What’s happening to Houston Homes sales – Jun 2017 – Record month in History!!!

Just received the report from HAR and I was really surprised with the numbers. With oil price down and many companies went through layoffs and downsizing and last year and now just getting back up this year. But real estate is continue to progress and making record high numbers.

A total of 8,414 single-family homes sold in June compared to 7,771 a year earlier, according to the latest monthly report produced by the Houston Association of Realtors (HAR). That represents an 8.3 percent increase and marks the largest one-month sales volume in history. On a year-to-date basis, home sales remain ahead of 2016’s volume by 7.4 percent. New listings pushed inventory levels from a 3.9-months supply to 4.4 months, the highest in almost five years.

“June proved to be another phenomenal month for the Houston real estate market with buyers and renters sending volume and pricing into record territory,” said HAR Chair Cindy Hamann. “Between continued strong employment numbers and healthy housing inventory levels, we expect the market to remain vibrant.”

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Another important number, Days on Market (DOM), or the number of days it took the average home to sell, fell slightly to 50 days versus 53 last year. Inventory rose from a 3.9-months supply to 4.4 months, matching a level last seen in October 2012.

Another surprising fact, greatest sales gains took place among homes priced from $750,000 and above (categorized as the luxury market), followed by homes in the $150,000 to $249,999 range

We are not reaching any bubble yet. As per Austin Real Estate Center, bubble is only expected in 2024 as per numbers. It is really good and encouraging real estate market due to various factors playing all together. Let it continue and it’s good for both sellers and buyers for many ways…

For detail report, check out HAR.com.

SOLD – Quick Flip Deal – Quail Valley – On Golf Course – Great Schools

Houston Real Estate Investment Properties
Presented by
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Om Realty Properties LLC

Quick Flip Deal, Quail Valley, On Golf course

Property Address
3606 Covey Trail Dr,Missouri City, TX, 77459
4 Bedrooms / 2 Baths / 2 Car Garage
Year: 1976Yr | 1992 SQFT | 11,195 Sqft LOT

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Hard to find 1 story, 4 bedroom on very tree lined street in Quail Valley. Nice size bedrooms with walk-in closets. Formal dining and living areas with great floor plan. Large backyard overlooking Golf Course on Hole #13 of El Dorado.
Investors
ARV: 179K – 189k
Foundation Repair & Other Rehab depending on Exit!
Flip: Rehab – $25,000 Profit – $35,000
Rent Ready – $15,000, Rental – $1600-$1800

DO NOT DISTURB OWNERS
TRESPASSING IS AGAINST LAW

CLEAN TITLE

ALL BIG ITEMS
ROOF – 8 years, AC – 8 years, NEW WATER HEATER

PRICE $120,000 or H&B

GRAB IT FOR NOW!!

Call or Text Vijai today at
281-912-3112
houstonvijai@gmail.com

Click for More Pictures

BUYERS PERFORM YOUR OWN DUE DILIGENCE! SERIOUS BUYERS ONLY! CASH ONLY, SHOULD CLOSE BY JUL 19!
Proof of Funds Required. Showing will be arranged soon.
$5k Non-refundable deposit locks the deal.
(Buyer pays all closing costs including Realtor Fees if applicable)

SOLD – 16510 Oat Mill Dr, Houston, 77095

If you are looking for a great rental property in good community with less hassle to start your portfolio or add to you current one, here is the property for you,

View Current Deal

We have scheduled showing this Saturday – Jul 8th. If you are interested to view the property, please send us email at houstonvijai@gmail.com with POF to get approval to view the property.

Let us know if you have any questions or concerns.

Announcing First Wholesale Deal – Great NW Rental – 4/2/2 – 2000 Built – Copperfield Area!!

Houston Real Estate Investment Properties
Presented by
OMRG_logo

Om Realty Group TX

Great NW Rental, WheatStone Estates Community

Property Address
16510 Oat Mill Dr, Cypress, TX, 77095
4 Bedrooms / 2.5 Baths / 2 Car Garage
Year: 2000 Yr | 2102 SQFT | 0.25 Acres LOT

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All Brick Home, Super Convenient Area close to Hwy 6!!
Investors
CURRENT RENT: $1900 – 1% Rent
ARV: 199K – 210k
TENANT OCCUPIED – MOVE OUT END OF JULY!!
NO PENDING REPAIRS, MIGHT NEED JUST TOUCH UPS!!

DO NOT DISTURB TENANTS

CLEAN TITLE
ALL BIG ITEMS: ROOF, AC, HEATER – GOOD CONDITION
Link to Property Photos

PRICE $185,000

GRAB IT FOR NOW!!

OatMill_Map
Call or Text Vijai today at
281-912-3112
houstonvijai@gmail.com

BUYERS PERFORM YOUR OWN DUE DILIGENCE! SERIOUS BUYERS ONLY! CASH OR FINANCING!
Proof of Funds or Preapproval Required
$3k Non-refundable deposit locks the deal.
(Buyer pays all closing costs including Realtor Fees if applicable)
www.omrealtygrouptx.com/investor-deals

Om Realty Group – Flat Rate Realty Service – Intro Video