February 2017 Falcon Point Estates Katy, TX real estate market report

In February 2017: Falcon Point Estates had 19 homes listed on the market, 14 of which are still active.

The one that sold spent an 69 days on market; the average days on market of the remaining active homes is 32.

The average list price per sq ft is $112.04 (with three outliers pushing up over the $130/sq ft range); the one home that sold this month sold at exactly what it listed for.

A months of inventory report shows Falcon Point Estates at 4.3; Months of Inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This indicates that it is a balanced market in Falcon Point Estates.

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.