PORT ARANSAS, Texas - June 22, 2019 – The Corpus Christi Association of REALTORS® (CCAR) May market report for Port Aransas & Mustang Island shows the Median price at $409,500 up 14.6% from last year and up $66,250 from the previous month. May closed sales are up 46% over last year. Higher end properties are moving and this trend has carried into June. The number of Port Aransas home and condo listings is up considerably with a 54% increase over 2018. This is the result of a large number of condos coming on the market after Harvey. Many are fully remodeled/restored while others are being sold gutted and "as is" at discounted pricing. This jump in active condo listings has increased our current inventory to 11 months.
Keith McMullin is the Broker of Port Aransas Realty and Mustang Island Realty with a dedicated team of agents specializing in residential and commercial real estate in the Padre Island and Port Aransas real estate markets.