As of the end of December, there were a number of waterfront homes on Padre Island, For Sale. The pricing ranged from $293,000 to $4,500,000.
There are many dry lot homes on Padre Island, For Sale.
The pricing ranges from $200,000 to $950,000.
Days on the market for sale has decreased to an average of 103 days on the market. 42.9% of all the sales in December were priced between $200,000 – $299,999. Closed Sales were up 2.9% in the month of December. People are eager to get the New Decade started.
2020 Will be a fabulous year for buyers, sellers and investors. Interest rates are supposed to remain low. A few new loan programs are coming out. Lots of new devlepment projects are happening on Padre Island including the New Park Rd. 22 which has gone through its final approval at City Council and construction should begin sometime after spring break.
Cheri Sperling is 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 are the most knowledgeable real estate office on Padre Island. No pressure style, patience, and intimate understanding of the local market. They go to work for you!
Padre Island December 2019 Data (Click Pic below for PDF)
