The tremendous increase of activity in sales of new homes in Montgomery at the start of the year sparked off talks of another property boom to hit Texas in general and Houston and its neighboring counties in particular. However, with relative leveling, March 2011 real estate data shows a dip and experts believe this is perhaps to do with the changing price indexes. So, what does this mean for families eyeing new homes Magnolia and Conroe homes for sale?
One interesting fact that should let prospective buyers stand up and take interest is that while Houston city sales got its chunk of buyers thanks to the luxury homes sales, and Montgomery county recorded a dip of 2.2% in real estate sales as compared to March last year, the story with Lake Conroe Tx and Woodland areas has been quite the opposite. Lake Conroe for a fact, recorded an 11% increase when compared to the same month last year, thus indicating a revived interest of buyers in Conroe real estate. Most realtors attribute this renewed interest in both Conroe and Magnolia properties to two major driving factors.
Firstly, there is always the laid-back atmosphere that is always associated with both the places. While Conroe has a wide range of activities for families living in the area, Magnolia Tx homes on the other hand, provide some of the most cheapest deals with respect to acreage. From small homes to spacious 5500 sq. feet abodes, and throw in another 1-10 acres of land with that, it should tell you why Magnolia realty is enjoying so much attention.
In the same vein, the waterfront homes are perhaps the best investment as far as buyers are concerned. In order to get a better feel of the situation, lets take some statistical examples.
The 2010 figures show that all the waterfront homes were valued in the range of $178,000 to $2,475,000.
In 2002, buyers who purchased waterfront Conroe Texas homes at $15,000 to $595,000 saw sales of homes in July 2010 to range between $39,900 and $1,200,000!
This should give you an idea of the profitability factor associated to buying property in the area.
The second reason why sale ability of real estate in the area is so high is attributed to the proximity of towns like Magnolia and Conroe to Houston. With roughly 40 miles separating Conroe from Houston and a mere 25 miles in case of Magnolia, they provide families with the strategic as well financial advantage of being so close to the big city. Driving back and forth to the city for work is not a problem and you know you will be returning back to calm and serene home.
With a large amount of influx from other parts of the country to Houston, real estate Magnolia Texas and Conroe to some extent provide the perfect setting for someone looking to buy a home without the headache of an astronomical mortgage over their head. In fact, Magnolia homes for sale are the choice of ranchers and entrepreneurs who love their peace and quiet.
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Source by James Camroon