As of the end of November, there were 80 waterfront homes on Padre Island, For Sale. The pricing ranged from $298,000 to $4,500,000.
There are 73 day lot homes on Padre Island, For Sale.
The pricing ranges from $200,000 to $950,000.
Days on the market for sale has risen to an average of 141 days on the market. 35.5% of all the sales in November were priced between $200,000 – $299,999. No closings over $500,000 in the entire month of November. Sales were down 25.6% in the month of November. I believe people are thinking holidays.
We are looking forward to a much better 2020. Interest rates are supposed to remain low. A few new loan programs are coming out. Lots of new things happening on Padre Island. Happy Holidays!!
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 November 2019 Data (Click Pic below for PDF)
