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Texas Gulf Coast Real Estate Market Analysis Menu |
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Texas Gulf Coast Market Report Card |
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The Texas Gulf Coast market is under a severe slowdown from a "once in a century" devastating set of hurricanes this summer.
It is a time of opportunity for our coastal area and the end results will be a better looking and a better built hurricane resistant marketplace when it's all said and done.
The Crystal Beach Bolivar area sustained massive damage from Hurricane Ike, as did Galveston's west-end. It will take years for these areas to recover. Even in the worst hit areas, homes that were built hurricane resistant survived. This has spurred an interest in hurricane resistant home construction.
The new modern high rises in Galveston were unscathed and the areas behind Galveston's mighty seawall were damaged only by flooding and to a much smaller degree. Once again Galveston's seawall saved most of the city from the worst storm in recorded history. The behind the seawall modern high rise condo market in Galveston is booming.
South Padre has now recovered from Hurricane Dolly and the resort area is effectively back in operation. South Padre's white sands, blue water and tropical climate continues to draw tourists and second home owners from all over the nation - and Mexico and Canada.
The Port Aransas Mustang Island area was not affected by either hurricane, and the high dunes and stringent setback rules on Mustang Island, would have protected much of the housing anyway - according to the experts.Texas still has the strongest real estate market fundamentals in the nation, and homeownership remains significantly more affordable in Texas than in the nation as a whole. The future looks bright for the lone star state and the coastal area markets.
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The Texas Gulf Coast market is under a severe slowdown from a "once in a century" devastating set of hurricanes this summer.
It is a time of opportunity for our coastal area and the end results will be a better looking and a better built hurricane resistant marketplace when it's all said and done.
The Crystal Beach Bolivar area sustained massive damage from Hurricane Ike, as did Galveston's west-end. It will take years for these areas to recover. Even in the worst hit areas, homes that were built hurricane resistant survived. This has spurred an interest in hurricane resistant home construction.
The new modern high rises in Galveston were unscathed and the areas behind Galveston's mighty seawall were damaged only by flooding and to a much smaller degree. Once again Galveston's seawall saved most of the city from the worst storm in recorded history. The behind the seawall modern high rise condo market in Galveston is booming.
South Padre has now recovered from Hurricane Dolly and the resort area is effectively back in operation. South Padre's white sands, blue water and tropical climate continues to draw tourists and second home owners from all over the nation - and Mexico and Canada.
The Port Aransas Mustang Island area was not affected by either hurricane, and the high dunes and stringent setback rules on Mustang Island, would have protected much of the housing anyway - according to the experts.Texas still has the strongest real estate market fundamentals in the nation, and homeownership remains significantly more affordable in Texas than in the nation as a whole. The future looks bright for the lone star state and the coastal area markets.
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 Real Estate valuations tend to respond to regional and local influences; there is no single real estate market. The levels of jobs, population growth, local economic conditions, weather patterns and proximity to waterfront are just some of the factors to consider.
Then there are the numbers. Typically buyers and sellers look at the price appreciation and sales. These are important numbers, but not sufficient to determine future issues related to supply and demand.
We suggest you also consider the sales rate, current inventory and the average price spread between list prices and sold prices. With these numbers you can get an idea about which direction prices will be heading in the near future.
Another factor to consider is the interest rate and how that will impact a buyer's ability to afford the different types of property. For example, land in a desirable area like the Texas Gulf Coast will be more affordable across a broader range of buyers than higher-end planned housing developments should appreciation or interest rates push the cost of ownership to high.
One more thing, a desirable and improving market like the Texas Gulf Coast will always have some measure of value above that of a typical real estate market and will also exhibit a greater degree of stickiness in price during normal market corrections because second home owners are generally in no great need to sell. “[Waterfront property] appreciates faster in good times and declines in value at a slower rate in bad times,” says Alan Hummel, past president of the Appraisal Institute and chief appraiser of Forsythe Appraisals.
Real Estate agents are often accused of always painting a rosy picture of the market regardless of what's really happening, and so we are exposing the actual numbers so you can judge for yourself.
Please contact us If you would like more detailed information or explanations behind any of the numbers and trends.
 Explore the Texas Gulf Coast
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Contact Texas Gulf Coast Online |
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Now You can explore the trends in our marketplace and make better decisions.
Contact us for more in depth analysis or to explain the meaning behind the trends. Registered users have access to even more analysis tools and data. |
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- "Our goal as a brokerage is to offer you more value and service then you'll get anywhere else throughout your entire relationship with us!" - Alice Donahue Stuart
- "You need the right information and need someone acting in your best interests to help you interpret and apply it to your particular needs and situation. We are here to help you when you need us." - Mike Stuart
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- "Trust but verify" - Ronald Reagan
- "The farther backward you look, the farther forward you can see." - Winston Churchill
- “Thinking is the hardest work there is, which is probably why so few people engage in it.” - Henry Ford
- "Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks." - Warren Buffett
- "What a man has to do to become rich in America is find out where people are going, get there first, and buy land." - Douglas MacArthur
- "Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming financially independent. For real estate is the basis of wealth." - Theodore Roosevelt
- "Plans fail for lack of counsel, but with many advisers they succeed." - Proverbs 15:22
- "For what shall it profit a man if he shall gain the whole world but lose his own soul." - Jesus Christ
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Now You can explore the trends in our marketplace and make better decisions.
Contact us for more in depth analysis or to explain the meaning behind the trends. Registered users have access to even more analysis tools and data. |
|
- "Our goal as a brokerage is to offer you more value and service then you'll get anywhere else throughout your entire relationship with us!" - Alice Donahue Stuart
- "You need the right information and need someone acting in your best interests to help you interpret and apply it to your particular needs and situation. We are here to help you when you need us." - Mike Stuart
|
- "Trust but verify" - Ronald Reagan
- "The farther backward you look, the farther forward you can see." - Winston Churchill
- “Thinking is the hardest work there is, which is probably why so few people engage in it.” - Henry Ford
- "Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks." - Warren Buffett
- "What a man has to do to become rich in America is find out where people are going, get there first, and buy land." - Douglas MacArthur
- "Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming financially independent. For real estate is the basis of wealth." - Theodore Roosevelt
- "Plans fail for lack of counsel, but with many advisers they succeed." - Proverbs 15:22
- "For what shall it profit a man if he shall gain the whole world but lose his own soul." - Jesus Christ
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The property information for this site is obtained from the Multiple Listing Services (MLS) of each local area, local participating brokers, local developers, local news sources and the Internet. All information contained herein is believed accurate but is NOT warranted or guaranteed and should be independently verified prior to any purchasing or selling decision. | |
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| | The more you know, the easier it is to make a smart decision!
Remember that we are standing by to help explain the meaning behind the trends and how they affect your situation. |
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