PADRE ISLAND HOUSING MARKET REPORT – JANUARY 2026

February 16, 2026 By

Corpus Christi Association of Realtors has posted the Padre Island Corpus Christi Housing Report for January 2026.

The new year kicked off with a steady pulse in the Padre Island housing market. January’s numbers show a market that’s adjusting, finding its rhythm, and creating real opportunities for both buyers and sellers.

The median home price reached $492,450, a striking 69.8% jump compared to January 2025. That appreciation speaks volumes about the long-term confidence in Padre Island real estate — and it’s a great reminder of why coastal living continues to hold its value.
When you look closer at price distribution, the story becomes even more interesting. The market was well-balanced, with 33.3% of homes selling between $400,000–$499,999, another 33.3% between $500,000–$749,999, and 25% in the $300,000–$399,999 range. That mix shows consistent demand across the heart of the market — not just at the high end.

Total closed sales came in at 12 transactions, which is 20% fewer than last year. But this shouldn’t raise concerns — it’s tied more to limited inventory than to fading demand. In fact, inventory grew slightly year-over-year, with 12.2 months of supply compared to 11.1 in January 2025. Active listings held steady at 316, down less than 1%, showing that sellers remain engaged.

The real eye-opener is how much faster homes are moving. Average days on market dropped to 88, with an additional 31 days to close, for a total of 119 days — about two months faster than a year ago. That tells us pricing is aligning better with buyer expectations, and serious buyers are jumping when they find the right fit.
Overall, the Padre Island housing market looks healthy and mature. Prices continue to grow, listings are stable, and transactions are moving at a brisker pace. Buyers are stepping into the market with more choices and negotiating flexibility, while sellers are seeing strong equity gains.

Padre Island continues to prove itself as a resilient coastal market that rewards both patience and smart timing — a trend that’s likely to carry through 2026.

Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties owner Cheri Sperling for all pre-sales. sperling@coastline-properties.com

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 Corpus Christi 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 Corpus Christi January 2026 Data (Click Pic below for Larger Image)

padre-island-corpus-christi-housing-report-january-2026

Filed Under: buying a home, Corpus Christ Real Estate Data, corpus christi, home maintenance, Investment Property, Mortgages, New Homes Padre Island, North Padre Island, North Padre Real Estate, Packery Channel, Park Road 22 Proposed Bridge

Home Seller’s Checklist: 10 Must-Ask Questions Before Hiring an Agent

February 8, 2026 By

Protect your profit, peace of mind, and property by getting the answers to these make-or-break questions before signing anything. At Coastline Properties We Will Gladly Answer Each & Every One Of Them!!

  1. How Will You Price My Home Accurately for Today’s Market?
    Pricing too high means it sits. Too low, and you lose money. Ask your agent:
  • What local data will you use to determine my list price?
  • Do you provide a comparative market analysis (CMA)?
  • How do you factor in upgrades or unique features?
  1. What Is Your Marketing Strategy Beyond the MLS?
    Marketing makes the sale. Don’t settle for “post and pray.” Ask:
  • Do you use professional photography and video?
  • Will you market through social media, email, or targeted ads?
  • How will you make my home stand out from similar listings?
  1. What’s Your Track Record With Homes Like Mine?
    You want experience that matches your property type and price point. Ask:
  • How many homes have you sold in this area recently?
  • What was the average time on market and sale-to-list ratio?
  • Can you provide recent client references?
  1. Who Handles the Showings and Communication?
    Clarity prevents stress and missed opportunities. Ask:
  • Will you be my main point of contact from start to finish?
  • How do you handle showing requests and follow-ups?
  • Do you provide real-time updates or weekly check-ins?
  1. What Are the Hidden Costs or Commission Expectations?
    Don’t get blindsided by fine print. Ask:
  • What is your total commission, and is it negotiable?
  • Are there any upfront or out-of-pocket costs for staging or marketing?
  • Do you offer flexible listing agreements?
  1. How Will You Help Me Prepare My Home for Sale?
    Presentation is profit. Ask:
  • Will you advise on repairs or improvements with the best ROI?
  • Do you provide access to staging, photography, or handyman services?
  • Can you help me prioritize what matters most to buyers?
  1. How Do You Screen and Negotiate With Buyers?
    Not every offer is a good one. Ask:
  • How do you verify buyer qualifications?
  • What’s your approach to handling multiple offers?
  • How do you protect my bottom line in negotiations?
  1. What Happens If My Home Doesn’t Sell?
    You need a plan B. Ask:
  • How often will you review and adjust our strategy?
  • What’s your policy on contract cancellation or extensions?
  • Will you re-evaluate pricing and marketing after a set time?
  1. What Technology Do You Use to Streamline the Process?
    Tech saves time and stress. Ask:
  • Do you offer electronic document signing and digital updates?
  • Can I track showings, feedback, or offer activity online?
  • Are virtual tours or remote closing options available?
  1. How Will You Guide Me Through Inspection, Appraisal, and Closing?
    The sale isn’t over after the offer. Ask:
  • What’s your process for handling inspections or repair requests?
  • How do you handle low appraisals or closing delays?
  • Will you coordinate with the title company and lenders?

 

Filed Under: Better Business Bureau, home maintenance, Investment Property, Mortgages, New Homes Padre Island, North Padre Island, North Padre Island Marina, North Padre Real Estate, realtors, selling a home, Whitecap Development Project, Whitecap NPI Tagged With: ,

PADRE ISLAND HOUSING REPORT – OCTOBER 2025

November 15, 2025 By

Corpus Christi Association of Realtors has posted the Padre Island Corpus Christi Housing Report for October 2025.

Our active listing median prices have risen the past month to $451,500 which is actually a 18.4% decrease from where it was compared to last October at this time! CCAR shows us the data that has increased for active listings to 21.8% with a total of 385 properties this past month compared to October 2024 while inventory rose to 14.2 compared to 11.3 last year at this time.

Days on the market has declined this past month with an average of 139 days and the highest categories for sales with 26.7% of all the sales being priced between $500,000 – $749,999.

The BUYER’s market continues, they are some fantastic deals out there right now! Give us a call and you so we can show you what living on Padre Island is all about.

Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

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 Corpus Christi 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 Corpus Christi October 2025 Data (Click Pic below for Larger Image)

padre-island-corpus-christi-housing-report-september-2025

Filed Under: BeachWalk Development, Better Business Bureau, buying a home, Corpus Christ Real Estate Data, corpus christi business, Investment Property, mustang island, New Homes Padre Island, North Padre Island, North Padre Real Estate, padre island events, selling a home, Whitecap Development Project, Whitecap NPI Tagged With:

Fresh Paint Still Sells Homes Better Than Almost Anything Else

October 27, 2025 By

Every home tells a story. But before buyers ever listen, they look.

And what they notice first isn’t the new hardware, the upgraded fixtures, or even the landscaping. It’s the walls.

A new coat of paint still beats almost any other home improvement when it comes to getting a property ready to sell. A Better Homes and Gardens Real Estate survey found that three out of four real estate agents believe repainting adds the most value before a sale, sometimes boosting a home’s worth by as much as 10 percent.

Josh McGrath, broker and owner of Better Homes and Gardens Real Estate Central, puts it simply: if you have a thousand dollars to spend, spend it on paint.

“It’s the most cost-effective upgrade,” he says. “You can cover the most space for the least money. Even if you paint the walls the same color, it feels new again. The dents and dings are gone. The space feels cared for.”

That’s what buyers notice. Not just the color, but the freshness.

A freshly painted home signals something deeper. It tells buyers the owners paid attention. It suggests a house that has been maintained, not just decorated. Even the scent of new paint can make a showing feel cleaner and more inviting, setting the tone before buyers notice anything else.

The Psychology of Color

Real estate agents see it every day. Color changes how people feel the moment they step inside a home.

In the same survey, red topped the list of dealbreakers. Too bold, too loud, too much energy for a space meant to feel calm. “Red has subliminal messaging,” McGrath says. “It means stop, it means caution. Great for a restaurant, not for a living room.”

Other bold shades like orange, neon, or deep purple made buyers uneasy too. The colors might express personality, but in real estate, personality takes a back seat to possibility.

That’s why neutrals still lead the market. Whites, grays, and beiges continue to dominate, with new blends like Sherwin-Williams’ Worldly Gray, a soft mix of beige and gray, bridging the gap between warm and cool tones.

Neutrals invite imagination. They don’t demand attention; they hold space for it. A freshly painted blank wall helps buyers envision their furniture, art, and life. That quiet psychological effect can mean the difference between a showing and a sale.

What Works When Staging

When staging a home, the right color combinations don’t just make a space look better. They make it easier for buyers to imagine living there.

The BHGRE survey found these palettes stand out:

  • Beige and soft green — timeless and natural

  • White and gray — clean and modern

  • Navy and white — bold yet balanced

  • Black and gold or taupe and teal — elegant accents for higher-end listings

Even when homeowners aren’t changing colors, they half repaint just to refresh. The logic is simple: buyers expect homes to feel as new as possible.

“Think about buying a pre-owned car,” McGrath says. “You expect it to be detailed, clean, looking nice, smelling fresh. Paint does that for a house.”

The Quiet Power of Renewal

Whether you’re selling or staying, repainting every few years keeps a home feeling alive. “Life leaves marks on the walls,” McGrath says. “A fresh coat of paint brings it back.”

In the end, paint isn’t just color. It’s care made visible. It’s the sign of a homeowner who understands the small details that make a big impression.

And when buyers walk through the door, that’s what sells.

Filed Under: buying a home, Home Colors Staging, Investment Property, Mortgages, mustang island, New Homes Padre Island, North Padre Island, North Padre Island Beaches, North Padre Island Marina, North Padre Real Estate, Padre Island Business Association, property taxes, Real Time MLS, realtors, selling a home, spring cleaning Tagged With:

What Happens to Real Estate When the Government Shuts Down

October 14, 2025 By

When the federal government closes, real estate feels it first.

