Timbergrove/Lazybrook community takes the No. 1 spot list of hottest communities.
The latest report has ranked the top 10 communities in the Houston area based on the highest percentage increase in home purchases year over year. Notably, this quarter's report reveals that more communities closer to the Inner Loop have made it to the top 10 list compared to the previous quarter.
The report indicates a growing interest in home sales within communities closer to the city, especially in the north and west areas of the metro. Timbergrove/Lazybrook stands at the top of the list with an impressive 47.7% increase in the number of homes purchased year over year, and the average home price in this area is $654,236. Following closely behind in second place, just like in the previous quarter, is Porter/New Caney East, which experienced a 38.9% increase year over year, with an average home price of $305,543.
Other communities that have made it into the top 10 list include:
Northeast Houston, with a 36.2% increase year over year
Katy-Old Towne, showing a 35.4% increase year over year
Cypress South, which experienced a 23.9% increase year over year
La Marque, with a 17.4% increase year over year
Shepherd Park Plaza Area, showing a 17.2% increase year over year
Fulshear/S.Brookshire/Simonton, with a 17% increase year over year
Conroe Southeast, showing a 14.9% increase year over year
Magnolia/1488, with a 12.6% increase year over year
According to HAR Chair Cathy Trevino, the focus continues to be on affordable housing, which has been attracting more people to smaller, outlying suburbs. However, she also anticipates a potential spike in activity near downtown Houston as more individuals return to the office after an extended period of remote work during the pandemic.
Additionally, a separate list ranks the top five luxury communities, which are all near downtown Houston and have homes priced over $1 million. These communities are as follows:
Rice University / Museum District
