Nancy Villareal-Auburn Lakes-October 2020

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