Why sales surge at this Midtown condo buildingWhy sales surge at this Midtown condo buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=139562016-07-26T05:00:00Z2016-07-26T19:00:00Z

HOUSTON - Recent headlines about Houston’s residential real estate market have been dominated by news of stalled or canceled luxury condominium projects.

However, one Houston developer, Surge Homes, is capitalizing on a growing demand for more affordable condos in the Bayou City.

Parc at Midtown, an 80-unit condo and townhome community is underway on 1.7 acres at 2401 Crawford St., a few blocks west of I-45 and Hwy. 288, in Midtown. 

The homes range in size from 465 sf for a one-bedroom condo unit to 1,528 sf for a three-bedroom home, and in price from $172,300 to $430,260.

The gated Modern-style community features 58 one- to three-bedroom condos, half of which sold in 90 days. 

Since sales began in March, Surge Homes has sold 39 condos—or 67 percent of the units.​

A recent Texas Association of Realtors report found that despite the oil slump, condo sales in Houston saw an 11.2 percent increase year-over-year during the first half 2016, with the median price sold at $130,000.​
Houston Business Journal
Houston-The Woodlands-Sugar Land
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