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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!

Come celebrate everything that makes the Energy Corridor a great place to Live, Work and Play on Saturday, April 27 from 2-6 p.m. for the first annual Energy Corridor International Festival.  The Plazas at the Parkway will proudly host this event in their parking lot at the corner of Enclave Parkway and Eldridge Parkway.

“There are so many great businesses with an international flavor in the Energy Corridor, and I think this event will help revive the spirit of the Energy Corridor after being hit hard by both the downturn in the oil industry and Hurricane Harvey,” said Patricia Flowers, Property Manager at the Plaza.

The event has been spearheaded by volunteer residents in the Energy Corridor including Sherry Campbell, Broker/Owner of Energy Realty; Amy Dukes, Publisher of The Energy Corridor Living Magazine; Barbara Denson, a long-time resident; Patricia Flowers; and Rhonda Monteverde, Realtor at Energy Realty.

“We decided on an international theme because we feel that the diversity of cultures is one of the things that makes the Energy Corridor a great place to live,” said Barbara Denson. “Whether you are shopping, walking in Terry Hershey Park, or eating out, you meet so many people from other countries who have made West Houston their home,” she added.

Enjoy live music, food and games in the heart of the Energy Corridor as local businesses and residents gather to share their cultural diversity and community spirit.  The celebration will continue into the evening as the local businesses open their doors with dinner specials, more live music, and maybe dancing.

“We have some of the best restaurants in Houston right in our back yard, including French, Lebanese, Mexican, Italian, Indian, and Venezuelan,” Sherry said. “We just need to remind the community how much we have to offer in the Energy Corridor”

There is no charge to join in the fun this year, so bring the whole family! If you are a local business and want to participate, please contact Sherry Campbell at 281-679-6266.

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