North Padre Island Housing Report – December 2018

January 22, 2019 By

If you are looking to Purchase or List a home on Padre Island…Ask for the ONLY Padre Island EXPERTS!

The current construction boom is affecting sales of “used” homes. Since the end of the last housing boom in 2006, Corpus Christi has followed closely the statewide market. The number of new home permits reflects residential construction activity. The properties being watched closely are priced below $300,000.

Unlike the market for single-family homes, rental housing faced record high vacancy rates. Following Hurricane Harvey, residents displaced by damage have turned to apartments around Corpus Christi rather than properties on Padre Island.

Despite a recent slowdown in new home construction due in part to rising material costs and skilled-labor shortages, new construction is still selling strong. If the home looks good, priced right and marketed professionally – it’ll sell. With all the industry being developed in and around the Corpus Christi Ship Channel, Corpus Christi is going to benefit and home owners will benefit. The ongoing industrial construction activity is adding construction employment and permanent manufacturing jobs. Replacement of the Harbor Bridge by 2020 will add another 600 construction jobs during its peak time. Hang on Corpus Christi – times are going to be changing!

Our Coastline team lists and sells throughout the Texas Coastal Bend – but we Specialize and are considered the area Experts on Padre Island. When you think about Real Estate on Padre Island, everyone thinks about Coastline Properties. Come Coast Awhile….with us!!


Padre Island December 2018 Data (Click Pic below for PDF)


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Padre Island Annual Housing Data 2018 (Click Pic Below for PDF)


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Filed Under: buying a home, Corpus Christ Real Estate Data, New Homes Padre Island, North Padre Island, Real Time MLS, realtors

North Padre Island Housing Report – November 2018

December 11, 2018 By

If you are looking to Purchase or List a home on Padre Island…Ask for the ONLY Padre Island EXPERTS!

* The Island pricing has dipped since Labor Day in September. We also are seeing it the number of listing that are reducing pricing on a daily basis, particularly the new construction.
* Our ACTIVE listings are still slightly down – and, I attribute to the fact that as normal we head into the Holidays and people usually place a hold on buying/selling commensurately to wait until after the first of the year. Spring is the typical time frame for the uptick in activity.

* The higher priced homes, over $500,000 are still struggling as of this time. Not as many buyers in that range at this time. If a Seller receives a contract he needs to try and make it work because the competition priced over the $500,000 mark have Seller’s that want to move onward and may be more negotiable.

Our Coastline team lists and sells throughout the Texas Coastal Bend – but we Specialize and are considered the area Experts on Padre Island. When you think about Real Estate on Padre Island, everyone thinks about Coastline Properties. Come Coast Awhile….with us!!

north-padre-housing-report-oct-2017

Filed Under: buying a home, Corpus Christ Real Estate Data, North Padre Island, realtors, selling a home

North Padre Island Housing Report Oct 2018

November 8, 2018 By

If you are looking to Purchase or List a home on Padre Island…Ask for the ONLY Padre Island EXPERTS!

* The Island pricing has dipped since Labor Day in September. We also are seeing it the number of listing that are reducing pricing on a daily basis, particularly the new construction.
* Our ACTIVE listings is down – and, I attribute to the fact we’re going into the holidays and many folks are going to wait until after the first of the year, nearer Spring and hope the real estate market on Padre Island begins to turn upward.
* The higher priced home, over $500,000 are struggling. Not as many buyers in that range at this time. If a Seller receives a contract he needs to try and make it work because the competition priced over the $500,000 mark have Seller’s that want to move onward and may be more negotiable.