Behind every sale, mortgage, or permit are government-backed systems that make homeownership possible. Flood insurance, FHA and VA loans, rural housing programs, and federal verifications all rely on staff and systems that stop or slow when Washington grinds to a halt.

On a recent episode of The Advocacy Scoop, NAR’s Shannon McGahn and Patrick Newton explained what really happens during a shutdown and how REALTORS® help keep the market steady when uncertainty rises.

A Modern Habit Washington Cannot Shake

Government shutdowns were not always part of the American budget cycle. Before the 1970s, if Congress failed to pass spending bills, federal agencies kept operating, assuming new funding would arrive soon. That changed in 1980 when a Justice Department ruling made it illegal for agencies to spend money without congressional approval.

Since then, shutdowns have become a regular feature of politics. McGahn called it “a reality, not a new one, but a consistent one.”

When Congress fails to pass all twelve annual appropriations bills, parts of the government lose legal authority to operate. To avoid this, short-term fixes known as continuing resolutions are sometimes used to buy time. But when those expire, the shutdown begins.

The Real Estate Ripple Effect

Few industries depend more on the federal government than real estate. Housing transactions are heavily regulated and insured, and that means any disruption quickly reaches buyers and sellers.

“Even if some functions continue, uncertainty slows deals,” McGahn said. “That is why we talk directly with lawmakers. Behind every delayed form or policy renewal is a family waiting to move.”

During a shutdown, the Federal Housing Administration, which insures about 15 percent of U.S. mortgages, faces reduced staffing. Loan processing slows, affecting first-time and lower-income buyers most. VA loans usually continue, but veterans often see delays in eligibility checks or customer service. Rural housing loans through the USDA stop entirely, halting transactions in many smaller communities.

The National Flood Insurance Program is another major concern. It has been kept alive through short-term extensions since 2017, often tied to broader spending bills. When the government closes, its authorization lapses unless Congress acts. Without it, tens of thousands of home closings in flood zones could stall, threatening roughly 1,400 transactions every day.

Existing policies remain valid for 30 days and can be transferred to new owners, but uncertainty spreads quickly. “It is not that everything stops on day one,” McGahn said. “But the longer a lapse lasts, the harder it becomes for people to close on their homes.”

Builders, Renters, and Confidence

The impact extends beyond buyers. Builders and developers face delays when they need federal permits or environmental reviews. HUD rental assistance payments can be held up, leaving housing providers waiting for funds. FHA condo approvals slow down, which affects new supply and development.

Even short shutdowns cause bottlenecks. Longer ones can ripple through markets for months, changing mortgage rates and shaking investor confidence.

Consumer confidence is often the hardest to protect. “Come and use this government program, but the government is shut down,” McGahn said. “That is a hard sell.”

REALTORS® as Advocates

NAR’s advocacy team prepares for these moments long before they happen. When shutdowns threaten, they launch immediate outreach to Congress through the Federal Political Coordinator network, mobilizing members across every district. Within 48 hours of this shutdown, NAR reached 70 percent of lawmakers to explain how the closures affect homebuyers and local economies.

That outreach has sparked bipartisan attention. Lawmakers from both parties have voiced support for keeping critical housing programs open. Behind the scenes, NAR continues meeting with White House officials and housing regulators to keep the focus on one goal: protecting access to homeownership.

Because when Washington closes its doors, the housing market still turns, and REALTORS® still show up for the people trying to move their lives forward.

Filed Under: buying a home, Corpus Christ Real Estate Data, corpus christi, home maintenance, mustang island, New Homes Padre Island, North Padre Island, North Padre Real Estate, port aransas, property taxes, Real Time MLS, realtors, selling a home, spring break, spring cleaning, Whitecap Development Project, Whitecap NPI Tagged With:

PADRE ISLAND HOUSING REPORT – SEPTEMBER 2025

October 7, 2025 By

Corpus Christi Association of Realtors has posted the Padre Island Corpus Christi Housing Report for September 2025.

Our active listing median prices have lowered the past month to $435,000 which is actually a flat 0% increase from where it was compared to last September at this time! CCAR shows us the data that has increased for active listings to 30.8% with a total of 408 properties this past month compared to September 2024 while inventory rose to 15.0 compared to 11.4 last year at this time.

Days on the market has declined this past month with an average of 142 days and the highest categories for sales with 29.6% of all the sales being priced between $400,000 – $499,999.

In September 2025, Padre Island had a 15.0 month supply of properties FOR SALE. The BUYER’s market continues, they are some fantastic deals out there right now! Give us a call and you so we can show you what living on Padre Island is all about.

Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

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 Corpus Christi 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 Corpus Christi September 2025 Data (Click Pic below for Larger Image)

padre-island-corpus-christi-housing-report-september-2025

Filed Under: buying a home, Corpus Christ Real Estate Data, home maintenance, Investment Property, Mortgages, New Homes Padre Island, North Padre Island, North Padre Real Estate, property taxes, Real Time MLS, realtors, selling a home, Whitecap Development Project, Whitecap NPI Tagged With:

The Ripple Effect of Real Estate in Corpus Christi, Texas

September 4, 2025 By

Can a Successful Real Estate Transaction Strengthen the Corpus Christi Community?

When most people think about buying or selling a home, the focus is usually on square footage, price, and the negotiation at hand. But real estate is rarely just about bricks and mortar. In a city like Corpus Christi, where neighborhoods carry unique histories and families often stay rooted for generations, every transaction can also become an opportunity to build something larger: a stronger, more connected community.

The Ripple Effect in Corpus Christi

A home sale is never an isolated event. Each deal sets off a chain reaction that reaches far beyond the closing table. Local inspectors, appraisers, contractors, title companies, movers, interior designers, and landscapers all feel the impact. According to the National Association of Home Builders, building a single-family home supports about three full-time jobs for an entire year. Even resales pump money into the economy as buyers invest in improvements, furnishings, and services.

In Corpus Christi, where many buyers are drawn to coastal living, waterfront homes, and new developments on the Southside and Padre Island, this ripple effect is easy to see. A family’s decision to purchase a home near the bay might mean work for local dock builders, marine supply stores, and fishing outfitters. A sale in an established neighborhood can inspire remodeling projects that give small tradespeople steady business. Every transaction recirculates dollars close to home, strengthening the local economy and helping small businesses thrive.

Real Estate as a Force for Good

More real estate professionals in Corpus Christi are starting to see their role as bigger than simply guiding clients through contracts. They are finding ways to use their work to lift up local causes and deepen the sense of connection that defines this coastal city. Coastline Properties has been contributing to our local events, charities and causes for 2 decades now. We feel blessed to live here and we want to set a new standard for contribution in our community.

Some brokerages now dedicate part of their commissions to community programs. Imagine a portion of each sale helping fund scholarships at Texas A&M University–Corpus Christi, supporting sea turtle rescue initiatives on Padre Island, or underwriting youth sports programs that keep kids engaged and active. Other teams host client appreciation events that double as fundraisers, shining a light on nonprofits that protect local beaches, support arts programs, or preserve South Texas history.

These efforts do more than provide financial support. They reinforce the idea that real estate is woven into the fabric of community life. Buyers and sellers begin to see their move not just as a transaction but as a contribution to the city they love.

Why Community Involvement Matters

Strong communities do not happen by accident. They are built through relationships, shared values, and a willingness to invest in the common good. For real estate professionals, being active in Corpus Christi’s civic life pays dividends in trust and credibility.

A broker who volunteers at a beach cleanup or sponsors a local Little League team is not just advertising. They are showing clients they care about the same things the community cares about: safe neighborhoods, thriving schools, and a vibrant coastal lifestyle. When people make life-changing financial decisions, they look for professionals who are not only skilled but also grounded, accessible, and genuinely invested in the area’s future.

Active participation also gives brokers sharper insight into the city’s dynamics. By being involved in community events, they stay in touch with local concerns, from downtown revitalization to floodplain management to discussions about coastal development. This perspective is invaluable when advising clients on where to buy, what neighborhoods are rising in popularity, and how long-term trends may shape property values in the Corpus Christi real estate market.

Meeting Today’s Clients Where They Are

Clients increasingly prefer to work with companies that “do good.” Whether it is sustainability initiatives, charitable partnerships, or neighborhood involvement, buyers and sellers want their choices to align with their values. This is especially true in Corpus Christi, where the natural environment and local culture are part of what makes the region special.

By choosing brokers who reinvest in the community, clients are not only securing technical expertise. They are partnering with professionals who see beyond the commission check. They are choosing someone who understands the rhythm of the city, values its people, and is willing to put skin in the game for the greater good.

For buyers searching Corpus Christi homes for sale or investors looking into Padre Island real estate, this kind of local knowledge and involvement is often the deciding factor. People want agents who are deeply connected to the South Texas real estate market and committed to keeping the community strong. This is why Coastline Properties is always contributing and sponsoring local events in our area, we believe in investing in our community by raising a new standard of service for all.

The Bottom Line

So, can a successful real estate transaction be a win for the community? In Corpus Christi, the answer is yes when there is intention behind it. A closing is not just the end of a deal; it can also be the beginning of impact. Whether through local hiring, charitable giving, or partnerships with nonprofits, every sale has the potential to leave something lasting.

Real estate here is not just about properties near the bay, homes on Padre Island, or houses tucked into quiet subdivisions. It is about people and the shared sense of place that makes Corpus Christi feel like home. When each transaction feeds into the broader community, the city as a whole becomes stronger, more resilient, and better prepared for the future.

Filed Under: Barefoot Mardi Gras, Better Business Bureau, buying a home, chamber of commerce, Corpus Christ Real Estate Data, corpus christi, corpus christi jobs, home maintenance, Investment Property, Local Schools, New Homes Padre Island, North Padre Island, North Padre Real Estate, Real Time MLS, realtors, selling a home, Whitecap Development Project, Whitecap NPI

Buying a Home in 2025: Understanding Down Payments and Financing Options

July 5, 2025 By
For many potential homeowners, especially first-time buyers, the biggest hurdle in the home buying process is the down payment. A common misconception persists that buyers need 20 percent down to purchase a home. In reality, this outdated belief keeps many qualified buyers on the sidelines, waiting longer than necessary to make their move. In 2025, understanding how much down payment is required and what mortgage options are available can unlock the door to homeownership much sooner than most people think.

