FYI: HCAD values are out already. (Galveston, Brazoria: renting, home, neighborhoods)

[phaze]

How is mine still pending but my neighbor's is posted? His went down a few 1K, doh

[chris_ut]

Our rental property dropped 4k. I think because the house on the corner sold really cheap in an estate sale.

[Oildog]

My 2011 and 2012 values are the same. Both less than what I paid...but the 'hood is upgrading...

[mtgmike]

My three properties all stayed the same.

Longwood, Stone Gate, and Yaupon Ranch

[City Love]

Originally Posted by lhafer

This is what I don't get. There are 7 foreclosures in my neighborhood (a MPC of about 2,000-2,500 homes. And 4 of those are pending contracts. And houses in this area have been selling quite fast in general. At least that's what a realtor friend of mine is telling me, and from what I see on Har.com. That sales are good in our area.

Some home values went up by quite a bit, some stayed the same, and some went down. All the floorplans that are comparible to mine all went down by $30k like mine did. So at least the comps are there for our house.

Here's a foreclosure listing: 11907 Lake Mead Ln, Humble, TX 77346 - HAR.com
Selling for $279,900
2011 HCAD Market and Appraised Value: $273,623
2012 HCAD Market and Appraised Value: $284,380

As long as sales are holding up in your pocket of Eagle Springs, you should be ok. HCAD values aren't very trustworthy in ES. I'm helping a client purchase a home right now with a purchase price of $30k less than the assessed value for 2011 and 2012. Are they getting a hell of a deal? No. But it's a nicely upgraded home at a good price. HCAD value is way off. People with high valuations should be protesting their values because it doesn't help when they have to sell.

[AK123]

Originally Posted by City Love

HCAD values aren't very trustworthy in ES.

What's even worse is when people try to use something like Zillow, which from what I've seen, saying it's off is a serious understatement...

[Houston_2010]

mine is still pending. The house I used to live (a few blocks down) went down $13K.

[travelguy_73]

I dumped a few close blocks in Eastwood into a spreadsheet, and all addresses are up from ~5-25%, the >10% jumps appear to be properties without a homestead exemption, and they seem to have been hit hardest. Interestingly, my value is within a few hundred dollars of what the county had it valued at in 2008, which was below purchase price, and now substantially below due to renovations. *happy face*

After a few years of low sales volume, I guess HCAD must have had some decent numbers to work with this year.

[City Love]

Originally Posted by travelguy_73

I dumped a few close blocks in Eastwood into a spreadsheet, and all addresses are up from ~5-25%, the >10% jumps appear to be properties without a homestead exemption, and they seem to have been hit hardest. Interestingly, my value is within a few hundred dollars of what the county had it valued at in 2008, which was below purchase price, and now substantially below due to renovations. *happy face*

After a few years of low sales volume, I guess HCAD must have had some decent numbers to work with this year.

Yep. Eastwood took a positive hit. We have a remodeled home there. No homestead, 40% jump! Yikes. We're going to fight it even though the new assessed value is below what I think it could actually sell for, but I think I can come up with some good comps to fight it with.

[jilliannie]

The place I have been renting says same value for the past 3 years, which looks the same as the whole Montrose area. How is this an investment? Ive read in here the inner loop is an investment but this is showing no gain over 3 years? Sorry I am not familiar with all this.