Sugar Land, TX Real Estate News

By Stephen Kendrick, Making Property Management Manageable
(Keller Williams Realty Southwest)
Sugar Land, Texas Homes for Sale - Still Considered a Seller's Market in 2009 Sugar Land, Texas is still considered a Seller's Market right now.  Sugar Land, Texas is includes 2 zip codes.  As of July 31, 2009, the zip code 77478 has approximately 5.3 months of housing inventory on the market.  Anything less than 8 months of inventory is considered a Seller's market.  The average sales price has been $197,500 with 452 homes sold since August 1, 2008.  There are currently 200 active listings for sale with an average list price of $354,000.  Zip code 77479 has approximately 4.3 months of housing inventory on the market.  There were 997 homes sold since August 1, 2008 with an average sales price of $310,750 and there are currenlty 355 active listings for sale with an average list price of ...
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By Stephen Kendrick, Making Property Management Manageable
(Keller Williams Realty Southwest)
Sugar Land, Texas First time home-buyer Tax Credit Deadline approaches.  Are you thinking about buying a home in Sugar Land, Texas for the first time?  Are you wanting to take advantage of the home-buyer tax credit before the deadline approaches?  Then you need to start looking for your new home right now.  Don't procrastinate any longer.  Now is a great time to buy a home.  Home prices in Sugar Land have remained stable for the last several years and Sugar Land is one of the fastest growing areas in Texas and the US.  To quailify for the first time home-buyer tax credit, you cannot have owned a home or property for the last 3 years.  Also, the income limits are $75,000 for single tax filers and $150,000 for married tax filers.  You must close on your new home before December 1st, 2009 ...
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By Stephen Kendrick, Making Property Management Manageable
(Keller Williams Realty Southwest)
Sugar Land, Texas Rental License Program I have been doing rentals in the Sugar Land area for the last 4 months or so, and no one ever told me about this license requirement for rental property owners.  I came across this article on the sugarlandtx.gov website and was very surprised.  I know city licensing requirements usually are only used as a revenue stream, I think this one will actually do the community some good.  Sugar Land, Texas Rental License ProgramA Division of Community and Environmental Services Department  About the Program The City Council passed an ordinance on November 20, 2007 requiring all single family residences used as rental properties in the City of Sugar Land to be licensed and inspected by the City.  This measure has been adopted to help ensure that rental pro...
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By Amber Carrillo
(Atlantic & Pacific Real Estate)
This is a topic that is near and dear to my heart. I am a mom to a special needs child so I speak from experience. Working with families who have special needs isn't for everyone. It takes a vast deal of patience and a willingness to understand more about the person's condition to better anticipate potential needs. Different types of special needs require different things. My child has autism. Looking at lots of different houses is not for him. I know that when I have to take him to work with me that I have to go early, give him time to walk through the house and look at everything. If this doesn't happen its a complete overload and overstimulation and ends with my nerves being shot. We have to take into consideration where we live as well. Families must research the schools their kids ...
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By Amber Carrillo
(Atlantic & Pacific Real Estate)
Is now the time to sell?  This question has been resonating lately from the mouths of sellers near and far.  And, it's a great question!  Let me begin by saying Thank God we live in Texas and especially the Greater Houston area!  We haven't seen any major dives in home prices here compared to the rest of the country.  There are many factors that go into answering this question correctly.  A person must look seriously at their motivation for selling.  Perhaps your company is transferring you to another area or you need to move to get into a better school district.  Maybe the family has suffered from a job loss or other great expense.  Is it something that you must do or something that you want to do?  If it's something that you must do in order to keep from losing your home, then the ans...
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By Mike Wong, Realtor: Commercial, Residential, Leasing, Invest
(Keller Williams Realty Southwest)
Here it is! We finally closed a deal that has been in the works over the past couple of months on a spectacular property in the master planned community of Greatwood in Sugar Land, Texas. I'm so excited that I finally get to reveal what has been in the works now that its completed. I feel like Ive been keeping this huge secret until it was a done deal!    Residents have known this building as the Greatwood Sales Center. Agents have known this building for being for sale on the market for way too long. I knew this was the perfect building for my client, and I could negotiate a great deal on it. In today's market, selling requires an innovative strategy. Coordinating and managing this complex commercial deal in today's financial environment was definitely a challenge. Completing a comple...
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By Mike Wong, Realtor: Commercial, Residential, Leasing, Invest
(Keller Williams Realty Southwest)
This is the second entry of a series of articles I will be contributing to my blog to help educate the consumers and clients who contact me for my services. I will cover the basic steps to get started and help new investors with basic concepts on thier first deals to be successful. In the first article I covered selecting a qualified Realtor and team to get started, and looking for instant equity in properties that are priced below market value. KEY #2: APPRECIATION One of the most basic and most attractive reasons to invest in real estate is the fact that it appreciates over time. Each market has a different rate of appreciation, and there are a variety of factors that will influence the rate of appreciation. There is a general consensus that real estate values double about every 20 ye...
