Sales activity in Copper Lakes, Houston Texas slowed slightly in the 3rd quarter 2015, but prices remained steady.
In Copper Lakes, One story homes built before 2004 average sale price was $238,333, $102.16 a sqft and average 34 days to receive a contract. One story homes built after 2004 average sales price was $283,666, $92.28 a sqft and average 29 days to receive a contract. 5 sales total VS 7 in the 2nd Quarter of 2015.
Two story homes built before 2004 average sale price was $294,898, $91.90 a sqft and average 29 days to receive a contract. Two story homes built after 2004 average sale price was $389,453, $95.95 a sqft and average 59 days to receive a contract. 15 sales VS 21 in the 2nd Quarter of 2015 in Copper Lakes. All sales data was gathered from the Houston Association of Realtors MLS.
Copper Lakes sales activity did slow a bit in the 3rd quarter 2015, prices however remained steady. With oil prices being lower over the last 18 months and Houston energy sector layoffs still occurring, it was expected that home prices might start to fall. The homes above $350,000 have been moving a little slower than those under that price range in Copper Lakes, but overall no dramatic change in prices or sales activities. New construction has been slower in Towne Lake, Cypress Creek Lakes and Bridgeland near by and less inventory homes ready for purchase. This along with a lack of resale homes coming on the market in Copper Lakes has kept prices steady.
As we enter the 4th Quarter, general real estate sales activity is expected to slow down in Houston and Copper Lakes. Prices, however, are expected to stay level as we still see most homes in Copper Lakes receiving a contract from Buyers under 90 days. Individual homes prices can very greatly depending on condition, features such as pools, over all size, location and other factors. Always plan ahead when selling a home and discuss your situation with Mark McNitt, local Realtor in Copper Lakes and +20 year area real estate expert.
For more information on home prices in Copper Lakes, please contact your Houston real estate expert Mark McNitt at 832-567-4357.