April Fulshear/Katy Housing Report

THE MARKET REMAINS HEALTHY

Results for April were reassuring with a continuation of the positive trends that started developing in January.   Spring months though, bring increased Listing activity (supply).  As long as Sales keep the same pace, then we remain in a balanced market where supply and demand are in equilibrium.  That was the situation for April in nearly every community.  So, more good news for all.

Weston Lakes: The number of Active homes on the marketed plummeted to just (48). This was due to the increased Buying Activity that resulted in a total of (14) homes that are now in Pending Status coupled with the (12) that Closed.   However, when looking behind the numbers there is some concern with how many of the remaining Active Listings that are beginning to age on the market. This indicates Buyers are still being very particular and residents need to do all they can to meet Buyer expectations. 

 

Fulbrook: The number of Active homes on the market remained constant at (7); which is more than pleasing considering this is the time for more new Listings to enter the market.  Results were again balanced by the (3) homes that are in Pending Status that offset the new Listings that entered the market. More importantly, the Price Per Square Foot for these homes was very rewarding to see. 

 

Fulbrook On Fulshear Creek: The struggle continues for residents, yet the market here is improving; albeit slower than most would like. The good news is that the number of Active homes remained steady at (22).  However, buying activity slowed a little.  The number of homes in Pending Status also dropped from (11) in March to (8) in April. This would be somewhat okay were it not for the fact that all but (1) of these were New Homes.

 

Cross Creek Ranch: It is a tough market here competing against the New Homes that control the market. Actives rose again in April reaching (150).  Not healthy.  On the other hand, Buying activity remained strong with (63) homes currently in Pending Status. The good news is that the number of homes that Sold rose significantly from (19) in March to (29) in April.  An impressive 52% increase.  Competition with New Homes still remains strong though.  They make up roughly 62% of those homes in both Pending and Sold status.  This means residents need to do more to compete.

 

Market Results for or all of Zip Code 77441: Overall, results were positive.  As per below, Active Listings rose slightly which would be anticipated for Spring.  The number in Pending Status was little changed.  The pleasant surprise is the dramatic increase in the number of homes that Sold. Wow…a 43% increase!

April           March          Change       % Change

Total Active Listings                             285                275              +10                3.6%

Listings in Pending Status                     104                106              -2                 -1.8%

Homes that Sold & Closed                    59                  41                +9                43.9%

SUMMARY:  Although we continue to witness a recovery from a very challenging market, there is still more healing to do before we get back to what most would deem a “normal” market.  Yet, we’re heading in the right direction and I’m optimistic that next month will continue the upward trend.

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Improve Your Mood with These 5 Decorating Tips

Your home is your sanctuary, your refuge from the world. Being in your home should make you feel good, and the decor you choose can influence your mood both positively and negatively. Whether is it through a color palette or lighting component, you can use elements of design to enhance your mood.

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In neuro-architecture, there are 5 areas of brain activity to consider when creating a space that will boost your mood: sensation and perception, learning and memory, decision-making, emotion, and movement.  By addressing the power of each of these senses, you can create the ideal space for your lifestyle.

Improve your sensation and perception by changing your home’s lighting.  A dampening, dark home feels restrictive and dismal. Remove overbearing lights, and replace them with more subtle options such as dimmers or lamps to create ambiance. Natural light is an easy way to evoke freshness and positivity, so open up your window treatments during daylight hours.

Strengthen your learning and memory abilities by incorporating various geometric objects or shapes. Curved or rounded furniture or décor encourages a feeling of contentment and relaxation.

Informed decision making can stem from creative, functional organization. When things are too cluttered an individual will tend to go with the easiest, stress-free option. For example, display fruits in a decorative bowl on your dining table instead of next to your kitchen counter canisters. Or, place a laundry bin in the area you most frequently undress. Efficient organization makes access to good decisions simple & easy.

Bringing touches of life and nature into your home can improve your mood and emotional well-being.  You don’t need a green thumb to grow a few easy houseplants such as pothos, Chinese evergreen or a spider plant. Artwork or collectibles with nature themes can also help create soothing feeling.

