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Houston Economy Contributes to Galveston Growth
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Houston's strong economy, low unemployment rate and recent population explosion has contributed to the rise of Galveston's popularity. Houstonians like the fact that they can pack up the car and have the beach just a minutes drive from home. Only 51 miles southeast of Houston, Galveston is Texas’ most beautiful, entertaining and historic island. People visit the island to enjoy 32 miles of sun-drenched beaches, temperate weather year round, Victorian architecture, fantastic festivals and shopping on Galveston’s Historic Downtown. With semitropical Island weather, visitors enjoy casual strolling on the 13-mile Seawall or shopping along the Strand National Historic Landmark District.
Apart from family weekend trips to Galveston, many Houstonians are looking for the perfect place to retire. Waterfront lots and communities offering luxurious amenities have become popular among retirees. Proximity to family in Houston is also an incentive to retire in the area. According to James Gaines, research economist at the Real Estate Center at Texas A&M University, “The world has discovered the Gulf Coast. You want a second home on the East Coast at an affordable price, and you’re not going to find anything. Here, it’s still available and affordable.”
Galveston still has plenty of vacant land, low home prices and miles of wide-open beaches. Over the last four years, the average price of a home has risen 89 percent, to $232,800 in January, according to the Galveston Association of Realtors. A single water-view lot in some of the new communities sprouting throughout Galveston costs $300,000, though other lots without views could be as low as $80,000.
Houstonians are not the only ones showing interest in Galveston. “The world has discovered the Gulf Coast,” said James Gaines, research economist at the Real Estate Center at Texas A&M University. “You want a second home on the East Coast at an affordable price, and you’re not going to find anything. Here, it’s still available and affordable.” TexasGulfCoastOnline.com, a leading real estate sales and analysis company on the Texas Gulf Coast reports increasing buyer interest levels from California, Florida and New York.
With all the interest on this island it is no surprise that developers have already seen the potential for growth and generating profit. Several communities such as Avocet located in the Bolivar Peninsula, are offering luxurious amenities, waterfront lots, golf and other fun-filled activities and are already under construction. A property in the pre-construction stage is usually offered at the lowest price and for investors looking for a great deal it is the best time to buy.
A new construction buyers club is currently being formed for people interested in investing in new real estate developments on the Texas Gulf Coast. TexasGulfCoastOnline.com of the Alice Donahue Real Estate company, is excited to offer the public the opportunity to join a new kind of club where investors, developers and real estate brokers benefit from doing business with each other as a group.
What is a new construction buyers club?
A group of people interested in investing their money on real estate and obtaining great deals on new construction properties.
What are the advantages of the Texas Gulf Coast New Construction Club?
1. A win-win-win scenario for the Buyers, Developers and Brokers.
2. Group benefits, savings; as well as, internet and press exposure.
3. Access to discussion forums, calendar of events, special newsletters and privileged access information.
4. Pooling together the buying power of the group and leveraging our technology & Internet popularity.
The club currently has the following development selected in Galveston for consideration. Based on the club's research and opinion, this project is an outstanding opportunity even without the benefits of the club's negotiating power.
 Avocet:
A master-planned community designed for form and function. Lush landscaping and welcoming Polynesian architecture blend perfectly amid stunning Gulf views and natural beauty. Residents will enjoy all the comforts of civilization while feeling far from the hustle and bustle of city life.
Avocet’s showcase amenity is a fabulous, centrally located beach club designed by world-renowned architect Peter Vincent. Open only to residents and their guests, the beach club’s design incorporates a large pavilion for indoor/outdoor use. Two sparkling swimming pools invite residents to cool off in the crystal clear blue water or simply bask in the sun. A gourmet kitchen and wine cellar allow visitors to taste the finest that life has to offer. Entertainment is as close as the beach club’s library and media room. The business center enables residents to stay in touch with the world without leaving the comforts of Avocet.
For a limited time only, the developer of Avocet is releasing a limited supply of lots at wholesale pre-construction prices at an unprecedented savings of 30% with special financing. The first phase of construction is nearing completion and homes are going up shortly. Special 0% ARM financing terms are also available.
Prime Beachfront Lots, only 18 remaining - Retail appraised value $360,000 selling for $295,000. SAVE $70,000!
Beachclub and Golf Course Lots - Retail appraised value $205,000 selling for $150,000. SAVE $55,000!
Lakefront Lots -Retail appraised value $125,000 selling for $87,500. SAVE $37,500!
Lowest priced lots - Retail appraised value $75,000 selling for $52,500. SAVE $22,500!
Listen to what the National City Corporation announced in their March 2007 "House Prices in America" report about Texas:
-Texas leads in home price appreciation
-Texas is an undervalued housing market
-Texas has a strong economy
-Texas has a growing population
"With the temporary buyer hesitation on the Texas Gulf Coast due primarily to market conditions in other parts of the country, it won't be long until these great deals are history." and "We are experiencing record levels of buyer interest in the Texas coastal markets"- says Mike Stuart CEO
TexasGulfCoastOnline.com, a leading real estate sales and analysis company on the Texas Gulf Coast, reports increasing buyer interest levels from California, Florida and New York, which coincides with their declining real estate markets.
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ByJoe @
Thursday, April 12, 2007 2:02 PM |
New Web Giant Launches Portal Site – Plans on Dominating Web-based Real Estate Sector
04/12/2007
Chicago, IL based Profertee Realty Group, inc launches its much anticipated real estate portal site (www.profertee.com) Monday morning. Partnering with Melville, NY based American Home Mortgage(NYSE: AHM) and Home Buyers Marketing inc, Profertee’s site is boasting access to over 3.6 million real estate listings nation wide, as well as various premium new construction developments located in Orlando, Las Vegas, and Chicago, just to name a few. Profertee’s mission is to offer a free, user-friendly real estate shopping experience, while also providing additional value-added features such as investment groups, home-valuation tools through Zillow integration, useful real estate investing strategies, and free mortgage quotes through American Home’s retail channels. “We are truly a one-stop-shop”, says Profertee CEO Rhoniel Daguro. “The site has everything a user could want, but we really wanted to feature the premier new construction developments. That is something that no one is really organizing online, and we’ve taken things one step further by forming buyers into investment groups, giving them access to considerable savings at the various developments.”
Profertee also provides local one-on-one services through the thousands of realtors approved with Home Buyers Marketing, inc. Users can create an account on www.profertee.com to search over 3.6 million listings for a home anywhere in the US and still deal with a local partner agent once they are closer to buying. It is in this way that Profertee is providing the best of both worlds: the power of the internet + traditional local realtor partners. Navigate to www.profertee.com today and test drive their site. Also stay tuned for our follow up segment on Profertee in June.
Profertee – Prosperity in Property: Exclusive New Developer Condos http://www.profertee.com
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