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Woodspring Forest

Posted: 20 December 2007 by Nadine Huval
Zip 77345

Neighborhood Information

 Total Homes  217
 Median Size  2,361
 Median Lot Size  6,066
 Average Bedrooms  3.6
 Average Bathrooms  2 – 0
 Median Year Built  2003
 Zip Code  77345
 Key Map Grids  297

Woodspring Forest is a recent neighborhood of more than 200 homes on Kingwood’s northeastern edge, offering new construction from Pulte Homes ranging from $145,000 to $180,000, and resale homes from the $120’s to $180’s. The subdivision, begun in 2003, is located at the intersection of Mills Branch Drive and Northpark Drive, in the piney woods of NE Houston at the edge of Harris County. Like Kingwood, this area was annexed into the City of Houston with city water, trash, and emergency services.

Skymark and Pulte Homes are developing the subdivision in three sections. Neighborhood amenities include Humble ISD Schools, sidewalks, a community recreation center with a pool, playground and park area, and access to the more than 74 miles of Kingwood area greenbelt trails. Woodspring Forest is surrounded by neighboring Kingwood Villages of Greentree, Mills Branch, and Mills Creek (Woodstream), and the subdivisions Dunnam Place and Oak Manor. Homes are attractively landscaped and well‑kept.

Woodspring Forest is a deed‑restricted community. Homeowners are members of the Mills Branch Forest Homeowners Association, professionally managed by Principal Management Group. Homeowners are developing an unofficial community web site to share news and information. There are area houses of worship in many denominations. A planned community of more than 250 homes when completed, Woodspring Forest is convenient to all of Kingwood and Humble shopping areas, commercial, and retail businesses along the 1960 and Highway 59 corridor.

Woodspring Forest Annual Sales Information

 Year 2004 2005 2006
 List Price (LP)  $145,784  $157,076  $138,293
 Sales Price (SP)  $134,038  $137,524  $132,243
 SP/LP Ratio  91.90%  87.60%  95.60%
 Avg SP/SqFt  $62.29  $66.18  $62.59
 Days On Market  111  87  73
 Sold Per Month  1.08  1.00  0.42

Woodspring Forest Quarterly Sales Price Per Square Foot

Woodspring Forest Kingwood Texas 77345 Quarterly Sales

During the last 12 quarters ending December 2006, the median sales price per square foot decreased 5.1% from $63.26 in 1st quarter 2004 to $60.04 per square foot in 4th quarter 2006. The sales average for the three year period was 2.5 homes sold per quarter.

During the past three sales years, the highest median per square foot price was recorded during the 2nd quarter of 2006 — a high of $73.99 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. Woodspring Forest averages about 1 to 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

Neighborhood Market Snapshot Report

For additional information on Woodspring Forest, Kingwood, Texas, 77345 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 Woodspring Forest or for your neighborhood.

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