Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Jan. 11, 2024

Divorce REALLY Fucking Sucks

 Navigating Divorce and Real Estate

 

Divorce is undoubtedly a challenging and emotionally charged process. I understand the need for precision, efficiency, and a strategic approach, especially when it comes to selling your home amid such a significant life change. Here are some tips to help individuals going through divorce seamlessly navigate the real estate market while maintaining control and focus.

 

Set Clear Objectives:

Before embarking on the journey of selling your home during a divorce, it's crucial to define your goals clearly. Whether it's achieving a quick sale, maximizing profits, or minimizing stress, having a set of well-defined objectives will guide your decisions and interactions throughout the process.

 

Open Communication:

Divorce often involves complex emotions and delicate discussions. As a Type A personality, it's essential to maintain open and transparent communication with your ex-spouse to make informed decisions regarding the sale of your property. Establishing clear lines of communication will not only facilitate a smoother process but also contribute to a more amicable and efficient resolution.

 

Work with a Professional Mediator:

Engaging a professional mediator can be particularly beneficial for Type A personalities seeking an organized and structured approach to decision-making. A mediator can help navigate disputes, streamline negotiations, and ensure that both parties are heard, fostering a more collaborative and less adversarial environment.

 

Efficiently Prepare Your Home for Sale:

In the fast-paced world of a Type A personality, efficiency is key. When preparing your home for sale, focus on decluttering, depersonalizing, and staging to showcase its full potential. Consider hiring professionals to expedite the process and create a visually appealing environment that attracts potential buyers quickly.

 

Set a Realistic Pricing Strategy:

Type A personalities thrive on data and facts. When determining the listing price for your home, conduct thorough research on comparable properties in the area, and seek the advice of a real estate professional. Setting a realistic and competitive price will expedite the selling process and help you achieve your financial goals.

 

Create a Timeline:

Developing a timeline for the sale of your home can provide a sense of structure and control during an otherwise tumultuous time. Set milestones for each stage of the process, from listing your property to completing the sale, allowing you to stay on track and meet your objectives efficiently.

 

Selling a home during a divorce may seem daunting, but can be a well-managed and structured endeavor. By setting clear objectives, maintaining open communication, working with professionals, preparing your home efficiently, establishing a realistic pricing strategy, and creating a timeline, you can successfully navigate the real estate market while focusing on your future and minimizing unnecessary stress.

 

Houston Gay Realtor Real Estate Agent

Leslie Don Wilson
Realtor - ABR AHWD ALHS CIPS CNE CRS GREEN GRI MCNE SFR SRES TRLP
281-804-2291 

Check Out Houston's Top 10 Neighborhoods

Montrose -  Midtown  -  Downtown  -  Museum District  -  Houston Heights

River Oaks  -  West University Place  -  Memorial  -  Bellaire  -  Spring Branch

 

Posted in Seller
Dec. 20, 2023

Villa d'Este: An Enchanting High-Rise in Uptown Park

Villa d'Este: An Enchanting High-Rise in Uptown Park

Nestled in the heart of Uptown Park, the condominiums at Villa d'Este embody the epitome of luxury high-rise living in Houston. This iconic 27-floor landmark, inaugurated in 2000, graces six acres of private, verdant grounds along the Buffalo Bayou, surrounded by majestic oaks and pines. Residents are treated to panoramic views of downtown Houston and Tanglewood.

The lavishly appointed residences, situated at the base of Uptown Park, offer an unparalleled location adjacent to Uptown Houston, the Galleria, and an array of shopping, dining, and recreational options. With convenient access to the Medical Center, Galleria, and major work corridors, Villa d'Este stands as a premier residential destination.

Inside Villa d'Este Condominium, upscale interiors beckon with spacious elegance. Each of the 100 residences, spanning one, two, and three bedrooms (ranging from 2,100 to 4,064 square feet), features tall ceilings, marble baths, and timeless wood and stone floors. Large open balconies and fully operable windows invite breathtaking city views. With only four homes per floor, exclusivity is a hallmark of Villa d'Este.Amenities abound, including a resort-style pool, tennis courts, entertainment rooms, fitness center, valet parking, dog park, conference room, and 24-hour concierge and security. The building also boasts an underground parking garage exclusively accessible to residents. Callan, a resident dividing her time between Houston and Eisenstadt, Austria, shares her insights into life at Villa d'Este:

Where to eat & drink: Explore the vibrant Uptown scene, with Callan recommending Etoile, a sophisticated French eatery known for its modern farmhouse interior and traditional seasonal menus.

