Katy City Limits

Katy Farmers Market - LaCenterra

Smith Family Team is interested in the freshest and finest foods. Check out the Farmers Market Saturday mornings at LaCenterra in Cinco Ranch. Impressive....and we want them to stay and increase  the number of vendors.  That will happen if they are supported by the community.  Tired of cooking and want delicious food?  I recommend Diamond B Country Store coming to us from Columbus, Texas.  I've served the King Ranch Chicken and Roast Chicken with green beans and yams....unbelievable.  I may never cook again. For more information about the Farmers Market, click here.  See you there Saturday!

The Truth About Flood Insurance

   Do you need it...or, do you not?  You need it!  As Realtors specializing in the Katy, West Houston area, we advise our clients to purchase flood insurance.

According to Michael Talbott, director of the Harris County Flood Control District, 'Everyone in Harris Couhty is at risk for flooding to varying degrees'.  He futher states that the reason more homeowners do not protectect themselves with flood insurance boils down to three common misconceptions: The belief that flood insurance is too expensive, that not all people are eligible and a false sense of security.

For an interesting Chron.com editorial on the subject click here. If you are interested in information on Flood Insurance email us at: Flood@SmithFamilyTeam.com.  

Smith Family Team Keep Their Ears Open

As Realtors, Smith Family Team always has 'big ears' when it comes to information like, market trends, eminent  domain, governmental actions relating to real estate and interest rates. No one has a crystal ball and economists don't agree but, we're hearing interest rates will be up by April, mortgage requirements may be stricter and the First Time Home Owners Tax credit ends.  Our recommendation - if you're thinking of purchasing a home in 2010 - now is the time.  

West Katy Real Estate Market Report - 01/2010

What's happened in the West Katy real estate market for the first month of 2010?

Here’s the market update from the Houston Association of Realtors year to date as of the end of January, 2010. This information is for Area 25 - Far West Houston which includes 'Katy City Limits'.

There were 153 sales YTD in 2010 vs. 140 in 2009, this represents an increase in sales of 9.29%.  The average sales price YTD is $134,450 which is an increase of 6.93% over 2009.

The median price home is up 4.98% - from $109,500 in 2009 to $114,950 in 2010. Sales price per square foot has gone from $57 in 2009 to $62 in 2010 – an increase of 8.77%. There have been 407 new listings YTD - vs. 335 for the same period in 2009.  That's an increase of 21.49% on the market this year.   As a result there are 7 fewer pending sales this year or 4.40% less.  The days on market for home sales has decreased from 102 in 2009 to 66 in 2010.  There is currently 4.7 months inventory on the market - which means that if no additional homes go on the market all the homes listed would be sold in 4.7 months.

Keep in mind that there are variations in the market within the area - to see what is happening in your neighborhood go to SmithFamilyTeam.com and order your personalized Market Report.

Data compiled by the Houston Association of Realtors Multiple Listing Service.

Reasons To Sell Now

REALTOR® Magazine-Daily News-4 Reasons to Sell Now.

Katy Tigers Win over Seven Lakes Spartans

Exciting times for the Katy Tigers Friday night. They beat the Seven Lake Spartans 64-48 to tie them for first place in District 17-5A at 5-2.

Click here for all the details from The Katy Times.

Fact or Fiction: Katy Attendance Boundary Modification

  The rumors are flying.....everyone wants to know what KISD is planning for boundary modification.  Looks like some are 'up in arms'.  KISD is trying to address the rumors that are out there. They are indicating that the district is considering moving some neighborhoods from Seven Lakes to Cinco Ranch. They have included a map showing the neighborhoods (in yellow) under consideration.

As reported earlier, it does not appear that KISD is considering boundary changes North of I10.

Click here to read full article. 

Real Estate Market Trends for Zipcode 77493

If you like graphs, click here for real estate market trends in zipcode 77493.  If you are interested in receiving graphs, email your zipcode to  Graphs@SmithFamilyTeam.com.

Where in Katy City Limits is the Smith Family Team

We are spending time and money at the Short Stop Market, 5404 E. Fifth Street.  Katy Texas. We should have stopped by last Friday...that's when they sold a $144 million Mega Millions winning ticket. That would buy a bunch of houses in the City Limits..... For the full story.

Bike Ride for Ducks Unlimited at Katy Mills Mall

 

Katy Mills mall will host the third annual Puddle for the Ducks on Feb. 6 to benefit Ducks Unlimited, which promotes wetlands conservation.  Check out Utimate Katy for details.