The Average Price Per Square Foot in The Woodlands, Texas
Because The Woodlands is a Master Planned Township, Price Per Square Foot is a great comparison tool/number. As each neighborhood is developed, builders have a minimum and maximum square footage range they must adhere to in order to have their floor plans and elevations approved for construction. That’s why in The Woodlands we don’t see McMansions and cute cottages side by side in the same neighborhood.
The reason Price Per Square Foot is useful is that it helps to compare relative value based on the size of the properties, instead of the size of the sales price. For example, if your were comparing two properties in the same neighborhood, one listed at $325,900 and the other at $349,750, if you divided the price of the properties by their square footage you could compare the Price Per Square Foot to understand the relative value of each property. Using this comparison method we discover that the lower priced property is not always the best value. Using Price Per Square Foot helps to make intelligent buying and selling decisions.
The picture below illustrates the stability of The Woodlands real estate market over the last two years. I know the size of the picture makes it difficult to study, so if you’ll click on the picture you can download .PDF version.
Wait. There’s more. . .
This chart reveals the difference between the Average Price Per Square Foot for active, under contract and sold properties. If you’re thinking about buying or selling, in addition to these numbers, you’d want to consider Months Supply Of Inventory, Days On Market, Sold Price To Original List Price Percentage and a few other things. If you CLICK HERE you can look at (or download) a collection of sales reports that includes just that.
Lastly, keep in mind that the data shown here represents averages for all neighborhoods and all price ranges in The Woodlands. Naturally, these average numbers would vary in each specific neighborhood. If you’re keen on knowing what happening in your neighborhood or any other neighborhood for that matter, give me a call and we can run an up to minute and detailed report – pronto and free.
Thanks – Ken Brand 832-797-1779
————————————————————————————————–
{ 0 comments }