Where to play: Memorial Park, Houston's urban wilderness, offers a 1,500-acre haven for community, exercise, and wildlife watching. The Seymour Lieberman Trail and nearby Houston Arboretum and Nature Center Trails provide ideal spots for outdoor enthusiasts.

 

Check Out Houston's Top 10 Neighborhoods

Montrose -  Midtown  -  Downtown  -  Museum District  -  Houston Heights

River Oaks  -  West University Place  -  Memorial  -  Bellaire  -  Spring Branch

 

 
Leslie Don Wilson
Realtor - ABR AHWD ALHS CIPS CNE CRS GREEN GRI MCNE SFR SRES TRLP
Houston - 281-804-2291 
Houston Gay Realtor Real Estate Agent
Posted in Buyer
Dec. 19, 2023

Houston's Inner Loop Is Set To Welcome The Pinnacle Of Luxury Living

 Houston's Inner Loop Is Set To

Welcome The Pinnacle Of Luxury Living

Houston's Inner Loop is set to welcome a new pinnacle of luxury living with the announcement of The St. Regis Residences, Houston, a 35-story high-rise development by Satya and Marriott International. Boasting a coveted location along Buffalo Bayou in Asbury Place, the project promises unobstructed views of River Oaks, Memorial Park, and downtown Houston. With groundbreaking expected in 2025 and completion slated for Q4 2027, this exclusive residence will offer a host of amenities, including private access to the Buffalo Bayou Trail, a pool, fitness center, and personalized services such as butler assistance, a concierge, and valet parking.

Satya CEO Sunny Bathija, known for his bold acquisitions in Inner Loop, celebrates the collaboration with Marriott International, citing the St. Regis brand's global reputation for luxury and impeccable service. Bathija's track record includes successful projects like The Sophie at Bayou Bend and Giorgetti Houston. This venture with Marriott marks the brand's first exclusive development in Texas, bringing a new level of opulence to the heart of Houston's River Oaks community. The strategic partnership aims to deliver an iconic project that reflects the legendary St. Regis lifestyle and sets a new standard for upscale living in the city.

 

Check Out Houston's Top 10 Neighborhoods

Montrose -  Midtown  -  Downtown  -  Museum District  -  Houston Heights

River Oaks  -  West University Place  -  Memorial  -  Bellaire  -  Spring Branch

 

 
Leslie Don Wilson
Realtor - ABR AHWD ALHS CIPS CNE CRS GREEN GRI MCNE SFR SRES TRLP
Houston - 281-804-2291 
Houston Gay Realtor Real Estate Agent

 

 

Posted in Buyer, Investors
Dec. 18, 2023

Home Builder builds eight duplexes for at-risk youth in Conroe

Home Builder builds eight duplexes for at-risk youth in Conroe

First America Homes, the homebuilding division of The Signorelli Company, marked a significant milestone with the ribbon-cutting ceremony for eight duplexes in Angel Reach Village, a Conroe development designed to accommodate at-risk youth facing homelessness. The event, held on December 4, celebrated the completion of the project.

Situated within Angel Reach Village, First America Homes' newly constructed duplexes aim to offer shelter and support to 32 individuals aged 16 to 24, who have either aged out of foster care or find themselves in need of housing due to various circumstances. Each duplex comprises two 550-square-foot apartments featuring two bedrooms and one bathroom. Anticipated to welcome its first residents later this month, the project underscores the commitment to providing secure homes for vulnerable youth.

Danny Signorelli, CEO of The Signorelli Company, expressed his dedication to creating better living environments in a press release, stating, "Building better places that enrich lives is what we do, so applying our skills and resources to build safe homes for these young people is an honor." Signorelli extended gratitude to Mayor Jody Czajkoski and Councilmembers Todd Yancey and Curt Maddux for their invaluable support.

The Angel Reach Village initiative not only involves First America Homes but also features contributions from other builders. Grace Point Homes recently completed the construction of five duplexes in the same village, and HomeAid is set to build three more in collaboration with LevelTx.

Apart from offering secure shelter, Angel Reach Village is committed to providing comprehensive support to its residents. This includes behavioral health counseling, life skills classes, and employment resources. Recognizing the collaborative effort required to address youth homelessness, Angel Reach Executive Director Jean Radach expressed gratitude to The Signorelli Company for its significant contributions to the transformative development.

