Why are too many condos for sell in this area BOULDER BEND LN, Katy, TX 77494?

Asked by Lory, Katy, TX Sun Apr 22, 2012

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Bryan O'leary’s answer
Bryan O'leary, Agent, Katy, TX
Sun Apr 22, 2012
Duplex/condos a lot of times are used also for temporary living, contract employees. If someone ihas moved for the oil industry on a 2 or 3 year contract, you'll see the company they work for use a concentrated area, so there's a lot of turnover. Aside from that, there are a very limited number of these type units in the Cinco area, a highly regarded school district. So they are highly sought after when available when families grow and need more space, which happens on a regular basis. There are 4 units available at the moment if you want to go look at them. Feel free to call me.

Bryan O'Leary
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Joni Richards, Agent, Katy, TX
Sun Apr 22, 2012
Hi Lory,

Not sure there is a need for concern or not. There are 32 homes in Boulder Bend. Four are for sale.
That's about a 12% ratio but this is the peak season and sometimes multiple homes will be put on the market for various reasons. If there IS a problem it might be caused if the home is considered a Condominium rather than a townhome. However, I looked at the taxes and it mentioned lot and block description so that seems like at townhome. One would have to investigate that to make for sure. If it IS a condominium, financing is much harder to obtain so that could be the case. There is a hefty $700 HOA fee in addition to a monthly maintenance fee. Perhaps that plays into in. One would have to contact the managment company, Spectrum Management, to see what the fees are all about. I have never heard of Spectrum Management so I'm just guessing here. I oiten tell my buyers to knock on their potenially new neighbors door and ask them how they like living in the community, etc. One can ofter get a geat deal ot vital informaion that way. Hope this is of help to you.

Always at your service,

Joni Richards-Realtor
Creating Memories, One Home at a Time
Cell: 713-208-5599
Tel: 713-465-0524
Genesis Reatly
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Veronica Mul…, Agent, Katy, TX
Sun Apr 22, 2012
These are duplex townhomes in Cinco Ranch many built by Lennar Homes about 6 years ago. It is not uncommon for a family to move every 4-7 years. There are numerous reasons a family has a need to move; the most common are changes in employment, and changes in a family's size due to marriage or having children.
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Gilbert Wash…, , Katy, TX
Sun Apr 22, 2012
There are currently 4 active townhomes for sale. These are all fair market sales. I can only conclude that the owners lifestyle changed and they needed more space and privacy for their growing family.
Web Reference:  http://www.katy-homes.net
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