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Texas Gulf Coast Real Estate Market Analysis Menu |
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Texas Gulf Coast Market Report Card |
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| | | Texas' lower cost of living is drawing retirees from Florida and California," said Charles F. Longino Jr., author of Retirement Migration in America. "They're selling their $500,000 houses, buying $250,000 homes in Texas and putting the rest into their retirement nest eggs." | The Texas Gulf Coast market finished the year with unseasonably strong and improving sales. The South Padre Island area finally had year-to-date sales month figures higher than the year before, and homes across the coast appreciated in value an average over six percent, making us one of the highest appreciating markets in the country. The loan star state housing market continues to shine!
The Crystal Beach Bolivar area is our best value pick, with strong rental demand and low prices compared to the other Texas resort markets. You can invest in beachfront property and have it pay for itself, while you wait for it to double in value as that market levels out with the rest of the Texas Coast. The area just implemented modern water and sewer systems that made resort developments possible, and there are currently five major resort developments now underway.Overbuilding and excess inventory of new homes and condominiums are principal concerns on the Texas Gulf Coast, especially on the west-end of Galveston Island. Trends in the new home market so far are favorable,. Housing Predictor forecasts more than 250 local housing markets futures in all 50 U.S. states. Eighteen states' markets are appreciating, including Texas and New Mexico, which are the strongest appreciating states in the nation. Homeownership remains significantly more affordable in Texas than in the nation as a whole. |
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The property information for this site is obtained from the Multiple Listing Services (MLS) of each local area, local participating brokers, local developers, local news sources and the Internet. All information contained herein is believed accurate but is NOT warranted or guaranteed and should be independently verified prior to any purchasing or selling decision. | |
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 Real Estate valuations tend to respond to regional and local influences; there is no single real estate market. The levels of jobs, population growth, local economic conditions, weather patterns and proximity to waterfront are just some of the factors to consider.
Then there are the numbers. Typically buyers and sellers look at the price appreciation and sales. These are important numbers, but not sufficient to determine future issues related to supply and demand.
We suggest you also consider the sales rate, current inventory and the average price spread between list prices and sold prices. With these numbers you can get an idea about which direction prices will be heading in the near future.
Another factor to consider is the interest rate and how that will impact a buyer's ability to afford the different types of property. For example, land in a desirable area like the Texas Gulf Coast will be more affordable across a broader range of buyers than higher-end planned housing developments should appreciation or interest rates push the cost of ownership to high.
One more thing, a desirable and improving market like the Texas Gulf Coast will always have some measure of value above that of a typical real estate market and will also exhibit a greater degree of stickiness in price during normal market corrections because second home owners are generally in no great need to sell. “[Waterfront property] appreciates faster in good times and declines in value at a slower rate in bad times,” says Alan Hummel, past president of the Appraisal Institute and chief appraiser of Forsythe Appraisals.
Real Estate agents are often accused of always painting a rosy picture of the market regardless of what's really happening, and so we are exposing the actual numbers so you can judge for yourself.
Please contact us If you would like more detailed information or explanations behind any of the numbers and trends.
 Explore the Texas Gulf Coast
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Contact Texas Gulf Coast Online |
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Now You can explore the trends in our marketplace and make better decisions.
Contact us for more in depth analysis or to explain the meaning behind the trends. Registered users have access to even more analysis tools and data. |
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- "Our goal as a brokerage is to offer you more value and service then you'll get anywhere else throughout your entire relationship with us!" - Alice Donahue Stuart
- "You need the right information and need someone acting in your best interests to help you interpret and apply it to your particular needs and situation. We are here to help you when you need us." - Mike Stuart
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- "Trust but verify" - Ronald Reagan
- "The farther backward you look, the farther forward you can see." - Winston Churchill
- “Thinking is the hardest work there is, which is probably why so few people engage in it.” - Henry Ford
- "Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks." - Warren Buffett
- "What a man has to do to become rich in America is find out where people are going, get there first, and buy land." - Douglas MacArthur
- "Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming financially independent. For real estate is the basis of wealth." - Theodore Roosevelt
- "Plans fail for lack of counsel, but with many advisers they succeed." - Proverbs 15:22
- "For what shall it profit a man if he shall gain the whole world but lose his own soul." - Jesus Christ
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| |  | Membership: |  | Latest:munizpediatrics |  | New Today:6 |  | New Yesterday:2 |  | Overall:4465 |
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| | The more you know, the easier it is to make a smart decision!
Remember that we are standing by to help explain the meaning behind the trends and how they affect your situation. |
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