Strong economy and rising employment rate (112,000 jobs were built over the last 12 months, with over 75,000 more expected to be added ny the end of the year) has contributed to people relocating to Houston at a 4,000-per-month rate.
The last 12 months, almost 50,000 people relocated to Houston. While it has strengthened the sales of homes in Houston (now on a 24-month roll of positive sales), it has placed the home inventory to a 13-year low of 3.3 months.
To combat this, home builders in Houston have ramped up their development of new houses. The first quarter saw a total of 6,442 new houses, with the number expected to climb up to 28,000 before the end of the year. This has initiated a wave of new home developments all over the city, with the most notable ones in upscale Houston neighborhoods
of River Oaks, Houston Heights, Memorial, and Upper Kirby.
Among the high-end properties are housing projects in City Centre in Memorial. City Centre townhomes for sale
are high on home-buyer's lists because of its location within Memorial Houston and its close proximity to hot spots such as Downtown Houston, Medical City, and Galleria. City Centre Townhomes For Sale: Memorial Location OverviewMemorial homes for sale
are within a neighborhood bounded on the south by Buffalo Bayou, on the north by the Katy Freeway (Interstate 10) on the east by the 610 Loop and on the west by Beltway 8. Considered as one of the wealthiest areas in Houston, Memorial feature over thirty subdivisions and six independent villages.
Townhomes in City Centre are within an upscale mixed-use residential / shopping area that is located in Houston's exclusive Memorial district and close to Memorial Hermann Memorial City Medical Center. Launched in spring of 2010, CityCentre boasts of 1,800,000 square feet dedicated to commercial establishments (retail store, restaurants, etc), fitness facilities, office space, and housing projects along with new construction townhomes.
Designed as pedestrian-friendly and car-independent neighborhood, City Centre homes for sale are near both commercial establishments, offices, restaurants, shops and a movie theatre.
City Centre townhomes for sale in Houston are mostly high-end properties, priced upwards of $600,000.For a complete guide on buying a City Centre home or any home in Houston, contact Paige Martin or visit HoustonProperties.com.