Featured on Forbes list of most expensive real estate in Houston, Southside Place is an independent city within Houston’s inner loop. Good location, great schools, intimate community and steadily appreciating home values makes this affluent area a very attractive place to live.
This small, boot shaped, Texas city is about a 10 block area, convenient to the Texas Medical Center (Med Center) complex and Rice University. It is situated just south of West University Place and east of Bellaire with good access to downtown Houston.
Southside Place is within close proximity to the Med Center area which is reported as “the largest life sciences destination in the world”. The Med Center is home to approximately 54 medical institutions including, MD Anderson Cancer Center, Texas Children’s Hospital, Baylor College of Medicine, Houston Methodist Hospital, St. Luke’s Health, The Texas Heart Institute, Memorial Hermann and many more. This employment hub collectively provides over 100,000 Houston jobs.
Fire Truck Park
A landmark in Southside Place is Fire Truck Park, a fun spot for play dates or to meet other parents in the neighborhood. This well planned kids park features old fashioned play equipment like a see saw and tire swing as well as rock climbing and plenty of swings. The large covered pavilion provides some much needed shade for those hot Texas days. For an annual fee residents can access the community pool and tennis courts. Near to City Hall is the Southside Place Community Garden where residents join together to grow organic fruits and vegetables which helps serve food pantries and food banks in the greater Houston.
There are approximately 390 single family homes in Southside Place with a population of 1,726 residents. Year to date, in 2019, there have been 7 closed sales. The median sales price is $1,550,000 with an average of 100 days on the market. With only a few sales each year a trend analysis is inconclusive. However, a study of the price per square foot over a more extensive period paints a more compelling picture.
There is a 4 month supply of homes currently on the market with 5 active listings and 1 pending sale. The median list price is $2,590,000 with a median of 111 days on the market. This represents a 4 month supply of homes on the market.
Earning its place on the Forbes list, living in Southside Place comes with a hefty price tag, yet it promises to charm the most discerning of buyers.
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(1) Market analysis based on local MLS data
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Certified Residential Appraiser, Gynell has a diverse appraisal background covering Commercial, Residential, Rural, Complex and Luxury Properties as well as National Appraisal Review work in the secondary Market. She began her Appraisal training in Oklahoma in 2001 covering Rural and Commercial Properties. With several years as a National Review Appraiser at Fannie Mae and other big banks, Gynell has keen insight into the secondary market guidelines and requirements.