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Neighborhood Information
Total Homes 176 Median Size 2,080 Median Lot Size 46,904 Average Bedrooms 3.2 Average Bathrooms 2.0 Median Year Built 1987 Zip Code 77532 Key Map Grids 338, 339
Spanish Cove subdivision is located on the east shore of Lake Houston, south of FM 1960 and west of FM 2100. Piney woods, typical of NE Houston, decorate large homesites and lake front properties. Established in the early 70’s, the subdivision features homes ranging from the $140’s to $340’s and some recent construction has completed since 2000. Vacant home sites can still be found among the more than 300 residential lots. Spanish Cove is close to the neighboring subdivisions of Covecrest, Indian Shores, Happy Hide A Way, Lakeside Manor, Saddle Creek Farms, and Shorewood.
Spanish Cove is a deed-restricted community managed by its own homeowner’s association. Neighborhood documents are available on file at the Harris County Real Property Records.
Spanish Cove residents are zoned to Huffman ISD Schools.Neighborhood amenities include a private neighborhood boat ramp with access to Lake Houston, deed restrictions which allow horses, and a community park area with picnic tables and barbecue pits. Shopping, dining, and entertainment are close at hand in Crosby, Texas. Across Lake Houston to the west are Atascocita, Humble, and Kingwood areas along FM 1960, West Lake Houston Parkway and the Highway 59 corridor.
Spanish Cove Annual Sales Information
Year 2004 2005 2006 List Price (LP) $214,460 $203,675 $252,557 Sales Price (SP) $208,305 $194,703 $242,554 SP/LP Ratio 97.13% 95.59% 96.04% Avg SP/SqFt $88.23 $94.33 $108.09 Days On Market 73 119 88 Sold Per Month 0.83 0.67 1.17

During the last 12 quarters ending December 2006, the median sales price per square foot increased 34% from $76.53 to $102.44 per square foot.
During the past three sales years, the highest median per square foot price was recorded during the 1st quarter of 2006 — a high of $122.45 per square foot.
Quarterly sales numbers provide a view of seasonal variations as well as year-to-year changes in the sales price per square foot. Spanish Cove averages about 1 closed sale per month — the small number of sales affects the price per square foot calculation, reducing the effectiveness of the adjacent chart in illustrating price trends.
Neighborhood Market Snapshot PDF Report
For additional information on Spanish Cove, Crosby Texas, 77532 active listings, market activity and price trends, check out the complete printable PDF report or request an updated report with the most current HARMLS sales information for your neighborhood.
Neighborhood Spotlight information and the Neighborhood Market Snapshot report contain MLS data which is current on the report date. However, MLS data is effected by market and economic trends, and changes frequently. Therefore, the report may not reflect current neighborhood market conditions when you view or print it. Request an updated report with the latest MLS information for Spanish Cove or for your neighborhood.
When you were searching for homes in Houston, maybe you didn’t realize that you were viewing a limited number of listings on nationally-know web sites like Google, Zillow, or Yahoo, but a recent survey suggests just that. The WAV group studied “advertising web sites” and found that many lacked the most up-to-date listing information, with some sites missing between 31% and 64% of the listings, according to their survey results as reported in TexasRealtor Magazine.
Today’s Houston real estate asking prices are derived from local market conditions based on comparable sales prices paid by home buyers in a particular neighborhood. Despite recent sales volume declines, prices are holding steady across Houston. While that may not be true for all Houston area neighborhoods, there hasn’t been an overall 15% drop in Houston home values. The housing supply is growing — tending to favor home buyers — but it hasn’t increased enough to force home sellers into large double-digit price reductions.
Hurricane Ike’s impact on local housing sales was dramatic — power outages and property damages forced the postponement of real estate closings across the area. Houston’s residential real estate housing market sales were down significantly in September 2008 with a year-to-year sales decline of 29.5% — the lowest September sales volume in years. Nationally, sales for existing homes were up 5.57% in September.
Markets across the US experienced home price declines of up to 20% or more, while Houston’s median home price for existing single-family housing made modest gains throughout the current year. In September, the median price increased again — jumping 5% in year-to-year comparisons from $150,000 to $157,500. For the US market, the median home price declined 9.0% from $210,500 to $191,600 in year-to-year comparisons.