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By Cindy Bryant, "Houston Home Staging Pros"
(Redesign Etc. Home Staging)
                                                                           Central Market H-E-B presents "The Grand Wine & Food Affair."  "The Grand Tasting" featuring some of the most sought-after wines in the world today and the talents of the country's culinary superstars will be at the Sugar Land Marriott Town Square, Friday, April 24th from 7:00pm to 9:00pm. "Sienna Sip and Stroll" will be held Saturday, April 25th from 1:00pm to 4:00pm at Sienna Plantation.  There will be over 40 wineries and a restaurant showcase with culinary delights displayed at 40 tasting tables. For more information click here.      
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By Mike Wong, Realtor: Commercial, Residential, Leasing, Invest
(Keller Williams Realty Southwest)
I get calls weekly from investors who have either heard about me, been referred to me, or have read my blog and become curious about working with me to grow thier wealth in a stable investment rather than the volitile stock market right now. I recently participated in an investor discussion panel with my peers this week and was pleased by the attendance and participation. One thing is for certain, investors need more information and training to make the right deals. Investors need a qualified Realtor to handle thier transactions and provide up to the minute data that is critical to making a wise investment. In the next few days I will be contributing articles geared for new investors and my clients. I will include some case studies and samples of some deals I have done. I look forward t...
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By Mike Wong, Realtor: Commercial, Residential, Leasing, Invest
(Keller Williams Realty Southwest)
As reported in a recent article appearing in the Houston Chronicle, statistics show Houston home prices fall for the first time in 14 years. As well all know from the media coverage, home prices have been falling and collapsing in some markets nationally. Looking at the data Houston is still one of the most stable markets in the country. Our prices and values have not collapsed like other cities. How much of a collapse did we experience? 2%, yes a whole 2% price drop since last year. Where were we last year on our median home prices? Up 1.5%! The magic number put out by the Houston Chronicle is $72.71 as the median price per square foot in the area. However I would consult with your local Realtor to get the details about your specific neighborhood rather than a general average that enco...
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By Mike Wong, Realtor: Commercial, Residential, Leasing, Invest
(Keller Williams Realty Southwest)
Attention all my fellow KW associates and community members. The first ever RED DAY is comming very soon on May 14, 2009. Every Keller Williams office in our region is coordinating volunteers for a large group effort in Galveston Texas. Be there in your RED DAY t-shirts and lets show the world the spirit of Keller Williams by helping our neighbors in Galveston. 1. Project: PAINTING THE TOWN, we will be assigned to properties for interior and exterior of homes and non profit locations all over the island.  2. Time: From 10 AM ~ 4 PM on May 14, 2009. We will meet at Galveston Market Center (1019 16th St., Galveston, TX 77550) at 10 in the morning. We will get our supplies and go to the assigned property for the work. We will finish around 4 PM and then go back to Galveston Market Center a...
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By Steven Teoh, Los Angeles South Bay, Palos Verdes
(West Shores Realty)
Avalon is a master planned community in Sugar Land, Texas located in the highly acclaimed Fort Bend ISD. With more than 70 acre of lakes, water is the themes and inspiration for this beautiful community features Mediterranean style retreat in the hearth of Sugar land This community features four neighborhoods: Avalon-Enclave at waters of Avalon - is the most exclusive neighborhood in Avalon, features elegant custom homes built by Brandenberger & Daigle, Marsters Company, Peterson Homebuilders, Stephen K. Hann Custom Builders, Sterling Classics, Steve Fuqua Homes and Westport Homes. Avalon Gardens - features executive water front semi custom homes ranging from 2,300 to 4,000+ sq. ft. homes exclusively built by Monarch. Avalon Villages - offer affordable, well design homes from 2,200 to ...
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By Mike Wong, Realtor: Commercial, Residential, Leasing, Invest
(Keller Williams Realty Southwest)
Just wanted to say hello to my fellow agents at home and here with me in Orlando! I arrived in the beautiful city late this afternoon and I'm just settling into my hotel. Seems like it takes longer to unpack than it did to pack! Maybe because I'm in a strange room and don't know where I want to put my stuff. So far so good. Ive got a nice comfy room to myself. Some of my fellow agents at the same hotel are complaining about cleanliness and accommodations here. For the same rate everything works for me. Of course being a germ-aphobe I went across the street for some disinfecting wipes. Next time Im packing my own, I bought a mini can of lysol for $6. As a matter of fact 4 bottles of soda, a snack pack of cookies, lysol, listerine, and soap costed $26! Maybe I need to open a convenience s...
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By Mike Wong, Realtor: Commercial, Residential, Leasing, Invest
(Keller Williams Realty Southwest)
Mike's Neighorhood Market Report for Lakefield (February 2009) Currently there are 9 homes on the market for February.    3 available   1 option pending   1 pending sales   4 rentals available   1 rental represented by Mike Wong of Keller Williams 4 home in the neighborhood is currently available for rent. Average monthly rate is $1,265 for the neighborhood. Listed price ranges from $135,000 up to $199,000 for current homes on the market. Since Jan 1, 2008: There have already been 10 homes sold in Lakefield. Average square footage of sold properties is about 1823 sf.  Actual sold price ranges were from $109,000 up to $220,000Average home sales price was $186,505 Here are the current available homes in Lakefield: 3 bedroom, 2 bathroom, 1990 square foot home. Listed at $135,000 3 bedroom,...
