Home prices around Houston 2016 (Richmond, Brookshire: sales, new home, neighborhoods)

[Sugarlandbubba]

http://www.bizjournals.com/houston/n...ices-rose.html

Interesting read.

[Sollaces]

I'm sure those numbers will change. The oil companies took a bit hit but are now slowly coming back. The economy will be coming back. I do know Fulshear will bounce back stronger than ever once the Westpark Tollway is expanded. It's under construction now but I could see that being a major hit on someone wanting a new home out there. A smooth commute is the big reason why people move out to the boonies. In the case of Simonton 2016 saw major flooding so of course that impacts sales and recovery.


Brookshire has poor roads in a lot of areas. They also have flooding. Then there's all those warehouses near I-10.


I'm pretty sure it's schools that bring people to a newer area. You'd have to look at the various school districts and if they've improved to see if the revolving trends include them. I'm pretty sure they do.

[gwarnecke]

Originally Posted by Sollaces

A smooth commute is the big reason why people move out to the boonies.

?

[tstone]

The boom on the east side will continue this year and likely plateau next year. It is all part of a series of multi billion $ petrochemical expansions, mostly related to plastics.

Parts of Clear Lake have seen a steady increase during this "downturn" as well, but nothing like those percentages in that article. We saw increases since 2012 when oil was booming--- smaller than the west side, but those increases have continued since then. Once chemicals come down, hopefully NASA's 2020 thing will continue to carry us.

Anyway it just looks like the undervalued areas have corrected themselves.

[Sollaces]

gwarnecke -


I would think most people would want a decent way to get to their job, which is their commute. Heaven knows there's various ways to get into Houston and everyone is looking for the fastest way with fewer delays. How do you judge your drive to work? Wasn't that a deciding factor in where you live? It was for me.


Fulshear is booming because of the Westpark Tollway, just as all those communities are springing up around SH99. .. Even more as it's expanding. Communities build where the major routes are, where the good schools are, and yeah I stand by my statement!

[gwarnecke]

I always thought that people moved out to the far burbs in spite of the long/inconvenient commute (unless they work from home or their company is also located in the far suburbs).

Regardless of the west park tollway expansion, I wouldn't consider a commute from Fulshear to Downtown or the Galleria to be convenient by any stretch of the imagination, unless perhaps I was moving to Houston from Beijing or Moscow.

[pr02]

Is it just me or are prices being slashed on homes? I keep hearing that inventory/existing homes are getting huge markdowns. I am getting a home in Aliana/Richmond (so my search criteria is mostly FBISD), and all this talk is making me jittery. Having lost money in the previous housing downturn (in a different state), the thought of getting a home at the wrong time (again) keeps me up at night. Sigh!!!!