League City Sales - # of Sales Down, Price Up
League City remains strong in price and sales are not much down over last year. There were 68 sales in January 2009. And only 62 in January 2010. However, December of 2009 had 83 sales. So we are over 25% down from December to January in number of sales.
The good news is that the sales dollar volume and the average and median price are all UP!
As an expert in Real Estate in the League City area, here's what this all means:
The more expensive homes are now selling. The strongest sectors selling in 2009 were at or below the $200,000 mark. Now we are starting to see homes priced higher getting their fair share of attention. Also, my crystal ball tells me that there will be a big surge in pending sales in March and April for people wanting to take advantage of the tax credit.
And, now that we know NASA's overall budget was increase, we can rest easy knowing that there will be jobs available. There will be some layoffs probably, but there are are going to be good jobs available to those people. Basically, programs end, and new ones begin. So, League City will remain strong.
The chart below represents the entire HAR Multiple Listing Service. Not just League City, but all of the Houston area.