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re: Home Prices Show Biggest Rise in 6 Years
Posted on 2/10/13 at 12:27 am to C
Posted on 2/10/13 at 12:27 am to C
quote:This summer we were looking at 3000-3500 sqft east of Kuykendahl and south of Research (non-Creekside) and didn't see anything close to that range.
You can easily get an average home for less than $100sqft.
Just checked and most are currently listed for $135-$150/square foot. Maybe that is the new normal in that area, but it just felt high to me. Certainly it wasn't a price that I felt was a great time to be making a move just for the sake of upgrading.
It's hard to imagine oil prices staying this high and interest rates staying this low for the next few years, and what would a correction in those two items do to prices in the area? I figured I would just stand pat for now and check back in a couple of years.
This post was edited on 2/10/13 at 12:45 am
1
Posted on 2/10/13 at 2:34 pm to Bayou Tiger
Agree to disagree I guess but the woodlands is not overpriced when you look at similar upperclass neighborhoods with great schools nation wide. Sure it's a ~10% premium over similar houses in the surrounding areas, but it's still very affordable.
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