South Padre Real Estate

September 18th, 2007 by Skip

BUYERS BUYERS – WE NEED BUYERS

WHERE ARE THE BUYERS ?

It’s that time again - the main tourist season is over for the year on South Padre Island – we locals  rest from now until January when the “Winter Texans” arrive in force and the cycle starts all over again – weekends will be busy with Valley visitors if the weather is good and a trip to the Island doesn’t interfere with local football – this is our time of the year to enjoy the Island  – what the tourists don’t know is that this is the best time of the year to be here – generally by the 2^nd week in October the first push of cooler air reaches us – the temperature drops a couple of degrees but more importantly the humidity drops out of the air – a very direct and distinct change in feel – time to open the windows and let the fresh air blow through – this is the most wonderful time of the year on the Island -

Historically, my best buyers for real estate on the Island have been in the fall – always fewer buyers but more serious ones – this year seems different – no calls saying they will be down and want to look at certain projects – no calls at all in fact – even my e-mails are being ignored after multiple points of communication over the year – I am hearing the same thing from many of my compadres who have been on the Island as long as I have – We were here in the 80’s – we understand the cycles – we walked the beach a lot – South Padre Island was a fantastic place to live – You couldn’t make a living here in the 80’s in real estate but what a great place to be while you weren’t making a living – that cycle is back but the elements are different - it won’t be as long this time but we will feel it none the less – for a very short period there will be some great  values available

Most of our buyers North of the Rio Grande River are from areas that have had a slowdown in their own real estate markets and worry about ours - Our Valley markets are very strong with some of the lowest mortgage problems in the country -  Brownsville and McAllen both are strong and stable - The Mexican economy appears strong and stable (one of the reasons that we have 3,500 permanent population with 5 banks) and those buyers are still there -

Now is the time to be looking to buy if you have any interest in having a vacation home on South Padre Island – lots of property is available and very few buyers in competition with you – you might start looking at how to take advantage of this “glitch” in the growth and development of one of the best kept secrets along the Gulf Coast – Cycles come and cycles go but the Sun and the Sand and the Surf are still here - its a great place to be

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