BAYOU VISTA REAL ESTATE MARKET TRENDS UPWARD IN 2010. According to statistics in Houston MLS, comparing homes sales from January 1 to September 23 last year to this year, 2010 has seen a 25% increase in the volume of homes sold, as well as an increase in average price per square foot; $105/sf in 2009 and $111/sf in 2010. Keep in mind, these are averages - some properties sold for more, some sold for less.
This is great news for the waterfront area that has seen an overall reduction in value of 25% over the last 3 years. The increases are despite the large number of overpriced homes still on the market well over a year. And despite the larger than usual number of foreclosures in the subdivision.
However, looks like the average "days on the market" for properties that have sold in 2010 has increased to 134. 2009 had an average of 101 "days on the market".
Comments(0)