Sugar Land Real Estate Market

Sugar Land Real Estate Market

Sugar Land Housing Shortage

The Sugar Land real estate market is currently experience a historic housing shortage. We simply do not have enough homes for sale to meet the current demand. This is great news for home sellers, but worrisome for home buyers.

If you are planning to buy a home in Sugar Land right now, be prepared to offer top-dollar and be involved in multiple-offer, super-competitive negotiations. To strengthen your negotiation position you should get PRE-APPROVED (not just pre-qualified) through a reputable local lender (not a big, national bank) and be ready to show Proof of Funds (as in, copies of bank statements showing the balance).

NOTE
A pre-approved buyer has already submitted W-2s, tax statements, bank statements, etc. to the lender and the lender has actually verified employment, assets, etc. The lender will provide a letter stating this fact.

When a Seller has to choose between multiple offers, the seller will often choose the buyer who has already obtained pre-approval. And often times, that seller will prefer a local lender who can Close faster (within six weeks) over a large, national lender who may take eight weeks or longer to Close.

Houston Employment Forecast

2012 was a good year for the Sugar Land real estate market, 2013 was even better, and there are no signs that things are going to slow down…especially when Houston may have 70,000 new jobs in 2014. Read excerpt from “2014 Houston Employment Forecast: A Publication of the Greater Houston Partnership

Houston Employment Forecast

» Read also  “How long will Houston boom last? Top 5 real estate predictions for 2014
» Read also  “Housing Outlook 2014: 10 Predictions From The Experts
» Read also  “Houston Housing Market Metrostudy 1Q14 Survey Results: Market Continues Surge in 2014; Inventory Constraints Cause Price Increases

Fort Bend Real Estate Sales Data

The Sugar Land real estate market is part of Fort Bend county. The following charts and graphs show data for all properties (single-family homes, townhomes, and condominiums) located within Fort Bend County including: Sugar Land, Katy, Richmond, Rosenberg, Missouri City, etc. It shows the tremendous surge in home sales in Fort Bend County in 2013 as well as the serious lack of inventory (approximately 2 mths).

sugar_1Fort Bend Real Estate

The Sugar Land real estate market is constantly changing. The way we determine the type of real estate market we’re in (Buyer’s Market vs. Seller’s Market) is based on the amount of inventory (homes available for sale) currently available. Six months of inventory is considered “equilibrium”–neither a Seller’s or Buyer’s Market. A Buyer’s Market is considered to be 7 months or more of inventory. This is where the demand for homes is somewhat less than the supply of homes…and where Buyers may have more “say” over house prices than Sellers. A Seller’s Market is considered to be 5 months or less of inventory.  This is where the demand for homes is somewhat greater than the supply of homes…and where Sellers may have more “say” over house prices than Buyers.

Sugar Land Real Estate Market Sales

 

Sugar Land Real Estate Market Pricing

 

Sugar Land Real Estate Market Avg Prices

  IMPORTANT

These graphs and charts are for the entire Fort Bend county.

 

 Sugar Land Market Reports

 

 


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Sheila Cox, Sugar Land Realtor RatingAgent: Sheila Cox, Realtor

Broker: Keller Williams Southwest
1650 Highway 6, #350 (Map)
Sugar Land , TX 77478
Phone: (832) 779-2890

PRIVACY POLICY: It’s simple…I will not sell or share your info with third-parties. I don’t want to bug you…I’m here to help. I may email you useful Sugar Land-specific emails from time-to-time to help you, but you can easily unsubscribe from these emails at any time. I am a real estate agent and I may contact you ONLY IF you have requested me to do so via a Sugar Land Custom Home Search, a What’s My Sugar Land Home Worth, or one of my other free, no obligation services. If I am unavailable to meet your needs in a timely manner, I may ask you if I can have a respected colleague contact you instead.

 


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Copyright © 2014 Sheila Cox. All rights reserved. All information on this page is subject to change and should be independently verified. Please note that data on this Website is derived from various sources and every effort is made to ensure the accuracy of this data. However, Sheila Cox assumes no liability or damages due to errors or omissions.