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Market Conditions in Aransas County : Real Estate Advice

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  • Home Buying2
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Activity 5
Tue Jun 18, 2013
MJ Olsen answered:
Our Labor Force in is drawn from a 50 to 60 mile area. The current unemployment rate approx 5.5% while last year approx. 7.4%. The average price for a 3 bedroom/ 2 bath house $196,000. Average rental approx. $1100 month. Some companies moving into the area are Tianjin Pipe, Occidental Petroleum Corp. ... more
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Sat Jun 2, 2012
MJ Olsen answered:
Good question. Required flood insurance is identified by a flood zone map. An elevation certificate is used to certify building elevations if the building is located in a Special Flood Hazard Area. A call to your insurance agent can provide with the current information on the flood zone map and if your lot is in a flood zone. More information can also be found at http://www.fema.gov/plan/prevent/floodplain/nfipkeywords/elevation.shtm
If you are building a home discuss with your builder options you may have to elevate your home.
We live along the coast. Flooding is a possibility. Even if your property is NOT in a flood zone...flood insurance can provide you some peace of mind and perhaps save you from additional costs. If I can provide you additional resources, feel free to contact me.
... more
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Mon Jan 31, 2011
MJ Olsen answered:
John, there were 5 canal front lots that sold in the past year. The average sales price $72,000 - 425 days on the market. The average listing price $81,880. Currently there are 22 canal front lots for sale. The average list price is $96,403 - 538 days on the market... most of the lots have utilites in place but septic install required. ... more
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Sat Jan 29, 2011
MJ Olsen answered:
John, this is last years recap as reported... Off water lots- a total of 73 lots sold in the Rockport area. The average lot sold for $42,711- days on the market 268. Waterfront lots- a total of 23 waterfront lots sold in the Rockport area. The average waterfront lot sold for $103,100- 247 days on the market. There is really not a way to separate developed lots from undeveloped lots. What do you consider a developed lot? Based on that criteria a CMA could be run. Please feel free to contact me - would be happy to run a CMA for your lot. If you are considering sellilng - currently there are a total of 188 waterfront lots for sale & 380 off water in the Rockport area. ... more
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Wed Feb 24, 2010
Kathy Tullis answered:
Waterfront condos start at $200,00+ and dry land start at $60,000+
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