Breaking Down the Numbers: Analyzing North Town Residency Phase 2 Property Prices

Are you curious about the property prices in the highly sought-after North Town Residency Phase 2? Well, wonder no more because we've got all the juicy details! In this blog post, we'll be breaking down the numbers and analyzing just what makes these properties so valuable. From location to amenities, we'll delve into every aspect that affects their worth. So buckle up and get ready for a data-packed ride through one of the hottest real estate markets around!

North Town Residency Phase 2 Property Prices

As North Town Residency enters its second phase, it's clear that the city has hit a bullseye. Residents are enjoying an upswing in quality of life and property prices are soaring as a result. In this post, we'll analyze the prices of homes and condos in North Town Residency Phase 2 prices list  to see just how much value is being created here.

We'll start by looking at the median sale price for townhouses, condos and attached homes in Phase 2. As you can see, all three categories have seen significant increases compared to Phase 1. The median sale price for townhouses has skyrocketed from $275,000 to $395,000 (+60%). The median sale price for condos has also increased significantly, going from $269,900 to $374,200 (+54%). Finally, attached home sales have seen an even more drastic increase – from a median sale price of $257,500 to $371,000 (+87%).

Clearly there's a lot of demand for North Town Residency properties right now. But what about location? In order to determine where sellers are getting the highest asking prices and find the best deals on properties in Phase 2 so far, we looked at each category's proximity to major amenities and commercial areas.

As you can see in the table below, all three types of properties located within one mile of major commercial hubs (like I-285) are commanding higher asking prices than those located further away. However, there is still considerable value

Analysis of North Town Residency Phase 2 Property Prices

The prices of North Town residency phase 2 properties continue to rise, with the average price for a single-family home reaching $1,164,000 as of July. This marks an increase from the June median price of $1,095,000 and makes North Town one of the most expensive neighborhoods in Houston.

However, despite the high property prices, North Town residency phase 2 is still seeing high demand among potential homebuyers. The median list time for a house on the market in North Town is just 1 day and 19 minutes, which indicates that there is a lot of interest in this area. Additionally, the number of closed sales during the first half of 2018 was up significantly from 2017.

While there are many factors that contribute to the high property prices in North Town residency phase 2, one thing that is definitely impacting prices is the growth of Houston overall. According to Zillow’s latest report on U.S. housing markets*, Houston’s population grew by 1%, which is faster than any other U.S. city except for Los Angeles and Seattle. This has resulted in an increase in demand for homes and apartments across all areas of the city – including North Town residency phase 2.

Conclusion

In this article, we breakdown the North Town Residency Phase 2 property prices in order to provide readers with a better understanding of what they are buying and why. By examining each statistic, we hope that our data will help readers make more informed decisions when purchasing a home in North Town.