Finally, focus on how movement can play a part in your response to your home. A change in environment helps improve mood, so keep your decor from becoming stagnate by deep-cleaning your space and re-arranging your furniture floorplan every few years.

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How to Design a Guest Bedroom

Because your guest room is place where family and friends stay while in town, it requires an innovative design approach when compared to other rooms in your home. As the host, you want to make this space inviting and comfortable, and ensure that it appeals to many different people. It is beneficial to design a functional, relaxing space that any guest would be happy to spend the night in.

Creating the Perfect

Choose Inviting Colors

Studies across the board have shown that colors directly affect mood, and choosing the right color palette can go a long way to create a calm, inviting atmosphere for your guest room. Choose a light, warm wall color such as butter, peach or ivory to give the space a cozy vibe. If you prefer a more soothing look, opt for a cool tone on the walls such as aqua, sage or lilac. You can incorporate brighter or richer shades as accent colors through décor accessories such as window treatments, throw rugs and throw pillows to add visual interest.

Add Multipurpose Furniture

Consider using multipurpose furniture to maximize your space so guests are comfortable and the room remains functional for you. If your guest room has to double as a home office or sitting area, a convertible sofa or a day bed is an ideal option since you can still utilize them when guests aren’t visiting. Especially in a small space, multipurpose furnishings provide additional storage so visitors have some place to organize their belongings. You might add a bench with storage beneath the seat at the foot of the bed, or set an ottoman with storage next to the bedside. A trundle bed is a preferable option if you typically have guests with children.

Lighting is Everything

Guests may be a bit tired from traveling, and they will appreciate your extra attention to the room’s window treatments. Not only decorative, a great set of solid shades or curtains can prevent the morning sun from interrupting your guest’s sleep. You can even layer sheer curtains behind your window treatment so guests have the option of letting natural light in during the day! Proper bedside lighting can also create a dreamy ambiance for guests.

Gender Neutral

The overall design elements of a guest room should accommodate a male or female guest, keep your bedding clean and simple. Visual interest can be added with patterned pillows or a statement wall piece.

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Arts Fulshear Summer Camps 2016

With summer in full swing, it can be a great time of year to find summer camp programs for the kids! And, what better way to go than choosing our local Arts Fulshear as a place for your kids to explore the arts, theatre, dancing and more.

Starting June 6th, Arts Fulshear will open a series of summer camp programs for ages five to fifteen. With online registration options now available, consider enrolling your child in anything from junior theatre to scrapbooking!

Arts Fulshear.jpg

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Kitchen Sinks: A Breakdown by Style & Material

Kitchen sinks undergo a lot of wear and tear during their lifespan, from pots and pans to messy food. In the buying process, you want to make sure you choose the right option for you. Kitchen sinks come in an assortment of great styles, durable materials, and sizes. Check out the breakdown below to help guide you!

Materials

Stainless Steel– The most popular choice on the market and inexpensively priced.

Cast Iron– It is usually covered with a porcelain enamel finish, and very sturdy and heavy. Cast Iron is more expensive than stainless steel.

Composite– Composite is made by fusing crushed granite or quartz with resin, but has same quality durability and aesthetic of real granite and quartz. It is very long-lasting.

Fireclay– Fireclay is made from molded ceramic clay, it is very durable but the coating can chip easily. It has a higher price tag as well.

Styles

Single Bowl

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Photo by Inpicta

 

Double Bowl

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Photo by the Kitchen Fabric Lab

 

Farmhouse

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Photo by wayfair.com

 

Top Mount

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Photo by Mosby Building Arts

 

Undermount

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Photo by HGTV

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Top 9 Most Common Questions & Answers from First Time Homebuyers to Agents

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Photo by Century 21

 

  1.  I’m ready to buy a home. What’s the first step?

The first step a homebuyer should take is getting pre-approved for a loan. This helps you determine how much house you can afford and set a firm budget. Sellers are also more inclined to take you seriously and consider your offer if they know the home is within your pre-approved limit.

