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Investors Attracted By South Padre's Charm
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0 Comments ::  :: South Padre Island, Economy, Second Homes |
For those of you who are wary of buying a second home given the current slow down in the U.S. real estate market, a recent report by RealEstateJournal.com provides some encouraging information.
 The journal has come up with the top twelve locations for second homes based on data from Economy.com. The editors selected various locales across the country based on factors that were appealing for second homebuyers. Locales where home prices rose at a much lower rate than the national average of 84.3 % over the past ten years from 1996 to 2006 were chosen. Other criteria that were taken into consideration include favorable employment opportunities, availability and choices of vacation homes and proximity to recreational and cultural opportunities.
South Padre Island, Texas (Brownsville-Harlingen, Texas) is at 11th position with a median home price of $631,600 and a price change of 29.6 %. The projected metro employment increase for the next 5 years is at 14.6 %.
Since the mid-1970s, spring-breaking college students have taken advantage of the awesome year-round weather and perpetual party-time atmosphere that make this barrier island town one of the Gulf Coast’s top vacation spots and top choice for second home real estate.
The Island’s sub-tropical temperatures rarely rise above 85° in the summer or drop below 65° in the winter, and steady easterly breezes sweep past palm trees and sandy dunes, providing windsurfers of all skill levels with some of the best conditions imaginable.
South Padre Island is one of the premiere spots in the state to observe wildlife in its natural state, and to find that allusive bird to add to your list. One of the best spots in the United States to see all of the regularly occurring rails, South Padre has over 300 recorded species to date, and the list continues to grow, as do the bird watchers.
As a result of all the different attractions South Padre has to offer, developers have taken notice of this small strip of land on the Texas Gulf Coast and are currently constructing new condominium towers and residential communities. Investors and retirees are also looking towards the Island to purchase that perfect property at an affordable price. South Padre will undoubtedly continue to be one of America's most beautiful beaches with a fun loving, relaxing atmosphere.
 A new construction buyers club is currently being formed for people interested in investing in new real estate developments in the South Padre Island area and for the entire Texas Gulf Coast. TexasGulfCoastOnline.com of the Alice Donahue Real Estate company, is excited to offer the public the opportunity to join a new kind of club where investors, developers and real estate brokers benefit from doing business with each other as a group.
What is a new construction buyers club?
A group of people interested in investing their money on real estate and obtaining great deals on new construction properties.
What are the advantages of the Texas Gulf Coast New Construction Club?
1. A win-win-win scenario for the Buyers, Developers and Brokers.
2. Group benefits, savings; as well as, internet and press exposure.
3. Access to discussion forums, calendar of events, special newsletters and privileged access information.
4. Pooling together the buying power of the group and leveraging our technology & Internet popularity.
The club currently has the following South Padre Island development selected for consideration. Based on the club's research and opinion, this project is an outstanding opportunity even without the benefits of the club's negotiating power.
 Wild Dunes:
South Padre Island is growing to the North and Wild Dunes is one of the first new neighborhoods available at an attractive price. Wild Dunes will offer residential lots from beach to bay and create a remarkable living environment on this pristine section of the Island.
The Wild Dunes Residential Lots will be located on track 10 on South Padre Island
To read more information about this project click here.
Listen to what the National City Corporation announced in their March 2007 "House Prices in America" report about Texas:
-Texas leads in home price appreciation
-Texas is an undervalued housing market
-Texas has a strong economy
-Texas has a growing population
"With the temporary buyer hesitation on the Texas Gulf Coast due primarily to market conditions in other parts of the country, it won't be long until these great deals are history." and "We are experiencing record levels of buyer interest in the Texas coastal markets"- says Mike Stuart CEO
TexasGulfCoastOnline.com, a leading real estate sales and analysis company on the Texas Gulf Coast, reports increasing buyer interest levels from California, Florida and New York, which coincides with their declining real estate markets.
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