SterlingResidential.com | Buying & Selling Residential Properties in Texas | Houses for Rent Houston Area | Humble Atascocita Kingwood & Spring Texas Realtors | Sterling Residential®, Realtors® | Real Estate Broker: Timberhills

Neighborhood Information

Total Homes	479
Median Size	1,402
Median Lot Size	6,300
Average Bedrooms	3.1
Average Bathrooms	2 – 0
Median Year Built	1983
Zip Code	77396
Key Map Grids	376

Recent years finds the NE Houston area around Lake Houston booming with new communities and subdivisions; all part of an estimated 12,000 additional homes to be added by 2012. Amid this new development is the established subdivision of Timberhills, located in northeast Houston off Sam Houston Parkway East and Ralston Road. Existing homes were primarily built in the late 1970’s and 1980’s, with additional new homes built in the past few years. There are currently over 475 homes in the subdivision.

Timberhills homes range in size from approximately 950 sf to 2500 sf, with resales generally ranging from the $60’s to $120’s. About 20% of the homes are non-owner-occupied, with lease rates ranging from $750 to $1200 per month. Timberhills is surrounded by neighboring subdivisions of Sunset Ridge, Sunset Ridge West, Canyon Gate at Park Lakes, Eagle Creek, and Fall Creek.

Timberhills is a deed‑restricted community, with Timberhills Homeowners Association professionally-managed by Community Asset Management, Inc. A homeowners association web site is being developed to share community news, information, and provide neighborhood documents.

Timberhills residents are zoned to Humble Independent School District. Neighborhood amenities include sidewalks, a community swimming pool with playground equipment, and open recreation area. 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.

Timberhills Annual Sales Information

Year	2005	2006	2007
List Price (LP)	$89,998	$88,084	$85,617
Sales Price (SP)	$85,255	$88,049	$82,682
SP/LP Ratio	94.7%	100.0%	96.6%
Avg SP/SqFt	$61.89	$64.53	$56.34
Days On Market	54	90	107
Sold Per Month	2.17	2.17	1.50

Timberhills Quarterly Sales Price Per Square Foot

During the last 12 quarters ending December 2007, the median sales price per square foot decreased 7.5% from $68.00 in 1st quarter 2005 to $62.90 per square foot in 4th quarter 2007. The sales average for the three year period was 5.83 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 $78.38 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. Timberhills subdivision 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

For additional information on Timberhills, Humble, 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 Timberhills, or for your neighborhood.