Paige Martin's 4 Intriguing Midtown Houston Real Estate Trends

Midtown Houston Real Estate Trends

Due to the number of new developments, Midtown has a consistent yearly appreciation for the past ten years.  Spanning 617 acres, this mixed-use district of Montrose posted a 49% increase in its median sales price.

The continuous growth of the Midtown real estate is primarily due to its central location at the northeast of Museum District and southwest of Downtown Houston.

The immense financial support that the region is getting from Midtown TIRZ, fueled the construction of mid-rise condos, townhomes, and apartment complexes. 

Further, it’s accessibility to South, Southwest and Gulf Freeways is also a great factor for the success of Midtown’s redevelopment. 

Midtown homes for sale also include single family homes and condos, but townhomes remain as the main housing attraction.

4 Intriguing Midtown Real Estate Market Trends

1. Midtown homes for sale posted a 49% increase in the past 10 years.

From 2005 to 2014, the median sales price of Midtown homes for sale increased from $207,745 to $308,906 – a 49% 10-year appreciation. Midtown’s 5-year performance from 2010 to 2014 is also notable with an impressive 34% increase.

2.  Midtown will continue to have strong real estate market presence in the coming years.

Due to the number of new developments in the region, investors are expecting an influx of new residential projects.  This continuous movement pushed the median sales price by 13% from 2013 to 2014.

3.  Home sales are at an all-time high.

What’s notable about the Midtown real estate market is that newly constructed condos and townhomes are already sold even before project completion or even before they make it to the listings.  In five years (2010 to 2014) time, Midtown homes sold increased from 202 to 368.

4.  Price per square foot increases continuously.

Midtown has a strong real estate market presence evident in its increase of average price per square foot.  From the $119 value in 2005, Midtown price per square foot increased to $167 in 2014, a 40% positive change.

Source: Midtown Houston

Midtown Houston Realtor – Paige Martin

Paige Martin was once featured on Fox News in the Morning, Houston Chronicle, Houston Business Journal, and Houston Magazine for her consistent performance as a Top Producing Broker-Associate in Houston.  She is the owner of HoustonProperties.com and ranks as one of the best realtors in East Downtown Houston, and the Texas State. 

Read more about Paige’s more than 65 awards won in the last few years.

Further, more than 75 of her previous clients have endorsed and recommended her publicly via LinkedIn, YouTube Videos, and HAR.  See one of them below.

“It was a blessing to come across your website! Since I had to move to an area I didn’t know anything about or know anyone else in Houston, it was wonderful to work with someone who understood my goals and desires and really made me feel at home in Houston.  Not only did I meet one of the best Houston realtors, but I feel I made a lifelong friend. Thank you!”