 

Check Out Houston's Top 10 Neighborhoods

Montrose -  Midtown  -  Downtown  -  Museum District  -  Houston Heights

River Oaks  -  West University Place  -  Memorial  -  Bellaire  -  Spring Branch

 

 
Leslie Don Wilson
Realtor - ABR AHWD ALHS CIPS CNE CRS GREEN GRI MCNE SFR SRES TRLP
Houston - 281-804-2291 
Posted in Market Updates
Dec. 18, 2023

Houston MacGregor Park To Undergo a $54M Transformation

 Houston MacGregor Park To Undergo a $54M Transformation

 Steeped in history, MacGregor Park has been immortalized in hip-hop songs, with references spanning three decades. Initially recognized as "the place to be" by an L.A. Rapper in 1985, and later hailed as "the sweetest park" by Fat Tony in 2015, MacGregor Park now stands at the brink of its centennial, prompting discussions not only about its storied past but also about the future it will embrace.

 

In a significant move, the Houston City Council recently approved a monumental proposal for the park's renovation, backed by a generous $27 million contribution from the Kinder Foundation. Led by Rich and Nancy Kinder, who aim to foster urban green spaces, the project is slated to commence in 2025, with an estimated completion time of five years. Rich Kinder, co-founder of the Kinder Foundation, emphasizes that the renovation will reimagine the park while staying true to its roots, honoring the vision of its namesake, Henry F. MacGregor.

 

The iconic features of MacGregor Park, including its distinctive covered basketball court with a tin Mansard roof and a Spanish-style structure with 24 dynamic arches, will be preserved. Simultaneously, neglected aspects due to deferred maintenance will be addressed, and new elements like an amphitheater and a youth multipurpose field will be introduced. The park's perimeter trail will also be extended, connecting it to the Bayou Greenways trail along Brays Bayou, creating an extensive network of bicycle and jogging trails.

 

MacGregor Park, spanning 65 acres in southeast Houston, has long been a hub of community activities, hosting picnics, pick-up games, and various events. It holds a special place in the city's homegrown hip-hop scene, attracting artists and enthusiasts alike. The park's basketball court, recognized by the International Basketball Federation as one of the Top 10 outdoor courts globally, has witnessed legendary players like Moses Malone, Clyde Drexler, and Hakeem Olajuwon.

The renovation plans involve retaining cherished features, such as the flying disc golf course and sand volleyball activities, albeit in different locations. The baseball field will shift to the southwest corner, and the famed tennis area, where notable players like Zina Garrison and Lori McNeil honed their skills, will be relocated eastward. Input from the community, gathered through over a thousand interactions, played a crucial role in shaping the renovation plans.

 

As the park transforms, it remains a tribute to Dr. Martin Luther King Jr., with the southeast corner dedicated to his memory. MacGregor Park, a dynamic symbol of cultural evolution and community engagement, continues to be an open portal, welcoming generations of Houstonians to gather, celebrate, and connect.

 

Check Out Houston's Top 10 Neighborhoods

Montrose -  Midtown  -  Downtown  -  Museum District  -  Houston Heights

River Oaks  -  West University Place  -  Memorial  -  Bellaire  -  Spring Branch

 

 
Leslie Don Wilson
Realtor - ABR AHWD ALHS CIPS CNE CRS GREEN GRI MCNE SFR SRES TRLP
Houston - 281-804-2291 
Houston Gay Realtor Real Estate Agent
Dec. 18, 2023

Houston Housing Choice Vouchers (section 8) Can Also Be Applied To Home Purchases

Houston Housing Choice Vouchers (section 8) Can Also Be Applied To Home Purchases

While known for rental assistance, these vouchers are a lesser-known option for homeownership in Houston. Unlike Texas law allowing landlord discrimination, federal law prevents lenders from doing so.

LaKeisha , a single mother, used her voucher for homeownership in 2018. After two years of credit building and savings, she bought a $199,000 home, now valued at $278,000. Covenant Community Capital reports clients gaining $130,000 in equity five years post-purchase.

Houston and Harris County housing authorities offer homeownership programs. Lott participated in the Family Self Sufficiency Program, creating a five-year plan with caseworker support. Graduates receive a check, with some exceeding $43,000.

Professionals like Alyson Griffin and David Rosales assist voucher holders with credit issues and resources. Lott, now a homeowner making under $40,000, emphasizes the value of continued opportunities, decorating economically, and pursuing her next goal—a Christmas tree from secondhand outlets.