  1. How does my credit score impact my home loan?

When determining how much home you can afford and whether you are eligible for a home loan, a lender will look at your credit score. Typically, you need a score of 580 or higher to qualify, but it is recommended to have a 620 or higher. The higher your credit score, the better lending terms you may be eligible for.

  1. How many homes should I look at?

There is no right or wrong number of homes you should view before making an offer. Some people find their dream home in one day, while others house hunt for months. View as many as it takes to find the home that fits your needs.

  1. What’s the best way to search for a home?

You can start by viewing MLS listings on a real estate database, such as HAR.com or Trulia.com. Narrow down the results by searching for homes within your price range and with the desired number of bedrooms and bathrooms. More importantly, have your real estate agent research homes and make recommendations based on your criteria.

  1. How safe is the neighborhood?

No one wants to live in a dangerous city, but your real estate agent can’t help you with this question. Due to the Fair Housing Act, a real estate agent cannot answer questions regarding crime statistics. Before starting your house hunt, research crime data for the cities and neighborhoods you are considering.

  1. How much do real estate agents charge for their services?

Typically, you aren’t paying a real estate agent to help you find your dream home. A home seller pays their real estate agent a percentage of the home sale price, and that agent pays the buyer’s real estate agent for bringing in the buyer.

  1. How much should I put for a down payment?

While it depends on the type of loan, most mortgage lenders require at least a 3-percent down payment, and FHA loans require a minimum of 3.5-percent down. The percentage you are required to put down will depend on your credit history, the type of property, and several other factors. In 2014, the average down payment was 14 percent.

  1. How long does the home-buying process take?

The process varies significantly from each sale to another. Once the seller has accepted your offer, it takes an average of 36 days to close.

9. How will my home purchase affect my taxes?

There are a number of tax benefits to buying a home, but filing your taxes can be a lengthy process if you aren’t familiar with itemizing. You can deduct your mortgage interest payments, as well as property taxes, points paid at closing, interest on home equity loans, lines of credit, and other items. A tax professional can help you decide what to itemize.

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Memorial Hermann Urgent Care Center Coming to Fulshear

On May 12, 2016, Memorial Hermann posted a press release on their website, revealing intentions to open Memorial Hermann Urgent Care in Fulshear in early 2017.

Official Press Release from Memorial Hermann:

The new Memorial Hermann Urgent Care in Fulshear will be staffed with board-certified family medicine physicians from the Memorial Hermann Medical Group (MHMG) who will provide walk-in care for non-life-threatening health conditions. The 2,847 square-foot Urgent Care will also offer x-ray and lab services and join HEB as part of a new shopping center currently under construction at the intersection of FM 1463 and Fulshear Bend Drive.

“We’re pleased to bring this new level of care to the greater Katy area,” says Jim Parisi, Sr. Vice President and CEO, Memorial Hermann Katy Hospital. “Our community is growing rapidly and families need quick, safe, high quality care that’s convenient and close to home. In addition, our Urgent Care will provide an affordable entry point to the full array of healthcare services offered by Memorial Hermann.”

The new Urgent Care will offer residents of Fulshear and Katy the ease and convenience of extended medical care and will serve as an extension of a primary care physician’s office.

fulshearuc-construction

Photo by Memorial Hermann

“The addition of Memorial Hermann Urgent Care will provide Katy, Fulshear and surrounding communities every level of care offered by Memorial Hermann,” says Jennifer Zimmerman, Vice President of Operations at Memorial Hermann Medical Group. “Medical needs don’t always fit into a 9 to 5, Monday through Friday schedule. Memorial Hermann Urgent Care will serve Cinco Ranch, Cross Creek Ranch, Firethorne and surrounding communities with safe, affordable, convenient healthcare seven days a week.”

If your primary care physician is a member of the MHMG, your Memorial Hermann Urgent Care visit will be placed in your Memorial Hermann electronic health record. This will allow your MHMG primary care provider to easily review your Memorial Hermann Urgent Care records during any follow up appointments.

Memorial Hermann Urgent Care in Fulshear will open from 9 a.m. to 9 p.m., seven days a week for walk-in access and will be located at 5102 FM 1463, Katy, Texas, 77494.

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