Sugar Land, TX Real Estate News

By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
What is the real estate market like in Sugar Land, Texas?December 2023?When it comes to buying or selling a property, understanding the current real estate market is crucial. Let's dive into some key real estate metrics that can help both buyers and sellers make informed decisions.First, let's look at the Months Supply of Inventory, which is currently at 1.88. This metric represents the number of months it would take to sell all the homes on the market at the current pace of sales. A lower number indicates a seller's market, where demand exceeds supply, while a higher number suggests a buyer's market, with more homes available than buyers. In this case, with a relatively low supply of inventory, it indicates a competitive market favoring sellers.Now, let's discuss the 12-Month Change in...
Comments 3
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Are you diving into the exciting adventure of selling your home? In real estate, one crucial factor stands tall – the skill of pricing. It's not merely about assigning a number; It involves researching your neighborhood and strategically positioning your property in the market.In the real estate world, your home's selling price is influenced by the market -- what a buyer is willing to pay and what a seller is willing to accept. To determine your home’s potential value in today’s market, realtors perform a Comparative Market Analysis or CMA for short.Here’s how a CMA works:First, we carefully select a minimum of three comparable properties that have recently sold in your neighborhood and closely resemble your home. If recent sales are not available in the last six months, we extend our s...
Comments 1
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Are you ready to elevate your living space without breaking the bank? Whether you've just taken on a fixer-upper or are preparing to sell your property, strategic home improvements can be a game-changer in enhancing your home's value. At the forefront of selling your home is recognizing its potential as a sought-after commodity in the market. To maximize your impact, it's crucial to transition your mindset and focus on the buyer's perspective rather than personal preferences. Rather than tailoring improvements to your tastes, instead focus on projects that resonate with most buyers, ensuring your home stands out in its best light.Depending on your budget, here are some home improvement ideas that will enhance your home's appeal and promises a good return on your investment.Budget-Friend...
Comments 5
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
So, you've been thinking about making that giant leap into homeownership? That's an awesome decision on your part! Owning a home is not just about having a place to call your own; it's like opening a door to a myriad of financial and personal perks. As your friendly REALTOR®, I understand the benefits that homeownership brings to individuals and families. Let's explore several reasons why owning a home is a game-changer and a wise investment to make NOW, rather than later.Building Equity: Your Secret Financial SuperpowerLet’s start with the big one – building equity over time. Unlike renting, where monthly rent payments contribute solely to the landlord's wealth, each mortgage payment you make gradually increases your ownership stake in your home. Equity represents the difference betwee...
Comments 6
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Welcome to Sugar Creek, the first and oldest master-planned community in Sugar Land. Established in 1970, this golf-course neighborhood is located at the corner of Dairy Ashford and U.S. 59. The unmistakable beauty of the magnificent pillars and tranquil reflecting pool at the main entrance makes for a truly captivating first impressions. It's a sight to behold! Sugar Creek has a rich history and offers a unique blend of timeless charm and modern conveniences. With easy access to downtown Houston, Sugar Creek is close to restaurants, schools, and shops. First Colony Mall and Sugar Land Town Square are just minutes away.  Housing Options for Every LifestyleNestled on a sprawling 1200-acre landscape, the Sugar Creek neighborhood offers a remarkable selection of 1,721 homes, many of which ...
Comments 2
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Whether you are a first-time homebuyer or a seasoned real estate investor, one crucial step that should never be overlooked is a thorough home inspection. While many people associate inspections with older, resale homes, the truth is that they are equally important for newly constructed properties.In this blog, we will explore why a home inspection is an essential part of the home buying process, offering peace of mind and safeguarding your investment.What is a home inspection?A home inspection is a visual, non-invasive safety and quality assessment on a property that is going to be sold. During this process, a licensed inspector examines various aspects of the home including its structural integrity, heating and cooling systems, plumbing, electrical work, as well as water and sewage sy...
Comments 2
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Nestled in the northern part of Sugar Land, Imperial is a 720-acre master-planned community just 18 miles southwest of Houston. Imperial at Sugar Land is all about luxury living in a thriving suburban setting. The community was designed by Johnson Development Corp. in 2014 and has gained a reputation for its unique charm and amazing amenities. Imperial is located in the heart of Sugar Land's coveted historic district.In this blog, we're going to dive into all things Imperial, from what you can expect in terms of property taxes and home styles, to the amenities the community has to offer, and why more homebuyers are falling in love with this sweet destination.What's the neighborhood like in Imperial at Sugar Land?Imperial is a mixed-use development incorporating residential, commercial a...
