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Indian Shores
Neighborhood Information
Total Homes 562 Median Size 2,034 Median Lot Size 14,040 Average Bedrooms 3.2 Average Bathrooms 2.0 Median Year Built 1979 Zip Code 77532 Key Map Grids 378
Indian Shores subdivision was established in the mid 60’s, and is situated on the SE shore of Lake Houston in the Houston suburb of Crosby, Texas. Built among beautiful piney woods, typical of the NE Houston metropolitan area, Indian Shores is located off FM 2100 (Crosby-Huffman Road) and Indian Shores Road. Neighboring subdivisions include Rustic Acres U/R, Heathergate Estates U/R, Happy Hide A Way U/R, and Saddle Creek Farms.
The 700+ lot subdivision has developed over the years to include over 550 completed homes in 8 residential sections, with new and recent construction homes available. Home builders include Eagle Creek, Tex-Built, Kendall Homes, Better Homes, and Whitworth. Homes in the subdivision vary in size from 1,000 sf to over 4,000 sf. Resale prices range from the $60’s to $400’s.
The quaint community of nearby Crosby offers area houses of worship, shopping, dining, and entertainment to the local residents. Crosby, Texas, named for railroad construction engineer G.J. Crosby, built up in the late 1800’s as a center for transporting lumber and agricultural products between the San Jacinto River and Cedar Bayou. The area is rich with folklore, legends, and tall tales.
Indian Shores subdivision is a deed‑restricted community. Indian Shores Property Owners Association is professionally managed by C.I.A. Services, Inc. Neighborhood documents are available online at the manager’s web site. The subdivision is located within the Harris County FWSD #58 water district. Trash service is provided by Waste Management.
The subdivision is divided between the Crosby Independent School District and the Huffman Independent School District. Neighborhood amenities include country-style living on wooded lots, a community center at the lake with picnic facilities, and a private boat launch with parking area for property owners. The Indian Shores Recreation Association hosts a 9-hole regulation length public golf course and driving range located in the heart of the subdivision on White Feather Trail.
Indian Shores Annual Sales Information
Year 2004 2005 2006 List Price (LP) $147,170 $177,000 $156,492 Sales Price (SP) $143,483 $172,590 $150,590 SP/LP Ratio 97.50% 97.50% 96.20% Avg SP/SqFt $68.14 $76.22 $69.81 Days On Market 108 95 97 Sold Per Month 2.25 2.33 3.25
Indian Shores Quarterly Sales Price Per Square Foot
During the last 12 quarters ending December 2006, the median sales price per square foot increased from $60.81 to $68.29 per square foot, a 12.3% increase.
During the past three sales years, the highest median per square foot price was recorded during the 3rd quarter of 2005 — a high of $77.02 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. Indian Shores subdivision averages between 2 and 3 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 Indian Shores, 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 neighborhood information for Indian Shores or for your neighborhood.
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 ResourcesJune 2008: Houston median house price buoyant despite slower sales
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.
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