It is official. ExxonMobil recently relayed that the company is moving to a new energy-efficient campus located on a 385-acre site in Houston.
The campus will be the new location for any workers located in the north Houston area and will contain multiple low-rise office buildings, as well as laboratory, conference and training centers. In addition, the campus will offer several amenities for its workers, including child care and a wellness center.
The Houston real estate market has become popular for commercial properties. In fact, it was recently reported that along with Minneapolis and Dallas, Houston is one of the most sought-after regions for commercial real estate.
- Important Dates in June
- The Master Plan in Cypress, Texas!
- Weekend Get Aways – Jacksonville, Texas
- Inventory slows during May, but median prices up
- From the Broker’s Office
- The Gourmet Corner
Important Dates in June
(*Denotes Holidays with dates that change annually)
June Birth Flower: Rose – The meaning of the June Birth Flower, the Rose are passionate love and beauty
June Birthstone: Alexandrite – (Balance, confidence, joy)
Moonstone – (Balance, good fortune, tender passion)
Pearl – (Modesty, purity, beauty, happiness) )
The Master Plan in Cypress, Texas!
Courtesy – Houston Real Estate Observer
By Jim MulhollandIf you would like to build a new home in a large, master-planned community in the Cypress, Texas area, you have 4 main options: Fairfield, Cypress Creek Lakes, Towne Lake, and Bridgeland. Following is a summary of each subdivision.
Breaking ground way back in 1988 by master-planned community pioneer Friendswood Development Company, Fairfield was lovingly given the nickname “Far”field due to its location 13 miles past the next closest suburban neighborhood off Highway 290, Jersey Village. 23 years later, Fairfield is still going strong and no longer out in the middle of nowhere.
Fairfield is a great combination of awesome amenities, excellent schools (all schools were Exemplary in 2010), and affordable houses. From the Friendswood Development website:
Complete with miles of greenbelt trails, lakes, neighborhood parks and numerous pools, Fairfield has become a community that’s known more as a small town. A growing number of the move-up homebuyers in Fairfield are residents of the community. This is because Fairfield has everything they need close to home.
Fairfield At A Glance
- Developer:Friendswood Development Company
- Size: 3,200 acres
- Homesites: 5,600
- Year Started: 1988
- Price Range: $100k – $600k
- Estimated Tax Rate: 3.0% – 3.6%
Cypress Creek Lakes
Sandwiched between Towne Lake to the east and Bridgeland on the west, Cypress Creek Lakes is the most overlooked master-planned community in Cypress.
Cypress Creek Lakes does not have the amenities that the other communities have on this list, but it does have a nice pool, a splash pad, several beautiful lakes, and is in the final stages of building out a very nice community center. CCL also the only master-planned community in Cypress with an elementary (Warner), middle school (Smith), and high school (Cy-Ranch) all within its borders.
Home values in CCL are very good especially when you factor in the size of the lot. For example, you can build a new Perry or Coventry Home on an 80′ x 150′ starting in the $330k range. If you would like to build on an 80′ x 120′ lot across the street in Bridgeland, your price will start in the $410k range. Property taxes are also lower in Cypress Creek Lakes than other new homes neighborhoods in the area with a tax rate at about 3.19%.
Cypress Creek Lakes At A Glance
- Developer: Mischer
- Size: 1,600 acres
- Homesites: 2000
- Year Started: 2004
- Price Range: $180k – $600k
- Estimated Tax Rate: 3.19%
Towne Lake is being built around “The Lake” which will be over 300 acres with over 14 miles of shoreline when it is all said and done. Motorized boats are allowed on the lake along with water skiing and tubing. Other amenities include a pool, splash pad, exercise room, and tennis courts. Future amenities will include a much larger pool with a lazy river, a 5000 seat amphitheater, and shopping that can be accessed via boat.
The starting price is higher in Towne Lake than the other communities on this list, but the lots are good sized and the houses are very nice. It is also important to consider that the older sections of Towne Lake closer to West Rd are at a 3.1% tax rate while the newer sections are at 3.7%.
Towne Lake At A Glance
- Developer: Caldwell Companies
- Size: 2,400 acres
- Year Started: 2006
- Price Range: $220 – $650k
- Estimated Tax Rate: 3.1% – 3.75%
At 11,400 acres, Bridgeland is by far the largest master-planned subdivision in the Cypress area and the fourth largest in the Houston area behind The Woodlands, Kingwood, and Clear Lake City.
Over 3000 acres of Bridgeland will be dedicated to lakes, trails, and parks with all utility lines underground to not take away from the beautiful scenery. Residents can also checkout canoes, kayaks, and paddle boats to cruise around the community lakes, or they can checkout disc golf discs to play a round of 18 “holes” on the frisbee golf course. One of their four planned resort style pools is complete with splash pad, diving boards, and 2 big water slides.
