The Port Aransas real estate market had a pretty remarkable 2018 considering hurricane Harvey devastated our community in late August 2017. Although some businesses and homes are still being repaired, most fully recovered during 2018. As of early 2019, many of the large Gulf front condo buildings are still undergoing repairs/renovations. Several developments will likely not be completed until 2020.
Real estate prices in Port Aransas are down slightly from pre storm levels, but have not fallen as drastically as some predicted. In 2018 the average single-family home sold for $478,925 ($250sf) and condos were at $291,512 ($227.09). Residential lot pricing remained steady with the average sale priced at $151,132 ($24.59sf).
Early signs point to a strong market in 2019. As a reference, the high-end, master-planned communities on Mustang Island are routinely seeing residential sales prices in excess of $400sf.
Please contact me for information on the Port Aransas commerical real estate market which has seen a record level of activity since Harvey.
Monthly market updates are published on the Port Aransas real estate blog and this information will keep you informed on the hurricane Harvey recovery.