How Much Down Payment Do You Really Need?

One of the most frequently searched questions in real estate is “how much down payment for a house?” The answer depends on the type of loan and whether you are a first-time or repeat buyer.

According to the National Association of REALTORS® (NAR), first-time home buyers typically put down only 6 to 9 percent. In fact, the average down payment for first-time buyers has not exceeded 10 percent since 1989. Repeat buyers, who often use equity from a prior sale, average around 23 percent down. This is a significant increase compared to 2014, when repeat buyers averaged just 13 percent.

The myth of needing a 20 percent down payment persists despite decades of data proving otherwise. Educating buyers on realistic down payment requirements is essential for improving housing accessibility in 2025 and beyond.

What Loans Are Available with Low or No Down Payment?

There are multiple financing options for home buyers that do not require 20 percent down. In fact, many loan programs are specifically designed to reduce upfront costs.

FHA Loans

An FHA loan is one of the most popular choices among first-time home buyers. It requires a minimum down payment of just 3.5 percent and is backed by the Federal Housing Administration. FHA loans are particularly useful for buyers with lower credit scores or limited savings.

VA Loans

For eligible military service members, veterans, and surviving spouses, VA loans offer a powerful advantage. These loans require no down payment and no private mortgage insurance, making them one of the most affordable paths to homeownership.

Conventional Loans with Low Down Payment

Many lenders now offer conventional loans with as little as 3 percent down. These loans may have stricter credit requirements but are a competitive option for well-qualified borrowers.

What Are the Common Sources of Down Payment Funds?

Another top question among buyers is “how to get a down payment for a house.” While savings remain the most common source, buyers are increasingly turning to other methods.

According to recent NAR research:

  • 70 percent of first-time buyers used personal savings.

  • 25 percent received a gift from family or friends.

  • 21 percent used proceeds from stocks, 401(k) accounts, or even cryptocurrency.

  • 7 percent used inheritance funds, the highest level recorded.

This diversification of down payment sources shows that financial creativity plays a growing role in how buyers fund their home purchase.

Are There Down Payment Assistance Programs?

Yes. Many first-time home buyers qualify for down payment assistance programs offered by state and local governments. These programs may include grants, forgivable loans, or matching funds to help reduce the cash required upfront.

Websites like Down Payment Resource help buyers identify assistance programs they may be eligible for based on income, location, or household status. Working with a knowledgeable real estate agent or mortgage lender can also help uncover financial tools and incentives available in your area.

Why the 20 Percent Myth Persists

The idea that 20 percent is required comes from a time when lenders had fewer risk-tolerance options. While a 20 percent down payment helps borrowers avoid private mortgage insurance (PMI), it is by no means required. PMI is often a small monthly cost that enables buyers to purchase a home years earlier than if they waited to save a larger lump sum.

In today’s housing market, access to affordable financing is greater than ever. Buyers should focus less on the 20 percent myth and more on how to match their personal financial situation with the right loan product.

Final Thoughts

The truth is, most buyers finance their home purchase. In 2025, 91 percent of first-time buyers use a mortgage to secure their home, and the majority put down less than 10 percent. With FHA, VA, and low-down-payment conventional loan options available, homeownership is more attainable than most people realize.

Down payment assistance programs, savings plans, and alternative funding sources like 401(k) loans or gifts from family are making it easier for buyers to bridge the gap. Understanding how much you need, where it can come from, and what programs are available is the first step to turning the dream of homeownership into a reality.

If you’re wondering how to buy a home with a low down payment, speak with a local mortgage advisor and explore programs in our area. You may be closer than you think. Let us know if you need help, we will gladly consult & guide you the rest of the way.

Filed Under: Better Business Bureau, buying a home, Corpus Christ Real Estate Data, corpus christi business, Investment Property, Mortgages, New Homes Padre Island, North Padre Island, North Padre Real Estate, property taxes, Real Time MLS, realtors, selling a home, Whitecap Development Project, Whitecap NPI Tagged With: ,

Supporting Our Island Small Businesses: The Backbone of Our Economy

June 25, 2025 By

As your Mayor, and as a former small business owner myself, I know firsthand the grit, determination, and resilience it takes to keep the lights on, payroll met, and customers happy. For 15 years, I proudly ran my own Allstate insurance agency. I built it from the ground up, navigated economic ups and downs, and ultimately sold it after years of hard work and dedication. That experience shaped how I lead today, with a deep understanding of the pressures our small business owners face every single day.

Here on Padre Island, our small businesses aren’t just neighborhood conveniences, they are a driving force of our local economy. From family-run restaurants to surf shops, Realtors, fishing charters, boutiques, and service providers, these enterprises embody the entrepreneurial spirit that makes our city unique.

More than 82% of businesses in Corpus Christi are classified as small businesses, and on the Island, they account for an outsized portion of both job creation and sales tax revenue.

When we talk about economic development, we often think of large corporations and new industries. But the truth is, small businesses are the economic bedrock of our city. They employ local residents, sponsor our youth sports teams, and reinvest their profits right back into the community. Every dollar spent locally creates ripple effects, from job growth to better infrastructure, benefiting all of us.

That’s why I’ve prioritized supporting small businesses from day one. Whether it’s cutting red tape at City Hall, investing in public safety so businesses can prosper, or fighting to keep property taxes low, I understand that pro-business policies matter. And I also understand that business owners don’t want handouts, they want a fair shot, consistent infrastructure, and a level playing field.

We’ve seen incredible resilience from our Island business community, especially through hurricanes, the pandemic, and ongoing economic challenges. Yet, you’ve stayed strong, just like I had to during my own years in business. That tenacity is something I deeply admire and work every day to support.

Let’s continue to shop local, dine local, and invest in our Island’s future… together. As Mayor, I’ll never stop being a champion for the small business owners who fuel our economy and keep the Island the vibrant family-friendly destination we

Thank you for everything you do.

~Corpus Christi Mayor Paulette Guajardo

Filed Under: Charities, corpus christi business, corpus christi city council, Investment Property, Local Food, Mayor Paulette Guajardo, mustang island, North Padre Real Estate, Padre Island Business Association, Padre Isles POA, property taxes, Restaurants, selling a home, spring cleaning, Todd Hunter, windstorm insurance

PADRE ISLAND HOUSING REPORT – APRIL 2025

May 15, 2025 By

Corpus Christi Association of Realtors has posted the Padre Island Corpus Christi Housing Report for April 2025.

LOCAL DATA AS OF 5/8/2025

Single Family FOR SALE on Padre Island:  93 Homes   $475,000 to $2,500,000   

Single Family SALE PENDING on Padre Island:  8 Homes under contract;  
 
Single Family SOLD on Padre Island: There have been only 24 homes closed   01/01/2025 through 05/07/2025.
2 closed in the $400,000 range
5 closed in the $500,000 range
6 closed in the $600,000 range
2 closed in the $700,000 range
1 closed in the $800,000 range
2 closed in the $900,000 range
7 closed in the $1,000,000 range
 
Median Price of a Listing was $700,000
Median Price of a Closing was $685,000
Average Days on the Market:  117 Days
 
The real estate market continues to remain quite sluggish. 

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 Corpus Christi 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 Corpus Christi March 2025 Data (Click Pic below for Larger Image)

padre-island-corpus-christi-housing-report-march-2025

Filed Under: BeachWalk Development, Corpus Christ Real Estate Data, corpus christi jobs, Investment Property, Mortgages, New Homes Padre Island, North Padre Island, North Padre Real Estate, Padre Island Business Association, Palmilla Beach Resort and Golf Club, Real Time MLS, realtors, selling a home, Whitecap Development Project, Whitecap NPI

Reasons Why First-Time Homebuyers Are Considering Condominiums

April 18, 2025 By

Why First-Time Homebuyers Are Giving Condos a Closer Look

Buying your first home can feel overwhelming, especially with high prices and limited choices. But there’s good news: condos, or condominiums, are becoming a more affordable and realistic option for first-time homebuyers.

A More Affordable Option Is Opening Up

Home prices in general have slowed down in how fast they’re rising, but condos are seeing a small dip in price. This means there’s a better chance for new buyers to finally find a place they can afford.

One big reason is that more condos are being built. In 2024, there was a rise in multi-family home construction, which includes condos. With more condos available, prices are starting to become more competitive.

Why Are Condos Getting Cheaper?

Several things are making condos more affordable in today’s market:

  • More New Construction: Builders have been creating more multi-family homes, like condos, which means there are more to choose from.

  • Slower Demand in Some Areas: In markets where fewer people are buying homes, condo prices tend to go down quicker than regular houses.

  • Local Challenges Lower Prices: In some places, like parts of Florida, higher insurance costs and environmental issues are affecting condo values, sometimes leading to better deals for buyers.

Great News for First-Time Buyers

For people just starting out, condos are becoming a strong option. Prices are a little lower, there are more available, and sellers may be more open to negotiating prices or offering extras to close the deal.

If you’re looking for a place of your own but thought it was out of reach, now might be a good time to take another look—especially at condos.

Final Thoughts

With condo prices becoming more buyer-friendly, 2025 could be a great year to take that first step into homeownership. It’s a good idea to talk to a trusted real estate agent or lender who can help you decide if a condo is the right fit for you.

Original Source: The Mortgage Reports

Filed Under: Better Business Bureau, buying a home, Corpus Christ Real Estate Data, corpus christi business, home maintenance, Investment Property, Local Schools, Mortgages, North Padre Island, North Padre Real Estate, property taxes, Real Time MLS, realtors, selling a home, Whitecap NPI

Smart Money Moves: Why Investors Should Watch Baby Boomer Buying Trends

April 4, 2025 By

In today’s dynamic housing market, it’s crucial for investors to stay attuned to shifting trends and demographics. One significant development is the resurgence of baby boomers (ages 60 to 78) as a dominant force in real estate transactions. According to the National Association of REALTORS® (NAR), this group now accounts for 42% of home buyers and 53% of home sellers, surpassing other generations in market activity. Investopedia+1National Association of REALTORS®+1

Why the Surge?

