they should continue looking for a home now.

STATUS

STREET NAME

EST. SQ. FT. *

BEDS

BATHS

LIST PRICE

LIST MONTH

SUBDIVISION

Active

Pennwell Drive

3,600

4

3.0

$949,000

June

Auburn Lakes Estates

Active

Northcrest Drive

4,400

5

3.1

$662,500

May

Auburn Lakes Reserve

HOMES CURRENTLY PENDING IN YOUR AREA STATUS

STREET NAME

EST. SQ. FT. *

BEDS

BATHS

LIST PRICE

LIST MONTH

Pending Pending Pending

Pennwell Drive

5,300

4

4.1

$1,500,000

May

Auburn Lakes Estates

Brock Meadow Drive

3,300

4

3.1

$515,000

May

Auburn Lakes Reserve

Auburn Bend Drive

4,200

4

3.1

$675,000

April

Auburn Lakes Retreat

HOMES RECENTLY SOLD IN YOUR AREA STATUS

BATHS

LIST PRICE

SOLD PRICE

SOLD MONTH

SUBDIVISION

Sold

STREET NAME Thorton Knolls Drive

EST. SQ. FT. * BEDS 4,700

4

3.2

$875,000

$875,000

March

Auburn Lakes Estates

Sold

Delaney Knoll

4,300

4

4.1

$1,045,000

$1,100,000

March

Auburn Lakes Estates

Sold

Pearl Crest Drive

5,000

5

5.1

$1,185,000

$1,150,000

March

Auburn Lakes Estates

Sold

Honeycrest Lane

3,300

4

3.1

$485,000

$494,500

April

Auburn Lakes Reserve

Sold

Pine Arrow Court

2,600

3

2.0

$368,000

$408,000

March

Auburn Lakes Reserve

Sold

Pine Arrow Court

3,200

4

3.1

$495,000

$515,000

March

Auburn Lakes Reserve

Sold

Pine Reserve Drive

4,800

5

3.1

$585,000

$585,000

March

Auburn Lakes Reserve

Sold

Russet Springs Lane

4,200

4

3.1

$675,000

$740,000

April

Auburn Lakes Retreat

Sold

Adrienne Arbor Drive

3,300

5

4.1

$498,000

$500,000

March

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. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the HARMLS between March 1st and June 8th, 2022. 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 YEAR-TO-DATE

NUMBER OF HOMES SOLD

Leonardo and Angelica, Take advantage of the still historic interest rates; NOW is the time to sell and find your next dream home! When rates go up, your buying power decreases, and you will end up paying MORE for your next home. Call us today at 713-557-7095 and let us help you achieve your real estate goals!

SUBDIVISION

14

AVERAGE SOLD PRICE

667,929

$

AVERAGE SP/LP RATIO

103.7%

Reflects data from the HARMLS from January 1st through June 8th, 2022. Deemed accurate but not guaranteed.

AVERAGE PRICE PER SQUARE FEET

172

$