Cypress New Home Prices Up 6%
Posted by Jim Mulholland
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Buying a new home in the Cypress area has become quite a bit more expensive compared to a year ago.
I accumulated sales statistics for new homes Bridgeland, Cypress Creek Lakes, Fairfield, and Towne Lake from November 1, 2012 – February 10, 2013 (today) and for the same dates one year ago (11/1/2011 – 2/10/2012) and compared them.
Over average, the average sales price has gone up from $297k to $315k (6.06%) and the average $/sqft has gone up from $89.56 to $96.36 (7.59%).
See the tables below for the breakdown by neighborhood.
| Community | 2012 | 2013 | Difference |
|---|---|---|---|
| Grand Total | $296,967.79 | $314,952.80 | 6.06% |
| Bridgeland | $297,748.68 | $322,262.49 | 8.23% |
| Cypress Creek Lakes | $287,865.57 | $328,312.14 | 14.05% |
| Fairfield | $275,722.75 | $281,928.73 | 2.25% |
| Towne Lake | $334,940.65 | $322,330.10 | -3.77% |
| Commmunity | 2012 | 2013 | Difference |
|---|---|---|---|
| Grand Total | $89.56 | $96.36 | 7.59% |
| Bridgeland | $93.90 | $100.53 | 7.05% |
| Cypress Creek Lakes | $84.31 | $92.12 | 9.26% |
| Fairfield | $84.04 | $91.20 | 8.52% |
| Towne Lake | $95.44 | $98.58 | 3.29% |
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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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