Subdivision Appreciation Beginning 1997

Appreciation

Montrose / Upper Kirby (77098 north of 59)

TEN-YEAR Change in Average Price Per Square Foot Paid: +48%

Median Sales Price: The value with 50% above and 50% below or the value "in the middle". Average Price Per SF: The sales price divided by the size of the house. Land Price Per SF: The sales price divided by the size of the lot in "teardown" sales and lot sales

Year	Median Sales Price	Average Price Per SF	Land Price Per SF*
2001	$ 249,900	$ 139.30	$ 36.04
2002	$ 289,000	$ 158.85	$ 37.04
2003	$ 295,000	$ 163.41	$ 26.28
2004	$ 309,000	$ 169.92	$ 36.25
2005	$ 331,500	$ 175.19	$ 43.63
2006	$ 370,000	$ 186.49	$ 45.95
2007	$ 397,450	$ 203.23	$ 48.50
2008	$ 396,000	$ 220.04	$ 50.35
2009	$ 382,750	$ 199.95	$ 50.30
2010	$ 524,500	$ 208.75	$ 52.06
2011	$ 371,663	$ 206.64	$ 47.91

* Land value calculations were made on fewer than 30 sales and therefore may not accurately determine land values.

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Judy Thompson
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West U Real Estate LLC
1919A Harold St.
Houston, TX 77098
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