Galveston Real Estate – Charming Home in Denver Court

Galveston real estate  - Welcome to 4810 Crockett Blvd., a charming Dutch Colonial in Denver Court, a neighborhood of charming homes. This home has three bedrooms and one and one-half bathrooms in approximately 2,160 square feet. 

The entrance hall leads you into either the very spacious living room, the charming dining room with French doors, or back toward the downstairs bath, den, and the kitchen. The den could be used as a study or downstairs bedroom, and the kitchen’s breakfast area has wonderful knotty pine paneling. 

There are gleaming newly refinished hardwood floors throughout most of the home, and the abundance of windows fills the home with natural light.

 Denver Court’s location makes access to the Seawall, downtown Galveston, the Strand, and UTMB easy.

 Please see 4810 Crockett Blvd.  to see the listing information and photos, and please let me know if you have any questions about this great home.

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Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending:

INFO THAT HITS US WHERE WE LIVE…It’s good to show your best face to the world as the new year begins (see Business Tip of the Week, below) and that just got easier to do. Last week’s Pending Home Sales index from the National Association of Realtors (NAR) went UP 7.3% in November, hitting its highest level since April 2010! And that earlier reading was artificially boosted, as buyers rushed to beat the deadline for last year’s home buyer tax credit.

The NAR’s chief economist commented, “Housing affordability conditions are at a record high and there is pent-up demand from buyers who’ve been on the sidelines…. The sustained rise in contract activity suggests that closed existing-home sales…should continue to improve in the months ahead.” The S&P Case-Shiller index for October showed minor price drops in 19 of the 20 surveyed metro areas, but the index was UP 1.9% from its post-crisis low in March 2011.

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Galveston Condos – 202 Seawall Blvd. East Offers Great Gulf Views!

Galveston condos - Welcome to 202 Seawall Blvd. East. Looking for a large condo with a view of the Gulf as well as the ships passing in and out of the ship channel? Then check out this wonderfully designed townhouse style condo in a small complex located across from the beach and just a few minutes from UTMB and downtown Galveston. 

There are three bedrooms and three and one-half bathrooms in approximately 2,078 square feet, plus there is an attached two car garage. 

Comfort is found in the large living/dining area with fireplace and wonderful views, and you can relax on the deck or in the upstairs loft/study while watching the water. There is even a private front courtyard. 

Please see 202 Seawall Blvd. East to see the listing information and the photos, and please call if you have any questions about this condo with a premier view.

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Galveston Real and Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending:

INFO THAT HITS US WHERE WE LIVE…Wisely, the National Association of Realtors (NAR) did not follow the diminutive Emperor’s advice last week, admitting they uncovered some mistakes in the statistical model used to estimate national Existing Home Sales the past few years. They therefore had to revise those sales down 14%, to a 4.42 million annual rate in November. Nevertheless, Existing Home sales were UP 4% for the month and UP 12% versus a year ago. And the inventory is down 18% versus last year, now at a 7 months’ supply!

In line with that, Housing Starts were UP 9.3% for November and UP 24.3% versus a year ago, while Building Permits were UP 5.7% for the month. November New Home Sales came in Friday UP 1.6%, with the supply dropping to 6 months, its lowest level since early 2006! The numbers of unsold new homes under construction and unsold completed new homes are also at or near record lows. The FHFA price index for homes financed by conforming mortgages was down just 0.2% in October and is down only 2.8% versus a year ago.

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Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending:

INFO THAT HITS US WHERE WE LIVE…The housing recovery may be proceeding slowly, but things are definitely not at a standstill. Earlier this year, an industry rent vs. buy index found it is more affordable to buy than rent a two-bedroom home in 72% of America’s 50 biggest cities. In fact, renting was less expensive than buying only in New York, Kansas City, San Francisco and Seattle. And in 10 of the cities where renting was relatively affordable versus ownership, people felt buying may still be a financially sound long-term decision.

A recent consumer study showed people are getting the message. With home prices now at such affordable levels, 62% of those surveyed said buying in today’s market is a good investment over the next 10 years. The most popular advice people would give to anyone thinking of purchasing a home is to avoid buying more house than they can afford. Good advice indeed.

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Galveston Real Estate – New Listing With Innate Elegance

Galveston real estateWelcome to 1612 31st Street, a three bedroom home with one and one-half bathrooms in approximately 2,456 square feet. This home is more spacious than it looks.                                                                                                                                                                                                                                  This home’s charming built-ins, chandeliers, stairwell, spacious rooms, and large covered gallery are evidence of its innate elegance. It is now time for your touch. 

The large utility room is garage-sized and provides flex space for all sorts of activities, and the lot is 150 feet deep. 

Please click on 1612 31st Street to see the listing information and photos, and please contact us with any questions that you might have about this home.

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Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending:
INFO THAT HITS US WHERE WE LIVE…Enough people were motivated to buy new homes in October to push monthly sales up 1.3% to a 307,000 annual rate. Even better, the motivation was strong enough to send the median price to $212,300, UP 4% over a year ago. Going forward, what should motivate everyone is that the supply of new homes fell to 6.3 months. Nonetheless, new home sales need to get to an annual rate around 950,000 and some observers say that will take another few years.

Housing market pessimists had to be really disappointed by October’s Pending Home Sales. This measure of signed contracts for existing home sales that have not yet closed was UP 10.4% for the month and is 9.2% higher than it was a year ago. This bodes well for existing home sales a few months out. Additional home price data went in opposite directions. The Case-Shiller home price index in the 20 largest metros was down 0.6% in September, but the FHFA index registered a 0.9% price increase for homes financed with conforming mortgages.

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Keller Williams Realty Presents “This Month In Real Estate”

Please click “This Month in Real Estate” for the latest installment of this Keller Williams Realty production.

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Galveston Real Estate and Galveston Condos – Mortgage Market Update

The latest mortgage market update from Chris Nooney at Prime Lending:

INFO THAT HITS US WHERE WE LIVE…The patient approach advocated by the 1st Marquess of Halifax is proving to be the right tactic for mastering today’s housing market. Last week, October Existing Home Sales inched up to an annual rate just under 5 million units. And although things appear to be improving only slowly, existing home sales are actually UP 13.5% from a year ago.

Even better, the months’ supply of existing homes fell to 8.0 and inventory is now down 13.8% versus a year ago. The naysayers jumped on the fact that the median price was also down. But a large portion of October sales came from distressed properties whose prices are heavily discounted. Although some see this as a negative, it’s what’s needed for inventories to be worked down and for the housing market to recover.


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“This Month in Real Estate” Presented by Keller Williams Realty

See the latest version of “This Month in Real Estate” presented by Keller Williams Realty.

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  • James Selig, ABR, CRB, CRS,
    SRES, e-Pro, RSPS

    Broker-Associate
    The Selig Group
    Keller Williams Realty
    c/o 4720 Crockett Blvd.
    Galveston, Texas 77551
    cell: 409/256-1274
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