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Sunset Ridge
Neighborhood Information
Total Homes 300 Median Size 1,962 Median Lot Size 7,843 Average Bedrooms 3.6 Average Bathrooms 2.6 Median Year Built 2004 Zip Code 77396 Key Map Grids 376
For several years now, the NE Houston area around Lake Houston has been booming with additional master-planned communities and subdivisions of new construction housing — all part of an estimated 12,000 new homes to be completed around 2012. Sunset Ridge, a new master-planned development located in Humble on Beltway 8 near the intersections of Ralston Road, Woodland Hills Drive, and Lockwood Road, is part of that development.
When completed, the community will include about 1,000 homes. Home builders include Lennar, Brighton Homes, and David Weekley Homes. The currently developing subdivisions of Sunset Ridge and Sunset Ridge West sandwich the previously-established subdivision of Timberhills. Sunset Ridge is surrounded by neighboring area subdivisions of Canyon at Park Lakes, Canyon Gate at Park Lakes, Canyon Village at Park Lakes, Deer Trails, Eagle Creek, and Fall Creek.
Sunset Ridge is a deed-restricted community, with a professionally-managed community association by Principal Management Group of Houston. Neighborhood documents are currently available through the manager, or through the Harris County property records.
Sunset Ridge residents are zoned to Humble ISD Schools. When completed, neighborhood amenities will include a community swimming pool, six gated parks, and sidewalks. There are area houses of worship in many denominations. Shopping, dining, and entertainment are close at hand along the Highway 59 and Beltway 8 corridor.
Sunset Ridge Annual Sales Information
Year 2004 2005 2006 List Price (LP) $104,490 $113,067 $139,849 Sales Price (SP) $104,323 $113,097 $137,066 SP/LP Ratio 98.80% 100.00% 98.00% Avg SP/SqFt $67.71 $67.98 $66.00 Days On Market 44 48 64 Sold Per Month 0.25 1.50 2.75
Sunset Ridge Quarterly Sales Price Per Square Foot
During the last 12 quarters ending December 2006, the median sales price per square foot decreased from $75.42 (4th Qtr 2004) to $65.91 per square foot. Sunset Ridge is relatively new, and no MLS sales closed until the 4th quarter of 2004.
During the past three sales years, the highest median per square foot price was recorded during the 4th quarter of 2005 — a high of $80.35 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. Sunset Ridge subdivision averages between 1 and 2 closed sales 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 Sunset Ridge, Texas, 77396 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 neighborhood information for Sunset Ridge or for your neighborhood.
Sunset Ridge homes for sale or lease
Latest Blog Postings
Why should I pay asking price if the housing market has dropped 15%
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.
Do Realtors share blame for mortgage mess?
A Houston Chronicle Real Estate discussion posted a few weeks ago asked if Realtors share blame for the mortgage crisis unwinding across the country. Citing dual-licensed Realtors (those holding real estate and mortgage brokers licenses) as part of the problem, some forum participants pointed to the potential conflict of interest between real estate and mortgage brokerage as a reason for the mortgage crisis, while others stated that dual-licensed Realtors couldn’t adequately perform both jobs as agent and mortgage broker. Both could be valid points — yet, the number of Realtors holding a both a real estate and mortgage license isn’t large enough to have contributed to the mortgage crisis in a significant way.
Houston Market Conditions
Buyer & Seller ResourcesSeptember 2008: Home sales down dramatically as Houston recovers from Hurricane Ike
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.
Real Estate News
- Seller Financing Becomes Popular Alternative
- Good Credit? Home Loans No Longer a Sure Thing
- Some Home Sellers Can Be Lenders Too
- Consumers' Credit Getting Not So Easy
- Nearly 1 in 6 Owners 'Under Water'
- Finding Ways to Dodge Foreclosure
- 10 Most Expensive States for Closing Costs
- Home Buyers Acting On Lower Prices
- Getting a Mortgage Tougher for Buyers
- Economists: Housing (Price ) Declines to Remain Small