Real Estate Market News for April – Leslie Lerner Properties – Houston Realtor

[wpcol_2third id=”” class=”” style=””]Are you tired of hearing that the Houston housing market is on fire?  Well, it is getting even hotter for summer.  With only a 2.6 month supply of homes, buyers are grabbing whatever they can get, if it is priced according to market data.  These days, a bidding war is more common than not.  In this market, if your house is priced correctly, be ready to move quickly, because many times you will see multiple offers and homes going for more than list price.

Read more about the crazy housing market, shrinking inventory and rising prices below.  Also, many new home features were exhibited at the 2014 International Builders Show in Las Vegas.  Check out what new trends you will be seeing in homes during the next several years.

If you think it is time to buy or sell a home, remember to call Leslie Lerner Properties at 713.489.9900.  Leslie Lerner Properties is the Home of Flat Fee Listings and Rebated Commissions.  A great amount of information can be found at www.LeslieLernerProperties.com.

>>>SEE WHAT PEOPLE ARE SAYING ABOUT LESLIE LERNER PROPERTIES

HOUSTON HOME SALES AND PRICES CLIMB IN MARCH

Currently, Houston has a 2.6 month supply of housing inventory. The Houston Association of Realtors (HAR) reports that although there is little inventory, home sales rose 3.7 percent year-over-year, with March single-family home sales totaling 5,971. That is the largest one-month sales volume recorded since last September.

According to the latest monthly report prepared by the Houston Association of REALTORS® (HAR):

  • Single-family home sales rose 3.7 percent year-over-year, yielding the market’s 34th straight monthly increase;
  • Single-family home sales broken out by price range:
    • $1 – $79,999: decreased 29.8 percent
    • $80,000 – $149,999: decreased 6.1 percent
    • $150,000 – $249,999: increased 8.9 percent
    • $250,000 – $499,999: increased 16.7 percent
    • $500,000 – $1 million and above: increased 28.1 percent
  • Total property sales rose 4.3 percent compared to one year earlier;
  • Total dollar volume climbed 15.3 percent, increasing from $1.6 billion to $1.8 billion on a year-over-year basis;
  • A 2.6-month supply of inventory of single-family homes is unchanged from December 2013, but down from a 3.5-month supply in March 2013 while comparing to the national average of 5.2 months;
  • Rentals of single-family homes rose 22.3 percent while rentals of townhouse/condominiums grew 12.4 percent.

>>>Read the entire release.

BEST IN AMERICAN LIVING AWARDS HIGHLIGHT DESIGN TRENDS FOR 2014 AND BEYOND

Many new home features were exhibited at the 2014 International Builders Show in Las Vegas. According to the judges who reviewed the entries in the annual competition of the National Association of Home Builders (NAHB), the following are a few of the latest and greatest design trends home buyers will see in the next several years.

White on White: Cabinets, flooring, backsplashes, counters, fixtures and appliances are beginning to lighten up.  Layering white on top of white is a new approach in many kitchens and bathrooms that is giving way to a fresh and light feeling. To achieve clean lines and a modern feel, designers and builders are selecting European cabinetry, adding shiny surfaces via appliance, backsplash and countertop choices, and incorporating glass walls.

Bold Exterior Colors: Bold colors are making their way to the exterior of homes. Whether it’s through paint, a mix of cladding materials, doors, windows, porches, shutters or trim, an extra layer of drama is being adding to the design of elevations, further enhancing curb appeal.

Interior Courtyards: Interior courtyards are popular in all housing types right now, including single-family homes, multifamily complexes and within communities. The primary difference is scale. Gardens are popular with home owners and often occupy community courtyards, while multifamily projects use interior courtyards to showcase private amenities such as pools and fire pits. Within single-family homes, courtyards provide private and safe outdoor living areas and are being shifted to side yards.

Out-of-the-Box Amenities: Both single-family and multifamily communities and multifamily projects are being designed fully loaded, with over-the-top amenities that appeal to home buyers. Residents  want to feel as though  they are living in a 4-star hotel, so builders and developers are offering features such as communal kitchens for cooking classes, pools with added wow factors such as a lazy river, a pool for dogs, electric car charging stations, spas, dog parks, concierge services, green walls and great outdoor spaces.

Specialty Lighting: Specialty pendants and fixtures are “lighting it up” this year. Regardless of whether it involves a custom or a stock fixture, designers are finding ways to showcase them as pieces of art rather than just a functional element. Lighting is being paired with wood ceiling details to further enhance the room’s design and create a feeling of warmth.

Historic Style with Modern Flair: New or remodeled homes, whether they are Craftsman, Prairie, Mid-Century Modern or another historic architectural style, are adding modern flair to their traditional designs through color, finish, fixture and lighting selection, while continuing to be influenced by the past through the use of reclaimed building materials and classic proportions and detailing.

Blurring the Lines between Inside and Out: Lines continue to be blurred between the inside and outside of homes.  No longer limited to areas with warmer climates, this is being seen all across the country. Both production and custom homes have moveable glass walls, gourmet outdoor kitchens and interior courtyard pools, adding more everyday living space.

Dual Master Baths: Dual master baths are all the rage. They are glamorous, yet extremely functional.  Surprisingly, this can be achieved even in a smaller space, while remaining simple, functional and clean. Dual baths often have a shared shower and continue to feature fixtures, colors and finishes with a spa-like feel.

Published by the National Association of Home Builders.

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