Port Aransas Real Estate Market - View Port Aransas Real Estate Market Trends in Texas

Spring 2012 Market Update Looking for something special? Let me help you find the beach house you’ve been looking for! I am a buyer’s agent specialized in Texas coastal vacation property. There are a lot of issues and obstacles to navigate when purchasing a vacation property. Who is looking out for you? Protect yourself with an experienced buyer’s agent who will represent you and your interests. Contact me to find your vacation property today! Best, Marcus 512.921.3111
Average Home Price	$225,000 - View Graph Trend

Average Price Compared to Last Year	Up 0-5%

Average Time on Market	90-120 days

Best Selling Price Range	$300,000 - $349,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Port Aransas is	Increasing

Seller Activity for the past 90 days in Port Aransas is?	Decreasing

Multiple Offers?	No

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	5-10%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Many of the properties we handle are second homes. Financing for second homes has tightened over the past two years, but well qualified buyers are not having problems finding loans. 20% down loans are pretty much the only programs available.

Housing Inventory	Good supply - Some Prices

Inventory Comments	There has been a general decrease in the number of available homes and an increase in the number of available condos. New developments have been very popular in Port Aransas, specifically Cinnamon Shores and Village Walk. Older homes in Port Aransas are solid but have been lagging behind the newer developments.

Greatest Activity	Investors

Reason to Buy/Sell	There is tremendous growth on the Texas coast with new developments of all shapes and sizes. Currently, Texas has the world's 12th largest economy and is also home to the least expensive coastal real estate in the United States. Furthermore, available Texas coastline is dwindling. Of the 375 miles that make up the Texas coast, 293 are unavailable (State and Federal preserves and parks), 56 miles are fully developed and only 26 are still available. These numbers show what will become a staggering imbalance in the market. The Port Aransas real estate market looks to be strong this year. Many people are investing in real estate to protect from inflation. We have seen a lot of people get rid of their stock investments and park their money in a beach house. They a hoping to hedge against inflation, ride the appreciation up and enjoy their investment.

Nearest Metro Area	Corpus Christi

Housing Hot Spots	'Housing Hotspots' in Port Aransas have been: Cinnamon Shores, Royal Palms, Island Moorings and Village Walk.

Average Sold Price	$225,000 - View Graph Trend

Port Aransas Local News

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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