Bellaire, TX

Single family homes sales increased slightly more than all of Houston during the third quarter 2009. Houston's sales increased 1.5% While Bellaire's increased 4.5%. The increase was led by homes priced under $350,000 (54.5% increase) and homes in the $750,000 to $1 million (50.0 % increase) All other price ranges were down significantly. While homes priced between $1 million and $2 million are selling well in some areas, they are still languishing in Bellaire. No homes over $2 million sold in Bellaire during the third quarter.

The home shown in this post is 4611 Braeburn listed at $1,149,000. You can find photos, floor plans and detailed information at 4611braeburn.com.

The season is around the corner, fall is here, and the onset of Halloween, Thanksgiving, Christmas and New Years will be here before you know it. Everyone wants a fresh new look, but the economy is putting a damper on peoples finances nowadays. Not to worry, you can still get a new look using what you already own. That's right, it's called a redesign, and it can all be done with a professional redesigner using your furnishings in ways that you may have never imagined.

It's the perfect alternative! A whole new look for a fraction of the cost in a day or less. "Wow", your Holiday guests, and give your home an updated look.

We can make any room look entirely different...you won't believe it!

After all, that is what we founded our company on...Interior Redesigns!

Give us a call to start your Holidays out right with a mini-makeover.

Our contact information is below.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

If you book a home staging consultation by November 6th for the month of November, we will give you our all inclusive "Walk-n-Talk" consultation from curb to back fence and all areas in between for a special rate of $135.

If you've been on the fence, here's your chance to get to most comprehensive customized expert advice on staging your home. We walk through like a buyer would, giving recommendations, tips, cost effective advice and color and paint selections. It's time to start now...What are you waiting for?

This is our pre-holiday special and spaces are already filling up, this is the biggest bang for your buck when selling your home or redesigning your home for a new look, especially for the Holidays!

*You must mention the "November Special" in order to recieve discounted rate. This is for a limited time and area.

All of our contact information is below.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Previous posts have shown that home sales in some neighborhoods such as Southampton Place and West University/ Southside Place have begun to rebound. In West University/Southside place 3 times as many homes over $1 million sold in the past six months as were sold between October 2008 and March 2009. Southampton Place, while not insulated from other neighborhoods, is moving to become Seller's market.

Sales of single family homes in Bellaire are improving, but not at the rate in many of the other neighborhoods. Even when basing inventory levels on the rate of sales in the past six months, the segment of homes over $1 million is definitely in a Buyers' market. Homes priced under $1 million, typically older homes, have moved to being a stable market.

In previous posts I have explained how the inventory level is calculated and how to interpret it. Please read those previous posts for more information.

Shown below is a table showing inventory levels in Bellaire by price range using both the Standard Method and the Six Month Method. The Standard Method uses sales for the past 12 months and the Six Month Method uses sales from the past six months.

BELLAIRE

MONTHS OF INVENTORY

October 1, 2009

Bellaire a city within the city of Houston offers the perfect combination of quiet, small town America , with the convenience of big city attractions. Originally one of Houston 's first suburbs, Bellaire grew from a small farming community to a booming residential neighborhood. Bellaire is known as the "City of Homes " as the city is mostly residential. The city mainly functions as a bedroom community for upper-middle class families. As of 2000, Bellaire was the 27th wealthiest location in Texas by per capita income. Bellaire High School is a flagship of the Houston Independent School District (HISD). An HISD magnet school for foreign languages and the International Baccalaureate Program, Bellaire High School is well known for consistently producing the highest number of National Merit Finalists of any high school in HISD, in addition to regularly producing state champion baseball teams. Bellaire is made up of enclaves. They include Bellaire Place, Bellaire Courts, Bellaire Oaks, Sylvania Courts, Southdale, Teas Gardens, Westmoreland Farms, Braeburn Hollow, Blume Acres, Tenbrook Plaza, Elmhurst, Hollyview, Post Oak Terrace, Carroll, Evergreen Plaza, Mulberry Manor, Turrentine, Pin Oak Estates, Cranford Place, Braeburn Gardens, Oak Terrace, West Post Oak, Cedar Oaks, Twin Oaks, Bellview, Peaceful Valley, Oakdale, Teasdale, Richmond Plaza, Aband Alley, Evergreen Court, Vaughn Estates, Loveland Terrace, Georgian Terrace, Spruce Lane Place, Beechmont, Heart of Bellaire, Normanor, Willow Lane Place, La Mont, Frank L. Holton, Braeburn Gardens, and Braeburn Country Club Estates. City of Bellaire 2008 Real Estate Market Report Number of Homes Sold 227 Average Day on Market 83 Sales Price Range $210,000 - $2,175,000 Average Sales Price $729,554 Zip Code: 77401 Area: Southwest Houston, Bellaire Texas

For more information or to schedule a showing of any property Call (832) 298-2893 or E-mail:Steven Teoh, your Houston Luxury Homes Specialist.

www.Bellaire.Houston-Luxury-Homes.com

Steven Teoh's web Site:
www.HoustonLuxuryHighRises.com

www.Houston-Luxury-Homes.com

www.Houston-TownHomes.com

www.HoustonUptownLofts.com

www.teohrealestate.com