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Real Estate Market Update | Blog

Friday, March 24, 2017   /   by Rene Sorola

MILLION DOLLAR MADNESS!

Bunker Hill, Heights, Bellaire, River Oaks....
Being some of Houston's most high-end and sought after communities isn't the only thing these neighborhoods have in common. This week, Rene Sorola Properties accepted offers in all four of these enclaves on behalf of our clients. And if that wasn't enough of an indicator that our luxury division is working magic in the market right now, every one of them went to escrow in 2 weeks or less!
Interested in selling your home? We'd love to help! Click here to schedule a free consultation with Rene Sorola Properties!



Interested in purchasing a property? We can help with that too! Click here to schedule a consult with one of our Buyer Specialist!
Would like to learn more about the value of your home? Click here for a free Rene Sorola Properties home valuation estimate.
See more Rene Sorola Properties listings here!

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  rene sorola properties, luxury real estate, luxury market update, real estate market update, selling, home selling

Tuesday, May 03, 2016   /   by Rene Sorola

Here are some top features that homebuyers are looking for in Houston

Do you have a house with a barn door, subway tiles and a game room upstairs?
If so, it’s more likely you’ll be successful at selling your home, according to a new report.

Zillow Inc. (Nasdaq: Z) analyzed thousands of home listings across Texas and found certain popular amenities and features likely helped sell homes faster and for more money than others.

Homes with features like barn doors can sell for a higher price — up to 13 percent more — and up to two months faster than homes that don’t have these amenities.
Here are some of the Seattle-based real estate company’s major findings for Houston homeowners:

Listings that mention the following words can be sold at a premium:
“Barn doors” or a rustic sliding door” — sold for 13 percent more than expected
“Shaker cabinets” — sold for 9.6 percent more than expected“Farmhouse sink” — sold for 7.9 percent more than expected
“Qu ...

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  home owner tips, real estate, home selling, real estate market update, selling

Tuesday, April 12, 2016   /   by Rene Sorola

The Galleria moves on up with major expansion

Property Group, the owner of Houston’s premier shopping center, announced Thursday a major addition that promises to keep it at the forefront as the city’s luxury epicenter. It plans to build a 30-story hotel and apartment tower on a 1-1/2-acre property at the corner of Sage and West Alabama, where a Macy’s store was recently demolished.
The new high-rise will be adjacent to a new Saks Fifth Avenue store that opens later this month and near a conversion of the former Saks store into an extension of the mall, with as many as 40 new stores and restaurants.
David Contis, president of Simon Malls, tells CultureMap that the company plans to break ground on the new high-rise within the next year, with a planned opening in late 2019 or early 2020.
The company is in talks with two luxury flagship hotel chains and a smaller independent luxury boutique hotel to operate the property, which will consist of 225 rooms on the first 15 floors. The remaining upper ...

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  real estate, real estate market update, city of houston, current events

Tuesday, March 29, 2016   /   by Rene Sorola

Houston’s Population Gain is Fastest in the Nation

It’s no wonder that traffic has gotten worse. The Houston metro area has experienced the highest population gain in the nation, according to the most recent numbers from the U.S. Census Bureau.
The Houston-Woodlands-Sugar Land area attracted 159,083 new residents from July 1, 2014 through July 1, 2015, bringing the total up to 6.6 million. With a 2.4 percent increase last year, Houston joins Austin and Orlando, Florida as the only three U.S. cities to rank in the top 20 for both overall population gain and growth rate.
Texas has added more new residents than any other state in the country, a whopping 490,000 new residents in that time, according to the report released Thursday. Together, the Houston, Austin, San Antonio, and Dallas-Fort Worth metro areas claimed more than 412,000 of those new Texans.
With a 3 percent population increase, Austin-Round Rock was the fastest-growing metro area in the state, and the seventh fastest in the nation. The area ...

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  real estate, real estate market update, city of houston, current events

Tuesday, March 22, 2016   /   by Rene Sorola

Home Sales Rise as Houston Housing Market Stabilizes

Though overall numbers are up, regional demand is still softening for more expensive properties
Houston’s housing market showed signs of stability in February, as sales of single-family homes increased for the first time since September despite low oil prices and uncertainty about the overall economy.
The results were mixed, however, as demand grew for homes in the $150,000 to $500,000 range, while more expensive properties saw continued softening, data from the Houston Association of Realtors show. Overall, single-family home sales were up 2.2 percent over a year earlier, with buyers closing on 4,602 homes during the month.
Mario Arriaga, the association’s chairman, described the local housing market as healthy despite the energy-industry slowdown.
The optimism from Arriaga and others comes from a diversified economy where jobs are still being added, though at a much lower rate than during the boom.
There were 15,200 jobs created in this region last year, accord ...

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  real estate, real estate market update, city of houston, houston real estate market update

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