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Today I am going to examine the Pearland real estate market up close and personal. I am gong to drill down to the last 6 months of information about Pearland.
I am going to start at the first week of February 2009 and move all the way through to July 19, 2009 a week at a time to find out just how Pearland and the real estate market is doing. My goal is to help you understand how the real estate market is doing and why is a great time to buy a home.
So, the 1st week of Feb. 2 2009, Pearland had 27 homes sold with an average price of $184,900 which is above the $183K running average price. Then the next week, Feb. 9, we had 25 homes sold with an average price of $157,500... Wow. And that was way below the average. Then the week of Feb. 16, the real estate market jumped back with a nice rebound of 38 homes sold with an average sales price of $186,296. The following week as very close to the same.
Then come the big jump. The week of March 2, 2009 Pearland sold 31 homes with an average sales price of $207,354.00 which is well above the average price of a home in Pearland of $183K.
For the next few weeks, the real estate market in Pearland just kind of bounces around until the week of April 20, 2009. In that week Pearland sold 42 houses with an average sales price of $216,234.00. Then we just kind of cost along again until the week of May 25, 2009 when we sold 80 homes with an average sales price of $177,500. That many homes being sold in the Pearland area is way above the average of 57 houses a month since Ike hit last year...
As you can see by the chart below, the real estate market is like a ride at AstroWorld... Lots of up and downs. But all in all, I say Pearland is holding it's own... For the last 24 weeks the average price of a home in Pearland has only dropped 1.1% or $1,993.00. To me, that's good news compared to the rest of the world.

Now let's look at what I think is the leading indicator of how the real estate market in Pearland is really doing, the number of homes under contract...
In looking at this next chart, you can clearly see houses are starting to go under contract at a much higher rate than just 12 weeks ago. When we started on this chart, the week of Feb. 2, 2009, we were sitting at only 49.5 houses under contract as an average. And today we are sitting at an average of 57.8 houses under contract... And everything I see is telling me the housing market in the Pearland area is starting to get even hotter than than last year...

With all of this being said, NOW is the time to buy a home in the Pearland TX area...
Whether you're interested in buying your first home, your next home, or just want to know more about home-ownership in general, I encourage you to check out a couple of great online resources: http://www.texasrealestate.com/ or http://www.har.com/ and for all of your Pearland TX and Northern Brazoria and Galveston County real estate needs, please visit my site at http://www.danfrankrealty.com . All of these sites offer tons of useful, real estate-related information geared specifically for Texans.
Danny Frank is a local Pearland TX Real Estate expert
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Okay Pearland residents I hope you make it out to Friday Night Flics in the Park this Friday July 24, 2009. The movie being shown will be at Pearland's Independence Park located on Liberty Drive. The Featured movie will be Hotel for Dogs (Rated PG). The movie will start around 8pm. Bring your family, friends, blankets, hot dogs and cokes. This will be a great Pearland night as long as it does not rain! Hope to see you at the Pearland Flick!
Maggie McFarland
RE/MAX One
281-412-2022
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Moving Checklist
Moving involves numerous different tasks. A checklist can help you remember what needs to be done. A good list can also help make moving less stressful.
One Month Before Moving
• Submit a US Postal Service change of address form.
• Submit an IRS change of address form.
• Make arrangements with moving company truck rental agency.
• Make any necessary travel arrangements with airlines, buses, car rental agencies and hotels.
• Transfer or cancel memberships (church, clubs, civic organizations).
• Obtain (or locate for mailing) medical and dental records, x-rays and prescription histories. Ask your doctor and dentist for referrals. Transfer prescriptions.
• Open a checking account in your new city.
• Research your new city's rules and regulations affecting your business, profession or hobbies.
• Inventory your belongings before packing. You may later need to file an insurance claim. If possible, take pictures or video record your belongings. Record serial numbers of electronic equipment.
• Make arrangements for transporting pets.
• Consume perishable food and items in open packages. There will be less to pack, spill and spoil.
One To Two Weeks Before Moving
• Coordinate stop (old residence) and start (new residence) dates for utilities and other service providers (gas, electric, water, refuse collection, newspaper, magazine subscriptions, cable, telephone, etc.)
• Arrange for help on moving day.
• Confirm travel reservations.
• Reserve elevator if moving from an apartment.
• Have appliances serviced for moving.
• Clean rugs and clothing and have them wrapped for moving.
• Plan ahead for special needs of infants.
• Close bank accounts and have your funds wired to your new bank. Before closing, be sure there are no outstanding checks or automatic payments that haven't been processed.
• Collect valuables from safe-deposit box. Make copies of any important documents before mailing or hand carry them to your new address.
• Check with your insurance agent to ensure you'll be covered through your homeowner's or renter's policy during the move.
• Defrost freezer and refrigerator. Place deodorizer inside to control odors.
Maggie McFarland RE/MAX One 281-412-2022 http://www.PearlandHomeTeam.com
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