Real Estate and More…
VE Market Update
Currently one property is actively available for sale in Venetian Estates at 914 Piedmont. This half-acre, tree-shaded lot is ideal for a current VE resident who would like to sell their present waterfront home and build a 1.5- story with a private balcony overlooking one of the longest views down Lake Venice! This is the perfect way to have a brand-new home, enjoy the sunsets over the lake but with no bulkhead responsibility—and potentially all paid for by the sale of your present waterfront property! Call Kelly with questions regarding this lot and construction information.
During the past six months 3 VE homes sold on the HAR MLS. Two of those homes, one recent-construction and the other extensively remodeled, sold for over $1M. The third, a non-waterfront home with few updates, sold in the mid $500’s. Two other non-MLS, lot-value sales also occurred.
Neighbor News
We would like to introduce you to our new neighbors, Betsy and Rick Mudra, who now live on one of the most active and friendly streets in the neighborhood at 806 San Marino!
The Mudras say, “We moved in on June 29th, after living in the same home in Sugar Mill for 34 years. This was Betsy’s mother’s house, Margaret Foster, who passed away in February, at 91 years young. Betsy is a retired teacher, teaching 30 years in FBISD, at Lakeview, Walker Station, and Brazos Bend. Betsy is a cancer survivor. Rick is retired too, after working in the machine tool industry most of his life. We have identical twin daughters and 3 grandsons. Betsy is a fibre artist, working in felting, silks and other fibre media. Rick enjoys woodworking. We have 2 dogs who have helped fill the “empty nest” when the grands are not around. We love sitting outside every morning drinking coffee, watching the sunrise over the lake, then
setting in the evening. This is heaven on
earth.”
We love hearing “This is heaven on earth.”
It is just a reminder for all of us long-term VE residents to never ever take our neighborhood for granted!
Market Outlook 2022
According to Gay Cororaton, National Assoc. of REALTORS SR. ECONOMIST,
“Home prices will head upward in 2022, but not at the pace we’ve seen over the past two years. Interest rates will rise but not enough to dampen demand. Tough competition for buyers will continue even as prices rise. Housing starts will continue to tick upward but not as much as they need to! Although all these factors together seem to point to a superheated market like we saw in the mid-2000s, there is no bubble about to burst! A massive correction, like a housing crash, is extremely unlikely.”
FBRE Update
While the pace of sales across the general market slowed somewhat over the past two months, Ferguson + FBRE is still taking off! Kelly recently completed the sale of 22 Jim Davidson Drive in the Sugar Land Airport. Kelly represented the seller of a stunning Class A office and airplane hangar facing State Highway 6 on the airport premises. This incredibly rare property, on a long-term ground lease with the city, required a cultivated, international marketing campaign—and this custom, private-client approach is our specialty. We marry our local expertise with a distinguished, large-scale marketing campaign to give our clients the best of both worlds: local discernment and full global exposure.
We have VE buyers! Please call us if you are considering selling your home now or in the future. We have prospects who are waiting for the right opportunity and they are flexible with timing. They are even willing to lease back to sellers for a year or more. With our discerning approach, we can represent you in customizing & structuring a sale that is best for you!
