Houston Real Estate – Friendswood Texas Real Estate Market Stats

Falcon Ridge- Friendswood Texas Real Estate: July Market Statistics 2008

We’re turning our attention to Falcon Ridge subdivision located off of FM 518 and FM 528.  I’m often asked by visitors from out of town, just what exactly does “FM” stand for?  Well…it stands for “Farm to Market,” and means just that.  To quote Robert Zimmerman, a.k.a. Bob Dylan, “the times, they are a changn”.  Not much farm to market action these days. 

 

 

July 2008 Sold Properties

There was one home sold in July for $271,750 and was on the market 97 days.  Falcon Ridge has a total of 314 homes and an average turnover rate of 5% meaning that about 12 homes sell per year there so it’s no big surprise to see one home sold last month. 

 

 

The average sales price over the last 12 months was $235,481. 

 

 

June 2008 Sold Properties
June was a big month for the subdivision with 3 homes sold in Falcon Ridge in Friendswood, TX. The Average Price was $223,300. The Median Price was $224,900 with 36 Average Days on Market, at 97.8% of list price.

Currently active as of 8/20/08
Currently there are 12 homes for sale however as mentioned before, 6 of those have contracts pending.

If you would like to be contacted as soon as Falcon Ridge homes for sale become available just let us know.  If you own a home in Falcon Ridge and would like to find out what it’s worth, we have a free report just for you. 

*Note these Friendswood Texas Real Estate stats are accurate as of 8/20/08 according to the Houston MLS. They are subject to change as agents submit listed and sold properties into the MLS.