REAL ESTATE
Featured Neighborhood Featured neighborhood
COLONIAL TERRACE, 77005 Colonial Terrace is a community of just over 560 single-family properties within the city of West University Place. Colonial Park can be found within the community, featuring playground equipment, two lighted tennis courts and a youth tness course.
YEAR OVER YEAR MARKET DATA: JUNE The total number of homes sold was lower in three of ve local ZIP codes in June when compared to June 2022, rising in the 77096 ZIP code. In the three ZIP codes where total home sales fell, 77401
59
77005
Median home value $1,604,222
610
77030
the median price of homes sold rose when comparing the two months.
77025
77096
288
Homes on the market* 5 Homes under contract 1
90
NUMBER OF HOMES SOLD
N
77005
77025
77030
77096
77401
Year
BELLAIRE BLVD.
N
2022 2023
33
43
4
33
28
Build-out year: 2020 Square footage range: 1,100-6,000 Schools: West University Elementary School, Pershing Middle School, Lamar High School Property taxes (in dollars): Houston ISD 1.0372 City of West University Place 0.2774 Harris County 0.34373 Harris Health System 0.14831 Houston Community College 0.09557 Harris County Flood Control District 0.03055 Port of Houston Authority 0.00799 Harris County Department of Education 0.0049 Total (per $100 valuation) 1.94565
32
27
4
42
21
Average days on the market* 25 Median annual property taxes** $25,496 Median price per square foot $431.93
MEDIAN PRICE OF HOMES SOLD
WITH YEAR OVER YEAR PERCENTAGE CHANGE
2022
2023
77005
77025
77030
77096
77401
Sale price
+28.3%
$2.4M
$2M
$1.6M
+21.5%
*AS OF JULY 1 **BASED ON MEDIAN PRICE OF HOMES SOLD IN PAST YEAR; EXEMPTIONS NOT INCLUDED
3.5%
$1.2M
+9.5%
4.7%
$800K
NEIGHBORHOOD DATA PROVIDED BY ALINA ROGERS SPARROW REALTY • 281 961 2944 SPARROW_REALTY YAHOO.COM WWW.SPARROW REALTY.COM
$400K
$0
Recently sold homes in Colonial Terrace
4230 Byron St. 4 beds/3.5 baths
4115 Oberlin St. 5 beds/5 full, 2 half baths
4115 Marlowe St. 5 beds/4.5 baths
4122 University Blvd. 4 beds/2.5 baths
2,894 sq. ft.
4,553 sq. ft.
3,687 sq. ft.
3,500 sq. ft.
Sold for $1,240,001-$1,430,000 on July 7
Sold for $2,180,001-$2,500,000 on July 5
Sold for $1,640,001-$1,890,000 on June 16
Sold for $1,640,001-$1,890,000 on June 15
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BELLAIRE MEYERLAND WEST UNIVERSITY EDITION • AUGUST 2023
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