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Clear Lake Texas Real Estate – Focus on Brookwood
The numbers seem to be getting a little better in the Clear Lake Texas real estate market.
Last year in the Brookwood subdivision of 904 single family homes, there were 14 home sales in the first 2 quarters. This year there were 22. And prices of Brookwood homes are actually UP! That’s great news for Brookwood homeowners. The average sales price last year was $267,000 while this year the average sales price was $277,869.
The average number of days on the market has remained fairly constant at 60 days last year and 62 this one.
My best guess is that this year will end up significantly better than last due to our Mr IKE. Yeah, I know…the year’s not over yet but I can certainly hope this year is not a repeat. At least I hope not. The last quarter of 2008 really tanked.
The Brookwood neighborhood was built in 1988 through 1994 by 3 primary builders; David Weekley Homes, Perry Homes and Village Builders. Homes range from a little over 1,800 feet for the smaller patio homes to over 3,700 square feet. Homes typically have 4-5 bedrooms with a small handful of 2 or 3 bedroom homes (mostly patio homes). Brookwood homes generally have 2 – 3 full baths and one to two half baths.
You can see Brookwood homes for sale here. If you own a home in Brookwood, be sure and check out our Brookwood house prices report.
See also Clear Lake House Prices.
Clear Lake Texas Real Estate – Focus on Bay Glen
Bay Glen Homes
Sales in Bay Glen have started off with a BANG this year. Finally!
The average turnover in Clear Lake is a little over 6%, meaning that in any given year, 6 out of every 100 single family homes will sell. Last year in Bay Glen, that number was 70 out of the 1,389 existing homes in Bay Glen, or 5.0%.
In the first 2 quarters of 2009, there have been 47 Bay Glen homes sold. Contrast that to 36 in that same time period last year. Average market time is a bit longer at 59 days whereas last year, it was taking 46 days. Keep in mind that the days on the market is defined as the date an acceptable offer is received on the home and not the “drive out” time. Add about 30 days and you have the average length of time from the sign going in the yard, till the moving truck pulls up. Read the rest of this entry »
Clear Lake Homes Sales Down First Half of 2009
The number of home sales this year is significantly lower than last. For the period ending July 15th of this year, there were 282 single family home sales. Compare that to 348 for that same period last year. Numbers may be down but it’s not taking as long to sell those homes either with an average number of days on the market of 58 this year. Last year, it was taking 65 days.
My guess is that while we’re still in a better economy than 80% of the country, people are staying in their homes longer for any number of reasons. Many I think are deciding they don’t need the extra game room, or the extra bedroom, instead opting to “sit tight” right where they are. It would appear people are basing their decisions more on needs than wants. Refi’s were at an all time high earlier this year. Some of my mortgage friends couldn’t keep up with the refi’s that were coming so fast and furious.
The average sales price for Clear Lake this year (single family homes) is $222,860. Last year it was $224,378.
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