b'E c o n o m i c sNew home in London ISD 2021 Q1 Real Estate(vs 2020)The Coastal Bend vs. TexasCC: $245K(+16.7%) MEDIAN PRICE TX: $274K(+13.4%)1,156(-48.9%) LISTING VOLUME* 43,542(-53%)1,529(+13.9%) CLOSED SALES 84,464(+10.1%)1.9(4.5 IN 2020) MONTHS INVENTORY 1.3(3.0 IN 2020) 104(-19 VS 2020) DAYS MARKET TO CLOSE87(-13 VS 2020)lighthouse will welcome travelers on the Nueces Bay Causeway from Portland to*Severely impacted by Feb. 2021 Freezewhat is the waterfront gateway to Corpus Christi. Lighthouse Pointe is a project of Blackard Global, which is redeveloping the Pharaoh Valley Golf Course. down Yorktown Blvd. It should only be a matter of time before we see large scale The London ISD area, west of the Crosstown Expressway extension down Weberretail, entertainment and service businesses open in this direction.Road (FM43), has emerged as one of the areas fastest-growing neighborhoods dueFeeding the success of businesses on the far south side is what has been happening mainly to the small, conservative-minded school system, large, open single-familyin Flour Bluff over the past decade, where the building boom of roomy, single-fam-lots, and ease of access via the Crosstown. At the end of 2019, the Corpus Christiily homes on 1/3 acre lots or larger has evolved largely due to the high-performing City Council agreed to annex 450 acres that was previously unincorporated Nuecesschool district and easy access to water recreation on Padre and Mustang Islands. County. Multiple builders, including Braselton Homes that was subsequently sold toWhile new subdivisions have replaced brush lands that have been uninhabited since DR Horton Homes, have committed to at least 900 single-family units, starting withthe beginning of recorded time, those located between Waldron Road and Flour Bluff the requisite infrastructure, to be built over the next few years. A high-end apartmentDrive, the old, rough areas of The Bluff remain as they were forty years ago, specifi-and townhome community is also on its way to London, on what is now farmland. cally the neighborhoods east of the freeway and along NAS Drive.Corpus Christis coastal geography, where most of the citys territory is actual saltwa- It seems like the economic health of Northwest Corpus Christi directly depends on ter east of habitable land, means that the vast majority of new development mustthe health of the oil and gas industry more than any community in the Coastal Bend. take place inland to the west. The citys far south side, in radius to the Yorktown /The refineries are almost always stable, except for extremes in demands, like when Rodd Field Road intersection where the new Del Mar College is being built, is wherethe price of oil briefly fell below zero, last summer. Demand for production in the new subdivisions are emerging and where existing ones are expanding, like Ranchofields, however, can directly impact housing costs in Calallen and the Tuloso-Midway Vista, founded by the aforementioned Braselton Homes. Empty acres in this part ofISD area. Some of the citys most elegant homes are located in the River Hills Country town are disappearing in favor of new neighborhoods, as buyers are attracted to newClub subdivision as well on the acre-size-plus lots that extend for more than three schools, new, clean streets, and commercial development that is spreading southmiles west. Northwest CC is also one of the lowest-crime areas of Corpus Christi.60 THE COASTAL BEND TOUR+RELO+BUILD GUIDE TheCoastalBend.com'