Planning on buying a home in Fulshear, TX? Discover what is currently happening in the local real estate market as well as what is likely to happen in the coming months.
Expect More New Homes in Fulshear, TX as the Population Grows
Fulshear’s population has grown by more than 300% since 2000. Of course, the only way to support this kind of growth is by expanding the inventory of homes. In recent years there has been a flurry of building in Fulshear. Residential building permits went from 1 in 2007 to 397 in 2012. Buyers can expect to see more new builds throughout the year.
Exclusivity Equals Competition
Just because more homes are being built that doesn’t mean there’s ample availability. Many of the new communities in Fulshear offer limited home sites because exclusivity is highly desirable. In popular neighborhoods like The Pond at Cross Creek Ranch competition can get high.
Value is High Even as Prices Increase
Even though Houston area homes for sale have been increasing in price they still are a better buy than homes in many other areas of the country. Mortgage tracking site HSH.com used recent data to determine that Houston was only the 13th most expensive metro out of 27 included in their study.
Luxury Real Estate is Expanding
Upscale communities like The Pond at Cross Creek Ranch are in higher demand than ever before. According to the Houston Association of Realtors, the average price of homes in Fulshear is $630,692 landing it very squarely in the luxury market. It’s also worth noting that in 2014 more $1+ million homes were sold in the Houston area than ever before.