Houston Condo Market Wrap Up End Of January 2011

Houston Condo Market Wrap Up End Of January 2011

The Houston condo market mirrors a lot of the other condo markets in America. It is said that the condo market is set to cool its heels throughout 2011. When it comes to a condo some people are turned off by the idea of having to follow strict neighborhood rules and regulations. But, in the same way that building codes work, having more rules and regulations in place ensures that the property values stay in good shape. There is some good news for anyone interested in Houston real estate. Houston's housing market started to heat up this past January which helped them reach the first increase in sale since June of 2010. The average price of a single family house reached its highest level for a January ever in the city of Houston. With the Houston real estate market showing these kinds of promising numbers, buying a condo in Houston seems like a great idea.

If you are looking for Houston condos for sale, you should find a specific area that you are looking for. There are an innumerable amount of buildings in Houston and the real trick is deciding upon what area you want to look for a condo in. One Park Place of 1400 McKinney Street and The Warwick Towers of 1111 Hermann Drive are two popular areas ofHouston real estate. As far back as April of last year advisors like 2mrealty listed hotspots for Houston real estate like Kingwood, Katy, Pearland, Conroe, The Woodlands, Sugar Land, Livingston, Galveston, Magnolia, and Clear Lake. Overall sites like Zillow place the median list price of a Houston home in January at $160,000, down 3% year over year.

If you're looking to see just how good of an investment condos can be you can check recent sales online to compare. Comparing neighborhood amenities and prices from the same area can give you a good idea of what the property you're thinking about is worth. Condos can be more expensive then some houses, but since you are in a nice neighborhood and you, and all your neighbors, are required to keep things up you can rest assured that your property will retain its value and be worth more than a house of equivalent value.

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