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Flush Houstonians, cheap financing drive isle housing market - The Galveston County Daily News : Local News

October 30, 2014

Flush Houstonians, cheap financing drive isle housing market

Posted: Sunday, January 13, 2013 12:01 am | Updated: 12:14 am, Sun Jan 13, 2013.

GALVESTON — Island home sales last year rose 9.1 percent, nudged largely by an era of cheap loans and the city’s proximity to Houston, hardly touched by recession, industry trackers said.

Islandwide, 573 single-family homes and condominiums sold in 2012, compared with 525 the year before, according to Galveston Association of Realtors Multiple Listing Service data compiled by Sand ‘N Sea Properties. But many more island properties sold last year than reflected in the data, which doesn’t include sales by real estate agents or developers not posting in the Galveston Multiple Listing Service.

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