The end of July, the median sale price on homes was 311,500 which is an increase of10.3% over last month here on Padre Island compared to last year at this time.
New land development projects continue to increase with the completion of Starbucks Coffee house at the development near the JFK causeway bridge called packery pointe. Also coming is a new development at Marker 37 than will bring a real fun coastal flair to the area.
Days on the market for sale has decreased to an average of 81 days on the market. 23.1% of all the sales in July were priced between $300,000 – $399,999. Closed Sales were up a whopping 50% in the month of July. The market is a soaring right now, there are some great bargains out there and with the interest rates holding low now is your chance to upgrade to that home you have been waiting for!
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 July 2020 Data (Click Pic below for Larger Image)
