The N Padre Island Housing numbers are in for December 2021
The Median Price is $367,000, which is up 16.5% Compared to December 2020.
The Price Distribution is as follows:
$0 - $ 99,999 = 0%
$100,000 - $199,999 = 7.6%
$200,000 - $299,999 = 20.8%
$300,000 - $399,999 = 24.5%
$400,000 - $499,999 = 18.9%
$500,000 - $749,999 = 18.9%
$750,000 - $999,999 = 5.7%
$1,000,000+ = 3.8%
The Active Listings on the Market for Sale are down 32.1%, with only 95 in December 2021
Closed Sales are down 10% with 54 in December 2021.
The Days on the Market is 54 with 36 days to close, making homes on the market 90 days. This is 8 days less than December 2020.
There is currently 1.7 Months of Inventory available for sale on N Padre Island in Corpus Christi, TX - Compared to 2.2 in December 2020.
The low inventory, along with the cost of materials, is driving the pricing up. It is a great time for sellers to sell, and Interest Rates are still at an all-time low. It is still a great opportunity for Buyers to come into the Market.
This information is being provided by the Corpus Christi Association of REALTORS®. Data in this report comes from the Texas REALTOR® Data Relevance Project, a partnership among the Texas Association of REALTORS® and local REALTOR® associations throughout the state.
Analysis is provided through a research agreement with the Real Estate Center at Texas A&M University. We are thankful for their research and for providing this data to the Corpus Christi Association of REALTORS® each month.
If you are looking to buy or sell in the Coastal Bend. With over 30 Years of Combined Experience Selling the Island, Corpus Christi, and Surrounding Areas. If you are looking for Expert Assistance, give us a call.
We would love the opportunity to assist you with your sale or purchase!
Make it a Great Year and Be Blessed!
