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West Houston Market on the Road to Recovery

Energy Realty just hosted the first annual Energy Corridor International Festival last weekend to help remind residents and local businesses why the Energy Corridor is a great place to live, work, and play. Overall, the festival was a great success as many local businesses came out and shared their food, culture, services and product on a beautiful sunny day, and the live performances and DJ created a lively atmosphere.

                This was a grass roots effort pulled together by myself and other volunteers, Amy Dukes of Energy Corridor Living Magazine and Barbara Denson, author of the Gary the Go-Cart series. As residents of the Energy Corridor, we have seen businesses and neighborhoods hit hard by first the downturn of the oil industry and second by Hurricane Harvey, and we want to revive this community again. Our hope is that this annual event will continue to grow every year and become as popular as White Linen Nights in the Heights.

                While driving through the neighborhoods that were hit hard by the release of the reservoir in 2017, I am happy to see that the neighborhoods have come back to life and are beautiful and pristine again for the most part.  As a result, the home sales in these neighborhoods and the Energy Corridor have picked up again, although the market still remains saturated with a 9 month supply of inventory.

                We are finding that in order to compete in a market full of remodeled flood homes that are often priced below pre-flood value, homeowners have to update and freshen their homes to sell, even if they did not flood. In 77077, there are 294 single family homes on the market;  205 in 77079; and 1147 homes for sale in Katy! That’s a lot of homes to choose from, so buyers can be picky right now.

                As the memory of Harvey slowly fades away and the neighborhoods look better than ever, the desire to live in the Energy Corridor will far outweigh the risks of flooding and this area will come back stronger than ever! At the same time, as oil prices continue to stabilize in the $60’s and are predicted to go up to $70/barrel in a year, the empty office spaces will start filling up again, and home values should follow this trend.

                There are great things happening in West Houston and I am excited to be in the middle of it!

  “We have so many Venezuelan friends and neighbors in the Energy Corridor, and our hearts go out to them as their country suffers,” said Sherry Campbell, owner and broker of Energy Realty. “We also have five Venezuelan agents, so we are personally connected.”

   Energy Realty intends to continue to raise money for I Love Venezuela throughout the year by donating a portion of sales to the foundation. The foundation was selected because of it’s widespread reach in Venezuela and it’s affiliation with the United Nations. As stated on their website, their mission is to “Create and channel resources to non-governmental organizations (NGO’s) that contribute to the well-being, human development and social transformation in Venezuela.”

  “I know the founder of I Love Venezuela, Santi Chumaceiro, and they have provided so much aid to Venezuela in the form of education, health, and social development,” said Soraya Goode, Realtor at Energy Realty.

In order to bring awareness to the crisis in Venezuela, Soraya Goode and her fellow Venezuelan agents intend to have a strong presence at the Energy Corridor International Festival with food provided by Pastelitos, artisanal products from Venezuela, and entertainment.

 The owner of Pastelitos, JR Criollo is originally from Venezuela and opened his restaurant on Eldridge Parkway in 2011. He serves a unique blend of Latin and Venezuelan flavors, but specializes in the Venezuelan pastelito, “a hand crafted pastry filled with savory ingredients”. The pastelito will be  just one of many Venezuelan products that can be sampled on April 27.

“We had a strong turnout of support from the community at the Art is An Outdoor Market and collected a lot of donations for the children of Venezuela on March 23,” Soraya added. “We expect to raise even more aid at the International Festival.”

Houston is one of the most diverse cities in the United States, and the Energy Corridor is one of Houston’s most diverse communities. Please join us in celebrating all of our cultural differences and join Energy Realty in their effort to help Venezuela. You can also go online to ilovevenezuela.org to make donations directly online.

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