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 were recently introduced to a new Home Warranty company with amazing technology and a different concept for keeping home repairs from sky rocketing, and as a real estate Broker I was not only excited to introduce this to my clients, I was excited to sign up myself. However, in less than 30 days as I logged online to set up a home warranty for a client, I found out that this company had been gobbled up by a larger home repair company! What started as a vision to offer better hands on service for home warranties, ended with a huge payout.
Doesn’t it seem like all the small companies are being taken over by the large companies and limiting our options? Amazon is the largest retail internet site in the world, but they continue to add services and gobble up smaller companies. Will we become a world where all of our shopping is done on Amazon? The same thing seems to be happening in real estate as some of the largest real estate companies in the world acquire or merge with the small boutiques.
Energy Realty is a small boutique with only 25 agents, and we are all about full hands on professional service. In a world that is being taken over by the corporate giants, I hope to remain the small fish so that we can continue to cater to the needs of our clients.
Technology is great and is making our lives easier in many ways, but we are losing the personal touch through technology. What happened to the days of calling a company and having a live person answer the phone? Why do we need to go through a litany of recorded options over the phone or internet before we can get a live person to finally answer our questions? Many of the large companies no longer give you an option to speak to a live person and expect you to find your answers on their website “Help” section.
When dealing with someone’s largest investment, I feel that we accomplish so much more with personal interaction, not only through the negotiations process, but also to help give our clients the comfort and ease they need when buying or selling a home.
Admittedly, I am an online shopper, and Amazon is a go to site, but when I am looking for service, I want to work with a company that treats me like an individual and not a number. In the end, quality is more important than quantity.
Thank you for letting me ramble on this month about corporate take over’s. I promise to give you my views on the market again next month.
We are officially under a storm watch going into the weekend, and the homeowners who have just started to recover from Harvey, are probably holding their breath over the potential threat of a hurricane entering the Gulf. Communities that flooded from Harvey are still recovering from the financial blow to
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Houston, TX 77077