Rental Prices in Katy, Texas Compared To The Nation’s Most Expensive Rental Subdivisions

Apartments.com just came out with their list of the top 14 most expensive places to rent in the country and it got us thinking….  how does Katy, and specifically the sought after zip codes of 77494 and 77450, compare?  According to Apartments.com, affordability is the #1 concern to today’s renters.  But, a vibrant community and proximity to work or public transportation is what seems to drive these rent prices up.  According to Apartment.com, the list as is follows….

14. Philadelphia: Rittenhouse Square ($1,860/month)

13. Pasadena, Calif.: Southwest Pasadena ($1,967/month)

12. Washington, D.C.: Foggy Bottom/GWU/West End ($2,662/month)

11. Queens, N.Y.: Hunters Point ($2,811/month)

10. San Diego, Calif.: Harborview ($2,206 /month)

9. Newport Beach, Calif.: Newport Center ($3,133/month)

8. Jersey City, N.J.: Historic Downtown ($3,068/month)

7. Great Neck, N.Y. (Nassau County): Great Neck Plaza ($3,223/month)

6. Palo Alto, Calif.: Crescent Park ($3,157/month)

5. Oakland/Emeryville, Calif.: Golden Gate ($3,695/month)

4. Boston: Government Center ($3,782/month)

3. San Francisco: Yerba Buena ($3,643/month)

2. Brooklyn, N.Y.: DUMBO (Down Under the Manhattan Bridge Overpass) ($4,023 /month)

1. Manhattan, N.Y.: Penn Plaza/Garment District ( $4,440/month)

Whew!  I can remember my first apartment in Austin was $650/month.  And even then, I could not believe it!  Highway robbery I thought!  In comparison, you can rent a single family home in the South Katy neighborhoods of 77450 and 77494 for an average of $1,481/month! And, with Texas’s low cost of living and thriving economy, it seems like a no brainer, right?  Do you know anyone looking to move to Houston?  We can help them find a fantastic rental home as a place to start!

And, if you are currently renting in one of the markets, can I stay with ya when I visit? :)  Worth a shot.

- Kristen 

QOTD: What was the rent at your first place?

 

 

New Listing in California

Our Agent, Hector, has a fantastic new listing in the California hills!  There is no mistaking, California is a beautiful state!  Views all around, privacy, and did we mention the views!!

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Contact us today for this gem of a home!

 

New Homes North of I-10 in Katy

Katy is growing by leaps and bounds.  While South Katy (zip codes 77494 & 77450) have about reached their max, new developments are popping up in the northern area of Katy, close to the I-10 and New Grand Parkway intersection.  One of the communities taking off in this area is highly touted Ventana Lakes by Perry Homes.  With homes priced from the $240,000′s up to $450,000′s, this community looks to be the next Cinco Ranch.  With high class amenities and top rated schools, Ventana Lakes is becoming more and more popular with new home buyers looking for luxury and accessibility.  Ventana Lakes is gaining so much momentum, that Katy ISD has dedicated the resources to build a large educational center in the community.

 

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With an expected opening date of August 2016, these state of the art facilities are such to be a huge incentive for buyers.  Coupled with the massive developmental plans for the Grand Parkway corridor, Ventana Lakes is sure to increase exponentially in value.  Want to get in on the ground level (and at ground level prices)?  Contact us today to schedule a showing.  We can offer invaluable resources for building your new home as well as negotiate the best incentives these builders have to offer!

Best,

Robyn

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QOTD: Education is on of the top things buyers consider when purchasing a home?  What is your top concern when looking for a new home?

Housing Update for Katy 77494 and Katy 77450 (Cinco Ranch and surrounding communities)

In the 77494 zip code there has been a slight increase in the number of homes actively for sale.  Currently, the average days on market is 49 days, an 8% increase from 2013.  But, with that increase comes an increase in the median price for homes sold in this same area.  The median price of a sold home in the 77494 zip code is $326,500 in 2014, and increase of almost 10% from 2013′s median price of $296,995.  There has also been a 6.4% increase in the number of homes for sale.

 

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Meanwhile, across The Grand Parkway, the 77450 zip code has seen a slight decrease in the number of homes actively for sale.  Currently, the average days on market is 27 days, a 15% decrease from 2013.  With that decrease comes an increase in the median price for homes sold in this same area.  The median price of a sold home in the 77450 zip code is $243,000 in 2014, and increase of 13% from 2013′s median price of $215,000.  There has also been a 9.5% decrease in the number of homes for sale.

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What does all this mean?  Let our staff help you navigate the numbers to come up with the best selling strategy for your home today!

Loving Your Home This Holiday Season

This time of year the wind blows, the cold comes in, and we spend more time in doors, admiring our homes,  But all too often, we take for granted the little things about the spaces we live in and get wrapped up in their flaws.  Here is an article to help rekindle your love for your home.  Cause everyone should be happy with the spaces they are in! Enjoy!