Several factors contribute to this trend:

Implications for Investors

Understanding the preferences and behaviors of baby boomers can inform strategic investment decisions:

  • Property Types in Demand: Boomers often seek single-story homes with low maintenance, proximity to healthcare facilities, and community amenities. Investing in properties that cater to these preferences could yield favorable returns. New York Post

  • Market Dynamics: The increased purchasing power of boomers, especially those making cash offers, may intensify competition and influence pricing in certain segments.

Visualizing the Trend

To better grasp the impact of baby boomers on the housing market, consider the following chart illustrating the generational share of home buyers:

 home purchasing decisions

Source: NAR 2025 Home Buyers and Sellers Generational Trends Report

Staying Ahead

Investors should monitor these demographic shifts and adapt strategies accordingly. By aligning investments with the evolving demands of the baby boomer generation, opportunities arise to capitalize on this influential segment of the market.

Note: For a comprehensive analysis, refer to NAR’s 2025 Home Buyers and Sellers Generational Trends Report.

Filed Under: buying a home, Corpus Christ Real Estate Data, Investment Property, Mortgages, New Homes Padre Island, North Padre Real Estate, property taxes, Real Time MLS, realtors, rentals, selling a home, Whitecap Development Project, Whitecap NPI

BBB – What to know about IRS impostors and tax preparation fraud

March 23, 2025 By

The season for filing 2024 taxes began on Jan. 27, and while some Texas residents are planning on submitting their own returns, others are reaching out to reputable tax preparers for assistance. With roughly three months remaining until the fling deadline of April 15 for general tax returns, Better Business Bureau reminds residents to be wary of con artists and unethical businesses who claim to specialize in tax preparation.

Additionally, BBB reminds businesses and consumers to be aware of an increase in IRS impostors attempting to contact fix filers through email, text, social media, or other methods to steal personally identifiable information (PII)

IRS Impostor and Phishing Scams:

Impostor scams remain one of the most common types of fraud reported to the FTC by Texas residents, with nearly 600,000 reports in the first three quarters of 2024. Across the U.S., impostor scams account for $2 billion in losses, surpassing losses to the next three most frequently reported types of fraud combined. IRS impostors target tax filers and tax preparation businesses, often claiming the recipient must take immediate action or confirm account details.

IRS impostor scams are carried out through unsolicited phone calls and emails, and may target students, faculty, and staff” at educational institutions with a edu email address. Emails often display the IRS logo and encourage recipients to follow a link to verify their tax refund payment by entering PII, such as their SSN, date of birth and current address, on a look-a-like website. The website is a phishing scam, and the information provided could lead to identity theft or Stolen Identity Refund

Remember, the IRS will never:

  •   Demand immediate payment using a specific payment method such as a prepaid debit card, gift card or wire transfer.
  •   Threaten to immediately contact local police or other law enforcement to have the taxpayer arrested for not paying.
  •   Demand that taxes be paid without allowing taxpayers to appeal the amount owed.
  •   Unexpectedly call about a tax refund.
  •   Send emails about your tax refund or sensitive personal information.
  •   Initiate contact with taxpayers by email, text message or social media to request personal or financial information.

Ghost Tax Preparer Scams:

A ghost preparer as a professional tax preparer, often guaranteeing a significant tax return when using their services, However, the preparer either refuses or conveniently “forgets” to sign the return they created on behalf of a client.

By federal law, anyone paid to prepare, or assists in preparing, a federal tax return must have a valid Preparer Tex Identification Number (PTIN). Tax preparers must sign and include their PTIN on any returns they create on behalf of a paying customer.

Businesses or individuals refusing to sign a return is a red flag that they may be fraudulent, leaving the consumer to deal with the IRS in the aftermath of an illegitimate or incorrect filing. Filing a valid, accurate tax return is ultimately the taxpayer’s responsibility, emphasizing the importance of choosing a credible tax preparation professional.

It is important to carefully analyze a chosen tax preparation business due to the PII provided, such as SSN, bank account information, home address and financial assets. BBB recommends spending the time to research tax preparation professionals to determine their credibility and legitimacy. The IRS provides a directory service that lists preparers in a searchable area who currently hold professional credentials recognized by the agency, Additionally, use available resources, such as BBB.org› to search for accredited tax preparation businesses.

Individuals impacted by tax preparer misconduct can file a report with the IRS at IRS.gov/tax-professionals and are encouraged to file an official complaint on the business’s BBBBusiness Profile, as well as submit a report to BBB Scam Tracker:

For more information about how to avoid tax scams and choose the right tax preparer, visit BBB.org/Tax Tips

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PADRE ISLAND HOUSING REPORT – FEBRUARY 2025

March 11, 2025 By

Corpus Christi Association of Realtors has posted the Padre Island Corpus Christi Housing Report for February 2025.

Our active listing median prices have softened the past month to $379,000 which is actually a 4.4% decrease from where it was compared to last February at this time! CCAR shows us the data that has risen for active listings t0 35.1% with a total of 350 properties this past month compared to February 2024 while inventory also rose to 12.3 compared to 8.6 last year at this time.

Days on the market increased this past month with an average of 134 days and the highest categories for sales with 30% of all the sales being priced between $500,000 – $749,999. The market is continuing to show signs of stability with properties available across many pricing areas. Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of February 2025 is 2.9%. If 2.9% is the actual year-over-year increase in the CPI, it will mark a decrease from the previous month. It will also be below the trailing 12-month average of 3.0%.

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 Corpus Christi 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 Corpus Christi February 2025 Data (Click Pic below for Larger Image)

padre-island-corpus-christi-housing-report-february-2025

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Boomers, Billions, and the Future of Senior Housing: The Investment Opportunity of the Decade

February 17, 2025 By

The oldest baby boomers are about to hit 80, and with this demographic shift comes a massive opportunity for commercial real estate investors according to the Wall Street Journal. The demand for senior housing is set to skyrocket, and those who position themselves strategically in the market stand to benefit from one of the most significant trends in real estate today.

The Boomer Effect: A Market Ready for Growth

By 2030, the U.S. population aged 80 and older is projected to reach nearly 19 million, a staggering increase that will send ripples through the senior housing sector. As millions of aging adults seek accommodations that cater to their evolving needs, the market will need to step up to meet demand.

While aging in place has been a preference for some, many seniors transition to senior living communities when maintaining a home independently becomes impractical. This shift creates a major supply-demand imbalance—one that presents a compelling investment opportunity.

Just a few years ago, senior housing faced an oversupply issue. But the pandemic slowed development, and today, new construction is failing to keep pace with projected needs. Experts estimate that over 560,000 new senior housing units will be needed by 2030, yet current development trends suggest only 191,000 units will be added. This gap signals a major shortage—and a chance for investors to capitalize.

Adapting Investment Strategies: Acquisitions Over New Builds

Developers looking to enter or expand in the senior housing market are shifting their strategies in response to challenges like high interest rates, soaring construction costs, and labor shortages. Instead of focusing solely on ground-up construction, acquisitions are taking center stage.

Real estate giants like Welltower and Ventas are aggressively investing in existing senior housing communities, modernizing properties, and repositioning them for long-term profitability. This approach reduces development risks while allowing investors to bring in revenue more quickly than with new builds.

For investors, this shift highlights an opportunity to acquire undervalued assets, upgrade them, and benefit from rising demand as occupancy rates climb. With fewer new developments coming online, well-positioned properties stand to appreciate significantly in value.

Luxury Senior Housing: The Next Big Play

One of the most promising areas of senior housing investment is the luxury segment. Developers are targeting wealthier baby boomers—a generation that has built substantial wealth and is willing to pay for high-end amenities and experiences.

Upscale senior living communities are no longer just about basic care; they offer resort-style living with features such as:

✅ Private wine rooms
✅ Golf cart-friendly paths
✅ Wellness spas & fitness centers
✅ Fine dining & chef-prepared meals
✅ Art studios & cultural activities

These high-end communities are resilient to market fluctuations, as affluent seniors can better absorb rent increases and operating cost adjustments. For investors, this means stronger margins, higher occupancy stability, and long-term profitability.

The Road Ahead: A Golden Era for Senior Housing Investors

The next decade will be a defining moment for the senior housing sector. Investors who recognize the supply-demand imbalance and position themselves early can reap substantial rewards.

🔹 Acquisitions and repositioning of existing properties will allow for faster market entry.
🔹 Luxury senior housing developments will continue to attract high-net-worth residents.
🔹 A focus on operational efficiency will be key to maximizing NOI and long-term value.

With an aging population driving demand and a market facing a supply crunch, now is the time for investors to act. The senior housing boom is just beginning—those who move strategically will lead the way in shaping the future of this high-growth sector.

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PADRE ISLAND HOUSING REPORT – JANUARY 2025

February 12, 2025 By

Corpus Christi Association of Realtors has posted the Padre Island Corpus Christi Housing Report for January 2025.

Winter months, particularly December and January, present several challenges that make them the worst time to sell a property. One of the
primary reasons is the colder weather, even on Padre Island, which can make property hunting much less appealing attracting fewer buyers to a property.

We are still looking at a Buyer’s Market locally. Which means THIS is the perfect time to buy because prices are lower. Yes, interest rates are a bit
higher, but property prices are down. Buy now, and once interest rates adjust, refinance that property. They are saying the interest rates won’t change much
in 2025 but this gives you time to get that perfect property – BEFORE rates go down and prices of property start to rise.

While it’s not a strict rule or guarantee, properties typically appreciate over five years. It’s been forecasted there will be a modest increase in property
sales and property prices. HOWEVER, if inventory continues to rise with new listings coming out daily and property sales continue to be slow, then who
knows exactly when it will become a Sellers’ market once again?

Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

In January, inflation unexpectedly accelerated. The consumer price index rose 3% from a year ago, data published Wednesday showed. That’s above December’s rate and the consensus expectation, both of which were 2.9%.

The CPI increased 0.5% over the month in January from December, above the forecast of 0.3% and recent month-over-month increases.

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 Corpus Christi 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 Corpus Christi January 2025 Data (Click Pic below for Larger Image)

padre-island-corpus-christi-housing-report-january-2025

Filed Under: BeachWalk Development, Corpus Christ Real Estate Data, Investment Property, New Homes Padre Island, North Padre Island, North Padre Real Estate, Padre Isles POA, property taxes, Real Time MLS, realtors, selling a home, Whitecap Development Project, Whitecap NPI

PADRE ISLAND HOUSING REPORT – NOVEMBER 2024

December 12, 2024 By

Corpus Christi Association of Realtors has posted the Padre Island Corpus Christi Housing Report for November 2024.

Our active listing median prices have softened the past month to $485,000 which is actually a 20.1% increase from where it was compared to last November at this time! CCAR shows us the data that has risen for active listings t0 33.6% with a total of 322 properties this past month compared to November 2023 while inventory also rose to 11.5 compared to 7.3 last year at this time.

Days on the market stayed steady this past month with an average of 86 days and the highest categories for sales with 30.4% of all the sales being priced between $300,000 – $399,999. The market is still softening a bit as we head into the last month of 2024 with properties available across many pricing areas. Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

The Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.3 percent on a seasonally adjusted basis in November versus the prior month, following four consecutive months of 0.2 percent increases. Over the past 12 months, the all-items index has increased by 2.7 percent before seasonal adjustment.

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 Corpus Christi 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 Corpus Christi November 2024 Data (Click Pic below for Larger Image)

padre-island-corpus-christi-housing-report-november-2024

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PADRE ISLAND HOUSING REPORT – OCTOBER 2024

November 14, 2024 By

Corpus Christi Association of Realtors has posted the Padre Island Corpus Christi Housing Report for October 2024.

Our active listing median prices have risen the past month to $556,7500 which is actually a 23.7% increase from where it was compared to last October at this time! CCAR shows us the data that has risen for active listings t0 33.3% with a total of 328 properties this past month compared to Ocotber 2023 while inventory also rose to 11.7 compared to 7.3 last year at this time.

Days on the market stayed steady this past month with an average of 143 days and the highest categories for sales with 40.0% of all the sales being priced between $500,000 – $749,999. The market is still softening a bit as we head into the holidays with properties available across many pricing areas. Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally
adjusted basis in October, the same increase as in each of the previous 3 months, the U.S. Bureau of
Labor Statistics reported today. Over the last 12 months, the all items index increased 2.6 percent before
seasonal adjustment.

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 Corpus Christi 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 Corpus Christi October 2024 Data (Click Pic below for Larger Image)

padre-island-corpus-christi-housing-report-october-2024

Filed Under: buying a home, Corpus Christ Real Estate Data, Investment Property, Mortgages, New Homes Padre Island, North Padre Island, North Padre Real Estate, property taxes, Real Time MLS, realtors, Water Exchange Bridge, Whitecap Development Project, Whitecap NPI Tagged With:

PADRE ISLAND HOUSING REPORT – AUGUST 2024

September 23, 2024 By

Corpus Christi Association of Realtors has posted the Padre Island Corpus Christi Housing Report for August 2024.

Our active listing median prices have risen the past month to $496,000 which is actually a 27.6% increase from where it was compared to last August at this time! CCAR shows us the data that has risen for active listings t0 46.8% with a total of 320 properties this past month compared to August 2023 while inventory also rose to 11.6 compared to 5.6 last year at this time.

Days on the market for sale increased this past month with an average of 110 days and the highest categories for sales with 30.0% of all the sales being priced between $750,000 – $999,999. The market is softening a a bit as we head into fall with properties available across many pricing areas. Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in August, increasing at the slowest pace since February 2021, and down from a 2.5% gain in July 2024. The Federal Reserve will lower interest rates for the first time today in more than four years as the U.S. central bank starts to reverse the restrictive conditions it imposed to beat back inflation, but whether policymakers opt for a half-percentage-point cut or smaller move remains up in the air.

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 Corpus Christi 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 Corpus Christi August 2024 Data (Click Pic below for Larger Image)

padre-island-corpus-christi-housing-report-august-2024

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PADRE ISLAND HOUSING REPORT – JULY 2024

August 14, 2024 By

Corpus Christi Association of Realtors has posted the Padre Island Corpus Christi Housing Report for July 2024.

Our active listing median prices have risen the past month to $427,500 which is actually a 0.6% increase from where it was compared to last July at this time! CCAR shows us the data that has risen for active listings t0 42.7% with a total of 324 properties this past month compared to July 2023 while inventory also rose to 11.2 compared to 5.7 last year at this time.

Days on the market for sale increased this past month with an average of 110 days and the highest categories for sales with 23.3% of all the sales being priced between $500,000 – $749,999. The market continues to stay stable so far into 2024 with properties available across many pricing areas. Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of July 2024 is 3.0%. If 3.0% is the actual year-over-year increase in the CPI, it will match the number from the previous month.

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 Corpus Christi 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 Corpus Christi July 2024 Data (Click Pic below for Larger Image)

padre-island-corpus-christi-housing-report-July-2024

Filed Under: Better Business Bureau, buying a home, Corpus Christ Real Estate Data, Corpus Christi Foreclosures, Investment Property, New Homes Padre Island, North Padre Island, North Padre Island Beaches, North Padre Island Marina, North Padre Real Estate, realtors, selling a home, Water Exchange Bridge, Whitecap Development Project, Whitecap NPI

Reduced Mortgage Rates Aren’t Enticing Buyers

August 4, 2024 By

Though there have been only modest increases in house buying activity, borrowing costs have dropped to their lowest point in over a year.Although mortgage rates have dropped recently, prospective homeowners are exercising caution rather than jumping back into the market to take advantage of the lower rates. According to Freddie Mac, the 30-year fixed-rate mortgage’s average rate this week was 6.47%.

The number of mortgage applications for home purchases is still notably lower, despite the fact that mortgage rates are at their lowest point in over a year. According to the Mortgage Bankers Association, applications rose by just 1% last week and are still 11% lower than they were a year ago.

Joel Kan, the MBA’s deputy chief economist, states that “despite the downward movement in rates, purchase activity only saw small gains, with an increase in conventional purchase applications offset by decreases in government purchase applications.” “In certain regions of the country, the inventory of homes for sale is starting to rise gradually, and potential reductions in interest rates may be delaying the entry of buyers into the market.”

Those who are purchasing a home are saving money, especially as compared to last autumn when the average mortgage rate was significantly higher. For instance, assuming a 20% down payment on a $400,000 property, a monthly mortgage payment at this week’s 6.47% average would equal almost $2,016, according to Jessica Lautz, deputy chief economist at the National Association of REALTORS®. However when interest rates reached a record high of 7.79% in October 2023, the monthly mortgage payment was $3,420. According to Lautz, that is almost $285 more per month than the prices as of this week.

She continues, “Weekly mortgage rates are at their lowest level since May 2023.” The largest drop in mortgage interest rates in a single week has occurred in the last nine months. Those who refrained from purchasing a home while waiting for interest rates to drop: those rates have now dropped.

According to senior economist Sam Khater of Freddie Mac, the drop in mortgage rates should start to entice potential homebuyers and “pique their interest in making a move.” Furthermore, some current homeowners are already taking advantage of the opportunity to refinance thanks to the rate cut; the market share of mortgage applications for refinancing has reached nearly 42%, the largest since March 2022.

Article created from NAR

Filed Under: Mortgages, North Padre Island Beaches, North Padre Island Marina, North Padre Real Estate, Padre Island Business Association, Real Time MLS, realtors, rentals, selling a home, Whitecap NPI, windstorm insurance

PADRE ISLAND HOUSING REPORT – JUNE 2024

July 13, 2024 By

Corpus Christi Association of Realtors has posted the Padre Island Corpus Christi Housing Report for June 2024.

Our active listing median prices have risen the past month to $476,000 which is actually a 10.8% increase from where it was compared to last June at this time! CCAR shows us the data that has risen for active listings t0 49.3% with a total of 327 properties this past month compared to June 2023 while inventory also rose to 10.5 compared to 4.3 last year at this time.

Days on the market for sale decreased this past month with an average of 81 days and the highest categories for sales with 32.4% of all the sales being priced between $500,000 – $749,999. The market is very stable so far into 2024 with properties available across many pricing areas. Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

Forecasts for the June Consumer Price Index report agree that overall inflation continued to soften in June, thanks to falling prices for energy and used cars. Inflation has fallen dramatically from its peak of 9.1% in 2022. Still, the Federal Reserve has said it is awaiting more confidence that price pressures are easing toward its target before it begins to cut interest rates and loosen monetary policy.

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 Corpus Christi 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 Corpus Christi June 2024 Data (Click Pic below for Larger Image)

padre-island-corpus-christi-housing-report-June-2024

Filed Under: buying a home, Corpus Christ Real Estate Data, corpus christi, mustang island, New Homes Padre Island, North Padre Island, North Padre Real Estate, Padre Island Business Association, Padre Isles POA, property taxes, selling a home, Whitecap Development Project, Whitecap NPI, windstorm insurance

Corpus Christi’s Long-Term Water Needs

May 5, 2024 By

Addressing Corpus Christi’s Long-Term Water Needs

By Drew Molly, P.E., Chief Operating Officer of CCW

We all need water to survive, and communities are no different. Without water, communities are not able to
grow and thrive, let alone survive, so its importance to all of us cannot be overstated.
As a coastal community, Corpus Christi has a long, rich history, but none of this would have been possible
without the availability of fresh water. For years, communities in the Coastal Bend have relied on rivers and
manmade reservoirs to meet all of their water needs. However, as more people and businesses have found
their way to our region, this has put greater demands on all public services, including the availability of water.
Only relying on Mother Nature to consistently provide enough rainwater for Corpus Christi to prosper and
grow is no longer a viable solution. This is especially the case when considering the prolonged drought in our
Nueces River Watershed, and the direct impact it has on the reservoir levels of Lake Corpus Christi and Choke
Canyon.

