Rockport, TX

THE SWEARINGEN REPORT

Residential property sales* 534 470 -12.0%

Residential total dollar volume* $115,119,614 $103,516,110 -10.1%

Average residential sales price* $215,580 $220,247 2.2%

Median residential sales price* $155,000 $169,995 9.7%

Total active listings end of month* not avail 648 not avail

Months inventory* not avail 16.5 not avail

*This figure refers to the single-family and condo/townhouse market.

Residential Homes Update

The average sales price for residential homes was $220,247 for January thru December, up 2.2

percent versus the same period last year when it was $215,580.

The median price of residential homes for January thru December was $169,995, versus the same

period last year when it was $155,000, an increase of 9.7 percent.

Total sales of residential homes for Rockport MLS for January thru December was 470,

which was 12.0 percent (64 homes) lower than January thru December, 2007.

The average Days on Market for residential homes for January thru December was 163, the same

as the same period last year.

ROCKPORT MLS

Residential property sales* 483 416 -13.9%

Residential total dollar volume* $105,520,594 $93,767,865 -11.1%

Average residential sales price* $218,469 $225,404 3.2%

Median residential sales price* $155,000 $169,745 9.5%

Total active listings end of month* not avail 538 not avail

Months inventory* not avail 15.5 not avail

*This figure refers to the single-family home market.

Residential Homes Update

The average sales price for residential homes was $225,404 for January thru December, up 3.2

percent versus the same period last year when it was $218,469.

The median price of residential homes for January thru December was $169,745, versus the same

period last year when it was $155,000, an increase of 9.5 percent.

Total sales of residential homes for Rockport MLS for January thru October was 416,

which was 13.9 percent (67 homes) lower than January thru December, 2007.

The average Days on Market for residential homes for January thru December was 161, 1.3 percent

longer than the same period last year.

ROCKPORT MLS

Condo/Townhouse sales* 51 54 5.9%

Total dollar volume* $9,599,020 $9,748,245 1.6%

Average sales price* $188,216 $180,523 -4.1%

Median sales price* $175,000 $172,500 -1.4%

Total active listings end of month* not avail 110 not avail

Months inventory* not avail 24.4 not avail

*This figure refers to the condo/townhouse market.

Condo/Townhouse Update

The average sales price for condo/townhouses was $180,523 for January thru December, down 4.1

percent versus the same period last year when it was $188,216.

The median price of condo/townhouses for January thru December was $172,500, versus the same

period last year when it was $175,000, an decrease of 1.4 percent.

Total sales of condo/townhouses for Rockport MLS for January thru December was 54,

which was 5.9 percent (3 homes) higher than January thru December, 2007.

The average Days on Market for residential homes for January thru December was 179, 13.9 percent

shorter than the same period last year.

Information Herein Deemed Reliable but Not Guaranteed

and Does Not Reflect All Transactions In The Market.

Source: Rockport Multiple Listing Service

$100,000 - $199,999 209 167 150 163

$200,000 - $299,999 101 93 167 156

$300,000 - $399,999 29 39 261 205

$400,000 - $499,999 32 24 193 146

$500,000 - $599,999 18 18 237 176

$600,000 - $699,999 10 9 198 240

$700,000 - $799,999 4 5 192 307

$800,000 - $899,999 2 1 148 156

$900,000 - $999,999 3 1 110 157

$1,000,000 - $1,099,999 2 1 95 43

$1,100,000 - $1,199,999 1 1 336 218

$1,200,000 - $1,299,999 1 0 305 0

Total 534 470 163 163

11/14/2008 17:26

DOM = Average Days on the Market

Information Herein Deemed Reliable but Not Guaranteed

and Does Not Reflect All Transactions In The Market.

Source: Rockport Multiple Listing Service

- WOW. Did you know that there are 62 HOMES - minimum 2 BEDROOMS - priced between $95,000 & $150,000. NO they are NOT ALL Fixer Uppers. 12 are built between 2006 - 2009. This home is BRAND NEW - 2/2 $112,000 http://www.visualtour.com/show.asp?T=1638184&prt=10003 This home was built in 2006 - 3/2 $149,000 http://www.visualtour.com/show.asp?T=1762812&prt=10003

This is just 2 of the 62... find out more.... just give me a call or email me.

INSPECTIONS - Yes or No?

Clients are always asking me, "Do I really need to do inspections?" and "What inspections should I have done?".The answer is yes you should have the property inspected, inspections are the prudent thing to do. Remember the reason for doing inspections is to check and see if the major systems of the property are operating properly. The goal of the inspections is not to come up with a laundry list of little items in need of minor repair, but rather to determine if there is something so seriously wrong with the property that you should not buy the property. In our market here in Rockport, Tx we always start with a building inspection - this is a general inspection. The licensed inspector may see some red flags that will cause him to recommend a specialist such as a plumber or HVAC. Here in Rockport some properties are on a septic system and a septic inspection should always be done - the last thing you want at your new home is to unexpectedly need a new septic system to the tune of $6,000-$7,000. In short, inspections are for your protection!

GAS PRICES!

Every driver in Texas and the entire United States is feeling the pinch of high gas prices - and there is no relief in sight. Does this mean you have to give up your dream of a retirement home or vacation spot of your own? Not at all! Millions of people live only a tank of gas or less from Rockport, Texas (Houston, Austin, San Antonio and points in between). Now is the time to buy a place close to home for you and your family to enjoy on weekends and vacations. All indications are that high prices at the gas pump will be continuing for quite some time. Here in beautiful Rockport, Tx there is a nice selection of properties in all price ranges from modest to impressive, and in all sizes from small to palatial. The best part, is they are all located close enough to home for you and your family to enjoy them often. As a bonus, you can rent out your vacation dream spot to help defray the cost fuel to visit your Rockport get-a-way. Winter Texans love Rockport and rent here every winter from 1 to 5 months, and during the summer of course we are a vacation hot spot with fishing, boating, golfing and fun. Rockport, Tx real estate is still a bargain - and only a tank of gas away -check it out! What are you waiting for?