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JAN
30
End of Year Home Sales for West University



Greenwood King Properties dominated the market share in West U in 2009 with 30% market share of the combined buy and sell sides. This is no surprise as GK is West U's leader year after year.

In 2009, the highest sales price was $3.3 million; lowest sales price $285,000; median sales price $772,500.  May through August brought the highest number of closings for the year which is consistent with year's past. 

New construction home sales have been down the past two years. In 2009, 27 NC homes sold. In 2008, 45 NC homes sold. In 2007, 83 NC homes sold.  This decreased level of high priced homes effects the average sales price. The average sales price in 2009 was $886k verses $940k in 2008.

Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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Rachel Rosson

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