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Suzanna Chiriboga

ABR, CHMS
Chiriboga Realty LLC
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Bellaire Homes Market Report - Feb 1, 2013

February 1st, 2013



The above graph depicts the market activity for Single Family homes sold for our city of Bellaire for the last 13 months.

For the month of January 2013, there were 14 sales with an average price per square foot of $220, and an average Days On Market of 54 days with 10 expired listings. The average Linear Sold Price/Sq Ft shows that the average price per square foot has increased by approximately 10% in the last 13 months with an expected decline for the last month of the year. This is great news for Bellaire homeowners showing that our city is in high demand.

Bellaire's current's months of inventory is 2.9 months down from 3 months last month. This number reflects the number of months it will take to deplete the current active inventory based on the prior 12 months of sales activity. Therefore, our last current month's of inventory shows that homes sold at a faster pace last month.

In the previous 12 months, 261 single-family homes were sold with an average price of $737,183. Currently, there are 64 active homes for sale with an average listed price of $857,511.

The city of Bellaire includes more than 6700 homes that were built on the 50's and 60's. Most of them today continue to be demolished to build larger, new construction luxury homes.

Bellaire is zoned for residential, commercial and light industrial sections. The main benefits of living in Bellaire are its proximity to the world-renowned Medical Center and Downtown, the feeling of a small community as its own incorporated city complete with local police and fire protection, parks and recreational facilities, library, public works department and recycling center.

Whenever you need additional information about anything in Bellaire, please don't hesitate to call me at 832-607-0285 as I not only enjoy working in Bellaire but I also raise my family in this wonderful city.


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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Chiriboga Realty LLC
5555 W Loop South, Ste 420-C, Bellaire, TX 77401   Get Directions
Phone: (713) 589-3234
Fax: (281) 761-6553
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