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Neighborhood Information

Total Homes	532
Median Size	2,943
Median Lot Size	8,513
Average Bedrooms	4.0
Average Bathrooms	2 – 1
Median Year Built	2001
Zip Code	77373
Key Map Grids	292

Spring Lakes, a 250-acre planned community located in a beautifully wooded area off Cypresswood Drive and Lexington Road in north Houston, has grown since 1998 to over 530 homes and offers new and recent construction homes from Houston builders, including DR Horton, Perry, and Village Builders. New construction home prices range from the $130’s to $270’s. Resales in 2007 ranged from the $130’s to low $300’s. Downtown commuters will find easy access available to both I-45 North and the Hardy Toll Road. Neighboring subdivisions include Cypresswood Lake, Enchanted Oaks, North Hill Estates, Park Spring, Lexington Woods, and Lexington Woods North.

Spring Lakes continues to develop toward its total capacity of approximately 800 homes in 15 residential sections. The community provides security to its residents through limited access, gated entries, and a dedicated Harris County Sheriff officer patrol. Homes and greenbelt areas throughout the community are well maintained. Spring Lakes is a deed-restricted community, with an active community association managed by Planned Community Management, Inc. Neighborhood documents are available online at the HOA web site, in addition to community newsletters, a bulletin board, HOA contact information, and active resident groups. Residents are located in the Spring Independent School District. and within the Harris County MUD 249 taxing district, which provides water service, trash collection through Waste Management, and the security patrol service.

Spring Lakes offers 6 acres of community green space to its residents, with 3 lakes and preserved natural greenbelts winding throughout. Walking trails connect the various sections of the community. Amenities include a community recreation center, with swimming pool, tennis and volleyball courts, playground equipment and picnic areas. Spring Lakes is a short distance to the Woodlands Mall and Old Town Spring shopping areas. Extended shopping, dining, and entertainment is close by along the I-45 North Freeway corridor. There are area houses of worship in many denominations.

Spring Lakes Annual Sales Information

Year	2005	2006	2007
List Price (LP)	$219,914	$211,567	$231,555
Sales Price (SP)	$211,163	$200,604	$221,094
SP/LP Ratio	96.0%	94.8%	95.5%
Avg SP/SqFt	$72.99	$73.26	$72.86
Days On Market	105	102	93
Sold Per Month	4.25	6.33	4.50

Spring Lakes Quarterly Sales Price Per Square Foot

During the last 12 quarters ending December 2007, the median sales price per square foot increased 7.98% from $67.20 in 1st quarter 2005 to $72.56 per square foot in 4th quarter 2007. The sales average for the three year period was 15.1 homes sold per quarter.

During the past three sales years, the highest median per square foot price was recorded during the 3rd quarter of 2005 — a high of $77.38 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. Spring Lakes continues to grow adding many new single family homes. Median sales prices have remained stable and robust over the past 3 years.

Neighborhood Market Snapshot PDF Report

For additional information on Spring Lakes, Spring, Texas 77373 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 Spring Lakes, or for your neighborhood.