GREENWOOD KING ANNUAL REPORT 2023
a place to find your home
R I V E R
O A K S
NUMBER OF SALES Neighborhoods River Oaks Royden Oaks, Oak Estates Afton Oaks Montrose (Single Family) Montrose (Townhouses) West University Boulevard Oaks Southampton Southgate Area Braes Heights, Ayrshire Braeswood Bellaire Westbury Willow Meadows, Willow Bend Tanglewood Briargrove Briarmeadow Briargrove Park Memorial Close-in Memorial Villages Spring Valley, Hilshire Memorial Wilchester Heights Cottage Grove Garden Oaks Oak Forest Shepherd Park Plaza Timbergrove, Lazybrook Shady Acres Total Market
1/01/23 - 12/31/23 84 11 31 226 200 212 39 18 17 52 10 193 164 140 53 49 43 65 25 122 72 387 44 960 116 68 549 112 273 244 4,579
1/01/22 - 12/31/22 85 19 37 323 255 237 39 17 27 66 15 245 263 158 64 68 41 82 42 183 85 455 43 1,258 203 80 636 122 271 341 5,761
Change -1% -42% -16% -30% -22% -11% 0% +6% -37% -21% -33% -21% -38% -11% -17% -28% +5% -21% -40% -33% -15% -15% +2% -24% -43% -15% -14% -8% +1% -28% -21%
AVERAGE SALES PRICES Neighborhoods River Oaks Royden Oaks, Oak Estates Afton Oaks Montrose (Single Family) Montrose (Townhouses) West University Boulevard Oaks Southampton Southgate Area Braes Heights, Ayrshire Braeswood Bellaire Westbury Willow Meadows, Willow Bend Tanglewood Briargrove Briarmeadow Briargrove Park Memorial Close-in Memorial Villages Spring Valley, Hilshire Memorial Wilchester Heights Cottage Grove Garden Oaks Oak Forest Shepherd Park Plaza Timbergrove, Lazybrook Shady Acres Total Market
1/01/23 - 12/31/23 $3,878,000 2,248,000 1,673,000 882,000 463,000 1,770,000 1,619,000 1,851,000 1,251,000 1,337,000 1,149,000 1,132,000 345,000 410,000 2,580,000 1,076,000 549,000 722,000 2,125,000 2,488,000 1,373,000 1,020,000 1,061,000 769,000 512,000 887,000 638,000 506,000 651,000 545,000 $946,000
W E S T
U N I V E R S I T Y
1/01/22 - 12/31/22 $3,636,000 1,751,000 1,381,000 844,000 447,000 1,703,000 1,265,000 1,798,000 1,053,000 1,090,000 1,247,000 1,046,000 343,000 383,000 2,385,000 1,204,000 571,000 674,000 2,896,000 2,574,000 1,160,000 992,000 1,041,000 717,000 492,000 760,000 549,000 511,000 657,000 504,000 $887,000
Change +7% +28% +21% +5% +4% +4% +28% +3% +19% +23% -8% +8% +1% +7% +8% -11% -4% +7% -27% -3% +18% +3% +2% +7% +4% +17% +16% -1% -1% +8% +7%
M E M O R I A L
NUMBER OF LISTINGS Neighborhoods River Oaks Royden Oaks, Oak Estates Afton Oaks Montrose (Single Family) Montrose (Townhouses) West University Boulevard Oaks Southampton Southgate Area Braes Heights, Ayrshire Braeswood Bellaire Westbury Willow Meadows, Willow Bend Tanglewood Briargrove Briarmeadow Briargrove Park Memorial Close-In Memorial Villages Spring Valley, Hilshire Memorial Wilchester Heights Cottage Grove Garden Oaks Oak Forest Shepherd Park Plaza Timbergrove, Lazybrook Shady Acres Total Market
12/31/23 25 8 10 84 47 34 12 4 4 19 2 37 47 23 15 5 8 9 11 40 10 65 1 249 10 17 117 27 51 64 1,055
12/31/22 30 2 9 80 43 39 10 2 8 13 5 45 56 41 17 10 10 14 9 50 18 64 0 223 21 19 138 49 52 48 1,125
Change -17% +300% +11% +5% +9% -13% +20% +100% -50% +46% -60% -18% -16% -44% -12% -50% -20% -36% +22% -20% -44% +2% NA +12% -52% -11% -15% -45% -2% +33% -6%
AVERAGE DAYS ON MARKET Neighborhoods River Oaks Royden Oaks, Oak Estates Afton Oaks Montrose (Single Family) Montrose (Townhouses) West University Boulevard Oaks Southampton Southgate Area Braes Heights, Ayrshire Braeswood Bellaire Westbury Willow Meadows, Willow Bend Tanglewood Briargrove Briarmeadow Briargrove Park Memorial Close-in Memorial Villages Spring Valley, Hilshire Memorial Wilchester Heights Cottage Grove Garden Oaks Oak Forest Shepherd Park Plaza Timbergrove, Lazybrook Shady Acres Total Market
