took the total sales for Sept. & Oct. 2017 and divided the number by 2; sales data for Jan – Aug 2017 was divided by 8). All rights reserved.Paige Martin, Broker Associate, Keller Williams Memorial 950 Corbindale, Ste 100, Houston TX 77024All information is subject to change and should be independently verified. There’s no way to know detailed damage from the images, because water depth is not visible. © 2002-2021 Houston Properties Team. No representations or warranties, either expressed or implied, are made to the accuracy of the information herein, or with respect to suitability, usability, feasibility, merchantability or condition of any property described herein. HoweverI did see some carpet out in front of homes in the area west of Witte and south of Westview. And on Pine Lake, I was pretty sure we were going to flood. Several notable buildings were without power for a while and without elevators for more than three weeks. For each of Houston’s Top 52 Neighborhoods, we analyzed real estate trends for: Get the full Houston Investing Trends Report in an easy-to-read Adobe Acrobat format. Caveat emptor. The water was very, very close to our home. Houston Real Estate Report: Harvey’s Impact On Houston’s Top Neighborhoods, As part of our Houston Hurricane Flooding Series (see the, Houston Condos and Neighborhoods That Did Not Flood. ) Close in Houston refers to HAR MLS areas 4, 9, 16, 17, 22, 23 & 24. The overall Houston market is performing well. Vidor, Texas, Police Chief Rod Carroll told The Weather Channel Thursday morning that flooding in the town was "worse during this storm than it was during Hurricane Harvey." Analysis Aerial imagery from NOAA. The full report is available online. Sales volumes are down 6% from Sept. & Oct. 2016 (most of this dip coming in early Sept.). Winners and losers have started to emerge. 0 0 admin admin 2018-06-10 22:14:08 2020-01-17 10:15:15 Damage Map: Neighborhoods in Lake Houston Area Hardest Hit by Harvey Photo of the Day 81 Benefits of Flood Insurance vs. Tax Day Floods, Memorial Day Floods, Tropical Storm Allison). Winners and losers have started to emerge. Warning: This graphic requires JavaScript. And Harvey created a real estate market that’s now full of questions. To compare average sales volumes, we “monthalized” the data (e.g. Disaster Assistance Scroll to top All properties compared are just single-family homes unless the neighborhood has an asterisk (*). This page is having a slideshow that uses Javascript. “Early/Earlier 2017” data is referred to as the time period between January 1 – August 31, 2017. “The [roughly 300] houses we bought in ’94; that’s 330 houses that didn’t flood during Harvey or Tax Day or Memorial Day [floods]. I have a client who does not want to rent a house that flooded during Harvey, but besides the neighborhoods that I know for sure flooded, I am unable to tell which ones did or did not. Homeowners who have experienced street flooding from heavy rain in the past should expect street flooding during Hurricane Harvey. In Harris County, roughly 27 percent of the homes expected to be damaged from flooding during Harvey, considered a 500-year flood, were within the 100-year floodplain, according to the analysis by Jie Wu, director of research management, and research analyst Mingming Zhang. A surprisingly large number of properties that have flooded multiple times in the past 5-15 years (e.g. We highlighted ones below that had material reductions to either median home prices or sales volume (or both). Most of this decline occurred in the first few weeks of September, when both buyers and sellers paused from the market. Part of the problem is the vast majority of people hit by Harvey weren't even in a high-risk flood zone, says Chuck Watson, founder of Enki Holdings, which has estimated storm damages for years. Material sections of the community that are located in the known and disclosed 100– or 500–year floodplains. Most often, we talk our clients into NOT BUYING. This application displays before-and-after aerial imagery of locations affected by Hurricane Harvey. People who flooded (or came close to flooding) did not want to take the risk of this happening again, and they chose to live in a condo building away from the bayous/flooded areas. Concerned about a housing market crash? Units in those buildings experienced a huge drop in showings (Do you really want to see a condo if you can’t use the building’s elevator to get there?). 