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Essentials News

A Part Of West U and Bellaire Essentials Magazine

One year after Harvey, West U and Bellaire show stability in housing markets

October 1, 2018 by Charlotte Aguilar

West University and Bellaire both showed healthy home sales in August — but the year-over-year comparison from the Houston Association of Realtors, provided monthly to Essentials, requires a bit of explanation.

To reflect the fact that Hurricane Harvey froze real estate activity in August 2017, those figures represent only three weeks of activity, as compared to a full four weeks this year. With the annual last-minute rush to close before school begins, 30 homes changed hands in West U this August, 28 in Bellaire.

While the average price of a home dipped about 6 percent in West U, Bellaire crept back toward the $1 million mark, posting an increase of 8 percent over 2017 sale prices.

BELLAIRE      HOME SALES      AVERAGE PRICE
Aug. 2017      23                        $924,848
Aug. 2018      28                        $999,173
Change        +21.7 percent      +8.0 percent

WEST UNIVERSITY
Aug. 2017      25                        $1,496,450
Aug. 2018      30                       $1,408,211
Change          +20 percent       -5.9 percent

Oct 1, 2018Charlotte Aguilar

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

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