Homes start at a very modest $180k range, but the cost per square foot for homes in Bridgeland are typically going to be higher than other Cypress neighborhoods. You will also be paying more in property taxes than other Cypress area neighborhoods with a tax rate at about 3.75% before homestead.
Bridgeland At A Glance
- Developer: The Howard Hughes Corporation
- Size: 11,400 acres
- Year Started: 2006
- Price Range: $180k – $900k
- Estimated Tax Rate: 3.75%
Weekend Get Aways – Jacksonville, TexasCourtesy – Jacksonville Chamber of Commerence
Jacksonville Tomato Fest – June 11, 2011
Location: Commerce and Austin Street
Time: 9:00am to 11:00pmThis family fun day will go on all day long with activities that are sure to please everyone. Activities include arts and crafts vendors, Kiwanis Live Auction, kid’s games, Antique Car Show, Gospel Concert and much more! If competition is more your style we will have a Salsa Contest, Karaoke Contest, Tomato Eating Contest for adults and kids, Tomato Peeling Contest, Fishing Tournament, Soccer Tournament, Tennis Tournament and more! This fruity event is all FREE! Free admission, free parking, free gospel concert and free entertainment. For more information contact the Chamber office or email email@example.com.
Inventory slows during May, but median prices up
Courtesy – Houston Real Estate Observer
The latest report from Altos Research discovered that the median prices of homes nationwide increased during May, while inventory slowed slightly.Overall, the Altos national median price settled at $444,273 during May, which is an improvement from $440,194 in April.Home prices also experienced significant increases throughout the country. San Francisco, Washington, D.C., and San Jose led the nation, as their prices grew between 3.14 percent and 3.33 percent. Of the 26 major metropolitan statistical areas surveyed by Altos, only two had declining prices – New York at 2.85 percent and Las Vegas at 0.76 percent. Houston properties, by comparison, averaged $216,668 during May – a 1.4 percent month-over-month increase and a 3.21 percent jump from the previous three months.Inventory levels fluctuated as well during the month. While the numbers are slower than earlier months, the overall supply was up 3.17 percent month-over-month. Boston experienced the largest jump, with 8.39 percent more available units. Houston’s market had 35,295 available units, which was down 1.18 percent from April, but up 5.53 percent during the last three months.As employment rates continue to get better, Houston’s real estate market could continue to improve.
From the Broker’s Office
In this month’s From the Broker’s Office I decided to share with you all a very important celebration for the Navarette family. This weekend my youngest son graduated high school. It’s a day I had been anticipating for years, a ceremonial farewell to raising teenage boys. It was a day of tears, joy, pride, and a great deal of reminiscing about the past and how quickly the years have raced by.The old cliché about how it was only yesterday that he was a little boy is all too true, and our young man has already moved on to the next chapter in his life started summer school.But before starting summer school, this past Sunday afternoon Marcus was awarded Scouting’s Highest Rank – Eagle Scout in a Court of Honor held. It was a memorable moment to see my son recognized for his meeting the challenges of scouting taking advantage of the opportunities afforded.I want to thank family and friends who shared these two important days by joining us in celebrating my son graduation and Eagle Scout Court of honor.
The Gourmet Corner
Chewy Brownie Cookies Recipe
- 2/3 cup shortening
- 1-1/2 cups packed brown sugar
- 1 tablespoon water
- 3 teaspoons vanilla extract
- 2 eggs
- 1-1/2 cups all-purpose flour
- 1/3 cup baking cocoa
- 1/2 teaspoon salt
- 1/4 teaspoon baking soda
- 2 cups (12 ounces) semisweet chocolate chips
- 1/2 cup chopped walnuts or pecans, optional
In a large bowl, cream the shortening, sugar, water and vanilla until light and fluffy. Beat in eggs. Combine the flour, cocoa, salt and baking soda; gradually add to creamed mixture and beat just until blended. Stir in chocolate chips and nuts if desired.
Drop by rounded teaspoonfuls 2 in. apart on ungreased baking sheets. Bake at 375° for 7-9 minutes; do not overbake. Cool 2 minutes before removing to wire racks to cool. Yield: 3 dozen. Yield: 18 Servings Prep: 10 minutes Bake: 10 minutes/batch 10
Yield: 18 Servings Prep: 10 minutes Bake: 10 minutes/batch 10
Nutrition Facts: 1 serving (2 each) equals 276 calories, 14 g fat (5 g saturated fat), 24 mg cholesterol, 99 mg sodium, 39 g carbohydrate, 2 g fiber, 3 g protein.