Clear Lake Texas Real Estate – Bay Glen Subdivision

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?