Comments 1
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Hi everyone! Today, I want to talk about something that’s probably on the minds of a lot of folks looking to buy a home: those pesky high mortgage interest rates that just won’t quit.I mean, seriously, interest rates have shot up to around 7.5 percent! Ouch, right? It can feel pretty daunting for many homebuyers out there. But overcoming this challenge is not insurmountable.There are several things you can do to navigate around the high interest rates so you can achieve home ownership and increase your chances of securing a favorable interest rate.First step: Improve your FICO score!  Your credit score plays a pivotal role in determining the interest rate lenders offer you. A higher credit score generally translates to a more favorable interest rate. Lenders view borrowers with higher c...
Comments 2
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Avalon, Sugar Land is a beautiful waterfront community comprised of five subdivisions located off of Commonwealth Boulevard just minutes away from Highway 6 and U.S. 59.With more than 70 acres of lakes, water is the theme and inspiration for this 427-acre master-planned community developed by Monarch Development of Texas.Each subdivision in Avalon has its own price range, property taxes, and HOA annual dues. Enclave at Waters of Avalon (72 homes) Gardens of Avalon (191 homes) Meadows of Avalon (118 homes) Villages of Avalon (295 homes) Waters of Avalon (120 homes) Price Range:Homes in Avalon start in the mid $400,000s and extend beyond $1 million. Single-family homes and townhomes in Avalon Sugar land were built between 1995 and 2005.  Homes range in size from 2,300 square feet to well ...
Comments 1
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
If you've ever been involved in buying or selling a home, you've likely encountered these terms before: seller's market, buyer's market, and balanced market? But what exactly do these terms mean?In this blog, I'll explain these terms and illustrate how they can impact the pace of your home's sale. By gaining a deeper understanding of the current market conditions and key indicators, you’ll be better equipped to make informed decisions and navigate the home buying and selling process with confidence.Months of Inventory: Understanding current market conditionsThere are two questions I am often asked when working with seller clients: What should I list my property for? How long will it take to sell? While there are a number of factors that can play a role in determining how quickly your ho...
Comments 3
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
First Colony Sugar Land is a 9,700-acre master planned community located at the intersection of U.S. 59 and Highway 6. Although the majority of First Colony is nestled within Sugar Land, there are specific areas of the community, primarily south of Dulles Avenue, that stretch into portions of neighboring Missouri City.The development of First Colony Sugar Land began in 1977. It is considered one of the oldest and more established neighborhoods in Sugar Land. Many of the homes were built in the 1980s and 1990s. First Colony is comprised of numerous subdivisions, each having its own price range, property tax rates, school zones and annual HOA fees. First Colony is zoned to excellent schools in Fort Bend ISD.One of the biggest advantages about living in First Colony Sugar Land is that it p...
Comments 3
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Inflation is one of the significant factors that impact mortgage rates. Inflation usually leads to higher mortgage rates since it decreases the value of the U.S. dollar. When inflation goes up, mortgage rates also tend to increase. This means getting a mortgage loan to purchase a home can become more expensive as higher interest rates translate into higher monthly mortgage payments. But now, let's shift gears to brighter prospects! Shall we?If you are planning to buy a home later this year, you're probably wondering about the interest rate dance. Historic trends and market analysis suggest mortgage interest rates are poised to take a favorable turn in the upcoming months. This could mean more affordability and flexibility for those looking to buy a home. Here are three expert projection...
Comments 2
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Greatwood is a waterfront and golf-course community nestled on Sugar Land's southwest side, located just off U.S. 59 and the Grand Parkway (SH 99).Spanning an impressive 2,050 acres, Greatwood comprises 29 distinct subdivisions, featuring serene lakes, inviting swimming pools, well-designed playgrounds, a meticulously maintained golf course, scenic walking trails and beautiful parks. With this wide range of amenities, there's definitely something to suit everyone's needs. Whether you're in the market for waterfront properties or golf course homes, there's a place to match your taste and budget in Greatwood. The landscapes are breathtaking, and on top of that, you are zoned to excellent performing schools.Curious about the price range in this neighborhood?Greatwood Sugar Land offers affo...
