Research and discussion for citizens and decision makers

Townhomes and condos selling fast

People want walkable amenities

Share This

From January through November, sales of townhomes and condos were up 23 percent, according to data from the Houston Association of Realtors published in a story in the Houston Chronicle:

Prices, tracked through the association’s Multiple Listing Service, are up too. That is especially the case for new properties, which saw a 30 percent increase during that time to $321,809.

While the urban core attracts many of these buyers, the market has grown in master-planned communities that have their own urban centers.

“I’m selling townhomes all the way down in Sugar Land.” said Tim Surratt, a real estate agent with Greenwood King Properties. “It’s about simplification of people’s lives. They want to walk to restaurants, shopping, grocery stores … all that’s important to today’s buyers.”

It’s not just singles who are buying, either.

Families with young children are moving into townhomes, which typically have little or no yard.

They don’t want to commute, Surratt suggested, or perhaps they can’t afford a detached single-family home.

As Houston’s land values have risen, close-in neighborhoods like Montrose, Rice Military and the Heights area have seen an increase in condominium and townhouse-style developments.


More from Houston





Remember my personal information

Notify me of follow-up comments?

Submit the word you see below:

Upcoming Events

There are no upcoming events

More Upcoming Events

Livability News


10 Big Things

Hurricane Harvey suggest the need for a fundamentally new paradigm that values the sustainability of life

Mayor Sylvester Turner

Five strategies to facilitate the paradigm shift in transportation

Jay Blazek Crossley

Stop investing in roads to build new neighborhoods that cause other neighborhoods to flood

More Commentary

Houston Tomorrow
1900 Kane St, #111, Houston, TX 77007
Phone 713.523.5757

RSS Feed