Galveston Real Estate Market

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 market trends report

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 on everything from beachfront houses, condos for sale, historic Galveston properties, and more.

About Galveston Real Estate Statistics 

Every six months, Sand `N Sea assembles and releases a Galveston real estate market outlook that applies to the Island as a whole, as well as specific areas and neighborhoods. 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. 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 market information:

  • Dollar volume and number of transactions for all of Galveston and surrounding areas,
  • Percentage of change, by both dollar volume and number of transactions,
  • Galveston Island recap of market activity, including average days on the market and median sales price.

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.

Below is a list of current downloadable reports. 

GALVESTON POSTCARD Stat Chart
Galveston Island Residential Sales Highlights
First Six Months Market Recap 2020 vs. 2019

Galveston Island

Dollar Volume

# of Sold Transactions

2020

2019

% Change

2020

2019

% Change

All Galveston Island $195,039,700 $161,368,240 +21% 509 471 +8%
West Galveston Island:
Sunny Beach to Pointe West, Beach to Bay
$125,738,150 $103,779,994 +21% 250 232 +8%
West End Beachfront $21,719,700 $17,811,154 +22% 27 26 +4%
West End Beachside $25,348,850 $17,497,825 +45% 48 41 +17%
West End Canal/Bay $43,817,055 $39,318,415 +11% 71 72 - 1%
West End Home Sites $11,282,325 $3,854,600 +193% 108 61 +77%
Pirates Beach & Pirates Beach West $17,061,900 $10,788,050 +58% 33 21 +57%
Pirates Cove $5,124,500 $5,082,000 +1% 6 8 - 25%
Laffites Cove $11,002,600 $7,300,000 +51% 11 10 +10%
Jamaica Beach $17,863,355 $14,562,415 +23% 38 37 +3%
Sea Isle $16,372,920 $16,353,339 No Change 50 45 +11%
Mid Galveston Island:
25th Street to 61st Street, Beach to Bay
$31,138,479 $25,604,686 +22% 137 120 +14%
Cedar Lawn $1,057,900 $1,083,000 - 2% 2 2 No Change
Denver Court $1,752,000 $532,000 +229% 5 2 +150%
Near West Galveston Island:
61st Street to Sunny Beach, Beach to Bay
$16,021,920 $9,983,890 +60% 45 35 +29%
Colony Park $320,000 $1,596,500 - 80% 1 5 - 80%
Havre Lafitte $1,634,000 $946,000 +73% 3 3 No Change
Campeche Cove $572,000 $696,000 - 18% 2 3 - 33%
Evia $2,800,150 $1,565,000 +79% 6 4 +50%
East Galveston Island:
East of 25th Street, Beach to Bay
$22,141,151 $22,019,670 +1% 77 84 - 8%
UTMB/Downtown/East End
Lofts & Condos Only
$16,062,825 $17,965,995 - 11% 57 68 - 16%

All Residential Sales on Galveston Island - First Six Months Market Recap 2020 vs. 2019

Average Days on Market:
2020: 72
2019: 71
% Change: No Change
Median Selling Price:
2020: $310,000
2019: $290,000
% Change: +7%

West End Residential Sales on Galveston Island - First Six Months Market Recap 2020 vs. 2019

Average Days on Market:
2020: 88
2019: 72
% Change: +22%
Median Selling Price:
2020: $405,725
2019: $370,000
% Change: +10%
             

Source: Houston Association of Realtors Multiple Listing Service, January 1 - June 30, 2019 & 2020. Data deemed reliable, but not guaranteed by MLS or Broker.IF YOUR PROPERTY IS CURRENTLY LISTED WITH A REAL ESTATE BROKER, PLEASE DISREGARD. IT IS NOT OUR INTENTION TO SOLICIT CURRENTLY LISTED PROPERTIES.

