How our area is growing

According to a story in Wednesday, June 17th's Houston Chronicle,
East Montgomery County is doing well in housing growth and in fact exceeds virtually all of the greater Houston region. The East Montgomery County, area 40 or Southeast area on their map, ranked third overall in the geographic areas covered by their story.

Leading the way in home sales percentage change from May, 2008 to May, 2009 was Grimes County with a 25.0% increase, followed by Bellaire West with 14.3% increase. Our area shows a 10.8% increase for this time period. The only other positive areas were the South Katy Area at 9.5% and the Central downtown Houston area at 3.1%. All other areas showed negative results with the highest being Central downtown West at negative 54.7%. Other areas in Montgomery County, all with negative numbers, were Northeast -30.5%, Southwest -23.1% (which includes The Woodlands), and Northwest -12.9%. The area defined as Far Northeast (which covers Kingwood) showed a negative 23.6% change. The area referred to as Northeast (which would include Humble and areas south of there) showed a negative 26.5% change.

Our area shows a 18.2% positive increase in the price of homes with a median home price in May, 2009 of $152,500. These are indeed good indicators of the many positive things happening in our area.