 

 

 

 

 

City Centre Expanding to New Heights!

A sure sign that there is a growing population moving out to the West Side of Houston is the ever growing expansion of the high end shopping and dining area City Centre. Along with direct access from I-10, the newly expanded area will feature apartment homes, 1 acre of green space, and offices tailored to the small business and telecommuting offices that support larger oil companies. With the movement of headquarters once located in downtown, to the renovated Energy Corridor, these smaller companies are setting up shop in the retail offices that will accompany the new, high rise building in City Centre.

What does this mean for real estate located in the Memorial Villages and Spring Branch area? More growth and property value increases, on top of an already booming trend in the area. Currently, single family homes start at $795,000 and go to $16 million +. Compared to the same area 10 years ago, where prices peaked at $1,390,000. Read more about the City Centre expansion here.

Katy Becoming an Foodie’s Dream!

With the population and home growth that the Katy Area, especially the South Katy Area (77494 and 77450), have seen recently, there is no big surprise that many big businesses and chain restaurants are breaking ground on new stores and eateries.  Just recently, Trader Joes announced it is opening a store in the La Centerra Shopping Center. And now comes the news that Dish Society is leading the pack of new, fresh food dining options joining the Katy area.

Dish Society is a farm to table concept restaurant that offers a less processed, causal, but fast dining option.  They are currently only located in the Galleria area, but have decided to branch out to suburban areas, such as Katy.  Read more about it  here..

With more and more business moving or adding headquarters in the Energy Corridor and westward, it is no wonder the demographic of the Katy area has changed to a hipper, younger vibe.  We are so excited to see more local stores opening in the Cinco Ranch area!

See you at lunch!

Kristen

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QOTD: What local store or restaurant would you like to see come to Katy?

 

 

Robyn Jones Homes does California Property Management!

We have been flooded with requests about our Property Management services, especially for our LA Office.  So many people move to LA for a short period of time, or move up from their first property.  Investment homes in LA are on the rise and we are happy to provide our clients in California the same, high level of customer service and property management service that we do out Texas clients!  Teri Lewis just helped her Landlord lease out a home in Venice!

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These homes always tend to be a bit more maintenace and we are happy to take that stress away from our Landlords!  Let us handle the repairs, lets us handle the move ins and move outs – it is what we do!  Do you have a property that weighs on you?  Is your investement not as profitable as it could be?  We can help fine tune and stream line the management side to maximize your profit and minimize efforts!

We work for you!

Kristen

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QOTD: What is the biggest hurdle in your investment property?

Final Section of Cinco Ranch Opens

From one of the largest, raw land purchases in 1984 to one of the highest ranked communities in 2014, Cinco Ranch has endured a storied history or success after success in subdivision and community development. And today it opens its final section of housing development up for sale. The Village of Westridge Creek will be the site of future homes priced in the low $300,000′s to mid $400,000′s and will feature distinguished builders such as Toll Brothers, Ryland Homes, Village Homes, and Perry Homes. David Weekley Homes Custom Classics and Partners In Building will be offering new homes from the $600,000s to the $800,000s situated on larger, 80 foot wide sites.

The master planned community will also be adding a 4 acre recreational facility as well as extra schools to service the growing population. Katy ISD has also proposed a bond package to accommodate the exponential growth in students over the last five years.

Cinco Ranch has been named as the top-selling community in Texas last year by RCLCO, and continues its strong tradition as one of the state’s and the country’s top spot for families.

Read more the final Cinco ranch subdivision here.

In the month of August alone, there were 87 single family homes sold at an average price of $395,000 in the 77494 are of Cinco Ranch.

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And with the boom in housing comes the boom in shopping and restaurants. Cinco Ranch has seen many new, major retailers enter the area, including Whole Foods, Costco, Sprouts, as well as the highly anticipated Trader Joes in La Centerra.

Now is the time to sell and move up!

Best,

Kristen

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Question of the Day: Which new retailers would you like to see come to Katy?

Holy Golf Balls Batman! Woodlands Golf Course sells in part of $265 million deal!

It’s official! The Woodlands Golf Course, and its 7 individual courses, have been sold to Dallas based ClubCorp. ClubCorp says this deal will result in millions of dollars in upgrades on the courses themselves. What does this mean for your house values? Well, if you are lucky enough to live in one of these golf course communities, you know that improvements to the course can result in a resurgence of interest in the housing market in the area. If you have been on the fence about selling, the “facelift” these course are about to endure will also boost your homes value without you having to left a finger (well, maybe a club). Robyn Jones Homes is a premier, golf course community Realtor, and have been quoted by Golf Real Estate, as well as worked with the Arnold Palmer Golf and Century Partners on the sale of land in their upscale, golf communities located in Humble and Katy.

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Please contact us if you would like a free Comparative Market Analysis run for your home. We are happy to show you the value in your home!

Tees away!

Kristen

*Read more about the ClubCorp purchase here.