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Brownsville Economic Development Council has earned the CompetitiveReady Seal, an endorsement of the area´s overall capacity to support business development. Brownsville is the first CompetitiveReady community to receive the seal. Located at the southern tip of Texas, on the border with Mexico, Brownsville offers access to international trade through the Port of Brownsville. Other advantages that stood out for the auditors included safety, ongoing improvements to the infrastructure, and cooperative leadership that has made Brownsville a leader in business attraction and job growth.

Housing

Brownsville is considered one of the most cost-efficient places to live, in large part because of its affordable housing opportunities. Brownsville offers residents an array of housing options from contemporary apartments and condominiums to custom-tailored single-family homes of varying price ranges.

The city offers a safe and peaceful community with many “resacas” (reservoirs) that add to the beautiful landscape, which comprises a plethora of dazzling palm trees, flowers, and hundreds of plant species that have turned neighborhoods into a tropical paradise.

Whether you like modern design, or Mexican and Spanish influenced architecture, or perhaps you prefer the colonial style homes in Brownsville’s historic neighborhoods, the city has exceptional architects, builders, and realtors that can assist you in your search for the ideal, affordable home.

Like the rest of the nation, Brownsville was not exempt from the effects of the housing market crash. However, both Brownsville and the state of Texas were affected to a much lesser degree than many other cities and states.

According to a new report from the Real Estate Center at Texas A&M University, single-family home sales in Texas during the fourth quarter of 2009 rose 16% from the same quarter of 2008. In Brownsville, between the first and fourth quarters of 2009, home sales showed a 10% increase.

Furthermore, 2010 points to a brighter year as we see an increase in home sales for the months of January and February compared to those of the same months last year and compared to homes sales at the end of year 2009.

Housing
Current Market 3 Bedroom/2 Bath
Home Median Listing Price

$135,000

Home Average Listing Price $193,969
Home Median Sold Price $82,250
Home Average Sold Price $91,645
Average Days on Market 131 days
Source: Real Estate Center at Texas A&M University; Navica Multiple Listing Service (MLS); National Association of Realtors; U.S. Department of Housing & Urban Development

 

Housing Market in Brownsville, the State of Texas & and U.S.
  2005 2006 2007 2008 2009 2010 2011
Home Sales in Brownsville
Sales (Housing units) 918 1,177 1,084 908 742 754 701
Dollar Volume 123,475,000 160,160,000 163,760,000 115,260,000 81,577,227 89,325,693 81,255,810
Average Price 134,500 136,100 151,100 126,900 109,900 118,500 115,900
Median Price 106,200 104,700 114,200 92,700 89,800 96,400 92,500
Home Sales in Texas            
Sales (Housing units) 266,842 292,805 275,584 232,388 212,955 203,637 205,353
Dollar Volume 46,521,430,681 53,811,689,308 53,073,228,511 44,524,894,984 39,477,045,202 39,166,420,999 40,133,440,767
Average Price 174,300 183,800 192,600 191,600 185,400 192,300 195,400
Median Price 136,800 142,900 147,300 146,900 145,800 147,600 148,700
Home Sales in U.S.            
Sales (Housing units)* 8,359,000 7,529,000 6,428,000 5,398,000 4,340,000 4,190,000 4,260,000
Average Price  297,000 305,900 313,600 292,600 216,900 220,000 214,000
Median Price   240,900 246,500 247,900 232,100 172,500 172,900 166,100
*Units rounded to nearest thousand