Spring - Klein Edition | July 2020

SPRING KLEIN EDITION

REAL ESTATE

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2020EDITION

VOLUME 7, ISSUE 4  JULY 10AUG. 6, 2020

COVID19 conditions create seller’smarket in Spring, Klein

SUPPLY AND DEMAND DEMAND

Both the number of new listings on the market and the number of homes sold within the nine ZIP codes that make up the Spring and Klein area have been down year over year since the onset of the COVID-19 pandemic in March.

Number of new listings in Spring & Klein

2019

2020

During a time when more people are staying at home than ever before to curb the spread of the coronavirus, moving can become more daunting amid a global pandemic, local real estate agents said. As he and his wife, Ana, had been planning to relocate their family since 2019, Frank Pereira, a former Colony Creek Village homeowner, said when his family put their home on the mar- ket at the onset of the pandemic, it was too late to pause the process. “We were worried about [the pan- demic], but we were already too far into [the moving process], so we decided to go ahead and move forward with it,” Pereira said. BY ADRIANA REZAL & HANNAH ZEDAKER

However, within just ve days on the market, Pereira said the house had already sold: a trend local real estate agents said sellers across the Spring and Klein area are experiencing as a result of low housing inventory. “I think everyone is a little hesitant; if they don’t have to sell, they’re not selling,” said Jerry Santiago, a certi- ed home marketing specialist with The Santiago Team of Better Homes and Gardens Real Estate Gary Greene. “Inventory is way down, but buyer demand, … there’s more trac out there [now] than there was this time last year. … So we’re seeing a very good seller’s market right now.” According to data provided by the CONTINUED ON 17

858

885

810

Overall change: -28.44%

732

589

506

March

April

May

Number of homes sold in Spring & Klein

2019

2020

623

532

504

Overall change: -18.63%

537

409

404

March

April

May

SOURCE: HOUSTON ASSOCIATION OF REALTORSCOMMUNITY IMPACT NEWSPAPER

School districts prepare for unknown in the fall amid ongoing pandemic

areaclosedinmid-Marchandquicklyshiftedtoremote learning for the remainder of the 2019-20 school year, district ocials are now faced with crafting budgets and calendars for the upcoming school year that can accommodate the unknown. “We’ve been challenged quite a bit throughout this budget process, throughout this entire spring semester—changes everywhere you turn,” SISD Chief Financial Ocer Ann Westbrooks said following the board’s approval of the 2020-21 budget June 24. “Even though it’s a lot of uncertainty ahead of us, we feel as though we have a good team. We’ve done a lot of great work, and we’re meeting the challenge every

DISTRICT ACTIONS

Despite no nal plans, Spring, Klein and Cy-Fair ISDs are preparing for students to come back to school.

to an online survey that closed June 9. 20,000 responses Klein ISD received more than

12,543 responses to an online survey that closed June 29. Spring ISD received

$10 million of its 2020-21 budget for COVID-19-related needs. Cy-Fair ISD allocated

BY HANNAH ZEDAKER

The 2020-21 school year is less than one month away and as positive COVID-19 cases continue to increase countywide, Spring, Klein and Cy-Fair ISDs are hoping for the best while preparing for the worst. After school districts across the Greater Houston

SOURCES: CYFAIR, KLEIN AND SPRING ISDSCOMMUNITY IMPACT NEWSPAPER

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