Sage looks at Houston lots: Feb. 2013

HOUSTON – OConnorcomps.com reports 22 agricultural land sales in size to 765 acres, 24 commercial land sales in size to 85 acres, and a total of three land sales over 100 acres each have occurred in the first eight weeks of 2013.

Finished lot inventory has virtually dried up. Builders report a shortage of finished lots available to purchase.

At the end of 2012, The Woodlands had 2,750 residential lots remaining, but with over 10,000 new direct jobs to ExxonMobil’s 385-acre campus to the south, the scarcity and value of these remaining lots is evidenced.

Bridgeland experienced land sale increases of 31 percent and finished lot sale numbers at record levels.

And 2012 ended up at 7,981 starts; Eldon and Metrostudy are projecting 9,000 starts in 2013.