Today's market condition update shows Bellaire (77401) going RED in the weighted average, becoming a buyer's market. It joins Afton Oaks, West U, Tanglewood, Briargrove, and Memorial in the buyer's market weighted average. See the chart here.
When times were great for inner-loop Houston single-family real estate they were not as great for the Memorial Park area (77007), which historically (since 2004) just could not get to the magic "SELLER"S MKT" designation. But in late 2008 they did achieve it and have recently gotten there again, in total contrast to what has happened to the other inner-loop neighborhoods in this time of recession. Way to go 77007! I've always rooted for you . . .
definitely 77027, the Afton Oaks area. Today's market condition update shows six of its eight price ranges to be RED in inventory, a buyer's market. This is happening at the high end, a result of so much redevelopment during the past decade. This zip code also experienced the highest appreciation in recent years in price per square foot paid so you might say they experienced a slight "bubble" that is now bursting. See more here about 77027 market conditions and appreciation.
