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

In March 2017: Falcon Point Estates had 23 homes listed on the market, 16 of which are still active.

The 3 that sold spent an average of 81 days on market; the average days on market of the remaining active homes is 43.

The average list price per sq ft is $109.04; option pending is $110.68 per sq ft, pending is $90.39 per sq ft and sold was $101.09 per sq ft.

A months of inventory report shows Falcon Point Estates at 4.7; 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.