Lake Jackson Texas: Real Estate Market

The Lake Jackson real estate presents a variety of choices for people interested in residential or other forms of housing. Lake Jackson has 10,094 households; depreciation of home value is at 0.6%, 336 homes are for sale at present including 67 foreclosures. 64% of homes in Lake Jackson are owned, 26% are rented and 8% are vacant. The total number of properties in Lake Jackson is 8910 at present in 2009. Average listing price is $197,889, median sales price is $66,529 and average price per square feet is $51. New developments are taking place in the following streets in Lake Jackson: Yaopon Street, Hickory Street, Daffodil Street, Spanish Oak, Camellia Street, Jackson Oaks Street, Oak Dr, Walnut Street, Flag Dr W, Jasmine Street, Shamrock Ct, Winding Way Street, Pearl Dr, and Bachelor Button. Homes are available with realtors Century 21, Usa Mls, Prudential Gary Greene, Har.com, Birdsong Real Estate, ERA, American Realty LJ, and Ambassador Realty. Sales volume is relatively low with about 1 sale in July 2009. Sales volume depends on the time or the period of the sale including boom time or recession. Home prices are known to bring down sales volume and higher prices are known to affect lesser sales. Also, sale prices increases as sales volume increases. It is a cycle that recurs every time there is a pike or bust in demand. Realtors are known to increase prices as they start receiving multiple inquiries for a single property. Hence, increased demand is a reason for increased sales volume. House appreciation is dependent on demand and the reason a property has higher appreciation is due to several factors including a new shopping mall being built nearby, a new road or highway junction near it, tax rebates for the area for environment friendly behavior, or for maintaining a record of being a crime free locality. Localities with dog parks or other recreational arrangements are also good candidates for maintaining a steady appreciation of real estate or property. Housing areas with record of bad drainage, water supply, high crime or homicide rates, anti-social neighborhoods nearby, loud music played in its vicinity due to a music arena or stadium are known to receive bad ratings over a period of time, inspite of good base property value. The average monthly rent is $701 in Lake Jackson. There 2.7 adults per household, and median age is 26 years. It takes 123 days for homes in Lake Jackson to move from the listings to a contractual sale. The maximum days on market were 513 days. People of Lake Jackson are ready to wait for longer periods to see their homes sold. The average days on market for state of Texas were 128 days and maximum days on market was 1076 days. Zillow.com is known to offer its trademarked Zestimate service to estimate house values over 1 year, 5 year and 10 year periods. It also quotes value ranges along with 30 day changes.

Houses for 4 bedrooms, 2 bathrooms, ceramic floors, open concept kitchen, dining and living areas. Bedrooms with new carpet and warranty, brand new kitchen cabinets and new updated bathrooms. A master bedroom with bath and French doors to the backyard. It retails for $118,900. Single family home with 4 bedroom, 2 bathrooms, 1,858 square feet at 404 Yaupon St, Lake Jackson TX 77566.  A good neighborhood with open floor plan in kitchen and living area. A walk in pantry, appliances, air conditioner unit. Lot size is 8,442 square feet, 3 bedrooms, 1 bathroom with home size of 1,262 square feet. It is located at 112 Hickory St, Lake Jackson TX 77566. The cost is $90,000. 3 bedrooms, 2 bathrooms, 1628 square feet, single family home, lot size of 0.23 acres at 210 Daffodil St, Lake Jackson TX 77566. Retail price is $119,000. Lake Jackson has been renamed Richwood. A beautiful custom home built by Peltier Builders. Open Concept living, split bedrooms, 10 feet ceilings, game room above garage, kitchen with granite counters, custom wood cabinets, stainless steel appliances, pantry opening to breakfast and living area, crown moulding and recessed lighting, neutral colors, frieze carpet, and ceramic tile. It is marketed by Prudential Gary Greene Realtors and retails for $339,000. It has 2,559 square feet area and is at 137 Spanish Oak, Lake Jackson TX 77566.