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 South Padre Island has the most increase in buyer interest of all the Texas Gulf Coast regions.
We have people from all over the country and world planning to purchase property here when they retire and also that are waiting for the completion of some of the new major developments.
Now is a good time to buy the newer products on South Padre Island where no bank is involved with financing the development or look for bargains. If some of the bank owned properties are of interest to you, wait for them to come on the market.
Our tropical climate, blue water and white sands are always a big draw; in addition to, our remarkable new high-rises, our two-nation vacation and our strong real estate market values. Our median price is the highest on the Texas coast, nearly double that of Galveston, and we have the luxury of two nations coveting our tropical paradise.
We are concerned about bank owned properties and foreclosures in our area for 2010. If they hit the market all at once, we could see a drop in median price. Good news for buyers, bad news for sellers. There are over a 100 such properties identified but not for sale or on auction yet. We'll keep you posted when they are available and how you can get involved.
- There are bargains available and special incentives on our newer products.
- Owner financing options are available on many homes.
- Want to know what they are? Contact us soon, before they are all gone!
- Thinking about selling? Do it now before the bank owned properties hit the market and lower the median price.
- Do you have any special data analysis requests?
Contact us, we have a complete data warehouse of information regarding our market and would be delighted to assist you.
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