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BELLAIRE, TEXAS - DECEMBER 2007 - MARKET CONDITIONS REPORT
Bellaire, Texas, located on both sides of Interstate Loop 610 West, is surrounded by Houston and many subdivisions including West University Place, Southside Place, Meyerland, Willow Meadows, and Afton Oaks. It's a very short distance to the Galleria, Reliant Stadium, downtown Houston, the Theater District, and the Medical Center.
Bellaire is zoned for residential, commercial, and light industrial sections. The city is well known as a residential city. The city is well-liked for its police and fire protection, parks and recreation facilities, library, public works department, and recycling center.
According to information that I reviewed on Houston Association of REALTORS Multiple Listing Service, there are currently 119 single family residential homes on the market priced from $229,900 for a "liveable" 1256 sq. ft. 3 bed/1 bath home on a 8470 sq. ft. lot to a high of $2,649,000 for a 7500 sq. ft., 5 bedroom/ 4 full, 2 half bath planned new construction home on a 18,900 sq. ft. lot. The average list price per sq ft is $241.49. Forty five are for sale for over $1,000,000 and 24 homes are priced at $400,000 or less. As of 12/19/2007 there are an additional 24 homes pending under contract priced from $269,000 to $1,999,500.
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