Jason Keeling

This years Lone Star Biker rally is this weekend in Galveston Texas. One of the largest motorcyle rallies in the states, this event is great for the whole family. Events include poker runs, concerts, cook offs, and more. The entire island is filled with up to 400,000 bikers/ visitors and the strand is turned into a bike parking lot. Dont miss the fun, come to Galveston and enjoy the rally!

I have been working hard to get some new articles up and get some new pictures around town. I would like to write an article for every neighborhood going west to east on the island. These newest articles are on some of the nicest areas on the island. I am a bit partial to them for various reasons. Each one is very nice, has great buys right now, and are great vacation rentals.

the start:

Pointe West Galveston

Playa San Luis

Laguna San Luis

 

 

 

This summer is looking very good for Galveston Island. Ryson Vacation Rentals has been seeing good traffic for the summer and we are up over 20% from last sring break. April also finsihed strong with Easter weekend being over 97% full. The Island is looking great, businesses are open, and the gas prices may be helping to keep people close to home. Galveston Texas is considered Houston's playground and with over 6 million visitors a year over 50% are bound to be from Houston. How is everyone else in the rental business doing? trending up as well? Are we on the road to recovery?

Galveston will be hosting Dickens on the strand 2010 in just a few weeks! The first weekend in Decemeber will find Galveston turned into a 16th century town full of fun. To learn more about Dickens on the Strand follow the links!

  Dickens on the Strand 2010

I was working with the MLS today to get some of the newest numbers and see how things are looking. The data is as follows:

605 residential listings in Galveston

48 pending

_________

557 active

53 sold in last 30 days

37 expired in last 30 days

103 new listings last 30 days

or: 138 sold/pending/expired in last 30 days vs 103 new listings... net change - 35 properties off the market.

My take: It looks great! Galveston's best time to buy vacation/resort homes is in the off season, but its also our "slow" time. Prices have come down significantly and it looks like buyers are taking advantage. Though its clearly a buyers market now... if the trends continue into the next spring, our inventory may go down down down. It may even convert over to a neutral market in 2011... so my thought is... you cant tell the future of Real Estate, but with interest rates super low and a strong buyers market going into Galveston's off-season-- THE TIME TO BUY IS NOW!