The link below depicts the Real Estate market on Galveston Island over the past year. If you run your pointer over the graph it will give you the exact number.
http://www.garygreene.com/terabitzApi/graph/alert.php?id=241
As you can see the graphs indicate an upward swing in volume for February from the previous year. A majority of this is a reflection of fewer "as is" hurricane damaged homes selling for $20,000 to $50,000. This is also reflected in the increase in average sales price
The quantity sold in February 2010 was virtually the same as the quantity sold in February 2009.
The supply of available homes is on the rise which is typical for this time of year.
The most interesting graph is reflected for the foreclosures. The new foreclosures coming on the market appears to be leveling off while the number of foreclosure sales appears to be rising. The interesting item to note is not reflected in the graph. A majority of foreclosures sold close for a price greater than this list price. The attraction to foreclosed properties is phenomenal.
Remember this graph is for the entire Island. Tomorrow I will post for the West End of Galveston.
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