AUGUST 2022
RE/MAX Integrity | 19510 Kuykendahl Road Spring, TX 77379 | 281-370-5100
REAL ESTATE
Auburn Lakes www.AuburnLakesLiving.com
713-557-7095
REALTORS® and NEIGHBORS
GET CURRENT LISTINGS, MARKET ACTIVITY, HOME ASSESSMENTS, AND MORE AT WWW.AUBURNLAKESLIVING.COM
What A Readjusting Market Means For You Headlines report current market conditions that may leave you with more questions than answers. The past two years were record-breaking in nearly every way. Recordlow mortgage rates, an influx of buyers, sellers waiting to list, and years of under-
HOME SHOWINGS 2019 gave a good baseline of pre-pandemic levels. Showings skyrocketed during the pandemic, and while current demand has begun to moderate slightly, showings are still above 2019 and 2020 levels.
PREPARED ESPECIALLY FOR
Leonardo and Angelica Washington
building created the most unique market.
This combination led to record-high demand and record-low supply, but wouldn’t be sustainable long term. Leonardo and Angelica, The real estate market is changing – if you’ve
EXISTING HOME SALES Perspective is everything! While headlines are talking about sales declining, the market is on pace to close this year with more sales than 2019 and surpassing 2020.
THE EXPERTS SAY IT BEST “Today’s housing market looks a lot like the 2019 housing market, which was the strongest housing market in a decade at the time.” ~ First American
thought about making a change and moving
THE MARKET ISN’T CRASHING
into your next dream home, call us today at
It’s a turning point that’s moving back toward more pre-pandemic levels.
713-557-7095 and let’s discuss your options!
PRESENTED BY
MARKET REPORT
MARKET REPORT
Auburn Lakes | Auburn Lakes estates Leonardo and Angelica, Whether you’re looking for an investment property or looking to relocate, upsize, or downsize, we can help achieve exceptional results. Call us today at 713-557-7095, and let’s create a personalized, effective plan that fits your unique needs.
Call Us Today: 713-557-7095
REALTORS® and NEIGHBORS | Sold@RubenandNancy.com | www.AuburnLakesLiving.com Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2022
HOMES CURRENTLY LISTED IN YOUR AREA
Mid-Year Review
AUBURN LAKES
Leonardo and Angelica,
Average Sale Price increased
13.2% since 2021!
Now is a great time to consider listing your home and taking advantage of the upward trends while they last! Data based on listings from HARMLS from January 1st to June 30th, 2021 and 2022. Information deemed accurate but not guaranteed.
Your Auburn Lakes had a fantastic first half of the year, with increases in several key market indicators. The demand for your community is high, with current inventory pointing to a seller’s market. If you are thinking about selling, call us today at 713-557-7095.
710,559
$
AVERAGE SOLD PRICE
STATUS
STREET NAME
EST. SQ. FT. *
BEDS
BATHS
LIST PRICE
LIST MONTH
SUBDIVISION
Active
Pennwell Drive
3,600
4
Active
Thorton Knolls Drive
5,300
5
3.0
$915,000
June
Auburn Lakes Estates
5.1
$1,379,000
July
Auburn Lakes Estates
Active
Honeycrest Lane
3,000
Active
Honeycrest Lane
3,000
4
2.1
$450,000
June
Auburn Lakes Reserve
4
2.1
$470,000
July
Auburn Lakes Reserve
Active
Northcrest Drive
Active
Carrick Bend Drive
4,400
5
3.1
$662,500
May
Auburn Lakes Reserve
4,500
5
4.0
$750,000
June
Auburn Lakes Retreat
HOMES CURRENTLY PENDING IN YOUR AREA STATUS
STREET NAME
EST. SQ. FT. *
BEDS
BATHS
LIST PRICE
LIST MONTH
SUBDIVISION
Pending
Green Gable Manor
4,100
5
4.1
$1,500,000
June
Auburn Lakes Estates
Pending
Redwood Terrace Lane
4,000
5
3.1
$625,000
June
Auburn Lakes Reserve
HOMES RECENTLY SOLD IN YOUR AREA STATUS
STREET NAME
EST. SQ. FT. * BEDS
BATHS
LIST PRICE
SOLD PRICE
SOLD MONTH
SUBDIVISION
Low: $408,000 | High: $1,500,000
Sold
Brock Meadow Drive
3,900
4
3.1
$595,000
$629,000
February
Auburn Lakes
13.2% Increase over 2021
Sold
Pennwell Drive
5,300
4
4.1
$1,500,000
$1,500,000
June
Auburn Lakes Estates
Sold
Thorton Knolls Drive
4,700
4
3.2
$875,000
$875,000
March
Auburn Lakes Estates
Sold
Delaney Knoll
4,300
4
4.1
$1,045,000
$1,100,000
March
Auburn Lakes Estates
Sold
Pearl Crest Drive
5,000
5
5.1
$1,185,000
$1,150,000
March
Auburn Lakes Estates
Sold
Brock Meadow Drive
3,300
4
3.1
$515,000
$550,000
June
Auburn Lakes Reserve
Low: 97.0% | High: 111.4%
Sold
Honeycrest Lane
3,300
4
3.1
$485,000
$494,500
April
Auburn Lakes Reserve
4.4% Increase over 2021
Sold
Pine Arrow Court
2,600
3
2.0
$368,000
$408,000
March
Auburn Lakes Reserve
Sold
Pine Arrow Court
3,200
4
3.1
$495,000
$515,000
March
Auburn Lakes Reserve
Sold
Pine Reserve Drive
4,800
5
3.1
$585,000
$585,000
March
Auburn Lakes Reserve
Sold
Shaded Springs Lane
3,000
4
2.1
$450,000
$501,500
February
Auburn Lakes Reserve
Sold
Honeycrest Lane
3,000
4
2.1
$480,000
$498,000
January
Auburn Lakes Reserve
Sold
Auburn Bend Drive
4,200
4
3.1
$675,000
$678,500
June
Auburn Lakes Retreat
Sold
Russet Springs Lane
4,200
4
3.1
$675,000
$740,000
April
Auburn Lakes Retreat
Sold
Adrienne Arbor Drive
3,300
5
4.1
$498,000
$500,000
March
Auburn Lakes Retreat
Sold
W Titan Springs Drive
4,300
5
4.0
$699,900
$725,000
February
Auburn Lakes Retreat
Sold
Summer Chase Drive
3,900
4
3.1
$639,000
$630,000
January
Auburn Lakes Retreat
103.5% 178
$
AVERAGE SOLD PRICE/ LIST PRICE RATIO
AVERAGE PRICE PER SQUARE FOOT
Low: $122 | High: $282 17.9% Increase over 2021
15
AVERAGE DAYS ON MARKET
Low: 3 | High: 139 6.3% Decrease from 2021
Ruben & Nancy Villarreal, The Villarreal Team, and RE/MAX Integrity are not in any way affiliated with Auburn Lakes Owners Association, nor is this in any way an official advertisement or publication of Auburn Lakes. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the HARMLS between January 24th and July 11th, 2022. Listings and sales may not be those of RE/MAX Integrity. The HARMLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet rounded down to nearest hundred.