As for why there seems to be more homes for sale, the current residents are being bought out buy people who see that they can still have full lake access and total privacy without paying outrageous fees for some of the neighborhoods on the Northside. Smaller enclaves of 4 and 5 figure homes on the Southside with lake access are sitting next to homes that are begging for a total renovation. So the buyer can buy the preowned lake access home at a steal (compared to the Northside) or they can enjoy the complete renovation experience. Our Houstonian neighbors bought a "shack" on a good sized piece of land and bull dozed the shack down. They then split the property in 2 (both lake access and both Southside) and sold one piece for the cost of building their own home and guest house on the first piece of property. Very smart !!!!
So don't have any misgivings about the Southside. Its the best deal in "town"
There is also a high concentration of homeowners in their senior years that need to move in closer to the city to be closer to their family, medical facilities, etc., so that is where a lot of sales come from as well.
Are you looking to buy out there? If so, you may be eligible for 100% USDA financing since that whole area is considered a Rural Development area. Most single family homes out there will be eligible for a No Money Down loan. If you are interested in the program let me know and I can forward you more details on the program. I have been lending in Texas for over 13 years and I am USDA loan specialist.
Elliott R. Oliva
Se Habla Espanol
In the 1960's when the lake was made many people scooped up land on the southside and as time has gone by the North side is being sold off and developed.
Hope this answers your question and if you have anymore feel free to call.
Trend Setter Realty
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