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 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.

GALVESTON POSTCARD Stat Chart
Galveston Island Residential Sales Highlights
First Six Months Market Recap 2019 vs. 2018

Galveston Island

Dollar Volume

# of Sold Transactions

2019

2018

% Change

2019

2018

% Change

All Galveston Island $161,025,740 $162,559,244 -1% 470 492 -4%
West Galveston Island:
Sunny Beach to Pointe West, Beach to Bay
$103,417,494 $102,681,233 +1% 231 234 -1%
West End Beachfront $17,811,154 $20,189,600 -12% 26 24 +8%
West End Beachside $17,155,325 $12,536,750 +37% 40 31 +29%
West End Canal/Bay $39,318,415 $40,559,450 -3% 72 75 -4%
West End Home Sites $3,854,600 $7,416,940 -48% 61 83 -27%
Pirates Beach & Pirates Beach West $10,788,050 $12,558,000 -14% 21 29 -28%
Pirates Cove $5,082,000 $5,394,500 -6% 8 6 +33%
Laffites Cove $7,300,000 $6,977,100 +5% 10 8 +25%
Jamaica Beach $14,562,415 $18,261,058 -20% 37 47 -21%
Sea Isle $16,353,339 $13,455,175 +22% 45 45 No Change
Mid Galveston Island:
25th Street to 61st Street, Beach to Bay
$21,755,686 $23,214,903 -6% 100 130 -23%
Cedar Lawn $1,083,000 $295,000 +267% 2 1 +100%
Denver Court $532,000 $315,000 +69% 2 1 +100%
Near West Galveston Island:
61st Street to Sunny Beach, Beach to Bay
$9,983,890 $15,841,710 -37% 35 43 -19%
Colony Park $1,596,500 $299,900 +432% 5 1 +400%
Havre Lafitte $946,000 $980,900 -4% 3 3 No Change
Campeche Cove $696,000 $1,999,595 -65% 3 6 -50%
Evia $1,565,000 $3,554,000 -56% 4 7 -43%
East Galveston Island:
East of 25th Street, Beach to Bay
$22,019,670 $20,515,498 +7% 84 84 No Change
UTMB/Downtown/East End
Lofts & Condos Only
$17,965,995 $20,734,786 -13% 68 83 -18%

All Residential Sales on Galveston Island - First Six Months Market Recap 2019 vs. 2018

Average Days on Market:

2019: 71

2018: 74

% Change: -4%

Median Selling Price:
2019: $289,750
2017: $269,275
% Change: +7%

West End Residential Sales on Galveston Island - First Six Months Market Recap 2019 vs. 2018

Average Days on Market:

2019: 72

2018: 85

% Change: -18%

Median Selling Price:
2019: $370,000
2017: $348,750
% Change: +6%
             

Source: Houston Association of Realtors Multiple Listing Service, January 1 - June 30, 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

 

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 market 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. 

GALVESTON POSTCARD Stat Chart
Galveston Island Residential Sales Highlights
Year-End Residential Market Recap 2018 vs. 2017

Galveston Island

Dollar Volume

# of Sold Transactions

2018

2017

% Change

2018

2017

% Change

All Galveston Island $313,908,863 $272,133,397 +15% 934 888 +5%
West Galveston Island:
Sunny Beach to Pointe West, Beach to Bay
$188,778,150 $159,931,634 +18% 416 401 +4%
West End Beachfront $29,427,350 $19,292,491 +53% 37 29 +28%
West End Beachside $22,507,250 $30,756,811 -27% 50 75 -33%
West End Canal/Bay $80,767,542 $61,480,757 +31% 138 121 +14%
West End Home Sites $18,283,654 $19,279,795 -5% 187 206 -9%
Pirates Beach & Pirates Beach West $21,242,500 $18,936,510 +12% 46 45 +2%
Pirates Cove $13,194,000 $10,053,450 +31% 14 14 No Change
Laffites Cove $13,918,600 $13,338,818 +4% 18 15 +20%
Jamaica Beach $25,711,871 $25,000,918 +3% 70 84 -17%
Sea Isle $32,065,579 $25,419,914 +26% 95 81 +17%
Mid Galveston Island:
25th Street to 61st Street, Beach to Bay
$49,477,580 $42,979,417 +15% 258 233 +11%
Cedar Lawn $3,113,000 $1,560,000 +100% 7 4 +75%
Denver Court $1,599,000 $3,411,900 -53% 5 9 -44%
Near West Galveston Island:
61st Street to Sunny Beach, Beach to Bay
$29,573,135 $29,443,140 No Change 92 102 -10%
Colony Park $1,692,450 $2,588,000 -35% 4 8 -50%
Havre Lafitte $3,463,400 $3,201,860 +8% 9 10 -10%
Campeche Cove $2,880,545 $1,929,400 +49% 9 7 +29%
Evia $5,327,800 $6,846,300 -22% 11 15 -27%
East Galveston Island:
East of 25th Street, Beach to Bay
$45,774,098 $38,800,706 +18% 167 150 +11%
UTMB/Downtown/East End
Lofts & Condos Only
$32,059,836 $38,636,495 -17% 124 136 -9%

All Residential Sales on Galveston Island - Year-End Market Recap 2018 vs. 2017

Average Days on Market:

2018: 75

2017: 79

% Change: -5%

Median Selling Price:
2018: $270,044
2017: $255,500
% Change: +6%
             

Source: Houston Association of Realtors Multiple Listing Service, January 1 - December 31, 2017 & 2018. 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

 

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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