1/01/23 - 12/31/23 52 44 36 43 37 30 48 26 31 32 79 32 40 32 43 35 46 27 78 53 30 26 19 28 28 28 30 29 28 26 37
H O U S T O N
1/01/22 - 12/31/22 56 29 57 41 39 28 32 12 32 26 61 40 36 30 55 20 37 34 73 45 32 29 13 26 20 27 29 22 33 23 35
H E I G H T S
Change -7% +52% -37% +5% -5% +7% +50% +117% -3% +23% +30% -20% +11% +7% -22% +75% +24% -21% +7% +18% -6% -10% +46% +8% +40% +4% +3% +32% -15% +13% +6%
SALES VOLUME Neighborhoods River Oaks Royden Oaks, Oak Estates Afton Oaks Montrose (Single Family) Montrose (Townhouses) West University Boulevard Oaks Southampton Southgate Area Braes Heights, Ayrshire Braeswood Bellaire Westbury Willow Meadows, Willow Bend Tanglewood Briargrove Briarmeadow Briargrove Park Memorial Close-in Memorial Villages Spring Valley, Hilshire Memorial Wilchester Heights Cottage Grove Garden Oaks Oak Forest Shepherd Park Plaza Timbergrove, Lazybrook Shady Acres Total Market
1/01/23 - 12/31/23 $325,700,000 24,700,000 51,900,000 199,300,000 92,600,000 375,300,000 63,100,000 33,300,000 21,300,000 69,500,000 11,500,000 218,600,000 56,600,000 57,400,000 136,800,000 52,700,000 23,600,000 46,900,000 53,100,000 303,600,000 98,800,000 394,800,000 46,700,000 738,400,000 59,400,000 60,300,000 350,000,000 56,600,000 177,700,000 132,900,000 $4,333,100,000
W E S T
1/01/22 - 12/31/22 $309,000,000 33,300,000 51,100,000 272,500,000 114,000,000 403,500,000 49,300,000 30,600,000 28,400,000 72,000,000 18,700,000 256,300,000 90,100,000 60,400,000 152,600,000 81,800,000 23,400,000 55,300,000 121,600,000 471,000,000 99,100,000 446,900,000 45,800,000 902,400,000 99,900,000 60,800,000 348,900,000 62,300,000 178,000,000 171,700,000 $5,110,700,000
U N I V E R S I T Y
Change +5% -26% +2% -27% -19% -7% +28% +9% -25% -3% -39% -15% -37% -5% -10% -36% +1% -15% -56% -36% 0% -12% +2% -18% -41% -1% 0% -9% 0% -23% -15%
INVENTORY SUPPLY (in months) 4.2 3.6
River Oaks
1.3
Royden Oaks, Oak Estates
3.9 +34% 3.0 4.5 +50%
}
2.0
Montrose (Townhomes)
}
}
Boulevard Oaks
}
Southampton
}-22% 4.4 }+83% 4.0 -40% }
3.6 2.8 2.4
Southgate Area Braes Heights, Ayrshire Braeswood
2.4 2.2 -5% 2.1 2.6 3.4 +31%
}
Bellaire
}
Westbury Willow Meadows, Willow Bend
2.0
Tanglewood
1.1
Briarmeadow Briargrove Park
2.6
}+104%
}+18%
} }
2.5 -32% 1.7 1.7 2.0 +18%
Memorial Wilchester 0.0 0.3
}NA 2.1
Heights
Shady Acres
5.3
3.3 3.9
Spring Valley, Hilshire
Timbergrove, Lazybrook
3.2 3.4
}-39% 2.9 -24% } 2.2 2.0 -15% 1.7 }
Memorial Villages
Shepherd Park Plaza
}-35% }+6%
3.1
1.8
Memorial Close-in
Oak Forest
}+40%
2.8
2.0 1.9 -5% 3.1 3.7 +19% 1.4 2.7 +93%
West University
Garden Oaks
}
2.9
Montrose (Single Family)
Cottage Grove
}
8.7 +569%
Afton Oaks
Briargrove
}-14%
1.2 1.0
3.1
}+48%
}-17% } }
2.9 3.0 +3% 2.6 2.6 0% 4.8 -40% 2.9 2.3 2.2 -4% 1.7 3.1 +82%
}
}
}
12/22
12/23
Copyright GKP II, Inc. 2024. All Rights Reserved. Information as of 12/31/23.
GREENWOOD KING ANNUAL REPORT 2023
3201 Kirby Drive Houston, TX 77098 | 713.524.0888 1616 S. Voss Road, Suite 900, Houston TX 77057 | 713.784.0888 1801 Heights Boulevard Houston, TX 77008 | 713.864.0888 www.greenwoodking.com
If your home is currently listed for sale, this is not a solicitation of the listing. Equal Housing Opportunity. Printed Spring 2024.