Real Estate market in different regions of Houston
I'm starting to feel very nervous about what my property value has been recently. I bought my house in East Pearland(near Pearland Pkwy and McHard) for around $405k at the very end of 2022. We got new flooring, bathroom reno, and a new roof(for only 2k thanks to TWIA). In total, we're looking at around $430k after improvements.
However, a house around the corner has been on the market for a year now and is 300sqft larger, and is not selling for $430k. I dont think there are many updates, but, this house plus a handful of others in the neghbrhood that have been on the market for over 9 mos. has gotten me nervous.
In contrast, a friend mentioned his neighborhood(Bridgeland), homes are selling within a couple months. He's looking to buy somehwere else and homes he's looked at in Cinco Ranch, Woodlands are selling so quickly he hardly has time to view them.
What does the real estate values look in your neck of the woods? Should I be super worried how my neighborhood doesn't have as robust of resale as those on the west side?
submitted by /u/OducksFTW
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