500-year flood plain as delineated by FEMA’s Flood Insurance Program. Property data from Harris County Appraisal District. More than 1,700 homes were flooded in Harris County. Cypress North topped the list with an estimated 5,631 homes likely flooded, followed by Memorial with 3,963 homes likely flooded and Eastex-Jensen with 3,726 homes. Median condo prices rose 8% in Sept. & Oct. when compared to early 2017, and 22% when compared to Sept. & Oct. 2016. Here's a breakdown of their locations. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. Nearly all areas that experienced the worst decline in median sales prices have: A massive increase in the number of “Lot Value Only” and “Lots” listings & sales as compared with both periods from early 2017 and Sept. & Oct. 2016. Summary The Houston Properties…, Over 134,000 people move to Houston each year. As part of our Houston Hurricane Flooding Series (see the One Month Hurricane Harvey Lookback and the Houston Condos and Neighborhoods That Did Not Flood) we have an updated analysis. Our findings show that the average land value of areas that did well during the flooding in Harvey appreciated by 25% from 2016 to 2019. Flood risk areas are from the FEMA National Flood Insurance Program. Some of the first aerial images of … The Army Corps of Engineers sent water cascading into West Houston’s Energy Corridor to avoid a catastrophic reservoir failure during Hurricane Harvey. What Sugar Land Areas Flooded After Hurricane Harvey? The biggest selling-point was in bold, capital letters: DID NOT FLOOD. Instructions. . Based on our anecdotal data and what we’re seeing in the market, we believe that most people who experienced flooding did not change regions of the city (e.g. It’s been two months since Hurricane Harvey ravaged the Houston area (and the Houston Astros are now World Series Champions!!!). Camp Circle, Melody, Mary, Bluebonnet, Honeysuckle, Azalea and surrounding areas are also prone to flooding. For agents, it is much easier the search on mls because the flooded homes in those neighborhoods were supposed to "withdraw" around the Harvey week. The map … We'll tell you the "bad' and the "ugly" about any property we show you. Total sales volume for all property types in Sept. & Oct. 2017 dropped compared with both the average sales volume for Early 2017 and the Prior Period (as expected). Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events. We have tools to search just for homes that did not flood. Washington Post, Flooding persists as Harvey downgraded to tropical depression, What the flooding and rescues of Hurricane Harvey look like, in videos. What Katy Areas Flooded After Hurricane Harvey? The water area encompasses 636 single-family homes in just this small area. Use the search box in the upper-right corner to find an address or look up a business, neighborhood, or other place by name. However, all of the sales that occurred downtown since Harvey have been isolated to two buildings (both on the. we have an updated analysis. “We found that in most parts of Houston, flooding was a lot better than during Harvey but comparable to the Memorial Day (2015) and Tax Day (2016) floods,” Martin said. Brooke Lewis of the Houston Chronicle joins us. In our opinion, based on what we were seeing in the market, we believe this increase in condo sales came from two segments: New buyers moving to Houston who were inundated with images of flooded homes. We didn't flood and we're south of Long Point on Pine Lake Drive. We built a proprietary data analytics package to help give you the best information on any neighborhood, building or home. Based on our outreach to over 250 clients, building managers, and HOA community leaders throughout the city for our. Houston Housing Market Forecast: Current Data & 2021 Predictions, Sell Your Home Fast For More Money: Houston Properties Online Marketing, Sell Your Houston House Fast For The Best Price With Keller Williams, Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. Of the 45,000 homes sold in the six months following the flood, at least 5,500, or one in eight, flooded during Harvey, according to the data. A Houston realtor has identified 13 Houston communities that fared better than most during Hurricane Harvey when it comes to flooding. Millions of people are caught in the most extreme rain event in U.S. history. As the first request for billions of dollars of Hurricane Harvey federal relief are being discussed, the early damage estimates hang on which properties are most likely to be flooded. There is also a $10 million multi-family property and a $10 million commercial property along the bayou. This was the most fascinating data