Housing boom hits Magnolia, Tomball Housing boom hits Magnolia, Tomball https://www.recenter.tamu.edu/news/newstalk-texas/?Item=57552013-11-12T14:51:00Z2013-11-12T00:00:00Z

MAGNOLIA, TOMBALL - In second quarter 2013, there were 1,648 new homes under construction in Magnolia and Tomball, compared to 1,196 homes in 2Q 2012, said David Jarvis, Houston director for Metrostudy.

The housing boom is attributed to the area’s explosive population growth during the last decade, which has meant a shortage of resale homes. Energy companies moving to the area such as Baker Hughes and Noble Energy have also fueled growth.

“New construction has really kicked in to high gear; builders are feeling a lot more confident in the last year and a half,” said Rick Raanes, a realtor with Keller Williams in Magnolia.

In Tomball and Magnolia, the average days on the market for a resale home has decreased to 33 days from 49 days last year, according to the Houston Association of Realtors’s MLS.

Sales of single-family resale homes in Tomball and Magnolia have increased in 2013 to an average price of $242,900 from $212,710 a year ago. The number of resale homes that have sold from January 2013 to October 2013 has increased to 2,095 from 1,638 during the same period in 2012.

The greatest growth in new housing sales is in the areas near The Woodlands, said David Hageman,a realtor with Century 21 in Tomball and Magnolia.

Top Ten Current & Future Housing Developments*
# of
Woodforest 5,500 101 Elk Trace Pkwy., Montgomery
Wildwood at Northpointe 2,000 Hwy. 249 and Northpointe Blvd., Tomball
Toll Brothers 900 FM 2978 and Spring Creek, Montgomery
Hayden Lakes 588 Hwy. 249 / Boudreaux Rd., Tomball
Durango Creek 350 6703 Durango Creek Dr., Magnolia
Raleigh Creek 340 12600 Zion Rd., Tomball
Cypress Trails 300 11643 Brentcross Dr., Tomball
Lakes of Magnolia 300 Friendship Dr. and FM 1774, Magnolia
Willowcreek Ranch 160 19744 Telge Rd., Tomball
The Reserve at Spring Lakes 95 Zion Rd. and Ulrich Rd., off Hwy. 249, Tomball

*ranked by number of homes

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
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