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Clear Lake Homes With an Eye on Bay Pointe
While the overall Clear Lake Homes market has been off by about 12% this year,
the Bay Pointe subdivision has gone against the grain with an increase in
home sales; 24 through October 31st. That beats last year of 19.
By the way to clarify, when I say Clear Lake homes are off this year, I mean
that the numbers are off, not the prices. Prices remain stable- not up, not
down- relatively flat.
The average home sold in Bay Pointe this year was $188,933 compared to $185,413
last year; up just about 2% Contrast that to some parts of the
country and we’ll take it all day long! The number of days on the market
is higher at 50. Last year Bay Pointe homes were on for about
35 days. In 2008, they did sell a little closer to list price with a “list to
sale” ratio of 97.8%. This year the list to sale ratio is 97.2%.
Currently about 20% of the active homes for sale in Clear Lake are under
contract. Bay Pointe is right in line with 2 of the 10 homes currently for
sale having contracts.
It will be interesting to see what the market does with the tax credit
being extended for first time homebuyers. Even more so with the addition of
the $6,500 tax credit for those families who already own and are buying again.
If you own a home in Bay Pointe and are curious what your home may be worth,
you can request our free Bay Pointe house prices report.
Meantime feel free to search ALL Clear Lake homes for sale.
