Coronavirus impact

Houston home listings take a dip thanks to COVID-19

New home listings in Houston are actually up — despite coronavirus.

Photo by fstop123/Getty Images

We're coming up on the best time to list your Houston house, but thanks to COVID-19, the real estate landscape looks pretty different this year. Zillow reports that 3-D home tours are up 408 percent from February, and newly listed homes nationwide were down 27.1 percent from a year ago in the first week of April.

But it's not quite as bad in Houston. While the rest of the U.S. is seeing a 19 percent drop in new listings since March 1, 2020, Houston is actually up 1.9 percent.

Active listings here are also up 3.9 percent since the same period. Total U.S. inventory, meanwhile, has only grown by 2.5 percent since March 1, which likely correlates to homes sitting on the market for longer.

"It is clear that many would-be home sellers are adopting a wait-and-see approach as uncertainty continues to rule," says Skylar Olsen, senior principal economist at Zillow. "Our understanding of U.S. economic conditions is changing weekly, if not daily, and early unemployment figures are striking, so it's understandable that some are hesitant to put their home on the market.

"It is possible that this year's busy home shopping season is pushed into winter as some opt to hang back, but activity continues from those who need to buy or sell for a job move or another major life event. What's not likely is that the bulk of potential home sellers and buyers simply throw up their hands and pull back from the market entirely."

By March 1, 2020, new listings in Houston were up 6.8 percent from the same time a year ago. Fast-forward just a month, and that number was down 8.7 percent. The outlook in Houston is definitely brighter than what's happening nationwide: nationwide listings were up 17.3 percent on March 1 and down a significant 27.1 percent by April 5.

Elsewhere in Texas, Dallas-Fort Worth has seen a 18 percent decrease in new listings from March to April of this year, and listings are also down 17.2 percent from April 2019.

San Antonio is an outlier, remaining neutral at zero percent change in new listings from March 1-April 5, 2020, and only down 11.8 percent from April 2019.

But Austin is truly bucking the trend, with new listings up 12.8 percent in the past month, for a year-over-year increase of 13.5 percent.

The greatest slowdowns in new listings since March 1 were seen in Detroit (down 61.8 percent), Pittsburgh (down 55.5 percent), and New York (down 49.1 percent). But new listings were actually up or flat in 12 of the 35 largest U.S. metros, led by Phoenix (up 18.3 percent), Atlanta (up 15.6 percent), Sacramento (up 13.7 percent), and Minneapolis-St. Paul (up 13.7 percent).

reports zillow home-for-sale

Seaside Living and More

Shuttered Corpus Christi Schlitterbahn will become $800M seaside community

Rendering courtesy of Whitecap

The former site of Schlitterbahn's Corpus Christi location is being transformed into Whitecap, an $800 million master-planned community.

The site that once housed Schlitterbahn's short-lived Corpus Christi location is being transformed into Whitecap, an $800 million master-planned community with waterfront homes, a shopping and entertainment district, and a marina designed to withstand Category 5 hurricanes.

Rendering courtesy of Whitecap

The former site of Schlitterbahn's Corpus Christi location is being transformed into Whitecap, an $800 million master-planned community.

The project by Ashlar Development LLC and partner Diamond Beach Holdings LLC is Corpus Christi’s first master-planned coastal community and is expected to include more than 600 residences.

Located less than four hours from Houston and about 30 minutes from Corpus Christi International Airport, the development is aimed at buyers looking for primary homes, vacation properties, and investment opportunities.

Schlitterbahn opened its Padre Island location in 2016 with hopes of bringing its popular waterpark brand to the coast. But financial troubles and leadership disputes complicated the project early on. After the park closed in 2020 during the coronavirus pandemic, it never reopened, and the site was demolished in 2021.

Now, the former waterpark site is being redeveloped into a waterfront residential community.

"The owners saw extraordinary potential in this uniquely positioned property,” Terence Johnson, executive vice president of Ashlar Development, tells CultureMap. “By transforming a former golf course and water park into Whitecap, they've created a luxury canal community that balances exceptional waterfront living with the preservation of valuable coastal habitat for migratory birds and wildlife.”

The first phase of homesite sales is now underway. Buyers can choose from custom and semi-custom home options featuring a contemporary coastal aesthetic with materials such as concrete and glass.

Located just minutes from Whitecap Beach, the community sits along five miles of navigable canals, with most homesites offering water views, direct canal access, and backyard docks.

A pool and fitness center are already completed, with future plans including a café, event space, sports courts, a dog park, and a marina district with shopping, dining, entertainment, a yacht club, and dry boat storage.

A 30-acre nature preserve will sit at the center of the development, providing habitat for migratory birds and other wildlife.