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Essentials News

A Part Of West U and Bellaire Essentials Magazine

Home sales way off but prices solid in November

January 6, 2019 by Charlotte Aguilar

As 2018 wound down, home sales in West University and Bellaire took a sharp drop — but prices were a different matter.

According to figures supplied monthly to Essentials by the Houston Association of Realtors, only 12 homes in each area changed hands, a 57 percent drop from November 2017 in Bellaire, and a 33 percent decline year-over-year in West U.

Still Bellaire prices showed a healthy increase, with the average price of a home growing nearly 20 percent in November, to $984,500, and prices held steady in West U, with a 3 percent increase to a $1,151, average price take.

Overall in the Houston market, HAR reported November sales were down about 2 percent, but said the market was still on target for a record year in volume and prices.

The luxury market of $750,000-plus homes — which includes Bellaire and West U — was still the best performing in November, according to HAR.

BELLAIRE      HOME SALES           AVERAGE PRICE         MEDIAN PRICE
Nov. 2017       28                              $827,264                    $825,000
Nov. 2018       12                              $984,500                    $925,000
Change –        57.1 percent             +19.0 percent              +12.1 percent

WEST U
Nov. 2017        18                             $1,116,817                    $1,075,000
Nov. 2018        12                             $1,151,004                   $1,043,200
Change            -33.3 percent         +3.1 percent                -3.0 percent

Featured in Essentials Magazine/Real Estate, January 2019

Jan 6, 2019Charlotte Aguilar

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Filed Under: Bellaire News, Bellaire Real Estate, Real Estate, West U Real Estate Tagged With: HAR, home sales

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