Galveston Real Estate Statistics
At Sand `N Sea Properties, our commitment to the Galveston community has been ingrained in our operations for over 40 years. We’re not just Realtors® and vacation rental property managers — we’re fellow Islanders invested in the future of our historic home. That’s why we provide our Island-wide Galveston real estate statistics reports.
For over 14 years, Sand `N Sea has been compiling this helpful data that benefits all of Galveston. We are the only local real estate firm who sifts through the piles of monthly, quarterly and annual reports to assemble this valuable information — it’s just one more reason we’re proud to be your coastal real estate experts.
West Galveston Island First Six Months Residential Market Recap 2019 vs. 2018
Click to Enlarge Image
About Galveston Real Estate Statistics
Every six months, Sand `N Sea assembles and releases real estate information that applies to Galveston Island as a whole, as well as specific areas and neighborhoods. Our Annual Statistics report, published each February, looks back on Galveston real estate performance for the entire year and compares it to the previous year.
Each statistics report details the following real estate information:
-Dollar volume and number of transactions for all of Galveston as well as for specific neighborhoods, areas and type of properties — from West End beachfront homes to downtown condos.
-Percentage of change, by both dollar volume and number of transactions for all of Galveston as well as specific areas and neighborhoods.
-Galveston Island recap of market activity, including average days on the market and median sales price.
The preparation that goes into this comprehensive report is extensive. It starts with extracting real estate statistics from the Houston Association of Realtors and assembling the data into spreadsheets, carefully verifying all facts and statistics, and then organizing it all with a sharp attention to detail.
The Galveston Daily News publishes each of these reports, along with a Sand `N Sea Realtor® interview to explain in greater depth what’s behind current market conditions. Additionally, we get the word out by mailing customized postcards to Galveston property owners, featuring the statistics in our real estate sales newsletters, and posting the information to our website. Click here if you’d like to join our mailing list.
How Can You Use the Galveston Real Estate Report?
Nearly everyone who lives or works on the Island can benefit from this real estate statistics report. Here’s how:
-Property owners can use the information to decide if and when to sell or rent out their homes. In addition, it’s helpful to know the real estate trends for both their market area and Galveston Island as a whole.
-For those planning to buy in Galveston, the statistics report is invaluable. It helps buyers understand the affordability of different areas, recognize the differences in property values across the island, and determine timelines and expectations (e.g., how long homes are sitting on the market).
-Business owners can get a handle on how their area may be growing and changing, and whether that trend is shifting over time. More specifically, the Galveston Economic Development Partnership cites these statistics to businesses considering a move to Galveston.
-Ever since Hurricane Ike’s devastation to Galveston Island and the subsequent rebuilding, elected officials and city staff have paid close attention to the statistics and the relationship to Galveston’s recovery.
-This comprehensive real estate tool is valuable not only to our own Sand `N Sea Realtors®, but also to many other real estate agents who show homes on Galveston Island. These Realtors® eagerly await the report’s release.
If you have questions, or want to find the perfect Galveston-area property for you, feel free to contact us. One of our friendly, knowledgeable and local Sand `N Sea real estate agents will be in touch with you soon.