Comments 1
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Elevate your home selling experience by harnessing the power of staging, which showcases the unique features of your property both indoors and outdoors. This strategic approach not only captivates a larger pool of potential buyers but also accelerates the selling process, ensuring optimal returns. Beyond setting the right market price, staging is a pivotal factor in securing a successful sale.Here's a perfect analogy.......Remember when you fell in love with the "one"? You felt an emotional connection with that person. And before you knew it, you were ready to take the next step: marriage.The same goes for buyers. Buyers need to feel emotionally connected to your home before they are ready to take the next step: the home purchase.  Buyers buy based on emotion (how they FEEL about the ho...
Comments 7
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
In a world where energy efficiency ratings are attached to almost everything we buy from appliances with the ENERGY STAR symbol such as washers and dryers, to fuel economy ratings for cars, you might be wondering: Is there a way to measure the energy efficiency of an entire house? The answer is yes.It's called the HERS® Index and it looks like this. The HERS® Index stands for Home Energy Rating System. The rating system was created by the Residential Energy Services Network (RESNET) and serves as the national industry standard for evaluating a home's energy efficiency. The lower the number on the scale, the more energy efficient the home is. The higher the number on the scale, the less energy efficient the home is. Homes built in the 1970s have a HERS® Score of 130. Whereas a standard n...
Comments 2
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Nestled in the heart of Sugar Land, Telfair is a beautiful 2,018-acre master-planned community built in 2006 at the corner of University and Telfair boulevards. The neighborhood comprises 2,884 single-family homes built around 70 acres of lakes and numerous trails and walkways. With its numerous recreational amenities, beautiful parks and access to high-performing schools in Fort Bend ISD, Telfair truly has everything you need.What is the price range of homes in Telfair?The price range in Telfair vary, but generally, you can find homes there starting in the mid $400,000s to over $1 million, depending on where you reside in Telfair. The average size of homes is about 3,500 square feet, with an average of four bedrooms and three bathrooms. The average lot size is 9,423 sq ft.Most of the h...
Comments 4
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Often times, buyers think "pre-approval" and "pre-qualification" are the same thing. I've seen this term being tossed around interchangeably. But the truth is, these terms are very different.Pre-qualification is based only on the information a borrower provides to the lender. The lender does not verify information about the borrower's assets, income and debts. The lender assumes that what he or she is being told is true. The pre-qualified loan amount is what you'd likely get approved for based only on the information you provide to the lender. An offer with a pre-qualification letter will not sit well with a seller because there’s no guarantee that the borrower will be able to obtain financing to purchase a home.Pre-approval is a much more involved process. The borrower completes a mort...
Comments 3
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Now that you've executed a sales contract with the sellers, it's time to get approved for a mortgage loan.This is the most time-consuming part of the transaction process. But, if you have all the paperwork together, the process should go smoothly. As a rule of thumb, it usually takes an average of 30 to 45 days to close a real estate sales transaction when financing is involved. There's a lot of back-and-forth communication between the underwriter and borrower during this entire process.Three Players in the Loan Approval Process Loan originator (or representative): This person collects the borrower’s loan application and other supporting documents to send to the loan processor.  The loan originator is your “go to” person during the mortgage approval process. The loan originator needs to...
Comments 1
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Established in 2007 by Johnson Development Corporation, Riverstone is a beautiful 3,860-acre master-planned community located off of Highway 6, three miles south of U.S. 59. The neighborhood is shared between the cities of Sugar Land and Missouri City.If you live in Riverstone, you have convenient access to Sugar Land Town Square, which is a fantastic shopping and entertainment hub. There, you'll find a wide range of boutiques, restaurants and cultural events to explore and enjoy.  Additionally, nearby Missouri City offers its own charming attractions. You can visit its historic district and take in the beauty of the scenic parks. With shopping centers, recreational facilities, and entertainment options just a short drive away, there are plenty of things to do.Additionally, Riverstone o...
Comments 0
By Rosie Crow, Exceeding Expectations. Delivering Results
(Serving Sugar Land, Richmond, Rosenberg, Missouri City)
Welcome to the New Territory Market Report for May 2023. I’m excited to share the latest data with you. It's a hot seller's market in New Territory, and that's great news for sellers out there because the market is firmly in their favor. *Source: TAR Market Viewer and HAR MLS data.In May, the number of active listings stood at 14. With a limited inventory available, buyers are eagerly competing with other buyers for the chance to secure their dream home in this sought-after community.The number of homes sold in May were 13, reflecting the robust demand and the swift pace at which properties are changing hands. This high level of sales activity signifies a market that is extremely HOT!One of the most compelling indicators of New Territory’s seller’s market is the low months of inventory,...
Comments 3