2016 King Lakes Katy, TX real estate market report

In 2016 King Lakes had 27 homes listed on the market, 6 of which are still active.

Out of the 21 that sold, 14 sold in less than 30 days, 2 sold in 31-60 days, 1 in 61-90 days and 3 took 91-120 days.

20 of the homes were in the 200,000-$399,999 sales price range with the average sales price (SP) per sq ft being $108.61; the majority of sales occurred in the months of March, April, June, August and November.

Most homes sold 0-6% below their list price with the average being sold at 2% below their list price.

The attached picture shows data on  King Lakes from January 2012-December 2016. It’s always good to look at trends. What will 2017 bring? See my blog post HERE for that.

NOTE: due to incorrect subdivision input by agents into the MLS this data may contain a few outliers from the subdivision that may affect the data slightly.