All Forum Posts by: Jhoana Olarte

Houston Real Estate Highlights for December and Full-Year 2017

• Despite the devastation caused by Hurricane Harvey, 2017 proved to be a record year for Houston home sales with 79,117 single-family homes sold versus 76,450 in 2016, the last record-setting year. That represents an increase of 3.5 percent;
• Total dollar volume for single-family homes in 2017 rose 6.5 percent to $23 billion;
• December single-family home sales climbed 4.1 percent year-over-year with 6,875 units sold;
• Total December property sales increased 3.5 percent to 8,125 units;
• Total dollar volume for December increased 2.8 percent to $2.3 billion;
• At $230,000, the single-family home median price rose 1.7 percent to a December high;
• The single-family home average price declined 0.6 percent to $292,174;
• Single-family homes months of inventory declined slightly to a 3.2-months supply;
• Townhome/condominium sales rose 3.2 percent, with the average price down 5.5 percent to $199,197 and the median price down 9.3 percent to $158,250;
• Leases of single-family homes fell 3.6 percent with average rent up 3.3 percent to $1,745;
• Leases of townhomes/condominiums climbed 7.3 percent with average rent up 2.4 percent to $1,532.

http://www.har.com/content/mls/?m=1&y=18

@Jerry Ta Investor Friendly Property Management in Houston! 

@Jerry Ta Propertycare Highly recommended. Investor Friendly

Hello Community, I have a question if someone has suggestions I will really appreciate it.

I have a client whom is trying sell a house he bought and completely remodeled with his own money. He is considering selling it via owner finance, however, he wants to do a cash-out refinance first. Is there a bank or lender out there that will allow him to refinance the home and subsequently owner finance it to a buyer? 

Please advise.

Thanks 

Houston Real Estate Highlights in October

• Single-family home sales continued their post-Hurricane Harvey rebound as volume rose 7.5 percent year-over-year with 6,381 units sold;
• Single-family home sales remain 2.8 percent ahead of 2016’s year-to-date volume;
• Total property sales increased 6.6 percent with 7,614 units sold;
• Total dollar jumped 10.8 percent to $2.1 billion;
• The single-family home median price rose 3.9 percent to $226,491, which represents an October high;
• The single-family home average price increased 2.7 percent to $285,858, also the highest level for an October;
• Single-family homes months of inventory grew year-over-year to a 3.9-months supply, but is down from a 4.3-months pre-Harvey peak – the result of a surge in consumer demand for housing;
• Townhome/condominium sales rose 5.8 percent, with the average price down 1.1 percent to $195,393 and the median price down 3.1 percent to $153,000;
• Leases of single-family homes rose 13.6 percent with the average rent up 2.8 percent to $1,776;
• Volume of townhome/condominium leases jumped 34.8 percent with average rent up 2.9 percent to $1,533.
• HAR still encourages anyone who has housing available for temporary occupancy (up to 12 weeks) to please post it on our Harvey Temporary Housing page at www.har.com/temporaryhousing to provide housing to those in need.

http://www.har.com/content/mls/?m=11&y=17

Hi Bruce, I am Jhoana I am real estate agent in Houston and Greater Houston area. Feel free to contact me. I would love to help you.

@jerry ta

Raffie @Jerry Ta

if you are looking for a real estate agent in Houston or property management company, I can help! just let me know.

@Dominique Palmer Let me know if I can help you! I work with investors quite a bit all around Houston.