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