Homes for sale in Clear Lake - Bay Glen
There seems to be a lot of speculation going on about real estate prices right now and it's important to remember- real estate markets are local. It is easy to get caught up in what the media would have you to believe and that is, all real estate is in proverbial toilet. We've got the national economy, and the local one. Some parts of Houston even are doing better than others. Hyper Local maybe?
I'm looking for a GREAT deal!
Hey! Who isn't? In the Bay Glen Neighborhood the number of homes closed through 8/17/2009 was 44. This compares to 40 this year. No complaints there. The average sales price this year in the Bay Glen neighborhood is $166,072 compared with $165,943 last year. Average market time is up a bit this year and we're seeing a bit more in terms of homeowners listing with more than one agent to get their homes sold. The cumulative days on the market is 55 this year as opposed to 50 last year. Still, not bad when you consider the nations economy.
Bay Glen has always been a great neighborhood in which to own a home. It's convenient to I-45 where you can head north and be in Houston in 20-25 minutes or head south and be fishing off a pier in Galveston in 35 to 40 minutes.
I fully expect to see a softening of sales in the Bay Glen neighborhood with layoffs looming in our area. There is evidence of that with the current inventory of 38 homes of which only 5 are under contract. Last year it was a rare occasion to see more than a dozen or 15 homes for sale at any given time.
If you own a home in Bay Glen and want more information, you can check out our free
Bay Glen House Prices Report.
Or if you're looking for another home in the area, you can search all homes for sale in Clear Lake as well as other communities.
Watch for other neighborhood statistics coming soon.
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