Our Coastline team lists and sells throughout the Texas Coastal Bend – but we Specialize and are considered the area Experts on Padre Island. When you think about Real Estate on Padre Island, everyone thinks about Coastline Properties. Come Coast Awhile….with us!!

north-padre-housing-report-oct-2017

Filed Under: Corpus Christ Real Estate Data, corpus christi, New Homes Padre Island, North Padre Island, realtors, selling a home Tagged With: , ,

8 Benefits of Buying a House at Year’s End

October 26, 2018 By

endofyearrealtorSummer may be real estate’s busy season, but winter offers great opportunities for buying a house, especially for renters looking to become homeowners, growing families trading up to larger houses and baby boomers seeking homes to fit their evolving lifestyles.

Generally speaking, your housing choices during the late fall are still healthy. October and November are great months to go house hunting. December is usually sparse, market-wise, but if that fits your timeline, you could luck out.

The benefits to buying a house at the end of the year include the following:

1. Tax savings

If you close by December 31, you can deduct mortgage interest, property taxes, points on your loan and interest costs. These deductions are significant, especially in the early years of your loan when you’re paying off a lot of interest.

2. Motivated sellers

Many sellers want to enjoy tax savings on the next home they purchase. They may accept lower bids in order to meet Uncle Sam’s deadlines. However, if you’re in a strong seller’s market, you’ll want to be conservative and heed advice from your real estate professional.

3. Builder incentives

If you’re buying a house that is brand new, there’s a good chance builders may push to close the books on their year—and meet quotas. They may offer upgrades or little extras to sell houses before the calendar turns.

4. Available movers

Many moving companies are booked six weeks or more in advance during the busy summer months. In the fall and winter, it’s normally easier to secure the services of a moving company or rental equipment on shorter notice.

5. Paying toward something you own

If you’re renting, your monthly check goes toward something that will last you a month: You’ll never see any return on that money. When you buy a house, your monthly mortgage payment goes toward an investment—and ultimately a roof that’s yours.

6. Consistent payments

Landlords can increase your rent. Once you secure a mortgage, you can rely on consistent payments if you have a fixed-rate loan.

7. Freedom to renovate

Modernize your kitchen, paint your home’s exterior neon orange, change your fixtures orreplace your carpeting; whatever inspires you, no one can tell you, “No!”

8. Gaining equity

In the beginning, most of your payment goes toward interest. But gradually more will go toward paying off your principal, meaning you build up equity—or savings—in your home. Another factor in equity is appreciation: As home values rise, so does your rate of equity.

via Realtor.com

Filed Under: Corpus Christ Real Estate Data, Real Time MLS, realtors Tagged With: , , , , , ,

North Padre Island Housing Report – Sept. 2018

October 16, 2018 By

If you are looking to Purchase or List a home on Padre Island…Ask for the ONLY Padre Island EXPERTS!

* Median pricing on Padre Island raised 11.5% in the month of September 2018 compared to September 2017 pricing.
* We are down in Active homes For Sale on Padre Island today. Padre Island is down is Closed sales by 13% – closing only 40 in September 2018.
* If a property is priced correctly, it’s taking about 123 days, on the Average, to close. The supply of waterfront homes is down. Supply & Demand!

Our Coastline team lists and sells throughout the Texas Coastal Bend – but we Specialize and are considered the area Experts on Padre Island. When you think about Real Estate on Padre Island, everyone thinks about Coastline Properties. Come Coast Awhile….with us!!

north-padre-housing-report-oct-2017

Filed Under: buying a home, Corpus Christ Real Estate Data, New Homes Padre Island, North Padre Island, realtors, selling a home Tagged With: , ,

North Padre Island Housing Report – August 2018

September 16, 2018 By

If you are looking to Purchase or List a home on Padre Island…Ask for the ONLY Padre Island EXPERTS!