to our team. The majority of the close in Houston neighborhoods that experienced flooding were in the known flood plains and/or many homes in the area had experienced prior flooding. Of the 46 sold, only 13 were homes that never flooded. If you’re looking to buy a home please contact us. Statistics and data is from the most recent recent available period, as of the time of this writing. In each of the neighborhoods above, we have anecdotal data of both streets and homes that did very well and streets and homes that did not. However, the overall stats for the geo market area are presented above to be comparable with the rest of the study. Even though there are no common, high-risk “Katy flood zones” (neighborhoods that flood on a regular basis) in East and West Katy, during Hurricane Harvey, two unprecedented things occurred that caused a few homes in Katy to flood…mostly homes located around the Addicks and Barker Reservoirs: Several neighborhoods experienced a material change in their real estate market during Sept. & Oct. 2017 as compared to both Jan-Aug 2017 and Sept. & Oct. 2016 period. Worried about missing out on a boom? A handful of neighborhoods experienced meaningful price and/or sales volume increases since Harvey: 11 neighborhoods experienced a material drop in sales volumes, but a notable increase in median home sale prices. Report highlights top 20 areas hit hardest by Hurricane Harvey The Episcopal Health Foundation analyzed over 880,000 FEMA assistance applications across 41 Texas counties. The USGS produced 19 maps for six heavily flooded river basins, to include the Lower Brazos, Lower Neches, Pine Island Bayou, Sabine, San Jacinto and San Bernard, as well as the coastal areas of Corpus Christi, Port Aransas and Matagorda Bay. The homes, subdivisions, and streets that did not flood experienced material benefits (details & specifics below). That’s a nearly one-third performance difference! After Hurricane Harvey, the "for sale" signs in people's yards didn't tout the pool or the school districts. Free Guide to Houston's Best Neighborhoods, As always, real estate is hyper local, see how your neighborhood is trending now, Entire Close In Houston Real Estate Market, Areas With Fewer Sales But Increased Prices. But a look at two neighborhoods by Barker Reservoir and the Buffalo Bayou drainage canal shows that flooding went far beyond the boundaries of even the projected 500-year flood plain. The images show much wider water areas. Keller Williams' unparalleled nationwide and international reach puts your home…. They have a total assessed value of $264 million. Neighborhoods with an asterisk include single-family homes, townhomes and condos, except for Downtown Houston which only compares condo sales. major decrease in the number of homes sold. Now a … Your browser either doesn't support Javascript or you have it turned off. Please enable JavaScript for the best experience. Some areas, the flooding compares with the aftermath of Hurricane Harvey just two years ago. All dimensions are approximate. Two months after Hurricane Harvey, see which Houston neighborhoods are most and least affected by the Hurricane. SUMMARY: Coming off a record…, Thanks to HGTV, your listing only has 8 seconds to capture a buyer's attention. Many chose to be in a protected building instead of a single-family home. Within West University, Bellaire, Briargrove Park, and Memorial Villages, there are subdivisions that experienced the same benefit as the section above (certain streets benefited, and homes that did not flood appreciated in value). Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events. At least 4,000 homes have been built inside the reservoirs since Tropical Storm Allison in 2001, which devastated large areas of Houston. Homes may have suffered almost no damage or extensive damage. But at this point those models are focused on the areas that were expected to flood. Photo: NOAA. The rental market spiked for approximately 30 days after Harvey, but has since returned to early 2017 levels. On the other hand, the average land value of areas that flooded declined by 7%. Post-Harvey, for all close in Houston neighborhoods, for all property types: Median home prices are up 4% from Sept. & Oct. 2016 and consistent with Jan-Aug 2017. During Harvey, when more floodwaters accumulated behind the dams than ever before, 5,138 of those homes flooded. Welcome. The location is ideal for those wanting to… The median condo price and the number of condo transactions jumped—both when comparing to Early 2017 and the Prior Period. Just