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Houston Inner-Loop Prices

Posted on 2/15/09 at 7:20 pm
Posted by jglass3lsu
Member since Jan 2007
881 posts
Posted on 2/15/09 at 7:20 pm
Anyone here familiar with the pricing outlook on Houston inner loop residential real estate? More specifically, free standing homes (house with 7-10k SF lot, not a townhome) in the southwest side of Houston.

My wife and I are looking to purchase our first home there, but we're hesitant because we haven't really noticed a decline in asking prices.

Any advice out there is greatly appreciated.

Posted by Cdawg
TigerFred's Living Room
Member since Sep 2003
59439 posts
Posted on 2/15/09 at 9:40 pm to
You may have to be a little more specific. There's River Oaks, West U, Southside Place, Bellaire, Memorial, Rice Military, Montrose, etc.
Posted by sdc74
Houston
Member since Jan 2007
1193 posts
Posted on 2/15/09 at 10:10 pm to
I bought a new free standing home in Musuem District Jan 08. I got $120k off initial asking price. There are some good deals out there but the inner loop (from what I noticed before I bought) doesnt fluctuate as much as the other areas.
Posted by jglass3lsu
Member since Jan 2007
881 posts
Posted on 2/16/09 at 7:10 am to
We're particularly interested in the Braes Heights, Knollwood Village, and Afton Oaks areas.
Posted by MSMHater
Houston
Member since Oct 2008
22774 posts
Posted on 2/16/09 at 9:35 am to
I wouldn't expect anything in the loop to have a drastic price reduction. Its pretty well insulated from other housing trends. HAR.com was our favorite when looking.
Posted by Chicken
Jackassistan
Member since Aug 2003
21941 posts
Posted on 2/16/09 at 10:00 am to
quote:

We're particularly interested in the Braes Heights, Knollwood Village, and Afton Oaks areas.
Find out the zip codes of those areas and check out HAR.com, as the previous poster recommended. Great site.

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