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

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MAY NEWS YOU CAN USE
Housing Stats ∙ School Report Card ∙ Home Price Survey ∙ Best Product Winners of the 2014 International Builders Show

It is hard to believe that school is almost out and summer is here. It is equally hard to fathom that Leslie Lerner Properties has hit it’s one year anniversary. Woohoo! Thankfully, it has been a wonderful first year. People really do want flat fee listings and rebated commissions! In the first year, over 50 transactions were closed amounting to $34 million+ in inventory. Due to the growing popularity of Leslie Lerner Properties’ innovative approach to real estate commissions, in the last few months, I have added more terrific agents to the team. All of these accomplishments could not have been possible without wonderful referrals by clients, former clients, friends and family. Thank you all for your continued support!!

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

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.  Leslie Lerner Properties offers all of the service for less money, when buying or selling a home.

Learn more about Houston and surrounding area schools in the Houston Chronicle’s 2014 School Report Card

How did your neighborhood rank? Check out the Houston Chronicle’s 2014 Home Price Survey.

HOUSTON HOME PRICES REACH RECORD HIGHS IN APRIL, BUT LOW INVENTORY CREATED FLAT SALES

Houston’s 34-month run of positive sales came to an end in April due to low inventory. The homes that sold, hit the highest level of all time. The Houston Association of Realtors (HAR) reports that the supply of homes has remained at 2.6 months of inventory since December. That is down from a 3.4 month supply in April 2013 and much lower than the national supply of 5.2 months of inventory. 6,438 homes were sold in April, which is the largest one-month sales volume recorded since last August.

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

• Single-family home sales were statistically flat year-over-year, marking an end to the market’s record 34 consecutive months of positive sales;
• Single-family home sales broken out by price range:
  • $1 – $79,999: decreased 33.4 percent
  • $80,000 – $149,999: decreased 6.3 percent
  • $150,000 – $249,999: increased 7.0 percent
  • $250,000 – $499,999: increased 7.7 percent
  • $500,000 – $1 million and above: increased 6.0 percent
• Total property sales were also statistically flat compared to one year earlier;
• Total dollar volume increased 6.6 percent, from $1.8 billion to $2 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 3.4-month supply in April 2013 while comparing to the national average of 5.2 months;
• Rentals of single-family homes were up 10.9 percent while rentals of townhouse/condominiums rose 7.8 percent.

>>>Read the entire release.

BEST PRODUCT WINNERS OF THE 2014 INTERNATIONAL BUILDERS SHOW

The National Association of Home Builders (NAHB) named the winning products in its second annual Best of International Builders’ Show Awards 2014.
More than 250 exhibitors applied to be considered for this year’s awards. Awards were given to exhibitors with a product or line that shows the best combination of design, functionality and innovation. The awards were given in seven categories, plus an overall Best in Show award. The winners were:

• Best Home Technology Product: trutankless by Bollente Companies
- The world’s smartest water heater that integrates with home automation systems and has its own app.
• Best Kitchen Product: Halo HU20 Magnetic LED Undercabinet Luminair by Eaton’s Cooper Lighting Business – Unique under cabinet LED lighting than can be easily relocated with magnetic contact.
• Best Bath Product: Decorative Channel Drains by Quick Drain USA
- These drains feature grills by architect and designer Michael Graves to create an attractive, curbless universal designed, ADA designed or wet room shower.
• Best Indoor Living Product (Two Winners): 1) Push Pull Rotate Door Locks by Brinks Home Security – The first residential door locks that open in three ways—by turning or rotating, or by gently pushing inward, or pulling outward to release the door latch. 2) Salt-Free Water Softening System by nuvoH20 – This system uses citrus instead of salt, wastes no water, uses no electricity and takes up less than a quarter of the space of other softeners.
• Best Outdoor Living Product: Classic Series by Coronado Stone Products – Oversized tiles that were created to mimic the elegant stone used in some of the architectural wonders of the world.
• Best Window and Door Product: Goldberg Barn Track by Goldberg Brothers, Inc. – Interior residential sliding door hardware kits.
• Most Innovative Building Product: JetBoard by JetProducts – A replacement to drywall, OSB/Plywood and is resistant to mold and mildew, termites and water.
• Overall Best in Show: Push Pull Rotate Door Locks by Brinks Home Security – The product serves an age-old problem of opening the door when your hands are full, and could also benefit an aging population whose hands may need additional support.

Published by the National Association of Home Builders.
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All of the service, for less money!

LESLIE LERNER PROPERTIES WILL:

• List Homes $300,000 – $799,999 for $4,500
• List Homes $800,000  and up for $12,000
• $200,000 – $299,999 for $1.5%
  >>Read More

• We will rebate 1.5% of the Buyer’s Agent’s Commission if we show you 1 – 3 homes.
• We will rebate 1% if we show you 4 – 6 homes.
  >>Read More

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