* The Median Priced home is down to $254,050 – down 16.4% compared to August 2017.
* The Active – Homes For Sale is down to 329 – down 7.6%.
Days on the Market: 110
Days to Close: 30
TOTAL 140 Days on the Market in 2018
16 days less than August 2017

Our Coastline team lists and sells throughout the Texas Coastal Bend – but we Specialize and are considered the area Experts on Padre Island. When you think about Real Estate on Padre Island, everyone thinks about Coastline Properties. Come Coast Awhile….with us!!

north-padre-housing-report-oct-2017

Filed Under: buying a home, Corpus Christ Real Estate Data, New Homes Padre Island, North Padre Island, Padre Island Business Association, Real Time MLS, realtors, rentals, selling a home

Did You Know?

August 17, 2018 By

DID YOU KNOW…THIS TEXAS CITY HAS THE HIGHEST SHARE OF $1 MILLION HOMES….

Austin, Houston, and Dallas were ranked in Lending Tree’s top 50 cities nationally with homes valued at more than $1 million.

Austin’s share of million-dollar homes was 2.16% putting it at No. 11.   Houston was ranked No. 15 with a 1.52% share, with Dallas ranked No. 18 with a 1.31% share of million-dollar homes.

DID YOU KNOW…CITY HAS THE MOST-DEMANDING RENTERS….

Renters in San Antonio seek amenities like air conditioning, parking, a balcony, a pool, and hardwood floors.  That may sound standard, but they have the highest amenity demands among all the cities analyzed by Apartment List’s Rentonomics blog.

The study also finds that renters in affordable markets tend to have higher demand for amenities than those in the priciest markets.  San Antonio is one of the nation’s most affordable large cities for renters, with a median two-bedroom rent of $1,050.

DID YOU KNOW…TEXAS IS GETTING MORE DIVERSE

Though California has the largest Hispanic population of any state, Texas saw the largest numeric increase in Hispanic population (234,000 people) in 2017, according to recent data released by the U.S. Census Bureau.  Starr County, Texas, has the highest percentage of Hispanics of any county in the U.S., with 96.3%.

Texas also had the largest black or African-American population in the country at 3.8 million.

DID YOU KNOW…HURRICANE HARVEY RAINFALL BREAKS RECORDS

Hurricane Harvey was the most significant rainfall event in U.S. history, both in scope and peak rainfall amounts, since the U.S. Geological Survey records began in the 1880’s.  The eight-day rainfall exceeded 60 inches in some locations, which is 15 inches more than average annual amounts of rainfall for eastern Texas and the Texas coast.  The areas affected by Harvey also was larger than previous events.

DID YOU KNOW….“TALK TO A TEXAS REALTOR”

An advertising campaign launched in June 2018 by the Texas Association of REALTORS  tells consumers that, no matter what type of real estate transaction they’re contemplating, talking to a Texas REALTOR  is the place to start.  The campaign consists of online ads, over-the-air and internet radio, video, social media, email, and online search engines.  It targets consumers interested in residential, commercial, property management, and farm and land transactions.  The campaign, which also includes Spanish ads, stresses that Texas REALTORS  are the trusted professionals who can help with pricing, negotiations, and advise.

DID YOU KNOW…Immigrant households will play a larger role in growing housing demand.  Texas is one of only a few larger states benefiting from positive net migration, which means more people are moving in than out.  While much of this migration comes from households moving from other states, that sources has tapered down while international households continue to provide steady growth.   Good to know!

Filed Under: Corpus Christ Real Estate Data, corpus christi, corpus christi jobs, New Homes Padre Island, North Padre Island, realtors

Padre Island Housing Market July 2018

August 10, 2018 By
THE HOUSING MARKET IS HOLDING STEADY THIS SUMMER ON NORTH PADRE ISLAND. NEW LISTING ACTIVITY STILL BOLSTERING THE 200-400K RANGE STILL, WHICH COVERS THE MAJORITY OF THE MARKET.  TAKE A LOOK AT THE STATISTICS ON WHAT’S HAPPENING HERE ON PADRE ISLAND.  CLICK ON THE PICTURE BELOW AND GET A FULL PDF TO PRINT OUT TO KEEP TRACK OF THIS DATA. LOOKING FORWARD TO HEALTHY SUMMER 2018! GIVE US A CALL AND DISCUSS THE MANY OPPORTUNITIES TO OWN A PIECE OF COASTAL TEXAS! (361) 949-0101

