The Local Real Estate Market continues to stay in a very positive direction with prices!
The Coastline Team along with the Corpus Christi Association of Realtors continues to keep a sharp eye on market conditions…The 2 notable areas we continue to watch are the decrease in inventory, and a standard 30-year rate fixed mortgage now up a little over 1.5% from the start of the year averaging 4.56% according to BankRate.com
Days on the market for sale have increased now to an average of 103 days on the market. 41.8% of all the sales in January were priced between $200,000 – $399,999. The Median Price of homes has risen additionally by 8.3% to a price of $390,000. The market is certainly holding steady and it’s still a very good time to list your home with inventory still quite low and the spring buyers are already out looking.
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 February 2022 Data (Click Pic below for Larger Image)
