AliceDonahue.com Stats Show South Padre Island Is Hot

A South Padre Island real estate report by AliceDonahue.com shows 1ST QTR gains in sales and median price combined with a lower months-supply-of-Inventory. All which point to a full recovery for this Texas coast tropical resort market favorite.

South Padre Island, TX (PRWEB) May 24, 2009 -- Nation leading 1ST quarter gains in sales and median price, combined with a lower months-supply-of-inventory, all point to a full recovery for South Padre Island according to statistics compiled from the local MLS and analysis by AliceDonahue.com, the area's leading real estate brokerage.

"The numbers speak for themselves", says Alice Donahue, and she adds "in 2009 we are finally seeing substantial increases in sales and interest from the Internet and in our local sales offices."

"We are so happy to see this level of activity on the Island again after nearly two years of slower sales, the worst we've seen in ten years." "There is a lot of cash buyer interest from Mexico, Canada, and the Texas Metros: Houston, Dallas, San Antonio and Austin - and from the Midwest and California." says Alice

"Also the newly completed Sapphire High-rise on the beach and the new storm-resistant smart town houses of Marina Vista Villas at The Shores are bringing in a lot of activity."

Alice Donahue says she agrees with Warren Buffet and the Texas Real Estate Center about future inflation concerns, and adds that the limited supply of South Padre Island's resort properties are a great hedge for the future inflation.

Michael Stuart, CEO of TexasGulfCoastOnline.com says, "With the trillion dollar levels the federal government is printing to stimulate the economy, its common "cents" that sometime in the near future the money supply will be diluted and inflation will result."

"When that happens, one of the few investment options that will hold their value will be rare and remarkable real estate like we have on the Texas coast", "where we have the best market fundamentals and most affordable oceanfront property in the United States." - says Stuart

South Padre Island is the envy of Texas and the nation with these kinds of numbers, with :

*Sales volume (up),

*Median Price (up) and

*Months Supply of Inventory (down).

All three fundamental market indicators are showing substantial improvement compared to the last two years.

Visit AliceDonahue.com/News to see the full report or contact Alice Donahue at 800-716-6861.

AliceDonahue.com is the only real estate brokerage that services the entire Texas Coast region, with offices and agents in: South Padre Island, Corpus Christi and Galveston. AliceDonahue.com now also provides services in Mexico, representing the emerging Huatulco resort area and the Cosmo Residences development.

TexasGulfCoastOnline.com is the region's voice for real estate and market analysis and receives over 250,000 visitors a year who view over 4 million pages. TexasGulfCoastOnline.com is supported by real estate agencies on the Texas coast including: AliceDonahue.com, Port Aransas Realty, Swedes Real Estate and Personette and Associates.

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