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Filed Under: Corpus Christ Real Estate Data, mustang island, New Homes Padre Island, North Padre Island, realtors, selling a home

Padre Island Housing Report June 2018

July 11, 2018 By
THE HOUSING MARKET IS RED HOT AS SUMMER IS IN FULL SWING HERE ON NORTH PADRE ISLAND. NEW BUYER ACTIVITY STILL DOMINATING THE 200-400K RANGE STILL, WHICH COVERS THE MAJORITY OF THE MARKET.  TAKE A LOOK AT THE STATISTICS ON WHAT’S HAPPENING HERE ON PADRE ISLAND.  CLICK ON THE PICTURE BELOW AND GET A FULL PDF TO PRINT OUT TO KEEP TRACK OF THIS DATA. LOOKING FORWARD TO A GREAT SUMMER 2018! GIVE US A CALL AND DISCUSS THE MANY OPPORTUNITIES TO OWN A PIECE OF COASTAL TEXAS! (361) 949-0101

north-padre-housing-report-oct-2017

Filed Under: buying a home, Corpus Christ Real Estate Data, New Homes Padre Island, North Padre Island, Real Time MLS, realtors, selling a home

What is the true cost when a Real Estate AGENT Cuts their commission?

June 21, 2018 By

In today’s competitive real estate market in Corpus Christi, some agents are offering to cut their commissions in an attempt to attract more business. The truth is that they want to be listing agents. Here are some questions to ask before listing your home with an agent who’s willing to take a “pay cut” to work with you:

WHAT IS THE REAL ESTATE AGENT‘S PRIMARY MOTIVATION FOR CUTTING THEIR COMMISSION? In all likelihood, it’s because they are in a position where they simply need the business that badly. Do you really want to trust the sale of your property to someone who is desperate for your business? There is a difference between WANTING your business and NEEDING your business.

IF YOUR PROPERTY DOESN’T SELL, WHAT HAVE YOU ACCOMPLISHED? There is a difference between listing a property and selling a property. What the agent didn’t tell you is that they will make less money selling your property than if they sell another property on the market. You want an agent who’s going to be excited about bringing you an offer.

WHICH SERVICES ARE THEY GOING TO CUT? If you cut your commission, then you have to cut service. Many factors come into play in finding the right buyer who’s willing to pay your price. To get top price for a property, you need as many services for you as you can possibly get.

WOULD YOU REALLY BE EXCITED ABOUT A 15% PAY CUT? A 1% reduction in commission equals more than 15% of the total commission or 60% of the selling agents commission. How can the agent really be excited about working for you? Is the agent being honest with you when he or she tells you that they’re excited about getting the property sold?

ARE THEY GOING TO COOPERATE WITH OTHER BROKERS? What are they going to pay the other brokers? Why are those brokers going to be excited about taking a 15% pay cut? To get top price for your property, you need to have all brokers in the marketplace excited about selling it.

IS THE REAL ESTATE AGENT A SKILLED NEGOTIATOR? If the other broker is willing to let you negotiate them out of 15% or more of their income from the sale of your property, will they also let the buyer negotiate 15% or more from the purchase price of your property? What is that other broker’s sale price to list price ratio? You might be costing yourself tens of thousands of dollars by trying to save a couple thousand dollars in commissions.

What’s the most important thing to you in the sale of your home? Is it paying a lower commission, or is it getting “top dollar for your home?” We are in the business of “protecting” the financial interest of our sellers, and want you to receive top dollar for your property, at Coastline Properties it is our mission to insure that you receive the absolute best buyer for your home!

Filed Under: Corpus Christ Real Estate Data, New Homes Padre Island, North Padre Island, Real Time MLS, realtors
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