Why are homes selling in Memorial (homes that are priced on the market, that is) while things in Tanglewood are moving a bit more slowly? Well, when out-of-town families and oil executives move to Houston, they don't have the option of immediately placing their kids in private school. Therefore, Memorial is the neighborhood they choose, for its great schools and great neighborhoods. In some sense, this is good, because the market is always strong in Memorial. And it's not bad for Tanglewood either! Tanglewood has dozens of homes available right now, and they're available for a great price. Sure, this neighborhood isn't zoned to as strong a school district as Memorial, but if this isn't important for you, the market is worth checking out.
Post a Comment