Magnolia has secured a spot in the Top 10 list of most sought-after communities for homebuyers. This comes from buyers having more attainable options as inventory expands and prices remain competitive in these communities.
According to HAR’s latest Hottest Communities in the Houston Area report, more than 70% of transactions in Magnolia/1488 West involved newly built homes.
HAR’s Chair, Theresa Hill, stated that affordability is still one of the biggest factors influencing buyer behavior right now. Communities like High Meadow Development that offer value are seeing the strongest momentum.
Magnolia has continued to grow over the past few years because of communities like High Meadow Development, with low tax rates, the choice to bring your own builder and acreage properties in one of the hottest communities in the Greater Houston area.