Unfortunately, both the near- and long-term outlooks for getting enough rainfall to address the ongoing water
shortage are not promising. This is why many communities in South Texas are looking at ways to secure
reliable, drought-proof sources of water. Corpus Christi is leading this effort by proceeding with plans to build
a seawater desalination plant along the Inner Harbor that, when operational, will supply up to 30 million
gallons of clean water daily.

Adding this amount of new water to the current system is significant, as CCW (Corpus Christi Water) is
responsible for supplying water to more than 500,000 people in seven counties in the Coastal Bend. The city’s
existing sources of water – the Nueces, Lavaca Navidad and Colorado rivers and related reservoirs – will
remain important, but the addition of a high-capacity desalination plant that consistently generates millions of
gallons of clean, drinkable water will positively counteract the impacts that droughts are having on the system.
It should also be emphasized that the Inner Harbor Seawater Desalination Treatment Plant will be a much
needed second water treatment plant. The entire region depends on one water treatment plant, which was
constructed in 1954 and had one additional treatment module added in 1981. While this facility continues to
operate well, it is time for the Region to add a second facility that provides a completely new and drought-
proof water supply.

The stakes are high, but much thought and research has gone into the process, which is nearly 20 years in the
making. Besides adding much-needed water to the local supply, the new desalination plant will be fully
integrated into the city’s existing infrastructure and regional system, as well as lead to improvements in the
local power grid and create an estimated 3,500 construction-related jobs.
This is all being done in a fiscally responsible, sustainable way that ensures we have a resilient water supply for
years to come. Great care is also being taken to be environmentally responsible. In short, we are utilizing
science and data to make sure the project is safe for sea life and will have minimal impact on our existing
waterways.

Bottom line, seawater desalination is a sustainable and responsible solution that not only helps us meet the
city’s current and future demands for water, but it also provides a reliable, cost-effective and drought-proof

source of water for years to come using technology that is currently being used worldwide by many other
communities. To learn more about this important project, visit www.desal.cctexas.com.

Filed Under: Better Business Bureau, Corpus Christ Real Estate Data, corpus christi, Corpus Christi Foreclosures, Holiday Parties, Hurricane Aide, Local Food, Mortgages, mustang island, North Padre Island, North Padre Real Estate, Padre Island Business Association, padre island events, port aransas, Whitecap Development Project, Whitecap NPI, windstorm insurance

NORTH PADRE ISLAND HOUSING REPORT – MARCH 2024

April 23, 2024 By

Corpus Christi Association of Realtors has posted the North Padre Island Housing Report for March 2024.

Our active listing median prices have risen the past month to $480,000 this past month which is an 13.6% decrease from where it was compared to last March at this time! CCAR shows us the data that is increasing for active listings by 82.9% with a total of 278 properties this past month while inventory Has risen at 9.8 compared to 3.1 last year at this time.

Days on the market for sale increased this past month with an average of 90 days and the highest categories for sales with 32.2% of all the sales being priced between $400,000 – $399,999. The market is still staying very stable so far into 2024 with properties available across many pricing areas. North Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

The consumer price index climbed 3.5% year over year in March, according to data released today by the Bureau of Labor Statistics, faster than February’s 3.2% pace. Economists surveyed by FactSet had expected an annual increase of 3.4%.

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!

 

North Padre Island March 2024 Data (Click Pic below for Larger Image)

north-padre-island-housing-report-march-2024

Filed Under: Better Business Bureau, buying a home, Corpus Christ Real Estate Data, home maintenance, Mortgages, New Homes Padre Island, North Padre Real Estate, port aransas, property taxes, Real Time MLS, realtors, selling a home, Whitecap Development Project, Whitecap NPI

Flourishing Trends: Texas Real Estate Market Soars in February 2024

March 24, 2024 By

Flourishing Trends: Texas Real Estate Market Soars in February 2024

As February 2024 comes to a close, the Texas real estate market stands as a beacon of resilience and prosperity, reflecting a landscape marked by vibrant growth and promising opportunities. Amidst a backdrop of economic stability and burgeoning industries, the Lone Star State continues to attract investors, homeowners, and businesses alike, cementing its position as a powerhouse in the realm of real estate.

The consistent rise in property values across a range of market groups is one of the most notable aspects of the current situation. Demand for residential properties, from luxury estates to single-family houses, has significantly increased, pushing prices to all-time highs. This surge can be attributed to several factors, including a robust economy, favorable interest rates, and a steady influx of individuals relocating to Texas in pursuit of job opportunities and a high quality of life.

The real estate market has seen unparalleled activity in major metropolises like Austin, Dallas, and Houston, with sales volumes at previously unheard-of heights. Competitive bidding battles and quick transactions have resulted from the increased demand for residential properties caused by the attractiveness of living in an urban setting combined with a booming job market. Because of these advantageous circumstances, sellers frequently receive many offers over asking price, and buyers are encouraged to move quickly to secure their ideal houses in this fast-paced market.

Texas’s commercial real estate market is likewise seeing a boom, with renters and investors showing a keen interest in office buildings, retail stores, and industrial sites. The demand for commercial real estate assets has increased as a result of the state’s diversified economy, which is highlighted by strong industries like manufacturing, energy, technology, and healthcare. The increasing demand for office spaces and commercial properties in Texas is a result of corporations looking to establish or extend their presence in the state, offering developers and investors attractive prospects.

In addition, the Texas real estate industry is seeing a rebirth in terms of sustainability and creativity. Developers are responding to the changing tastes of contemporary consumers by integrating energy-efficient features and green building concepts into their projects, with an increasing focus on eco-friendly practices and smart technologies. Texas is leading the way in adopting environmentally friendly real estate techniques, with mixed-use complexes featuring sustainable design components and residential communities certified by LEED, thereby creating new benchmarks for the sector.

Looking ahead, the outlook for the Texas real estate market remains exceedingly optimistic, buoyed by favorable economic fundamentals and a steadfast commitment to innovation. While challenges may arise, such as fluctuations in interest rates or geopolitical uncertainties, the underlying strength of the state’s economy and its enduring appeal as a destination for homeowners and businesses will continue to drive growth and prosperity in the real estate sector.

In conclusion, February 2024 paints a picture of a thriving and dynamic real estate market in Texas, characterized by robust demand, rising property values, and a commitment to innovation and sustainability. As the state continues to chart a course towards prosperity, investors, homeowners, and businesses alike can find ample opportunities to thrive in this vibrant landscape.

Filed Under: buying a home, home maintenance, Investment Property, Mortgages, New Homes Padre Island, North Padre Real Estate, property taxes, realtors, selling a home, spring cleaning, Whitecap Development Project

NORTH PADRE ISLAND HOUSING REPORT – FEBRUARY 2024

March 12, 2024 By

Corpus Christi Association of Realtors has posted the North Padre Island Housing Report for February 2024.

Our active listing median prices have dipped the past month to $403,700 this past month which is an 1.6% decrease from where it was compared to last Febuary at this time! CCAR shows us the data that is increasing for active listings by 82.3% with a total of 257 properties this past month while inventory Has risen at 8.6 compared to 2.8 last year at this time.

Days on the market for sale increased this past month with an average of 86 days and the highest categories for sales with 40.0% of all the sales being priced between $300,000 – $399,999. The market is still staying solid so far into 2024 with properties available across many pricing areas. North Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

We learned this morning that inflation as measured by the Consumer Price Index was 0.4 percent in February and 3.2 percent over the past year. Core inflation, which leaves out volatile food and energy prices in order to better parse inflation’s underlying trend, was also 0.4 percent over the month and 3.8 percent over the last year.

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!

 

North Padre Island Febraury 2024 Data (Click Pic below for Larger Image)

north-padre-island-housing-report-december-2023

Filed Under: buying a home, Corpus Christ Real Estate Data, corpus christi business, Corpus Christi Foreclosures, home maintenance, Investment Property, Mortgages, New Homes Padre Island, North Padre Island, North Padre Real Estate, property taxes, Real Time MLS, realtors, selling a home, spring cleaning, Whitecap Development Project

NORTH PADRE ISLAND HOUSING REPORT – DECEMBER 2023

January 23, 2024 By

Corpus Christi Association of Realtors has posted the North Padre Island Housing Report for December 2023.

Our active listing median prices have risen the past month to $465,750 this past month which is a whopping 34% increase from where it was compared to last December at this time! CCAR shows us the data that is increasing for active listings by 59.4% with a total of 212 properties this past month while inventory Has risen at 6.6 compared to 2.5 last year at this time.

Days on the market for sale increased this past month with an average of 62 days and the highest categories for sales with 27.3% of all the sales being priced between $500,000 – $749,999. The market is still holding quite well moving into 2024 with properties available across many pricing areas. North Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.4 percent over the last 12 months to an index level of 306.746 (1982-84=100). For the month, the index decreased 0.1 percent prior to seasonal adjustment.

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!

 

North Padre Island November 2023 Data (Click Pic below for Larger Image)

north-padre-island-housing-report-december-2023

Filed Under: buying a home, Mortgages, New Homes Padre Island, North Padre Island, North Padre Island Marina, North Padre Real Estate, property taxes, Real Time MLS, realtors, selling a home, Whitecap Development Project, Whitecap NPI

NORTH PADRE ISLAND HOUSING REPORT – NOVEMBER 2023

December 24, 2023 By

Corpus Christi Association of Realtors has posted the North Padre Island Housing Report for November 2023.

Our active listing median prices have stayed steady the past month to $400,000 this past month which is a 8.6% increase from where it was compared to last November at this time! CCAR shows us the data that is increasing for active listings by 70.2% with a total of 240 properties this past month while inventory Has risen at 7.3 compared to 2.6 last year at this time.

