real estate

HAR Ranks the Region’s ‘Hottest’ Communities: See Which Neighborhoods Made the List

HAR Ranks the Region’s ‘Hottest’ Communities: See Which Neighborhoods Made the List

A condo at 5000 Montrose Blvd. in the Museum District went under contract after just four days on the market.

THE INFLUX OF people to Texas over the last couple of years — and to Houston, specifically, over the past decade-plus! — has led to some interesting trends in the housing market. A recently released report from the Houston Association of Realtors (HAR) details the hottest communities in the region — and, spoiler alert, the suburbs are red-hot!

The Q3 update utilized data such as average sales price and number of transactions that took place in 2023 compared to the same timeframe of 2022. The number-one community was Fulshear/South Brookshire/Simonton, located in Fort Bend County, with an average sales price of $506K — well above the Houston average of $417K. The number of transactions increased by more than 56 percent, and homes there took an average of 40 days to sell.

Five of the top-10 slots are occupied by communities whose average sales price came in well below that $417K average: Santa Fe, Tomball, Sugar Land North, Huffman and, finally, Denver Harbor, whose homes are selling for an average of $283K with a whopping 38 percent increase in the number of transactions year-over-year.

Another section of the report analyzed which “luxury” neighborhoods, with homes priced $1M and above, are among the market’s highest-performing. At the top of this list is Rice/Museum District, with an average sales price of $1.1M and a 25 percent increase in the number of transactions, followed by River Oaks, Tanglewood and Bellaire.

The Jordan Ranch master-planned development in Fulshear has tons of amenities.

602 Orchard Ln. just hit the market in Sugar Land North.

29731 Orchard Grove Dr. in Tomball is on the market for $750,000.

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