We considered selling our home and building a house in Montgomery. One of the lots we looked at was $36,000. And I wouldn’t call it “upscale”. So, we’re staying where we are.
Exxon is causing home prices to skyrocket in The Woodlands. Homes that wouldn’t sell a year ago for $250,000 are now selling like hotcakes for $300,000.
To me it’s strange. You drive down I45 and look over at the construction and it’s like an Emerald City. Entire freeway ramps are being built just for Exxon.
On Hwy 249 south of Tomball is Noble Energy. They bought the Hewlet Packard campus and are building more buildings. That area is booming.
“Exxon is causing home prices to skyrocket in The Woodlands.”
Yes, both The Woodlands and Montgomery are in Montgomery County. I knew a fellow who was getting a home he had for a rental, ready for sale in Magnolia which is in that area. He thought that house would sell faster now due to the Exxon venture. I suspect homes in Conroe will rise in price since we are so near there.