Days on the market for sale decreased this past month with an average of 42 days and the highest categories for sales with 42.9% of all the sales being priced between $300,000 – $399,999. The market is still quite stable moving into 2024 with properties available across many pricing areas. North Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in November on a seasonally adjusted basis, after being unchanged in October, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the all items index increased 3.1 percent before seasonal adjustment.

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!

 

North Padre Island November 2023 Data (Click Pic below for Larger Image)

north-padre-island-housing-report-october-2023

Filed Under: Better Business Bureau, Corpus Christ Real Estate Data, Investment Property, North Padre Real Estate, property taxes, Real Time MLS, realtors, selling a home, Whitecap NPI

BBB Tip: Avoiding online purchase scams and impostors this holiday season

December 3, 2023 By

As the holiday season approaches, Better Business Bureau (BBB) urges consumers to
remain vigilant against a surge in online scams that could threaten their festive spirit.
During the past five years, Texas residents have reported losing $17.5 million to scams,
21% due to online purchases. BBB has identified online purchase scams as the No. 1 riskiest
scam encountered by North American consumers in both the 2021 and 2022 Scam Tracker
Risk Report, and are often enacted by impersonating reputable businesses.

Since 2018, losses to online purchase scams reported to BBB by Texas residents have
significantly increased during two times of the year – early spring and the holiday season – while the number of reports
peaks during the summer months. Often, a sense of urgency and the fear of missing out on a great deal
for a highly desired product are key influences if an online shopper loses money to a fraudulent seller. The holiday
season is a busy time for most people as they purchase gifts, make travel plans, prepare
holiday dinners, and get their homes ready for family and friends. In many cases, shoppers
do not have the time to verify the legitimacy of an online seller as thoroughly as they
typically do at other times of the year, and the existence of Black Friday, Cyber Monday, and
other holiday promotions introduce difficulties in determining when a deal is “too good to
be true.”

“It is important for online shoppers to protect themselves while interacting with digital
marketplaces throughout the year, but especially during the holiday season when scammers
are out in force to take advantage of shoppers,” said Heather Massey, vice president of
communications and community relations for Better Business Bureau serving the Heart of
Texas.
No matter the scheme, a key tactic of scammers is to disguise themselves as a reputable
business or government agency (known as an impostor scam), and this strategy is more
successful during the holiday season. Impostor scams have been identified as the No. 1
most reported fraud to the FTC’s Consumer Sentinel Network since 2017, with a median
loss of $1,000 in recent years. BBB’s 2022 Scam Tracker Risk Report found some of
the most commonly impersonated companies include Amazon, Geek Squad, Publishers
Clearing House, and the U.S. Postal Service. With more people ordering products online and
expecting deliveries, fraudulent notifications about shipping issues or suspicious activity on
an account from an impostor have a greater likelihood of being taken seriously, which often
means a greater chance of losing money or personal information.

With $1.2 million reported lost across nearly 1,400 reports, the impact of online purchase scams on
Texas residents this year has already broken 5- year records, and the holiday season will likely
see these numbers increase. While BBB is concerned about these record-breaking numbers, they do not
reflect the emotional, physical, and mental stress associated with falling victim to a scam, nor the
long-lasting effects it has on an individual’s confidence to navigate a complex marketplace without
being taken advantage of.

“Our goal is to empower consumers to recognize the signs of a scam and to give them the
confidence to trust themselves when something doesn’t feel right,” said Massey. “Research
conducted by BBB found that nearly 75% of people who encountered a scam but did not
lose money simply felt something wasn’t right about the situation, so they walked away. The
next two most powerful defenses are to be generally aware of scam tactics and to research
the offer.”
This holiday season, BBB provides the following tips to help Texas residents avoid online
scams, impostors, and counterfeit items:
Use protected payment methods. BBB research found that people who pay with a credit
card or PayPal are more likely to recover their funds after sending money to a scammer.
However, with PayPal, a buyer should not send money using the platform’s Friends and
Family method. If an online seller directs you to use PayPal’s Friends and Family method, it
is most likely a scam because they know PayPal’s protection policies do not cover money
sent through that system in the same way as a business transaction.

Be wary of social media ads. Social media is a great way to stay connected with friends
and family, and it is also a great way to get exposed to a lot of different products that
appeal to you. However, not everything advertised on a social media platform is legitimate,
and scammers can easily create sponsored advertisements that will appear on your news
feed. If interacting with a social media ad, take a minute to verify it has routed you to the
right website. Better yet, go directly to the website on your own and search for the
advertised product.

Avoid links provided in unsolicited emails or text messages. If you receive an
unsolicited text message with a link, avoid following it. In many cases, there is no way of
knowing where that link will direct you, and even if you arrive at a website that appears to
look official, it could very well be a lookalike website. It may automatically download
malware on your device. If you receive a notification regarding suspicious activity on an
online account, verify the facts by contacting the company using a known and trusted
method, such as their official mobile app or the contact number on a recent bill.

Review protection policies. Become familiar with the protection policies established by
the agency or company you are being contacted by. Many companies and government
agencies prohibit their official representatives from asking you to verify personal or account
information over the phone or through email. If you ever have doubts about someone’s
legitimacy, it is best to hang up and contact the company through another method to
double-check that everything is in order.

Verify you are at the right website. Pay close attention to see if any special characters
are replacing letters, such as the Greek alpha (α) instead of ‘a’, and the domain and
subdomain match the official company website. While looking through the URL, take a
second to verify the website is secured. Poor grammar is also a good indication that a
scammer may have put together a website hastily. However, this is something that they are
getting better at avoiding, due in large part to AI content creation tools. Check the age of
the domain – a well-known company isn’t likely to have just registered their website in the
past few years.

For more information about how to avoid holiday-related marketplace issues this year,
visit BBB.org/Holiday.
If you or someone you know has been affected by a scam or unethical business practice,
report it to BBB through an official business complaint or Scam Tracker report. Information
provided may help another person from being affected and assist BBB in recognizing trends
in marketplace behavior.

Filed Under: Better Business Bureau, buying a home, chamber of commerce, corpus christi business, corpus christi jobs, cybersecurity, Holiday Parties, Investment Property, Mortgages, North Padre Real Estate, padre island events, selling a home, Water Exchange Bridge, Whitecap Development Project

BBB Business Scam Alert: Entrepreneurs beware of fake marketing services for small businesses

November 25, 2023 By

Small business owners are passionate, dedicated individuals who have accumulated years of
expertise in an industry. Through time and experience, they often have found ways to
improve processes and use that knowledge to the benefit of their customers and clients.
However, one aspect of business ownership they may not be as familiar with is marketing.
Many small business owners turn to marketing agencies and firms to handle their online
presence or advertisement needs. Unfortunately, the demand for these services opens the
opportunity for scammers to take advantage of small business owners. BBB Scam Tracker
receives multiple reports across the nation of phony businesses tricking small business
owners into signing monthly contracts for services that are never rendered.

How the Scam Works
A small business owner seeking a low-cost marketing service discovers a company that
offers exactly what they are looking for. The company may claim to offer public relations,
search engine optimization or other general marketing support for a low monthly fee, often
promising amazing results.

Once a small business owner signs up and submits payment, the company becomes difficult
to communicate with. They may constantly postpone or delay promised marketing
materials, such as social media posts, graphics or logos. In many cases, getting in touch
with the company once payment has been processed becomes nearly impossible and
attempts to cancel the service go unanswered, requiring the business owner to cancel the
card associated with the account.

How to Spot Fake Services
Research companies thoroughly before hiring. Spend the time to research and get to
know the company well before contacting them. Make sure their website is professional and
their social media accounts are real. Search for customer complaints and reviews about
their services on BBB.org. Legitimate marketing companies take pride in their digital
presence because it is often the most-requested service of their clients and provides an
opportunity to demonstrate their capabilities. Use this chance to evaluate how the company
positions or advertises itself and whether it would be a good fit for your business needs.
Check the contact information. If the company possesses both a social media presence
and a professional website, be sure to check for their contact information. If the company
has no telephone number or physical address, that is a sign it may not be legitimate. If a
telephone number is listed, call it to make sure it is in service and verify the physical
address is associated with the company name by searching online. Scammers will often use
the addresses for vacant properties for their own purposes.

Reach out to references. Reach out to the references provided by a company to verify
they have not been fabricated. Make certain it is possible to contact the people on the list
and research their names online to make sure they are real people with legitimate small
businesses. Keep in mind that online testimonials posted on websites or on some review
platforms can be fabricated. Learn more about BBB’s review vetting process on BBB.org.

Understand what you are paying for. A reputable company will be able to clearly
describe their services and the expected timeline to receive marketing materials before a
potential customer pays for those services. Spend the time to understand the services, their
scope, how they will be delivered (email, mail, social media posting, etc.) and when they
will be provided. If any of these elements are unclear or if details about payments are
vague, look elsewhere for services.

Use protected payment methods. Be cautious of any company that insists on payment
for services by wire transfers, gift cards or pre-paid debit cards. If someone demands
payment in one of these ways, it is probably a scam. Even if using a trusted company, BBB
recommends always paying with a credit card for the additional protections it provides in
case problems arise and you would like to dispute charges.
For more information visit BBB.org/BizHQ.

Filed Under: Better Business Bureau, chamber of commerce, Corpus Christ Real Estate Data, corpus christi business, corpus christi jobs, cybersecurity, hispanic chamber of commerce, Mortgages, North Padre Real Estate, padre island events, property taxes, Real Time MLS, Restaurants, Retail Tax, windstorm insurance

NORTH PADRE ISLAND HOUSING REPORT – OCTOBER 2023

November 13, 2023 By

Corpus Christi Association of Realtors has posted the North Padre Island Housing Report for October 2023.

Our active listing median prices have risen the past month to $450,000 this past month which is a 9.8% increase from where it was compared to last October at this time! CCAR shows us the data that is increasing for active listings by 60.8% with a total of 246 properties this past month while inventory Has risen at 7.2 compared to 2.8 last year during the month of October.

