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Neighborhood Information
Total Homes 337 Median Size 1,700 Median Lot Size 5,750 Average Bedrooms 3.4 Average Bathrooms 2-0 Median Year Built 2002 Zip Code 77044 Key Map Grids 416,417,&456
Stonefield Manor, a subdivision development of more than 300 homes in the North Channel area of the city and the Sheldon ISD school district, was developed beginning in 2001. Stonefield Manor offers recent construction homes from Houston builders Lennar, Beazer, and NuHomes, with average home sizes ranging from 1,200 to 2,400 square feet and resale prices ranging from the $80’s to the $140’s.
Located in northeast Houston, just west of East Beltway 8 off C.E.King Parkway and Tidwell Road, Stonefield Manor is situated in an area of Houston that has seen growing affordable residential development in the last 10 years, with the shortest suburban commute to downtown Houston and sustained growth of more than 3% per year, according to the North Channel Area Chamber of Commerce. Stonefield Manor is bordered by neighboring subdivisions of Hidden Meadow, Stonefield Terrace, and Parkway Forest.
Stonefield Manor residents are zoned to Sheldon Independent School District. There are area houses of worship in many denominations. Local shopping, dining and entertainment areas are quickly developing along the East Beltway corridor south to Interstate 10.
Stonefield Manor is a deed‑restricted community in the Stonefield Terrace Community Association, professionally managed by the Principal Management Group of Houston (PMG) from whom neighborhood documents can be obtained. Water service is provided by the Parkway Utility District. Trash service is provided by Republic Waste.
Stonefield Manor Annual Sales Information
Year 2004 2005 2006 List Price (LP) $104,664 $106,072 $105,366 Sales Price (SP) $105,370 $105,280 $105,035 SP/LP Ratio 100.70% 99.30% 99.70% Avg SP/SqFt $61.37 $59.69 $64.93 Days On Market 49 85 46 Sold Per Month 2.3 1.3 1.2

During the last 12 quarters ending December 2006, the median sales price per square foot decrease 11% from $62.00 in 1st quarter 2004 to $55.46 per square foot in 4th quarter 2006. The sales average for the three year period was 4.73 homes sold per quarter.
During the past three sales years, the highest median per square foot price was recorded during the 3rd quarter of 2006 — a high of $76.00 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. Stonefield Manor averages between 1 and 2 closed sales per month, with sale prices reflecting a modest down trend.
Neighborhood Market Snapshot PDF Report
For additional information on Stonefield Manor, Houston, Texas 77044 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 Stonefield Manor or your neighborhood.
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.
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.
While most housing market indicators have been tracking negative for months, Houston’s median home price for existing single-family housing is positively buoyant despite steady declines in sale volumes in recent months — the median price increased 1.5% in June 2008 when compared to last year. Houston’s residential real estate housing market sales were lower again in June 2008 with a year-to-year sales decline of 15.1% — the slowest June sales volume since 2004. Nationally, sales were down 15.5%. Sales declines were across most property and price classes with the single largest declines in homes priced between $80,000 and $200,000. Pending sales were down over 20% indicating that sales declines will continue. Inventory supply and DOM are up almost 10% in year-to-year comparisons.