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Market Trends
Commentary Provided byHannelore Schleicher If you can qualify, now is an exceptional time to buy a home in Corpus Christi. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 361-813-5152 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Corpus Christi | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $150,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $500,000 - $549,000 | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | Yes | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Corpus Christi is | No Change | ||
| Seller Activity for the past 90 days in Corpus Christi is | Increasing | ||
| Is Financing Available For Qualified Buyers in Corpus Christi? | Yes | ||
| Existing Home Prices for the past 90 days are | Decreasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 0-5% | ||
| Housing Hot Spots | Most cities within the Nueces County area are considered 'Housing Hotspots' | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Corpus Christi! | ||
| Average Sold Price | $150,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Hannelore Schleicher
Holtzclaw Herrmann Real Estate Company Corpus Christi, Texas 361-813-5152 hannelore@se-imagine.com Agent Home Page
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Corpus Christi Local News
News for Corpus Christi, TX - Monday October 5th, 2009 3:26pm
Finding the right neighborhood
Picking a neighborhood that fits your lifestyle and desires is an important part of the homebuying process. It can be challenging, though - there are so many things to consider.
For a lot of people, quality schools top the list of desirable neighborhood amenities. It may surprise you that being in an area with good schools is important even for people without children because good schools mean a higher resale value.
As unpleasant as it may be, the crime statistics of an area are important, too. Take your time and do your research on this one - there are plenty of resources out there, including local law enforcement resources, Web sites, even neighborhood Internet groups.
You may also want to consider transportation issues, such as how living in an area is going to affect your day-to-day errands, your commute, and the ease of access to public transportation and major thoroughfares.
Some people want to be in close proximity to healthcare facilities. Others find that having quick access to shopping centers or their favorite grocery store or restaurants is a top priority. Still others may value features such as public pools and parks, access to bike routes and jogging and walking trails.
The point is that everyone's list will be different. The key is to find a neighborhood that scores well in areas you deem important. That's a good place to focus your search efforts.
If you're able to find everything you're looking for in a neighborhood, good for you! However, if you're like many people, you may have to make some sacrifices. A neighborhood you're considering may score well on most of your checklist but not meet every single one of your criteria. That's when you have to decide if one missing attribute can be offset by the presence of another.
Source (Texas Association of Realtors®)