Days on the market for sale increased this past month with an average of 72 days and the highest categories for sales with 33.3 % of all the sales being priced between $300,000 – $399,999. The market is still quite stable moving into our short winter with properties available across many pricing areas. North Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of October 2023 is 3.3%. If 3.3% is the actual year-over-year increase in the CPI, it will mark the first decline in the consumer price index relative to the previous month since June 2023. This begins to show that inflation may be softening a bit as we head into the end of 2023.

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!

 

North Padre Island October 2023 Data (Click Pic below for Larger Image)

north-padre-island-housing-report-october-2023

Filed Under: buying a home, Corpus Christ Real Estate Data, corpus christi jobs, Corpus Christi Schools, home maintenance, Investment Property, Mortgages, New Homes Padre Island, North Padre Island, North Padre Real Estate, Real Time MLS, realtors, selling a home, Whitecap Development Project, Whitecap NPI

TEXAS HOUSING REPORT – AUGUST 2023

October 19, 2023 By

The residential real estate market in Texas had a successful month in August. Total home sales increased by 9.5 percent on the consumer side and construction permits increased by 5.3 percent on the supplier side despite continuously high loan rates. After seven straight increases, the median price fell amid the growth for the first time. Although the price decline appeared significant, it was just $800 and might be an indication of a balanced market. The housing market does not indicate any big turbulence anytime soon because many sellers are trapped with pandemic-era low rates and many purchasers are finding it difficult to keep up with rising costs. Rebounded Home Sales Speed up Market Time by Two Days Amid a slowdown in the real estate industry, Texas’ total home sales improved from last month’s
three-year low after reaching over 27,000 transactions in August. The sales activity picked up at an impressive rate of 9.5 percent month-over-month (MOM), albeit the activity level was still 8 percent lower than last year’s reading. Sales ticked up uniformly this month in all four major metros, growing between 0.8 percent to 9.7 percent.

READ FULL REPORT HERE FROM TEXAS A&M UNIVERSITY (CLICK HERE)

Filed Under: buying a home, Corpus Christ Real Estate Data, corpus christi, Investment Property, Mortgages, New Homes Padre Island, North Padre Real Estate, realtors, rentals, selling a home, Whitecap NPI

NORTH PADRE ISLAND HOUSING REPORT – SEPTEMBER 2023

October 12, 2023 By

Corpus Christi Association of Realtors has posted the North Padre Island Housing Report for September 2023.

Our active listing median prices slightly dipped the past month to $389,500 this past month which is a 4.5% decrease from where it was compared to last September at this time! CCAR shows us the data that is rising for active listings by 65% with a total of 236 properties this past month while inventory Has risen at 6.6 compared to 2.6 last year during the month of September.

Days on the market for sale dipped this past month with an average of 51 days and the highest categories for sales with 34.6 % of all the sales being priced between $300,000 – $399,999. The market is stable moving into fall with properties available across many pricing areas. North Padre Island’s newest development Whitecap NPI has started sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

The Consumer Price Index (CPI) showed inflation rose 0.4% over last month and 3.7% over the prior year on a headline basis in September, a deceleration from August’s 0.6% month-over-month increase and in line with August’s 3.7% annual rise. Both measures were slightly higher than economist forecasts for a 0.3% month-over-month increase and a 3.6% annual increase, according to data from Bloomberg.

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!

 

North Padre Island September 2023 Data (Click Pic below for Larger Image)

north-padre-island-housing-report-september-2023

Filed Under: buying a home, Corpus Christ Real Estate Data, Investment Property, mustang island, New Homes Padre Island, North Padre Island, North Padre Real Estate, property taxes, Real Time MLS, realtors, selling a home, Water Exchange Bridge, Whitecap Development Project

NORTH PADRE ISLAND HOUSING REPORT – AUGUST 2023

September 15, 2023 By

Corpus Christi Association of Realtors has posted the North Padre Island Housing Report for August 2023.

Our active listing median prices fell the past month to $389,000 this past month which is a 2.3% decrease from where it was compared to last August at this time! CCAR shows us the data that is rising for active listings by 41.8% with a total of 217 properties this past month while inventory Has risen at 5.6 compared to 2.8 last year during the month of August.

Days on the market for sale are increasing from last month with an average of 59 days and the highest categories for sales with 26.8% of all the sales being priced between $300,000 – $399,999 and $500,000 – $749,999. The market is moving forward nicely this summer with properties available across many pricing areas. North Padre Island’s newest development Whitecap NPI is set up to start sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

Headline Inflation measured by the Consumer Price Index (CPI) was 0.6 percent in August and 3.7 percent over the previous year. Both of these rates were higher than recent figures on inflation, and the main driver of the increase was the rise in retail gasoline prices in August. fuel provided 34 basis points, or slightly more than half, of the overall monthly CPI, which increased by 10.6 percent over the course of the month (the price of fuel has decreased by 3.3 percent over the last year).

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!

 

North Padre Island August 2023 Data (Click Pic below for Larger Image)

north-padre-island-housing-report-august-2023

Filed Under: Corpus Christ Real Estate Data, Corpus Christi Foreclosures, Mortgages, mustang island, New Homes Padre Island, North Padre Island, North Padre Real Estate, port aransas, property taxes, Real Time MLS, realtors, Upper Padre Island, Whitecap NPI

NORTH PADRE ISLAND HOUSING REPORT – JULY 2023

August 18, 2023 By

Corpus Christi Association of Realtors has posted the North Padre Island Housing Report for July 2023. Our active listing median prices rose the past month to $425,000 this past month which is a 17.6% increase from where it was compared to last July at this time!
CCAR shows us the data that significantly rising for active listings by 44.5% with a total of 2224 properties this past month while inventory Has risen at 5.5 compared to 2.8 last year during the month of July.

Days on the market for sale are declining from last month with an average of 47 days and the highest categories for sales with 31.0% of all the sales being priced between $500,000 – $749,999. The market is moving forward nicely this summer with properties available across many pricing areas. North Padre Island’s newest development Whitecap NPI is set up to start sales of their lots in Phase 1, If you haven’t visited their trailer yet be sure to contact us so that we can get you a priority visit with them.

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in July on a seasonally adjusted basis, the same increase as in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.2 percent before seasonal adjustment.

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!

 

North Padre Island July 2023 Data (Click Pic below for Larger Image)

north-padre-island-housing-report-july-2023

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Home Sales Declining While Prices Soar to Record Highs

July 21, 2023 By

As the housing market struggles with a severe inventory constraint, existing-home sales continued to decline in June, while home buyers push up prices showing significant demand.

The most recent housing data from the National Association of REALTORS® shows that the median sale price of an existing property in June was $410,200, the second-highest amount ever seen in the previous 24 years. According to NAR data, the record high of $413,800 was achieved a year ago. According to Lawrence Yun, the chief economist for the NAR, home sales decreased in June, while home prices remained stable across most of the nation. “Limited supply continues to encourage multiple offers, with one-third of homes selling for more than the asking price.”

Homes are moving quickly off the market: According to NAR data, 76% of houses that were sold in June were available for less than a month. There were only the market for an average of 18 days.

Despite Obstacles, Buyers Are Confident

The majority of Americans still seem eager to buy a home despite high home prices, high mortgage rates, and a lack of housing options. The most recent Mortgage Service Index from TD Bank shows that 54% of consumers believe that the moment is right to make a purchase. However, the survey also reveals that home buyers are anxious, listing inventories and mortgage rates as two of their top stresses.

The scarcity of available properties is an issue for prospective buyers of real estate: At 1.08 million units, the total housing inventory at the end of June remained historically low. According to data from NAR, inventory is down 13.6% from a year earlier. Yun claims that there aren’t enough houses available for purchase. “A doubling of inventory can be easily absorbed by the market.”

However, recent data from the Census Bureau reveal that new home construction was down last month and isn’t making up the difference. Following four consecutive months of growth, production of single-family homes fell by 7% annually in June. The National Association of Home Builders attributed a decline in homebuilding activity and worsening affordability conditions for purchasers to higher construction costs and rising mortgage rates.

Regional Breakdown

Sales varied across the country last month, with the Northeast posting gains, the Midwest holding steady, and the South and West reporting decreasing sales, NAR’s report shows. All four regions recorded year-over-year sales declines.

  • Northeast: Existing-home sales rose 2% month over month to an annual rate of 510,000 but are down 21.5% from a year ago. Median price: $475,300, up 4.9% from the prior year.
  • Midwest: Sales were unchanged from a month ago at an annual rate of 990,000, falling 19.5% from one year ago. Median price: $311,800, up 2.1% from June 2022.
  • South: Sales decreased 5.4% from May to an annual rate of 1.91 million, a decrease of 16.2% compared to the previous year. Median price: $366,600, down 1.2% from a year ago.
  • West: Sales fell 5.1% from the previous month to an annual rate of 750,000, down 22.7% from a year ago. Median price: $606,500, down 3.4% from June 2022.

Data sourced from NAR

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NORTH PADRE ISLAND HOUSING REPORT – JUNE 2023

July 7, 2023 By

Corpus Christi Association of Realtors has posted the North Padre Island Housing Report for June 2023. Our active listing median prices fell slightly the past month to $433,250 this past month which is 3.2 % increase than where it was compared to last June at this time!
CCAR shows us the data that significantly rising for active listings by 43.7% with a total of 217 properties this past month while inventory Has risen at 5.2 compared to 2.7 last year during the month of June.

Days on the market for sale are declining from last month with an average of 58 days and the highest categories for sales all with 22.2% of all the sales being priced between $300,000 – $749,999. The market is dramatically moving forward this summer the summer with properties available in many pricing categories. The North Padre Island’s newest development Whitecap NPI is nearly ready to start selling properties and we will have sales information shortly. The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in June on a seasonally
adjusted basis, after increasing 0.1 percent in May, the U.S. Bureau of Labor Statistics reported today. The monthly increase in all goods was primarily driven by the index for housing, which contributed more than 70% of the increase. Over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment. We will watch mortgage rates carefully each month, but it actually has not hindered prices locally.

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 June 2023 Data (Click Pic below for Larger Image)

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