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IS A HEALTHY, balanced real estate market finally here? Per HAR data, the answer is ... kind of? Inventory is at the highest level since 2011, prices are holding steady, and the city and metro area continue to grow in population. Having lost population after Harvey and Covid, the city welcomes significant yet sustainable growth — and a housing market that can handle it.
Modernized older homes on large lots, like this recently sold home at 6266 Cedar Creek, draw buyers.
Family-friendly and boasting a prime location just west of the Galleria, Briargrove is having a moment: The average sales price of a single-family home here during the 12 months ending in July 2024 was $1.23 million — a whopping 20 percent increase over the previous year. Homes are selling faster, too, averaging just 25 days on the market.
Suburban Sprawl
23454 Millbrook Dr. in New Caney is listed for $416K.
With a mix of “affordability, modern amenities and customizable options,” new-construction homes in suburban areas like New Caney, due east of The Woodlands, are in high demand. The Montgomery County community — twice ranked No. 1 by HAR in its quarterly list of Hottest Communities — boasts an average sales price of around $240K, and sold 140 percent more homes during the second quarter of 2024 compared to that of 2023.
Oaks With The Most
Listed for $998K, 1054 Gardenia in Garden Oaks sold in July after just seven days on the market.
Beloved for its Heights-adjacent location and charm, Garden Oaks is movin’ on up ... almost to the million-dollar mark. The average sales price of a single-family home here is more than $925K — and the number of transactions over the past 12 months ending in June increased by around 50 percent compared to the year prior. In neighboring Oak Forest, home prices jumped 20 percent, to an impressive $811K. Meanwhile, in the Heights proper, both sales price and the number of transactions remain relatively flat year-over-year.
Land Down Under?
Brian Spack lists 4934 Dumfries Dr. for $1.3M.
It seems like flood-prone Meyerland has learned a thing or two after all these years — and now it’s the rest of Houston that’s reeling from natural disasters. So while home prices across the city remain relatively flat, those in Meyerland are up 10 percent year-over-year, and houses — like this raised new build complete with a car lift in the garage — are sitting on the market for 25 percent fewer days.
West Side Story
Listed by Kim Perdomo with the Perdomo Group, 290 Knipp was under contract after just five days.
The Memorial area is often thought to primarily consist of the Villages. But go toward and beyond the Beltway and you’ll find scores of tight-knit comunities that make up the Memorial West market area — where home prices are up by 7 percent and days-on-market is down by about the same. It was named HAR’s Hottest Luxury Community of Q1 2024, with transactions up 33.3% year over year.
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Massive Coffeeshop Expansion Plans, Mediterranean Go-To's New Location, and More of This Week's Food News!
Aug. 21, 2024
THE SUMMER RESTAURANT scene has been hot, hot, hot — and August is, unsurprisingly, no exception. Favorite cafes are rapidly expanding, while others are staying put — but giving their menus a mega overhaul. Read on for this week's most delicious food news!
Hungry's
The Mediterranean healthful hot spot with locations in West Memorial and Rice Village has opened a beautiful new cafe on Woodway, in the adjoining spaces that previously housed Le Peep and Barnaby's. The giant Tanglewood outpost has been in the works for years, and the families that own the brand have taken this opportunity to turn over the reins to the next generation of restaurateurs. Expect the same great bar program and weekend brunch, plus expanded innovative offerings in the plant-based category, which has kept Hungry's relevant (and tasty) over the decades (think roasted-beet "poke"). There's also a lively patio, tree-lined and boasting seats at the indoor-outdoor bar.
Common Bond
Common Bond Tanglewood
Common Bond is another Houston favorite that recently tapped into the Tanglewood market. Taking over Local Foods' former spot on San Felipe at Bering, the coffeeshop known for its croissants as big as your face seems right at home in the light-filled, soaring, two-story space. This one is a "bistro and bakery" location, like the original one in Montrose, with counter service for breakfast, brunch and lunch, and seated dinner with hearty offerings. Get cozy in a camel-leather-upholstered booth, or opt for the urbane patio once the mercury drops.
Coffee Fellows
Coffee Fellows Bellaire (photo by Andrew Hemingway via Heirloom Interactive)
Speaking of Common Bond: The former On-the-Go outpost on Eldridge will soon become Coffee Fellows, one of four new locations of the Euro-chic coffeeshop brand that plans to massively grow its footprint in the region. After opening two successful cafes in Katy and Bellaire, Coffee Fellows North America announced its Energy Corridor location in Eldridge will open in September, followed by ones in Katy Mills Mall and Cypress before the end of the year. Its sixth outpost will open in Pearland in 2025. In a release, Coffee Fellows says it combines "European charm and American convenience," providing customers with an inviting and cozy environment to work, gather, and relax. "Our 'Feel at Home' promise is at the heart of everything we do," said CEO Daniel Ogbonna. "We proudly offer free alternative milks, free Wi-Fi, and high-quality food and beverages served on china. We aim to provide a second living room where our guests become our family."
State of Grace
Baguette and caviar butter at State of Grace
River Oaks fave State of Grace has announced it will reboot as a nostalgia-inspired steakhouse in September. Chef-proprietor Ford Fry, along with his VP of culinary, Drew Belline, and chefs Bobby Matos and John Quinn, dreamed up the new menu of wood-fired steaks, classic entrees, shareable sides and seafood specials, all catering to the vibe of "Golden Age of Dining," per a release. What's that, you ask? It's a time when "servers remember your drink order and steak temperature, continental cuisine and perfectly executed classics reign supreme, and guests are invited to wile away the languid Texas days with friends." There will be savory bread service with spreads and dips to start, and a Texas-size pecan ball to cap off a hearty meal. And the interiors got a refresh, too: Expect a lot more "quirky and whimsical" art and decor, with plenty of brass and leather, a nod to the OG design.
Galveston Island Wine Festival
Fish Company Taco's Dirty South taco (photo by Becca Wright)
Embrace the heat and humidity at the Galveston Island Wine Festival, Aug. 30-Sept. 1, at Moody Gardens. There's a chef duel on Friday, in which seven competitors including David Cordua will create dishes to pair with vino from the globe's seven wine regions. And Saturday and Sunday bring morning yoga sessions, live music, al fresco brunch, and tastings in cool corners of Moody Gardens including the Aquarium Pyramid! Of course, there's also delicious food, and guests can get an exclusive sneak peek of beloved Fish Company Taco's brand-new menu.
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