 

Check Out Houston's Top 10 Neighborhoods

Montrose -  Midtown  -  Downtown  -  Museum District  -  Houston Heights

River Oaks  -  West University Place  -  Memorial  -  Bellaire  -  Spring Branch

 

 
Leslie Don Wilson
Realtor - ABR AHWD ALHS CIPS CNE CRS GREEN GRI MCNE SFR SRES TRLP
Houston - 281-804-2291 
Houston Gay Realtor Real Estate Agent
Posted in Buyer
Dec. 18, 2023

Luxurious Mini-Ranches Are Being Developed in Gates Crossing

Luxurious Mini-Ranches Are Being Developed in Gates Crossing

A1,899-acre gated community northwest of Houston. Once home to Amos Gates, a key figure among Texas's early settlers, this historic site in Washington County is undergoing transformation by Houston's Frankel Design Build and U.S. Capital Advisors. With lots ranging from 14 to 160 acres, the community offers turnkey solutions, including infrastructure, design, and additional services.

Presales are underway, featuring prices from $600,000 to $4.8 million. The first residents are expected to move in by early 2025, enjoying exclusive access to a 600-acre preserve along the Brazos River. Gates Crossing blends luxury living with historical significance, creating a unique rural haven just an hour from downtown Houston.

 

Check Out Houston's Top 10 Neighborhoods

Montrose -  Midtown  -  Downtown  -  Museum District  -  Houston Heights

River Oaks  -  West University Place  -  Memorial  -  Bellaire  -  Spring Branch

 

 
Leslie Don Wilson
Realtor - ABR AHWD ALHS CIPS CNE CRS GREEN GRI MCNE SFR SRES TRLP
Houston - 281-804-2291 
Houston Gay Realtor Real Estate Agent
Posted in Buyer, Investors
Dec. 15, 2023

Houston Real Estate Market Trends Nov 2023

Houston Real Estate Market Trends Nov 2023

First, let's focus on the Months Supply of Inventory, which currently stands at 3.11. This metric represents the number of months it would take to sell all available homes on the market if no new listings were added. With a supply of 3.11 months, we can infer that the real estate market is favoring sellers. This means that there is a higher demand for homes compared to the available supply, potentially leading to increased competition among buyers.

Next, let's examine the 12-Month Change in Months of Inventory, which indicates a significant increase of +30.13%. This rise in inventory suggests that there has been an influx of new listings over the past year. For sellers, this could mean a more competitive market, as there are now more options for buyers to choose from. On the other hand, buyers may have more negotiating power due to the increased supply.

Moving on to the Median Days Homes are On the Market, we find that homes typically stay on the market for 21 days. This metric reflects the average time it takes for a home to sell once it is listed. With a relatively low number of days on the market, sellers can expect a quicker sale. However, for buyers, this means they need to act swiftly when finding a home they are interested in, as properties may not stay on the market for long.

The List to Sold Price Percentage is another important metric for both buyers and sellers. Currently at 97.5%, this percentage represents the average ratio between the listed price and the final sold price of a home. A higher percentage indicates that homes are typically selling very close to their asking price. For sellers, this means they can expect to receive a price close to their initial listing. Buyers, on the other hand, should be prepared to negotiate, as there may be less room for price reductions.

 

Finally, let's consider the Median Sold Price, which stands at $313,750. This metric represents the middle point of all the prices at which homes have recently sold. For sellers, this figure indicates the potential value they can expect to receive from their property. Buyers can use this information to understand the general pricing trends in the market and make informed decisions when searching for a home.

In summary, when analyzing these real estate metrics, we can see that the market is currently favoring sellers due to a relatively low supply of inventory. However, the increase in inventory over the past year suggests a potential shift towards a more balanced market. Homes tend to sell quickly, and sellers can expect a high percentage of their asking price. Buyers should be prepared to act swiftly and consider recent sold prices to make competitive offers.

 

Check Out Houston's Top 10 Neighborhoods

Montrose -  Midtown  -  Downtown  -  Museum District  -  Houston Heights

River Oaks  -  West University Place  -  Memorial  -  Bellaire  -  Spring Branch

 

 
Leslie Don Wilson
Realtor - ABR AHWD ALHS CIPS CNE CRS GREEN GRI MCNE SFR SRES TRLP
Houston - 281-804-2291 

 

Nov. 29, 2023

Where To See Houston Area Holiday Lights

Where To See Houston Area Holiday Lights

Dasher’s Lightshow at Sam Houston Race Park

Through Sunday, December 31, 2023

Get in the spirit with a daily light-filled spectacle that you can drive through in Northwest Houston, past giant Christmas trees, snowmen, and through acres of land.

 

Tickets are sold per person for $9.95, with discounts available for groups of 4 and more.

 

Texas Winter Lights at Marriott Marquis Houston

Through Sunday, December 31, 2023

Have some Texas-sized fun in the 6th floor Altitude Rooftop & Pool at the Marriott Marquis in Downtown during Texas Winter Lights, an interactive light experience available nightly.

