THE WOODLANDS, TX - The housing market in The Woodlands is so hot right now that homes are selling sometimes within just a few hours of being put up for sale.

Realtors said The Woodlands is one of the hottest markets in the Houston area, if not the hottest market of them all. The boom started more than a year ago with the migration of employees for the new Exxon world headquarters just south of The Woodlands.

That development will eventually include thousands of new homes but realtors are already fielding multiple offers in a single day on existing homes. The buying binge has also spread to the neighboring communities of Spring, Magnolia, Montgomery, and Conroe where dozens of new subdivisions are under construction.

Realtors said homes in the $200,000 to $400,000 range are selling the fastest. A normal market would have about six months of inventory available.There is less than one month of inventory available in The Woodlands in the $200,000 to $400,000 range. Homes above $1 million are selling faster than normal too.

The Spring area, south of The Woodlands, is showing some of the most obvious explosive growth. Spring Stuebner Road from Kuykendahl to I-45 along the south edge of the Exxon property is being widened from a two-lane country road blacktop to a five-lane cement thoroughfare.

Preliminary construction is beginning on the next phase of the Grand Parkway which will connect Highway 290 to I-45 and run along the south edge of the Exxon campus. Within a two-mile stretch of Spring Stuebner, extending north on Gosling Road, four different brand new housing developments are under construction.

Realtors suggest that need for patience will last at least for few more years. They predict the housing market in The Woodlands buying boom won't peak until 2017.


Posted by Tamborrel Bulox Team on
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