West University Place Real Estate Market Extends Downward Trend in Contracts

Sales fell to seven homes sold in the West University Place market over the last 30 days. Furthermore, a solid downturn in the number of pending transactions continued, with eight completed in the same period. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. The median sales price dropped to $1,500,000, down from last week's $1,600,000. West University Place is a strong buyer's market, due to a downward trend in contracts numbers and nine months of inventory remaining.

Trying to find a home in West University Place that offers sufficient space for your needs? Then check out these listings that have the largest living areas in the market:

$2.7M   $3.4M   $2.8M  

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Demographic facts about West University Place:

  • The average elevation is 53 feet.
  • The median income is $154,576 per household.
  • The student-to-counselor ratio is 537:1. (513:1 = national average)

Data reported through 1/11/2017

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Ask a local expert about this area:
Eraclea Realty, LLC
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Reside Residential
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