Enjoy festive signature cocktails, huge light displays, walk-through experiences and plenty of social-worthy elements.

And yes, the Texas-shaped lazy river is open for floating and heated to 80° all winter long.

Tickets are $25 and up; $15 and up for ages 2 to 12.

 

Open daily 5pm to 10pm.

10th Sugar Land Holiday Lights at Constellation Field

Through New Year’s Day, Monday, January 1, 2024

More than three million lights create a sparkling winter wonderland at the home of the Sugar Land Space Cowboys.

Walk the ballpark and enjoy 10 themed areas, a holiday market, a snow play area, visits with Santa Claus, and more.

Prices vary by date: $15 and up; $10 and up for ages 4 to 12; free for ages 3 and under.  Buy Tickets

 

Sunday to Thursday 6pm to 9pm; Friday and Saturday 6pm to 10pm.

Festival of Lights at Moody Gardens

Through Saturday, January 6, 2024

Brighten up your holiday season at the Festival of Lights in Moody Gardens, which features a mile-long trail of more than two million lights and illuminated scenes with views of Galveston Bay.

The family-friendly mainstay also offers an outdoor skating rink, vendors serving hot chocolate and eats, and live entertainment, plus the Ice Land attraction, where a team of skilled ice carvers have transformed two million pounds of ice into a festive journey around the world’s rainforests.

 

Tickets start at $25 for individual attractions; holiday passes, which include admission to multiple attractions, start at $65; $45 for ages 4 to 12 and 65+.

Magical Winter Lights at Katy Mills

Through Sunday, January 7, 2024

One of the city’s most popular attractions opens its gates at a new location in Katy this year.

Wander through a lit-up wonderland filled with millions of lights, dazzling lantern sculptures, interactive displays, and a carnival with fun for the whole family.

 

Tickets are $25; $18 for ages 3 to 12 and 65+; free for ages 2 and under.

Zoo Lights at Houston Zoo

Through Sunday, January 7, 2024

Stroll through the Houston Zoo with hot chocolate in hand while you admire glimmering displays made up of gleaming Christmas lights at this annual must-see attraction.

Take advantage of holiday photo ops, make your way through an illuminated tunnel, see life-sized animal lanterns, and more.

 

Ticket Prices vary by day; $22.95 and up.

Galaxy Lights at Space Center Houston

Through Sunday, January 7, 2024

The cosmic spectacle returns to Space Center Houston, transforming the campus into a twinkling wonderland of space-themed light installations, high-tech experiences, holiday treats and more in a one-of-a-kind event that can only be found in Space City.

 

Tickets range from $19.95 to $27.95; free for ages 3 and under. 

Radiant Nature at Houston Botanic Garden

Through Sunday, February 25, 2024

More than 50 larger-than-life Chinese lantern installations decorate the Houston Botanic Garden, bringing to life stunning displays that showcase the beauty of nature and celebrate the promise of the Lunar New Year.

Tickets are $28.50; free for ages 3 and under.

 

Open Fridays to Sundays and select weeknights from 6pm to 10pm; last entry at 9pm.

 

Check Out Houston's Top 10 Neighborhoods

Montrose -  Midtown  -  Downtown  -  Museum District  -  Houston Heights

River Oaks  -  West University Place  -  Memorial  -  Bellaire  -  Spring Branch

 

 
Leslie Don Wilson
Realtor - ABR AHWD ALHS CIPS CNE CRS GREEN GRI MCNE SFR SRES TRLP
Houston - 281-804-2291 

 

 

Nov. 28, 2023

Houston's Housing Market Saw a Modest Uptick In New Listings

Houston's Housing Market Saw a Modest Uptick In New Listings

Houston's housing market saw a modest uptick in new listings last week, but it wasn't enough to offset declines in pending sales and closings.

Houston Gay Realtor Real Estate Agent

New listings on the Multiple Listing Service (MLS) increased by 6.9% during the week ending November 20, according to the Weekly Activity Snapshot from the Houston Association of REALTORS®. However, pending listings fell by 3% year-over-year, while closings dropped by 5.3%.

Despite the decline in sales, consumer interest remained strong. Traffic at property showings increased by 4% compared to the same week last year.

Houston Gay Real Estate Agent Realtor

The increase in new listings is a positive sign for the Houston housing market, but it remains to be seen whether it will be enough to boost sales activity.

Leslie Don Wilson
Realtor - ABR AHWD ALHS CIPS CNE CRS GREEN GRI MCNE SFR SRES TRLP
Houston - 281-804-2291 

 

Posted in Market Updates