Welcome to the October Victoria Chamber Quick Facts. We hope that the information in this email will benefit your business.
The average sales price for residential homes was $176,691 for the 12 months ending September 2014, up 6.1% versus the same period ending September 2013. Total sales of residential homes in the Victoria MLS for the same period was 926, 3.7% higher than the same period in 2013. Median home price for Victoria over the past 12 months is $160,000 up 6.7% from the same period in 2013. Total volume of sales was $163,616,310 compared to $148,662,445 up 10.1% from 2013. Active listings are 245 compared to 244 in 2013 up 0.4%. The average Days on Market for residential homes for the 12 months ending July, 2014 was 86, 14 % shorter than the same period last year.
There is a 2.8 Months Inventory in the Market. Six months of inventory is considered a balanced market.
- Information provided with permission by Lee Swearingen Report.
City Building Activity
The month of August saw 19 new residential permits issued. The total permitted valuation for residential permits is $3,098,030. There was 3 new commercial construction permits issued in Victoria for the month of September totaling an amount of $7,750,000. New signs permits for the month of September were 2 with a total permitted amount of $17,350. So for this fiscal year, 155 residential permits were issued with a valuation of $24,905,092 and 32 new construction permits were issued with a total valuation of $51,897,782. The City’s fiscal year begins in October.
Labor Market and Career Information
The Labor Market & Career Information Department (LMCI) of the Texas Workforce Commission provides statistics and analyses on the dynamics of the Texas labor market and informational products designed to support informed educational and career decisions. In addition, LMCI provides a wide array of career and occupational information through software programs and printed publications.
Texas added 413,700 jobs over the year. Largest annual job growth ever recorded for Texas. Victoria’s unemployment rate stands at 3.9%.
What is the Building Going Up at Airline and John Stockbauer?
That building is the new corporate headquarters of CivilCorp. It is a 23,000 SF professional building. CivilCorp, LLC will occupy the third and offer the ground and second floor for lease. Construction began in January 2014 and will be completed in December 2014. The building overlooks the No. 2 putting green of the Club at Colony Creek. The address is 4611 Airline Dr.
The Victoria Chamber of Commerce Backs Prop 1 on the November Ballot
The Victoria Chamber Board has voted to urge citizens to vote for Prop 1 on the Nov. General Election Ballot. The amendment will provide about $1.7 Billion in additional funding to be dedicated to the Department of Transportation next year. That amount will likely increase annually over the next few years. This amendment in no way creates a new tax or new fees on citizens or businesses. The voter dedicated funds can only be used for new road construction and highway preservation. These funds may not be used for toll road projects.
For more information visit: www.transportationadvocatesoftexas.org
New Flights Out of Victoria Regional Airport Start Nov. 1
This is part of the first paragraph of the USDOT Order:
By this Order, we approve Victoria County’s (Victoria) application under the Alternate Essential Air Service (AEAS) Program. The Department will enter into a Grant Agreement with the community to provide funding for regularly scheduled charter service consisting of at least 1,032 annual nonstop flights between Victoria Regional Airport (Victoria) and Dallas/Fort Worth International Airport (DFW), and Austin-Bergstrom International Airport (AUS), for a two-year period from November, 1, 2014, when the Part 135 and/or Part 121 direct air carrier inaugurates service at Victoria through October 31, 2016. By the terms of the Grant Agreement, service will be provided utilizing 19-passenger two-pilot, twin-engine aircraft…
Public Charters website: http://www.publiccharters.com/routes-schedules/
Website for booking flights: http://www.publiccharters.com/traveling-with-us/reservations/
New Chamber Members
Aaron’s Sales & Lease Bright Water Senior Living of Victoria
3801 Houston Hwy., Ste 100 1303 N. John Stockbauer Dr.
Victoria, Texas 77901 Victoria, Texas 77904
(361) 573-0149 (361) 500-6651
Fashionista Studio HardCore Fitness
2002 E. Red River 109 Monterrey Dr.
Victoria, Texas 77901 Victoria, Texas 77904
(361) 550-7546 (361) 293-1229
PeopleFund State Representative Lois W. Kolkhorst
2921 E. 17th St. Bldg. D, Suite 1 2000 South Market St., Suite 101
Austin, Texas 78702 Brenham, Texas 77833
(512) 472-8087 (979) 251-7888