North Padre Island Corpus Christi Housing Report Feb 2018

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Real Estate Agent with ULTIMA REAL ESTATE 0509570

 

North Padre Island Corpus Christi Housing Report Feb 2018

North Padre Island Housing Report Feb 2018

The Corpus Christi North Padre Island Real Estate Market for February 2018 is down compared to the same time last year.

Active listings are 8.8% with 330 active listings in February 2018.

Days on the market is 17 days more than February 2017 with 112 Days on the Market and 155 Days to close.

Closed Sales are Down 2.6% with 37 listings Sold in February 2018. 

Months of inventory for February 2018 is also down to 8 months of inventory compared to 8.5 months of inventory in February 2017. 

The medium home price for North Padre Island for February 2018 is $230,000.

 

There are a lot of factors that effect the housing market on North Padre Island.  Believe it or not, the weather has a lot to do with the market here.  Usually the weather is sunny and beautiful, but some years we actually have winter months with colder weather.  This was one of those years.   

The ecomony also effects the market.  With the recent hurricane, lots of winter Texas were not able to come to the area - Winter Texans come and look at property to purchase.  With Hurricane Harvey hitting Port Aransas there were not many places for these Winter Texas to stay, plus they didn't know the extent of the damage so they went elsewhere.

Moving Forward as we continue on towards spring, the market will pick up and more homes will come on the market.  More properties will begin to sell with interest rates still low, but possible interest rate hikes in the foreseeable future.

 

To search for homes in the 78418 Zip Code or For Homes For Sale on North Padre Island

Click here 

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Rainmaker
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Joyce Marsh, Daytona Beach Florida
Premier Sotheby's International Realty - Daytona Beach, FL
Certified Luxury Specialist and Interior Designer

Thank you for the current  real estate market update in your area. 

Apr 15, 2018 03:50 PM #1
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

I thank you for this helpful report on your local real estate market.

Apr 15, 2018 07:04 PM #2
Rainmaker
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Brenda J. Andrew
ULTIMA REAL ESTATE - Corpus Christi, TX
Professional Realtor in Corpus Christi, TX

Thanks for stopping by Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900 - I am a little behind but will be adding the March report soon.  Have a great day!

Apr 17, 2018 04:18 AM #3
Rainmaker
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Brenda J. Andrew
ULTIMA REAL ESTATE - Corpus Christi, TX
Professional Realtor in Corpus Christi, TX

Thank you for stopping by Joyce Marsh, Daytona Beach Florida .  Our weather is starting to heat up here and so is the market.  Have a great day!

Apr 17, 2018 04:25 AM #4
Ambassador
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Love the infographic market report-does your MLS produce it this way or do you create it?

Apr 17, 2018 09:24 PM #5
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Rainmaker
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Brenda J. Andrew

Professional Realtor in Corpus Christi, TX
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