People like beach condominiums on South Padre Island, great views, low maintenance, two bedrooms are the best value, easier to sell and provide the best CAP rate and ROI. More importantly, South Padre Island has a resort style beach, the best sand, sun, and turquoise water on the Texas coast, meaning it has a nice … Read more
The pandemic market bubble has coalesced the coastal DOMs (days on market) like never before, it will be interesting to see if these return to their pre-pandemic differences as each area adapts to reduced demand in 2023-2024. The pandemic market bubble increased prices in the second-home areas of Port Aransas, South Padre, and Crystal Beach … Read more
Price and days on market (DOM) are the best indicators of real estate performance on the Texas coast, and can be used year-round, despite our strong seasonal swings. Total sales and number-of-sales, volume metrics, are often used in metro real estate markets to gauge demand but are not accurate for our small coastal markets on … Read more
The dramatic decrease in Galveston’s total sales, while prices increased, clearly illustrates how our coastal markets are still at their peak but lack available and desirable listings. This also illustrates why price and days on market (DOM) are the best metrics to gauge the Texas coast real estate markets.
A building permit is official permission to initiate a new construction project, provided by the governmental department of building or the building regulators. The Building Permits report gathers the data on all new construction permissions granted for residential buildings, housing units, and commercial buildings within a specific time period. As a leading economic indicator, the Building Permits … Read more