June Fulshear/Katy Housing Report

MIXED RESULTS FOR JUNE

Results for June were truly mixed and were most influenced by which neighborhood in which you live.  Those residents in more mature neighborhoods with less New Homes, such as Weston Lakes, faired pretty well in June. Those living in communities where New Homes comprise a significant percentage of the market, such as Cross Creek Ranch, did not do quite as well.  However, regardless of the community, the cloud hanging over all is the lack of a significant number of Buyers to begin absorbing an oversupply of inventory.

Weston Lakes: The number of Active homes remained exactly the same at just (50).  This is good news and means that the Sold activity kept pace with New Listings.  Also, rewarding to witness were the (12) homes in Pending Status which is up a bit from May and supports continued Buyer activity.  There were (8) that Closed which would be average, yet the Sold Price Per Square Foot was pleasing at $131.

 

Fulbrook: The number of Active homes on the market dropped by one to just (5).  That is two months in a row with lowering inventory. Very good news!  There is just (1) home in Pending Status, but with such low inventory, that too is good news.   More importantly, there were (2) Closings and they averaged over $200 per square foot.  Again, more good news.  So, across the board, Fulbrook residents should be pleased with the results in June and be able to look forward with renewed confidence. 

 

Fulbrook On Fulshear Creek: It is proving to be quite a challenge for residents here that are wanting to sell their home.  The good news is that the number of Active Listings dropped in June to (22) which was down from May’s (28) but equal to April’s.  However, the concern is the lack of Buying activity.  There are no homes in Option Pending, which means no homes went under contract in the last 2-weeks.  There are (8) in Pending though, which is a bright spot.  However, there were only (2) that Closed in June.   That would mean with (22) in Active and (2) that Closed, then at this rate there is (11) months of inventory on the market.

 

Cross Creek Ranch: The market dynamics are somewhat similar to that of Fulbrook On Fulshear Creek; in that residents in both communities are in a fierce battle with the New Homes.  In June, the total number of Active homes on the market remained nearly the same as May with (164).  That is good news on the surface. However, (74) of these, or 45%, are New Homes.  Yet, of the (56) Listings in Pending Status, New Homes comprised 61% of the activity.  So, there are lesser New Homes, but they are significantly out-performing the Resales.  The same is true for those that Sold.  There were a total of (36) and 49% were New Homes.  So, it’s a war against the New and homeowners must figure out how best to compete. We’re happy to help show you how! 

 

Market Results for or all of Zip Code 77441: Overall, results were encouraging, yet just on the margins.  The most rewarding result is that the number of Active Listings declined, albeit ever so slightly.  However, that is much better than an increase. So, good news.  The number of homes in Pending Status increased significantly while the number of Closing remained almost the same as in May.  Overall, the results would indicate stability. Unfortunately, the market is stable at a precarious level.  If you take the total inventory of Active homes and those in Pending (395) and divide that by the number of Closings (56), then that would mean there is 14-months of Inventory on the market.  Not good news!

                                                                   June             May          Change       % Change

Total Active Listings                              302               310              -8               -2.6%

Listings in Pending Status                        93                85                8                9.4%

Homes that Sold & Closed                       56                58               -2              00.3%

SUMMARY:  In June, all three categories that comprise Active inventory, Pending and Sales posted reasonable results.  However, these results are compared to preceding months which were not good. The below picture is a visual metaphor of the market. Overall, there are the remains of dark clouds hanging over the market due to an over-abundance of Active homes on the market coupled with a lack of sufficient number of Buyers.  Some communities are experiencing scattered thunder storms as they try to weather the storm against the New Home Builders.  Other communities have some rays of sunshine peeking thru the dark clouds as inventory remains stable and signs of improvement are witnessed.  Yet, for all residents in Zip Code 77441, the challenge facing Sellers and Agents alike is to confront the reality that there simply are too few Buyers chasing too much inventory.

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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

granite-double-kitchen-sink

Photo by the Kitchen Fabric Lab

 

Farmhouse

farmhouse-30-x-18-stone-kitchen-sink-nsk3018

Photo by wayfair.com

 

Top Mount

kohler-top-mount-sink

Photo by Mosby Building Arts

 

Undermount

rx-kohler_wheatland-sink_s4x3-jpg-rend-hgtvcom-966-725

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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