Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Corpus Christi. Low rates, great selections with low prices and the cost of living below the state and national average makes a home purchase a great value! Call now for more information at 361-813-5152

Average Home Price $150,000 - View Graph Trend
Average Price Compared to Last Year Up 0-5%
Average Time on Market More than 120 days
Best Selling Price Range$100,000 - $149,000
Worst Selling Price Range$500,000 - $549,000
Prices As % of Asking Price 90-95%
Existing Home Prices for the past 90 days are?Increasing
Market Trend No Change
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Corpus Christi isIncreasing
Seller Activity for the past 90 days in Corpus Christi is?Increasing
Multiple Offers?Yes
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?5-10%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity First Time Buyers
Reason to Buy/Sell Low prices with good selection and competitive interest rates creates a perfect time to buy in Corpus Christi!
Nearest Metro AreaCorpus Christi
Housing Hot SpotsAll new housing development areas within Nueces County are considered ’Housing Hotspots’
Average Sold Price $150,000 - View Graph Trend

Corpus Christi Local News


News for Corpus Christi, TX - June 23rd, 2010 9:05am
Employment & Cost of Living

The unemployment rate of 7% in Corpus Christi, TX is below the state average of 8% and the national average of 10%. Some of the major employers in the city include the following: The Port of Corpus Christi, Corpus Christi Army Depot, Naval Air Station Corpus Christi, Whataburger, Corpus Christi Independent School District, Spohn Health System, and the H.E.B. Grocery Company.

The cost of living (% of the national average) in Corpus Christi, TX is 82%. Compared to the cost of living in Texas at 88% and the U.S. at 100%, Corpus Christi, TX is a very affordable place to live.

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®)

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Mortgage Rates
– May 28th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.82%
 15 yr. fixed rate:     3.11%
  30 yr. jumbo rate:  4.38%
  15 yr. jumbo rate:  3.61%

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Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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Hannelore Schleicher
Holtzclaw Herrmann Real Estate Company
Holtzclaw Herrmann Real Estate Company

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