Good lots are becoming harder to find as the City of Bellaire continues its race to rebuild itself… 2/1 post-war cottages are masterfully turned into beautiful custom mansions, and the Bellaire New Home Showcase attests to this every year. The Spring Showcase is coming up this weekend and if you are thinking of building, this is the perfect time to get ideas, dreams and inspiration and meet some of the builders.
I do have a premium lot for sale on a street that is almost completely rebuilt. It’s a great size at 8,775 square feet (per appraisal district). It is on Anderson Street which runs North/South and the property is located on the West side of the street. There is presently a 2/1 cottage there that has been updated with granite countertops, and could be leased while you are taking the time to finalize your building plans for your dream home. Zoned to Condit Elementary, it is within a short drive to the Recreation Center and the Library and far enough from 610 not to hear its rumble.
Call me if you are interested in this amazing opportunity. I do have an Exclusive Listing agreement with the Seller but I will not place it on the MLS. My contact information is 713-539-1006 or Lucie@kw.com.
And hopefully, I will see you at the Showcase!
NEW YORK (CNNMoney.com) – March pending home sales increased from February numbers and from March 2008, indicating that buyers think now is a good time to buy a house.
The Pending Home Sales Index from the National Association of Realtors (NAR) showed a 3.2 percent gain to 84.6 from February, when it was 82. The index stands 1.6 percent higher than a year ago.
The index is understood to be a forward indicator of home sales trends as it measures contracts signed, not completed sales. The uptick may indicate that home prices have fallen low enough for buyers to get off the fence.
“If inventory goes down — it’s at just under ten months now — to below eight months, that would mean we’re on the way to a sustainable recovery,” said Lawrence Yun, NAR’s chief economist.
Anecdotal evidence indicates that trend may be happening. Realtors and other industry insiders are seeing rising open house attendance and multiple bids on some particularly desirable properties.
Today, buyers are more likely to bid because they perceive the market as at or near its bottom. An April Gallup Poll reported that 71 percent of Americans thought it was a good time to buy a house.
The South saw the largest gain of any region, with pending home sales jumping 8.5 percent from February to March. Pending sales were 7.7 percent higher in March compared with the same month a year ago.