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By Mike Wong, Realtor: Commercial, Residential, Leasing, Invest
(Keller Williams Realty Southwest)
It has been a while since I've been active in here the Rain. I'm certainly glad to be back and returning to duty to provide my clients and consumers useful content and information about Sugar Land. I haven't abandoned the industry that I love, I haven't been on a vacation. I haven't been under a rock. I have certainly been busy that ever taking care of my clients and thier real estate needs. Im not sure about the economic slow down locally. Im off to the busiest start ever for a new year. Despite the national media news, real estate transactions continue to happen in Sugar Land and the Greater Houston area. In Sugar Land we are still averaging 50 homes sold per month according to the latest economic report for the area. Thats almost 2 homes sold per day. Leasing occupancy is at an all t...
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By Mike Wong, Realtor: Commercial, Residential, Leasing, Invest
(Keller Williams Realty Southwest)
February 10, 2009 Mike's Neighorhood Market Report for Park Pointe (February 2009) Currently there are 6 homes on the market for February.    2 available   2 option pending   2 pending sales   1 rentals available   1 SOLD by Mike Wong of Keller Williams 1 home in the neighborhood is currently available for rent. Average monthly rate is $1,400 for the neighborhood. Listed price ranges from $125,000 up to $189,000 for current homes on the market. Since Jan 1, 2009: There have already been 2 homes sold in Park Pointe. Average square footage of sold properties is about 2506 sf.  Actual sold price ranges were from $125,000 up to $145,000Average home sales price was $135,000 Here are the current available homes in Park Pointe: 3 bedroom, 2 bath, 1740 sq ft, 1 story home for sale 5 bedroom, 3....
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By Thomas M. Pino
(Sweetwater Home Inspection)
In new home construction, the builders, supervisors, sub-contractors and foremen are lacking the knowledge that is needed to have a safe home. This is the reason why builders are required to have independent Texas Real Estate Commission (TREC) licensed or Professional Engineers (PE) inspectors inspect the new houses that they build. Unfortunately, some of the Inspection Companies are not updated and are lacking proper training. One of the many examples is what is easily installed at the time of building is step flashing. Throughout the Gulf Coast area in Texas and even along some of the bordering counties, the International Residential Code for One and Two Family Dwellings, Federal Emergency Management Agency, the National Roofing Contractors Association and manufacturers of asphalt shi...
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By Mike Wong, Realtor: Commercial, Residential, Leasing, Invest
(Keller Williams Realty Southwest)
Many of us are expecting to be out there shopping at the last minute during this busy holiday season. During the stress of finding parking, last minute gifts, sifting through what is left at the stores, and comming up with something for that someone who has everything, we forget about ourselves. Im not talking about that meal we sacrificed to continue shopping, or the nice gift for ourselves we sacrificed. In all the holiday shopping madness, DO NOT FORGET ABOUT YOUR PERSONAL SAFETY! The holiday season is a time when busy people can become careless and vulnerable to theft and other holiday crime. Here are a few prevention measures to help keep your holiday season joyous. Shop during daylight hours whenever possible. If you must shop at night, go with a friend or family member.   Dress c...
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By Mike Wong, Realtor: Commercial, Residential, Leasing, Invest
(Keller Williams Realty Southwest)
Santa Claus and the Sugar Land Mayor James Thompson will officially light the Town Center Christmas tree to kick off the holiday season today from 5-8 pm tonight at Sugar Land Town Square. All activities are free, with the tree lighting tentatively set for 7:30 p.m. The sixth annual Christmas Tree-Lighting event will include family festivities and a few surprises from Santa as he makes his grand entrance. Local businesses will offer children's activities, including face painting, free holiday photo stations and festive giveaways before the lighting ceremony. Performers will include Sugar Land Super Star winner Melanie Finley, local church choirs and orchestras, and the Austin High School drum line. Stilt walkers and jugglers, sponsored by Sugar Creek Baptist Church, will add to the ent...
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By Mike Wong, Realtor: Commercial, Residential, Leasing, Invest
(Keller Williams Realty Southwest)
I was asked to be interviewed on camera about events happening in Chelsea Harbor in Sugar Land recently. Here is the story from the local news station Fox 26 News Houston: What the story fails to mention is crime can happen anywhere. In retail centers, in homes, in driveways all over Houston from River Oaks, Memorial, or West U. It does not matter the neighborhood, demographics, or area. Crime does not discrimate. This was cut out of my interview and not shown. As the reporter mentioned looking at the history of Chelsea Harbor, crime happens. According to her report and statistics one crime happens per year. Pretty good statistics for a subdivision of over 300 homes and residents. Remember Sugar Land was rated as one of the safest places to live in the country. Chelsea Harbor is not a t...
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