The end of January, there were many available properties for sale on Padre Island
Days on the market for sale has increased to an average of 148 days on the market. 41.2% of all the sales in January were priced between $200,000 – $299,999. Closed Sales were up 43.2% in the month of January. The market is certainly on it’s way up.
Interest rates are supposed to remain low. We will be updating buyers with the increase of new loan programs are coming out. Lots of new development projects are happening on Padre Island including the New Park Rd. 22 which has gone through its final approval at City Council and construction should begin sometime after spring break.
Cheri Sperling is the owner of Coastline Properties with a dedicated team of agents specializing in residential listings, sales, and property management in the Padre Island real estate market. Coastline’s team is the most knowledgeable real estate office on Padre Island. No pressure style, patience, and an intimate understanding of the local market. They go to work for you!
Padre Island January 2020 Data (Click Pic below for PDF)
