Bay Area Texas Real Estate John Duncan

There's a new kid in town.

Wouldn't you know it. Just as I posted about <a title="Bay Glen Market Activity" href="http://houstonrealestatehomesandmortgages.wordpress.com/2009/04/09/clear-lake-texas-real-estate-bay-glen-subdivision/" target="_blank">market activity in the Bay Glen neighborhood</a> in Clear Lake City, another new listing becomes available.

And it's a beauty.

I'm not the listing agent but she sure must be proud. This home has tons of updates. I'll be very surprised if it's not snapped up this week. Built by Brighton Homes in 1987, it features 4 bedrooms, 2 and one half baths and an upstairs gameroom.

Here are a list of updates:
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· Porcelain Tile on first level

· Harwood entrance in foyer

· Maple Hardwood stairs &amp; on 2nd level

· Granite countertops in kitchen

· Solar screens on all windows

· Spacious covered deck (great for those springtime barbeques!

· Hardiplank siding in July of 2006

· A/C &amp; Furnace replaced in 2005

· Roof replaced in 2004 (Makes for a happy insurance carrier!)

· Dishwasher 2008

• Fresh interior paint

This home is beautifully landscaped. Be sure and check out the backyard. You can see this <a title="1503 New Cedars" href="http://www.bayareapropertiessearch.com/listing/mlsid/113/propertyid/18605495/" target="_blank">Bay Glen home </a>in it's entirety. If you like what you see, give me a ring and we'll go take a look this weekend.

Considering selling your Bay Glen home? Get a free <a title="Bay Glen House Prices" href="http://www.24hourhouseprices.com/bayglen" target="_blank">Bay Glen House Prices </a>report.

Clear Lake Texas Real Estate - Bay Glen Neighborhood

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, the local one and hurricane Ike thrown in for good measure.

I'm looking for a GREAT deal!

Hey! Who isn't? In the Bay Glen neighborhood, the number of homes closed in the first quarter of 2009 was 16. This compares to 22 last year. The average sales price this year was $168,481 compared with $162,937 last year. Market time or days on the market certainly has been to the home sellers advantage this year with the average number of days from list date until accepted contract 61 days.

Last year the number of days on the market in the Bay Glen community was 88.

Bay Glen has always been a great neighborhood in which to own a home. It's convenient to I-45 where you can turn south and be in Galveston in 35 minutes or in Houston in 20.

Currently there are 10 homes for sale in the Bay Glen subdivision. With the inventory existing and based on homes that are being absorbed (sold), there are 1.8 months of inventory meaning if nothing new came on the market in Bay Glen, all homes currently for sale would be gone.

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 Clear Lake Texas real estate on our website.

Watch for other neighborhood statistics coming soon.

Just who is John Duncan?

Sandy R wrote in today and asked about neighborhood trends.

Well Sandy, that information for Houston Texas real estate is easy to find. In fact, the Houston Association of Realtors (ok, I had to brag on our local association) has made it easy for you to find that as well as other information about local neighborhoods around Houston.

Just use their Neighborhood Finder and you're all set.

Meantime I've put in a few of the popular neighborhoods so you can get a quick view of what's happened to the market here in Houston.

South Shore Harbor
Cinco Ranch North Lake Village
New Territory
Meyerland
Briargrove Park
Coles Crossing
West University Place
Pine Brook
Bay Oaks

Check out these fine neighborhoods. You can also email me for info on specific areas you have interest in.

Are you looking to buy a house in Houston? We are happy to give you all the information available on any property for sale (including condos, town homes) or you can go ahead and search right now and see all the Houston Homes for sale by all real estate companies in the Houston MLS.

Bay Glen Neighborhood - Clear Lake Texas

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, the local one and hurricane Ike thrown in for good measure.

With that said, let's talk local...

In the Bay Glen neighborhood, the number of homes closed to date is 66.  Guess what that figure was last year?  If you guessed 66, you're dead on.  Almost scary isn't it?  Now then, what happened is that our pre Ike numbers were up and as you can imagine, our post Ike numbers are down.

Through August of this year we had 59 sales where last year there were 52.  Since that time we have had 7 closings versus 14 last year during that same time period.

Bay Glen neighborhood inventory is as low as I've seen it in a very long time.  Currently there are a total of 17 homes for sale in Bay Glen.  In times past, I've seen as many as 62!  As a matter of fact, a few weeks ago, there were only 10 homes for sale in Bay Glen.  Unbelievable.  This year, the number has been running around 30 or so. 

Of the 17 homes for sale, 5 are under contract.

With the inventory existing and based on homes that are being absorbed (sold), there are 1.9 months of inventory meaning if nothing new came on the market in Bay Glen, all homes currently for sale would be gone.

Prices in the Bay Glen neighborhood are up 1.89% over last year while the average number of days on the market remains relatively unchanged at 53 days this year/ 55 days in 2007.

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 the homes for sale in the Clear Lake area.

Watch for other neighborhood statistics coming soon...

Clear Lake Texas real estate: August Market Statistics 2008 Vs 2007 Focus on Bay Knoll

For this report we wanted to focus in on Clear Lake Texas real estate in the Bay Knoll subdivision.

August 2008 Sold Properties

In August of this year, there were 2 homes sold in the Bay Knoll subdivision in Clear Lake, TX. The average price for these sold was $189,450 and the median was $189,450. Average square footage of these properties was 2,466. Average market time was 42 days and the list price to sales price ratio was 97.2%.

August 2007 Sold Properties

In August of last year, there were 3 homes sold in the Bay Knoll subdivision in Clear Lake, TX. The average price for these sold was $196,633 and the median was $184,300. Average square footage of these properties was 2,380. Average market time was 61 days and the list price to sales price ratio was again 100.2%. That number is probably reflective of one or more sellers contributing to buyer closing costs.

Currently active as of 9/17/08

Currently there are 7 homes for sale in the Bay Knoll subdivision with an Average Price of $194,314 and have an average square footage of 2,511.

Whether looking for a home in the Bay Knoll subdivision, or for other Clear Lake Texas real estate, you can search Clear Lake Texas real estate on our website.

If you own a home in Bay Knoll and are curious what the home might be worth, we've created a website just for you. You can get a free report to Bay Knoll House Prices at www.24hourhouseprices.com/bayknoll

*Note these Clear Lake Texas real estate stats are accurate as of 9/17/08 according to the Houston MLS. They are subject to change as agents submit listed and sold properties into the MLS.

See Bay Glen Market Stats