Gains in low priced Corpus Christi home sales
January 13, 2010
Corpus Christi’s real estate market saw increases in marketshare of homes priced between $30,000 and $90,000. In fact, the share was so much larger for homes between $30,000 and $70,000 that real numbers increased in these categories. Most Texas markets had such large drops in number of homes sold that the marketshare increases were not translated into real numbers.
| Corpus Christi | |||||
| Price Range | Percent Distribution | # of Sales | |||
| 2008 | 2009* | 2008 | 2009* | Change | |
| $29,999 or less | 2 | 1.5 | 75 | 48 | -36.97% |
| 30,000 - 39,999 | 1.6 | 2.8 | 60 | 89 | 47.08% |
| 40,000 - 49,999 | 2.7 | 3.5 | 102 | 111 | 8.95% |
| 50,000 - 59,999 | 2.9 | 3.6 | 109 | 114 | 4.33% |
| 60,000 - 69,999 | 3.5 | 4.4 | 132 | 140 | 5.66% |
| 70,000 - 79,999 | 4.1 | 4.2 | 155 | 133 | -13.91% |
| 80,000 - 89,999 | 4.8 | 5.3 | 181 | 168 | -7.20% |
| 90,000 - 99,999 | 5.3 | 4.4 | 200 | 140 | -30.23% |
| Under 100k | 26.9 | 29.7 | 1,015 | 942 | -7.21% |
| 100k - 119,999 | 10.9 | 10.6 | 411 | 336 | -18.27% |
| 120k - 139,999 | 12.9 | 13.9 | 487 | 441 | -9.44% |
| 140k - 159,999 | 10.4 | 10.2 | 392 | 323 | -17.57% |
| 100k - 160k | 34.2 | 34.7 | 1,290 | 1,100 | -14.73% |
| 160k - 179,999 | 10.1 | 8.6 | 381 | 273 | -28.44% |
| 180k - 199,999 | 7 | 7.1 | 264 | 225 | -14.75% |
| 200k - 249,999 | 8.3 | 7.9 | 313 | 251 | -20.01% |
| 250k - 299,999 | 5.1 | 4.6 | 192 | 146 | -24.20% |
| 300k - 399,999 | 4.7 | 4 | 177 | 127 | -28.47% |
| 400k - 499,999 | 1.9 | 1.3 | 72 | 41 | -42.50% |
| 500k and more | 1.8 | 2.1 | 68 | 67 | -1.95% |
The homes priced in the $30s increased in real numbers by 47 percent. The other increase in marketshare came for homes priced above $500,000. These went from 1.8 percent of homes sold in 2008 to 2.1 percent of homes sold in 2009. As of November, this is only the difference of one home, so it will be interesting to see if December’s sales translate into real numbers.
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