Galveston residential sales' tide risesGalveston residential sales' tide riseshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=75032013-04-30T07:36:00Z2013-04-30T00:00:00Z

GALVESTON - Island real estate statistics continue to show encouraging signs, with first quarter residential sales up 17.5 percent over the same period a year ago. The number of sales was 121 in 1Q 2013, compared with 103 a year ago, according to the Galveston Association of Realtors.

Among the highlights, the island’s residential inventory is at an 8.4-month supply, down from 10.9 months last year, marking a decrease of 23 percent.

West End transactions accounted for 69 percent of all island sales. Total island sales were more than $32 million, with West End transactions at nearly $22 million.

Not included in the 121 transactions was the sale of 17 West End residential lots. Lot sales are up 30.7 percent.

Galveston Daily News
Houston-The Woodlands-Sugar Land
http://www.galvestondailynews.com/business/buzz/article_9692d40a-ad61-11e2-a41e-001a4bcf6878.htmlRead more at {Source}

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