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)