CLICK HERE TO DOWNLOAD 

 

Postcard & eNewsletter Stat Chart
Galveston Island Residential Sales Highlights
Year-End Residential Market Recap 2019 vs. 2018

Galveston Island

Dollar Volume

# of Sold Transactions

2019

2018

% Change

2019

2018

% Change

All Galveston Island $330,702,582 $314,373,863 +5% 966 935 +3%
West Galveston Island:
Sunny Beach to Pointe West, Beach to Bay
$202,833,404 $189,243,150 +7% 469 417 +12%
West End Beachfront $27,670,054 $29,427,350 - 6% 41 37 +11%
West End Beachside $37,942,425 $22,972,250 +65% 83 51 +63%
West End Canal/Bay $68,469,415 $80,767,542 - 15% 130 138 - 6%
West End Home Sites $11,853,150 $18,283,654 - 35% 163 187 - 13%
Pirates Beach & Pirates Beach West $28,486,000 $21,242,500 +34% 60 46 +30%
Pirates Cove $9,832,000 $13,194,000 - 25% 17 14 +21%
Laffites Cove $12,000,000 $13,918,600 - 14% 17 18 - 6%
Jamaica Beach $25,608,265 $25,711,871 No Change 67 70 - 4%
Sea Isle $33,369,499 $32,065,579 +4% 96 95 +1%
Mid Galveston Island:
25th Street to 61st Street, Beach to Bay
$53,603,177 $49,477,580 +8% 254 258 - 2%
Cedar Lawn $2,818,000 $3,113,000 - 9% 6 7 - 14%
Denver Court $1,017,000 $1,599,000 - 36% 3 5 - 40%
Near West Galveston Island:
61st Street to Sunny Beach, Beach to Bay
$32,942,656 $29,573,135 +11% 97 92 +5%
Colony Park $4,437,500 $2,327,350 +91% 14 6 +133%
Havre Lafitte $4,361,900 $3,463,400 +26% 10 9 +11%
Campeche Cove $2,023,500 $2,880,545 - 30% 7 9 - 22%
Evia $3,430,000 $5,327,800 - 36% 8 11 - 27%
East Galveston Island:
East of 25th Street, Beach to Bay
$41,323,345 $45,774,098 - 10% 146 167 - 13%
UTMB/Downtown/East End
Lofts & Condos Only
$39,882,968 $32,740,486 +22% 138 124 +11%

All Residential Sales on Galveston Island - Year-End Market Recap 2019 vs. 2018

Average Days on Market:
2019: 74
2018: 75
% Change: - 1%
Median Selling Price:
2019: $289,375
2018: $270,000
% Change: +7%

West End Residential Sales on Galveston Island - Year-End Market Recap 2019 vs. 2018

Average Days on Market:
2019: 78
2018: 93

% Change: - 16%

Median Selling Price:
2019: $361,250
2018: $363,000
% Change: No Change
             

Source: Houston Association of Realtors Multiple Listing Service, January 1 - December 31, 2018 & 2019. Data deemed reliable, but not guaranteed by MLS or Broker.IF YOUR PROPERTY IS CURRENTLY LISTED WITH A REAL ESTATE BROKER, PLEASE DISREGARD. IT IS NOT OUR INTENTION TO SOLICIT CURRENTLY LISTED PROPERTIES.

CLICK HERE TO DOWNLOAD 

 

 
How Can You Use the Galveston Real Estate Market 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.
  • Prospective buyers can research affordability of different areas, view 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. 
  • Real estate agents who show homes on Galveston Island find this comprehensive real estate tool is valuable as well and eagerly await the report’s annual release.
  • Elected officials monitor these real estate market stats to understand Galveston's recovery since Hurricane Ike and other disasters.

Need Help Navigating the Real Estate Market in Galveston TX?

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. 

 

See More Galveston Real Estate Market Data 

Sand `N Sea has been collecting this real estate market data for more than 14 years. Click the button below to see residential sales statistics from 2011 to 2017

 View Historical Real Estate Data

 

 

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