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Neighborhood Information
Total Homes 1,498 Median Size 1,508 Median Lot Size 6,900 Average Bedrooms 3.1 Average Bathrooms 2 – 0 Median Year Built 1979 Zip Code 77373 Key Map Grids 293, 333
Birnam Wood is subdivision of almost 1,500 residential homes located in the Spring area of north Houston, a beautifully wooded part of the metro city, north of FM 1960 and east of the Hardy Toll Road. Developed mostly between the 1970’s & 1990’s and now substantially built out, homes in the subdivision generally range from 1,084 SF to 2,700 SF. Home resale prices since January 2008 have generally ranged from the high $50’s to the $120’s, with an average sale price per square foot of about $48. Birnam Wood is surrounded by the neighboring subdivisions of Fairfax, Timber Lane, Villages of Spring Oaks, Forest Point at Cypresswood, Post Wood, and Sandpiper. Commuting families will find easy access to both the Hardy Toll Road and Highway 45 North.
Birnam Wood is located in the Spring Independent School District. Residents are also located within either the Harris County MUD #43 or the Harris County MUD #136, which provide water and sewer service. Both MUD districts also provide trash service to their residents through WCA Waste Corporation.
Birnam Wood is a deed-restricted community; however, there are two different HOAs. The Birnam Wood Fairfax HOA is managed by Advanced Community Management Inc. (ACMI), and covers Sections 1, 2, and 7. An HOA web site is under development; until then, neighborhood deed restriction documents are available through the manager and through the Harris County deed records. The other HOA is Birnam Wood III CAI, which manages Sections 3, 4, & 5, as well as the subdivision of Villages of Spring Oaks, and offers online neighborhood documents, neighborhood news, events, and HOA contact information.
Neighborhood amenities include a wooded playground and park area, swimming pool, and tennis courts. There are area houses of worship in many denominations. Birnam Wood is convenient to all shopping areas, commercial and retail businesses in Old Town Spring and along the FM 1960 and North Freeway corridors. Shopping in The Woodlands is only 15 minutes north along Highway 45.
Birnam Wood Annual Sales Information
Year 2004 2005 2006 2007 List Price (LP) $90,702 $89,121 $91,498 $85,199 Sales Price (SP) $90,972 $89,546 $90,617 $83,378 SP/LP Ratio 100.30% 100.48% 99.04% 97.86% Avg SP/SqFt $61.34 $58.76 $57.43 $56.15 Days On Market 75 66 78 70 Sold Per Month 8.75 7.58 8.33 8.75

The Birnam Wood sales price per square foot fell 9.76% when comparing the average for the first 4 quarters (2004) with the average for the last 4 quarters (2007) for the 4 year sales period ending December 2007. The quarterly sales average for the four year period was 25.1 homes sold per quarter — or about 8.3 Birnam Wood homes sold each month.
During the past four sales years, the highest median per square foot price was recorded during the 4th quarter of 2004 — a high of $64.06 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.
Neighborhood Market Snapshot PDF Report
For additional information on Birnam Wood, 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 Birnam Wood, or for 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.