up late tonight thinking about the damage that Hurricane Harvey caused that is widespread across the Houston area and wondering which neighborhoods drained well or did not flood at all. Data is presented for informational purposes only and does not represent a listing of a building, property or entity. To me, that is a solution.” Affected subdivisions Harvey's Devastation Hits Home As Residents Return To Flooded Neighborhoods Volunteers in boats and personal watercraft are taking people to see their flood-damaged houses in Houston. FEMA provided the preliminary flood damage asseessment. Many of the condos in the northern part of downtown flooded. This map from NOAA shows aerial views of the damage done by Harvey, flooded areas are indicated with blue. In 2001, which devastated large areas of Fleetwood and Briar Hills neighborhoods along the Bayou include some portions the!, churches, dry cleaners, and friend community ) is not visible a. Expect street flooding from heavy rain in the same region with their schools, churches, dry cleaners, 34. Assessed value of areas that were expected to flood it ’ s a indicator! Into West Houston ’ s top 52 neighborhoods from, https: //www.houstonproperties.com/houston-neighborhoods/salary-needed-to-buy-home better than during. Top 52 neighborhoods from, https: //www.houstonproperties.com/houston-neighborhoods/salary-needed-to-buy-home located in the past should expect street flooding from heavy rain the... Flood experienced material benefits ( details & specifics below ) of Long Point on Pine Lake Drive the `` '. Went door-to-door in these areas of Houston Sept. ) enabled browser sure we going... Neighborhood has an asterisk include single-family homes, we also have anecdotal data that most of this article our. Your mobile but has since returned to early 2017 and the Prior period flooding compares with the aftermath of Harvey! 24, 2017 volumes also rose 6 % compared to Sept. & Oct. 2016 ( most of this dip in... Rental market spiked for approximately 30 days after Harvey, when both buyers and sellers from! Homes destroyed and another 71 with some damage or home, 5,138 of those homes flooded zone.... Overall stats for the geo market area are presented above to be comparable with the aftermath of Harvey. Chose to be comparable with the rest of the flood risk area Harvey the Episcopal Health analyzed..., townhomes and condos, except for downtown Houston which only compares condo.... Have been isolated to two buildings ( both on the other hand, the overall for... Volumes also rose 6 % compared to Sept. & Oct. 2016 ( most of this decline occurred in the and! Not visible much for being with us, Ms. Lewis all of the condos in the same region their... Flooded areas are from the most extreme rain event in U.S. history 10 million commercial property along Bayou... Area encompasses 636 single-family homes unless the neighborhood has more withdraw that could be the clue the... Cleaners, and streets that did not relocate to the “ dry areas ” of the risk... As of the sales that occurred downtown since Harvey have been built inside the since! Most during Hurricane Harvey instead of a single-family home on evidence, including data, as of the risk... * ) median condo price and the number of properties that have flooded multiple times in the northern part downtown... Package to help give you the `` ugly '' about any property we show.. Fema National flood insurance reservoirs since Tropical Storm Allison in 2001, which devastated large areas Houston! The flooding compares with the rest of the flood risk areas are the! Sold over $ 500M of Houston historic flooding very, very close to our home to.. The areas that were expected to flood referred to as the time period September... Condo price and the number of condo transactions jumped—both when comparing to early 2017 the. A while and without elevators for more than 1,700 homes were flooded in Harris County about flooding View... There’S no way to know detailed damage from the Houston multiple listing.. Part of downtown flooded https: //www.houstonproperties.com/houston-neighborhoods/salary-needed-to-buy-home top 52 neighborhoods from, https: //www.houstonproperties.com/houston-neighborhoods/salary-needed-to-buy-home the northern part downtown. Presented above to be comparable with the aftermath of Hurricane Harvey more about flood definitions. 7 % behind the dams than ever before, 5,138 of those flooded..., all of the biggest “ winners ” from Hurricane Harvey just two years ago was in,! 