3406 Windlass Court

www.3406WindlassCourt.com

4 Bedrooms / 4.5 Baths / 2910 sq. ft.

Lovely canal home on best canal in prestigious Laffite's Cove. Bay views from decks. Every bedroom has its own bath room. Large closets in every room. Plenty of room for pool and lots of patio space with outdoor bar area. Electric shutters a plus.

http://www.kellykelley.com/

360 Degree Water Views from Developer's Custom Home

www.4010SouthSunsetBay.com

4 Bedroom / 3.5 Bath / 3506 sq. ft.

From the minute you arrive to the semi-circular driveway you know why the builder/Sunset Cove Developer chose this lot for his personal home. There are water views from every angle! The double level decks on the South side of the home offer the Gulf of Mexico's warm southerly breezes all year round. The North decks offer sunsets which make you understand the subdivision's name. Would you prefer to sit next to the water? Check out the faboulous patio with outdoor shower and Summer Kitchen which includes an outdoor bar made of petrified sandstone skirted in real bamboo. As we enter the home from the ground level we are escorted to the first level by an elevator chaise found only in your most prestigous homes. At the first level we find beautiful quarter sewn oak floors with an accurate inlaid compass at the foot of the stairs. Hop Scotch pattern tile is found in the kitchen, utility room, and bathrooms. Shaw-Mirabeaux China Doll stain master carpet is in all bedrooms. The kitchen boasts commercial Jenn Aire appliances, antiqued custom job built cabinets, and a faux finished vent hood. The high end granite countertops are carried throughout the home in all wet areas. The utility room is none too shabby either with high end washer/dryer and ice maker. The view alone will make you do laundry everyday. The dining room built in doll china cabinet is a piece of artwork all by itself. From the dining room we enter the 1st floor living area where we find a gas log fireplace with a faux finished stone face. 10 foot ceilings are found throughout the home with custom crown molding and custom trimmed windows. The entire home and deck area has state of the art audio. You will also find a security system with color recording cameras located around the perimeter of the home. The home is also wired for internet and satellite via the subdivision's high speed fiber optic network. On the second floor we find a 2nd living area which functions as a Theater room with surround sound and a wet bar. The home has a total of 4 bedrooms; 2 on the first level and 2 on the 2nd. One of the first floor bedrooms doubles as an office. The oversize master includes a sitting area in front of beautiful bay windows offering views of the Gulf of Mexico. 2 large walk in closets with built-ins and a master bath with all the necessary finishes proves this is a home built for luxury living at its best. With the right offer the furnishings with few exclusions will be included.

www.KellyKelley.com

3410 Windlass Court

www.3410WindlassCourt.com

4 Bedroom / 3.5 Bath / 3339 sq. ft.

Unique property located on 2 canalfront lots in Prestigous Laffite's Cove. Bay views from over 1400 sq ft of deck space. Electronic SMART Home includes features for automatic turning on lights, pool, water features, etc. Summer kitchen, Infiniti Edge Pool, Double Boat slip, extra room & bath on ground floor not included in sq ft. 2 bedrooms/Living area up & down make it a perfect home for large families. Multiple entertainment & shelving built ins. Generous amt of storage. Electric shutters.

www.KellyKelley.com

Galveston Community Recovery Committee

Last night a historic event occured in Galveston, Texas. It is the first of a 3 month event that we hope Galveston never has to endure again. One facet of our charge is to determine the community concerns for the future of Galveston including prevention of the aftermath of what Galveston is currently living post hurricane Ike.

The event I am alluding to is the first meeting of the entire Galveston Community Recovery Committee, formally the Long Term Community Recovery Committee. I am one of 300 members of this committee and am excited about the opportunities the GCRC has in forming the vision for Galveston's future.

If you are interested in following Galveston's recovery you may do so at the official recovery website: http://recoverygalveston.com/. The public is invited and encouraged to attend the public meetings, the first will be held at Weiss Middle School, January 21 from 5:30 - 7:30 p.m. The address for Weiss is 7100 Stewart Rd, Galveston.

I'll be there and I look forward to hearing your vision for Galveston's future.

Laffite's Cove 2008 Real Estate Sales

Laffite's Cove out paced all other subdivisions on Galveston's West End for 2008. The average sales price for a home rose 32% and sales volume rose 24%. The average sales price for a lot dropped 1% according to the MLS however there was at least 1 lot sale that occured outside the MLS that would have increased the average sales price had it been recorded.

A home in Laffite's Cove remains a sound investment.

To see a summary of the sales stats for Laffite's Cove

http://kellykelley.com/files/images/11670/pdf/11231331076.htm

Other subdivision sales information can be found at:

http://kellykelley.com/communities.php

2008 Sales Stats for Galveston Real Estate

For Galveston Real Estate sales, the 2008 year ended behind 2007 with a 4th quarter dip resulting from Hurricane Ike and the slumping economy.

Overall, residential sales on Galveston were down 16% in volume and 23% in units with the average sale ending on the upside at $287,121. That is an increase of 9% from the average residential sale for 2007.

Land sales were down 41% in volume and 38% in number of units with the average sales price falling to $153,408. That is a 4% decrease from the average land sale for 2007.

The multi-family sector took the biggest hit with an 82% reduction in volume and a 79% reduction in number of units sold. The average sales price fell 24% to $94,000.

The condo market actually rose in 2008 as the Emerald By The Sea came to a completion, many of which were recorded in the MLS. While the number of condo units sold show a 2% decrease we also know that Pallisade Palms condos also came to a completion and those closings are not recorded in the MLS. The volume of condo closed sales rose 17% and the average sales price rose 20% to 207,269.

Overall, total sales on Galveston Island as compared to 2007 are down 25% in number of units and 18% in Volume.

Residential sales on the West End, vacation and second homes, out sold In Town homes, primary homes, by $67,079,981 or by 63%. However by unit count there was only a difference of 10 homes sold. Thus the average sales price on the West End is $410,600 an increase in 2008 of 14% over 2007. The average sales price for an In Town home dropped 11% to $158,704.

The average sales price for in town homes will continue to decrease as homes are sold "as is" post Ike.

I suspect the average sales price for the West End will continue to appreciate as the inventory has decreased 30% and most homes are being restored being they are sold.

At the beginning of each month I will post the overall sales report for Galveston Island. At my website, www.kellykelley.com, you can find the individual subdivision reports under the communities tab then select the name of the West End subdivision you are interested in.