Gulf Coast, Texas (PRWEB) March 4, 2007
Consumers now have the opportunity to review real estate sales statistics, search multiple listings and take a first look at the new developments in the different Texas coastal regions from one website.
"We provide online tools and answers to question like: How do you know what price you should offer?" - said Michael Suart CEO
The sales statistics page on the TexasGulfCoastOnline.com site offers consumers statistical data comparing the average sales price and number of sales. Different analysis are available that will assist in the decision-making process of selling or purchasing a property. The user will find charts analyzing sales, time on market, buyer preferences, sales vs. new listings, and new listings of each coastal area (Corpus Christi, Galveston, Rockport, South Padre Island and Matagorda).
"Users can also run online comparative market analysis (CMA) reports to see what similar properties actually sold for." - said Stuart
Important factors are highlighted in the sales trends and include:
Sales values and inventory data:
Investors are always looking for the most up-to-date comparables (sales values), and revealing information about a neighborhood's "inventory" of properties. A rising inventory may increase property values via residential and commercial revitalization. A rising inventory can have a negative effect on property values, though, if housing supply outstrips demand.
Time on market:
Time on market also tells you how hot the market is. A short time on market indicates a neighborhood on the rise, while longer time on market indicates a neighborhood in which values are stagnating or decreasing.
Pay attention to buyers' preferences so you can use this information for resale purposes and to make your own properties more attractive through improvements.
A market report card scores each coastal region by stating the pros and cons; as well as, the cities that influence it's market and the overall score.
TexasGulfCoastOnline.com is the place to look for all the properties available on the Texas Coast. The page collects data from the different Multiple Listing Services (MLS) in the area and allows the users to determine the type of search they want, whether it is a broad search of properties in the Texas Coast or as narrow a search as for a beachfront 2 bedroom condominium in Corpus Christi priced from 250K to 300K.
Because interest in the Texas Gulf Coast has increased nationwide, developers are investing in luxury condominiums, resorts and communities in the area. In order to keep consumers informed about the wealth of new construction projects currently under development, TexasGulfCoastOnline.com has compiled a list of the newest communities available. Users are able to see information such as floor plans, amenities, maps, pictures or renderings of developments in construction. This information proves useful to those customers interested in obtaining properties for investment.
TexasGulfCoastOnline.com is a showcase of what the Internet can do for real estate and already receives over 10,000 unique visitors a month and 2 million page views a year, with projections of 50,000 users a month and 10 million page views a year by 2008. The site highlights the fundamental changes the Internet is making in the real-estate industry - the same kind of changes already seen in the travel industry - with tech savvy consumers being the first benefactors.
Sales Statistics Page: http://www.texasgulfcoastonline.com/Sales.aspx