Corpus Christi, TX March 2013 Real Estate Update

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If you’re searching for a home in Corpus Christi, or if you’re considering putting your current home on the market, take a look at the following real estate update.

We’ve compiled some of the latest real estate information on this popular Texas town to give our readers an idea of what the local market is like. Remember to always consult a real estate professional for the most accurate, up-to-date information – the data below reflects time-sensitive information that is subject to change without warning.

The median listing price for a home in Corpus Christi is $165,000 according to Zillow.com (as of 3/13/2013). This represents a 10.0% increase year-over-year and a 10.1% increase month-over-month. This indicates a rise in home values, which is further evidenced by Zillow’s home value “Zestimate” of $112,300 for Corpus Christi. Although the Zestimate is significantly lower than the median listing price, it represents an impressive 8.0% hike year-over-year.

Note that the data pulled from Zillow and Trulia do not necessarily reflect the most accurate measurements of the current market, as their data is calculated within different time frames. Again, it’s always best to consult with a real estate professional for the most accurate information.

One thing is for sure, however: Corpus Christi, despite being a great place to live, work and play, still has room for improvement in the real estate arena. The good news is that for first time home buyers or investors are likely to score a great deal on a reasonably-priced home. The bad news is sellers may be likely to take a loss if they decide to sell now, while the market is still struggling to recover.

As for what homes are actually selling for in Corpus Christi, Trulia.com reports that the median sales price is $45,250 – 42.3% lower than last year’s figure. This figure was based on only 8 home sales, which indicates that homes are still not moving at a sustainable rate. So while homes are gaining in value, the market has yet to catch up to other areas in the region.

If you are considering purchasing or refinancing a home in the Corpus Christi area, be sure to research current mortgage pricing.

Couple putting flag on their Corpus Christi home.

About Corpus Christi

A coastal city in South Texas, Corpus Christi is a diverse place, in both culture and population. Home to well over 300,000 residents, Corpus Christi attracts surfers, artists, industrialists, families and cowboys. With several distinct neighborhoods, rising home values and a low unemployment rate, Corpus Christi is a popular destination for those seeking a great place to live full-time.

Local attractions, such as the Texas State Aquarium, the USS Lexington and nearby beaches, attract visitors from far and wide. Economically, Corpus Christi relies on tourism, oil, education, military operations and retail.

For more information on Corpus Christi, check out the following links:

Steph Meyer is a contributor to the ForTheBestRate.com Blog and keeps us up to date on interesting happenings within the world of home financing and real estate. She’s got a quick wit and keen eye on making smart financial decisions. My Google Profile+

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