Gleannloch Farms Market Update | March 23, 2022

Let's find out what is happening in the real estate market in the neighborhood of Gleannloch Farms in Spring, Texas. In the last week, 6 homes have sold in Gleannloch Farms, with an average sale price per sqft of 168.84, with all but one going over list price. 

4 Homes went pending last week, growing the total to 18 homes currently pending. 

There are currently 7 active homes, with 71% of those carrying over from the previous week. 

The average on homes staying active are about one week, which is on par with neighboring subdivisions. 

For some perspective we can compare the first three weeks in March 2021 to March 2022. We see a 29% increase in average sale price, a drop to 36% less active homes on the market, with an average DOM of 35, almost double from this time last year. 

What does this mean for sellers? You should expect to get about 29% more for your home this year and you will have low competition due to inventory, much like last year. The troubling thing you see here is the DOM. Normally in neighborhoods where the inventory is low, the DOM is directly proportional, so why are you seeing an inverse relationship? Simply put, homes aren’t being marketed properly. Price is the major driver, but there is a lot that goes into getting a home sold quickly, and for the right price. The real estate team responsible for the most listings in the neighborhood is also responsible for the 2 active homes with the highest DOM right now,both of which have had price reductions. Just some food for thought. Bottom line, do some research before you list, don’t always hire the name you see plastered all over the neighborhood. 

Buyers, you will have slim pickings as usual. Based on DOM some sellers in the area may have some unrealistic expectations of their home value. It does not appear this neighborhood is trending in the direction of a “HOT” market like many others around, though that seems largely due some people being unwilling to follow market trends properly. 

Can we sell yours?

So if you are in need of a listing agent, we would love the opportunity to see your home and meet you of course. My husband, Edward, and I, look forward to being the brokerage and team for you! You can reach out to us via email: [email protected] or telephone: 832-493-6685.

Read more:

If you are curious 'How to get more money for your home when listing it for sale', check out this blog post.

I hope you have found this blog post super helpful. If there is anything else we can do for you, including helping you sell (or buy) a home, I would be honored to assist. I hope you have a great day/evening. Cheers, E + J.

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We are so happy you found our little corner of the interwebs. We look forward to y'all reaching out to us. We love to answer questions and welcome them. Recently we created some local maps, and you can download those by clicking the image/link above. Below, you will find an index of some very helpful information to assist you in learning more about the Houston suburbs. If you are relocating to our neck of the woods, we hope you reach out to us, because we would love to help you by being your local realtor and friend.

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If you are looking to relocate to the Houston Area, we would love to meet you, and hear your story. Below you will find all of my contact information, as well as some homes for sale in the area. We truly look forward to hearing from you! P.S. Don't forget to check out our YouTube Channel!

If you are overwhelmed..

Now if you are feeling overwhelmed on where you should plant your roots, I would love to talk to you. You can schedule a call with me by click this link: http://byjoandco.com/call or just send us an email: [email protected]. There are some amazing communities all over the Houston suburbs. In this post, https://search.byjoandco.com/blog/best-neighborhoods-in-houston/, I deep dive into all the different suburbs/neighborhoods that you might want to consider, and why. There are many resources here, so please reach out if you are curious what to look at next! Thank you for trusting us.

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