4 Exciting Bunker Hill Houston Real Estate Trends

4 Exciting Bunker Hill Real Estate Trends

One of Memorial Villages’ landmark communities, Bunker Hill Village Houston was once included in Forbes’ Top Places to Live Well list in 2008 due to its well-organized government and calm suburban atmosphere.

This former suburban farm located at the westernmost part of Memorial Villages features some of the finest and most expensive single family homes within a few miles from Downtown Houston.

In comparison to the other communities in Memorial Villages, Bunker Hill Houston homes for sale grew at a relatively conservative rate over the last ten years.

Despite this, Bunker Hill Houston has one of the more competitively priced homes with its median sales price of $1,815,000 – a marked 54% increase from its $1,175,000 price in 2005.

Mirroring this positive movement of the real estate market is the 10-year price change of the average price per square foot and lot price per square foot that increased by 50% and 54%, respectively.

4 Remarkable Bunker Hill Real Estate Trends

1.  Bunker Hill Houston netter a striking 54% 10-year appreciation.

Among all Memorial Villages communities, Bunker Hill’s real estate market improvement was rather slow. However, this does not mean that the neighborhood is performing badly as its median sales price increased by a striking 54% from its 2005 value of $1,175,000 to its 2014 value of $1,815,000. 

A positive change is welcome rather than no improvement, at all.

2.  Average price per square foot and lot prices appreciated by as much as 50%.

From $232 in 2005 to $349 in 214, average price per square foot of Bunker Hill Houston homes increased by 50%.  On the other hand, land prices performed positively as well with a 54% increase from $24 to $37 per square foot over the same period.

3.  5-year price change of Bunker Hill Houston real estate market remains impressive.

Recent renovation and repair projects in the neighborhood forced Bunker Hill home prices to fluctuate.  Older homes sold on an as is basis are relatively more affordable than newly built custom homes.

5-year price change was from $1,298,979 in 2010 to $1,815,000 in 2014 – an impressive 40% appreciation.

4.  One year price change, 30% positive change, shows market strength.

Despite its slow growth over the past years, Bunker Hill Houston homes for sale are showing great improvement with its one-year price change of 30% from $1,391,000 in 2013 to $1,815,000 in 2014.

Source:  Bunker Hill Houston

About Paige Martin: Top-ranked Houston Realtor

As featured on Fox News in the Morning, the Houston Chronicle, and Houston Magazine, Paige Martin, a consistent Top Producing Broker-Associate and the owner of HoustonProperties.com, is ranked amongst the very top Keller Williams agents in the Houston area.

Paige was named the #1 Ranked Individual Agent in the Keller Williams Memorial Office for 2012, 2011 and 2010. She has been a consistent top producing agent, winning awards in 2007, 2008, 2009, 2010, 2011, 2012 & 2013 for her production levels.

Additional awards include Five Star Professional Real Estate Agent (given to fewer than 7% of Houston realtors), Houston Realtor of Excellence Award, Houston Realtor Par Excellence Award, Top Google Houston Real Estate Award, Talk of the Town Award for Excellence in Customer Satisfaction, in addition to many other honors.

In addition, over 75 of her prior clients have publicly endorsed and recommended her via LinkedIn, YouTube Videos and HAR.  See one of them below.

"It was a blessing to come across your web site! Since I had to move to an area I didn't know anything about or know anyone else in Houston, it was wonderful to work with someone who understood my goals and desires and really made me feel at home in Houston.  Not only did I meet one of the best Houston realtors, but I feel I made a lifelong friend. Thank you!"

See more client testimonials, client ratings, as well as a list of Paige Martin's awards, here.