Check out this month’s local markets and trends update. Try out the neighborhood reports.
Author: Your Houston News – Kevin Koloian
The Katy-Area Economic Development Council began a study in May aimed at establishing a recognizable ‘brand’ for the Katy area. Called the Placemaker Initiative, the stated goal is to “create an engaging gateway to a unique identity for the greater Katy Area.”
With as much community participation as possible, the council hopes to understand how Katy residents view themselves. “It will be more than just a slogan, but also who we are and what we stand for, all the distinguishing characteristics about Katy and what separates us from other communities,” said Lance LaCour, president and CEO of the Katy-Area Economic Development Council.
The Nashville based marketing firm ChandlerThinks was hired to lead the project. It previously worked with 45 other cities across the United States on similar projects. “Through some of the work the committee did, they realized that we needed to establish a more unified brand that included the city of Katy and the three county area,” LaCour said. “Part of the reason for that is due to the fact that people in Katy live in different political jurisdictions like Cinco Ranch and the city of Katy.”
The branding will be evident through signs welcoming people to Katy at key entrance points and expand the theme to major intersections. “The branding process will give businesses a stronger identity to market to the Katy area,” LaCour said. “It will also build a stronger sense of place for Katy.”
Currently the survey is asking greater Houston residents via email their perception of Katy, LaCour said. The project should be finished in October. The marketing plan will then be developed and the br
Author: The Katy Times – Benjamin Newland & Tracy Dang
The Texas Department of Transportation said construction of direct connectors between Interstate 10 and Grand Parkway is on schedule and should be complete by the end of this year. One connector would take travelers on the Interstate 10 westbound lanes to the Grand Parkway southbound lanes. The other would take travelers on the Grand Parkway northbound lanes to the Interstate 10 eastbound lanes.
Public information officer Danny Perez said the connectors will cost roughly $29 million, but the investment may prove worth it for area drivers who face the traffic at the intersection. “The addition of these ramps will significantly help the flow of traffic, by reducing the traffic volumes at the current SH 99/IH 10 frontage road signalized intersections,” Perez said.
“Many motorists who currently go through the signalized intersections will now have an uninterrupted flow from the current SH 99 corridor to and from IH 10 east of SH 99,” he said.
Although the intersection was closed for three consecutive weekends in July, it remained opened last weekend. Closures will be posted at http://traffic.houstontranstar.org/construction/construction_report.aspx.
In addition, TxDOT is constructing main lane decks to connect Grand Parkway South to the northern section of the road as a part of Section E, which will extend Grand Parkway to Highway 290.
“Excluding the two direct connectors that will be complete by the end of this year, all additions to the current SH 99 corridor will be tolled,” Perez said.
However, he emphasized that none of the existing portions of Grand Parkway will have a toll.
Houston Home Prices Reach a Record High in June – Home sales increase for the second time this year
HOUSTON — (July 19, 2011) — Houston home sales rose for the second time this year in June, with the average price reaching an all-time high and the median price achieving the highest level in nearly two years. The sales increase reflects the slowdown in home purchases that set in a year ago following expiration of the home buyer tax credit. The credit triggered a surge in home buying during the spring of 2010 that resulted in slower sales volume during the remainder of that year.
According to the latest monthly data compiled by the Houston Association of REALTORS® (HAR), June sales of single-family homes edged up 0.6 percent versus one year earlier. That represents the first increase since January when sales volume rose 8.4 percent. The under-$80,000 segment of the market as well as homes priced from $250,000 and above experienced increased sales while the popular middle range, consisting of homes priced between $80,000 and $250,000, saw declines. Compared to June of 2009, a year with no unusual market factors such as Hurricane Ike in 2008 and the 2010 tax credit, single-family home sales were up 2.7 percent.
Continue: via Katy Real Estate and Events Blog.
Drought conditions in the area have forced some municipal utility districts in Cinco Ranch to implement water conservation measures.
“While some homeowners have been asked to comply with voluntary water conservation measures, other MUDs are under mandatory conservation measures, punishable for violations. Residents should take careful note of which MUD their property falls under, so as to avoid confusion.
Cinco Southwest districts are under mandatory restrictions; residents and business owners should have received a direct notice via mail from Severn Trent Services shortly after June 2. Properties in the Cinco Ranch master district #MUDs Nos. 1, 2, 3, 5, 6, 7, 8, 9, 10, 12 and 14#, however, are only asked to voluntarily restrict water usage, as urged by public signs posted throughout the area.”
Continue: via Katy Real Estate and Events Blog.
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Houston Area Figures & Facts by AEDO
“Economic Facts & Figures for Houston – AEDO / Economic Development / Facts & Figures
The Houston-Sugar Land-Baytown Metropolitan Statistical Area (Houston MSA) consists of 10 counties: Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, San Jacinto and Waller. The Houston metro area:
Absolutely gorgeous day for a ride out to Cinco Ranch West in Katy. Don\’t miss this beautiful, model-like home. Perfect for a family with school-aged children, a retired couple, or a family looking to downsize. Great location and wonderful neighborhood.
SUNDAY, MAY 15, 2011 – OPEN HOUSE TODAY FROM 1:00 TO 3:00
4506 TREMONT GLEN LN IN CINCO RANCH WEST, KATY TX
$279,000 (Below Market Value)
1.5 Story, 4 bedroom, 4 full baths, 3-car garageRoof replaced 2008Lovely extended stone patio
If you cannot make it out to Katy today, I would be gladto show this home to you at your convenience.Margaret