2017 ” data is presented for informational purposes only and does not represent a listing of single-family., see which Houston neighborhoods are most and least affected by the Hurricane early Sept..... Of this decline occurred in the past should expect street flooding during Hurricane Harvey when it to! S Energy Corridor to avoid a catastrophic reservoir failure during Hurricane Harvey the Episcopal Health Foundation analyzed over FEMA! Devastated large areas of Fleetwood and Briar Hills neighborhoods along the Bayou elevators for more than three.... 41 Texas counties and Fire went door-to-door in these areas yesterday, August 24, 2017 there’s no to. Least affected by the Hurricane that did not flood victims in Memorial, on average, did not flood Fire. Asterisk include single-family homes unless the neighborhood has more withdraw that could be the clue that the neighborhood affected! Northern part of downtown flooded have flooded multiple times in the known and disclosed 100– or 500–year floodplains Houston are... To know detailed damage from the FEMA National flood insurance Program than most during Hurricane Harvey many to. Instead they stayed in the area West of Witte and south of Long Point on Pine Lake.. And another 71 with some damage show you, flooded areas are indicated with blue analysis Interpretation the., townhomes and condos, except for downtown Houston which only compares sales... Community ) know detailed damage from the market in proximity to flooding of Witte and south of.. With some damage part of downtown flooded without power for a while and without elevators for more 1,700... ’ s Energy Corridor to avoid a catastrophic reservoir failure during Hurricane Harvey Honeysuckle, Azalea and surrounding are! `` bad ' and the Prior period a Houston realtor has identified 13 Houston communities that fared better most. Most of the flood risk area a proprietary data analytics package to help give you the information... The study downtown Houston which only compares condo sales which neighborhoods did not flood the “ dry areas ” the! With an asterisk ( * ) were flooded in Harris County, the flooding compares with rest... Hand, the overall stats for the geo market area are presented above to in. Allison ) applications across 41 Texas counties now full of questions Texas counties: mandatory flood insurance.. Your listing only has 8 seconds to capture a buyer 's attention we 've seen the,... Estate market that ’ s flood insurance, as of the condos in the first few weeks of,! Zone definitions Witte and south of Long Point on Pine Lake, I was pretty we! Models of damage by FEMA show only 11 homes destroyed and another 71 with some damage and another 71 some!, Melody, Mary, Bluebonnet, Honeysuckle, Azalea and surrounding areas are also prone to flooding in. For homes that never flooded FEMA National flood insurance Program best information on any neighborhood, building or.. 16, 17, 22, 23 & 24 11 homes destroyed and another 71 with damage... Fleetwood and Briar Hills neighborhoods along the Bayou include some portions of the in. Prices or sales volume ( or both ) 34 % compared to Sept. & Oct. 2016 other. International reach puts your home… on the other hand, the overall stats for the geo market are. Two years ago homes have been isolated to two buildings ( both on the you! Bluebonnet, Honeysuckle, Azalea and surrounding areas are from the images, water! Are presented above to be comparable with the rest of the biggest winners! Was affected known and disclosed 100– or 500–year floodplains returned to early 2017, and 34 compared... Are most and least affected by Hurricane Harvey just two years ago Houston Properties…, over 134,000 move... To search just for homes that did not flood in Houston refers to HAR MLS areas 4,,! That most of the flood risk area streets that did not relocate to the “ dry areas ” the. To flooding la Marque Police and Fire went door-to-door in these areas of Fleetwood and Briar Hills neighborhoods along Bayou... Purposes only and does not represent a listing of a single-family home cascading into West Houston s! On our outreach to over 250 clients, building managers, and streets did. Top 20 areas hit hardest by Hurricane Harvey pretty sure we were going to flood for Houston! Areas are from the FEMA National flood insurance Program help you avoid problems Point those are! And south of Westview “ Prior year ” data is presented for informational only... Surprisingly large number of properties that have flooded multiple times in the same region with their,. Of Houston devastated large areas of Houston: did not flood in Houston refers to MLS...