Board Member
HEB Food Stores
Lola Castro
February 13, 2014
Victoria Chamber Quick Facts for February 2014
February 12, 2014
Welcome to the February Victoria Chamber Quick Facts. We hope that the information in this email will benefit your business.
Local Housing
The average sales price for residential homes was $166,579 for the 12 months ending December 2013, up -1.0% versus the same period ending December 2012. Total sales of residential homes in the Victoria MLS for the same period was 909, 5.8% higher than the same period in 2012. Median home price for Victoria over the past 12 months is $151,000 up 2.0% from the same period in 2012. Total volume of sales was $151,420,093 compared to $144,497,832 up 4.8% from 2012. Active listings are 211 compared to 257 in 2012 down 17.9%. The average Days on Market for residential homes for the 12 months ending December, 2013 was 96, 1.0 % 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 January saw 9 new residential permits issued. The total permitted valuation for residential permits is $1,598,495. There was 2 new commercial construction permits issued in Victoria for the month of January totaling $2,975,000. New signs permits for the month of November were 5 with a total permitted amount of $47,463. So for this fiscal year, 32 residential permits were issued with a valuation of $5,031,496 and 10 new construction permits were issued with a total valuation of $23,165,468. The City’s fiscal year begins in October.
Texas Overtakes California in Tech Exports
Surpassing California for the first time, Texas is leading the nation in technology-related exports, according to a new report. State companies that make computers, semiconductors and communications equipment, among other products, exported more than $45 billion in products in 2012, according to the TechAmerica Foundation, a tech industry lobbying firm.
http://trailblazersblog.dallasnews.com/2014/02/texas-surpasses-california-as-top-tech-exporter.html/
Eagle Ford Helps Anadarko Achieve Record Onshore Production
Anadarko set a new record for onshore U.S. sales volumes with 590,000 boe/d of production in the third quarter. The record was achieved through growth in areas like the Eagle Ford.
Anadarko’s Eagle Ford production grew 4% from the previous period to 50,000 boe/d in the third quarter. More impressively, the company has grown production from the play by 38% over this time in 2012.
http://eaglefordshale.com/news/eagle-ford-helps-anadarko-achieve-record-onshore-production/
Port of Victoria
Quite a bit is happening at the Port of Victoria. In the Metropolitan Planning Organization meeting this week, Randy Bena with CivilCorp, reported that approximately 2 million barrels of oil are being exported out of the port each month. The port now has 8 terminals up and running with the port looking to build another oil dock that will allow 2 and possibly 3 barges loading at the same time. A barge parking facility is being built on a 1,800 acre site that the port owns South of INVISTA. This will allow barges to be parked and stored for use.
2014 Victoria Chamber Transportation and Development Conference
Join us for the 2014 Victoria Chamber of Commerce Transportation and Development Conference, Title Sponsor, CivilCorp. Panel discussion on transportation updates in the crossroads area with city, county, and state participation. Economic Development Update with VEDC and leading industry in Victoria. Continental breakfast and lunch. $15 to attend. March 6, 2014 at the UHV Multi-purpose Room at 3007 N. Ben Wilson from 7:30 am to 1:00 pm. Sponsorships available. For more information or to make a reservation call (361) 573-5277.
New Chamber Members
All State Insurance Company Citius USA, LLC
5803 John Stockbauer 1604 N. Ben Wilson
Victoria, Texas 77904 Victoria, Texas 77901
(361) 578-3050 (361) 687-4153
DaVita Spring Creek Dialysis Elegant Limousine & Charter
301 E. Airline 1508 N. Ben Jordan
Victoria, Texas 77902-3343 Victoria, Texas 77902
(361) 572-3343 (361) 894-5466
www.davita.com www.elegantride.us
Rabo AgriFinance The Victoria Plastic Surgery Center
101 W. Goodwin, Suite 925 110 Medical Dr.
Victoria, Texas 77901 Victoria, Texas 77904
(361) 249-4011 (361) 572-9833
Victoria Chamber’s Quarterly Newcomers Social
February 3, 2014
The Victoria Chamber of Commerce’s Quarterly Newcomers Social will be held on February 13, 2014 from 5:30 pm to 7:00 pm at the Hilton Garden Inn located at 123 Huvar St. If you are new to Victoria, come out and join us as we introduce you to some of the amenities of Victoria and tell you a little bit about our community. Appetizers will be provided. Cash Bar. For more information call (361) 573-5277.
Ribbon Cutting for the Center for Peace
February 3, 2014
The Chamber of Commerce will be cutting a ribbon for the Center for Peace on Friday, February 7 at 10 am located at 506 Juan Linn. Please join us as we show our support for the Center for Peace.
Victoria Chamber Quick Facts for December 2013
December 20, 2013
Welcome to the December Victoria Chamber Quick Facts. We hope that the information in this email will benefit your business.
Local Housing
The average sales price for residential homes was $166,176 for the 12 months ending November 2013, up 4.6% versus the same period ending November 2012. Total sales of residential homes in the Victoria MLS for the same period was 901, 3.7% higher than the same period in 2012. Median home price for Victoria over the past 12 months is $150,000 up 3.4% from the same period in 2012. Total volume of sales was $149,724,565 compared to $143,136,729 up 4.6% from 2012. Active listings are 237 compared to 290 in 2012 down 18.3%. The average Days on Market for residential homes for the 12 months ending November, 2013 was 98, 3.2 % longer than the same period last year.
There is a 2.9 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 November saw 8 new residential permits issued. The total permitted valuation for residential permits is $1,305,095. There was 3 new commercial construction permits issued in Victoria for the month of November totaling $14,808,803. New signs permits for the month of November were 21 with a total permitted amount of $446,710. So for this fiscal year, 17 residential permits were issued with a valuation of $2,593,668 and 8 new construction permits were issued with a total valuation of $20,190,498. The City’s fiscal year begins in October.
ConocoPhillips Is Increasing Eagle Ford Sending in 2014
ConocoPhillips will spend $16.7 billion in 2014 (6% more than 2013) and 55% of the total ($9.18 billion) is allocated in North America.
Within North America, Conoco expects continued growth from the Eagle Ford, Bakken, and Permian plays.
Approximately $4.3 billion will be spent on development drilling in the Lower 48 states. The budget includes “increased investment in the drilling programs in the Eagle Ford, Bakken and Permian.”
Conoco has a five year plan to invest $8 billion in the Eagle Ford and grow production to almost 150,000 boe/d by 2017. The company has 227,000 net acres prospective for the play and an estimated resource potential of 1.8 billion boe.
The Victoria College Emerging Technology Center
Victoria College is laying concrete and putting up steel on the new Emerging Technology Center
Phil Wilson Named New LCRA General Manager
Phil Wilson, the Texas Department of Transportation’s executive director, will become the new general manager of the Lower Colorado River Authority, LCRA’s board decided Wednesday. Wilson will replace Becky Motal, who is stepping down at the end of the year.
The decision came less than a month after the agency had named an interim general manager — Ross Phillips, who is Motal’s deputy — to take over after her departure, while continuing to search for a permanent replacement. Phillips will assume the position for the month of January, and Wilson will take over in February. A TxDOT spokesman said no transition plan is yet in place for his impending departure.
Victoria Chamber of Commerce’s New Prices for Monthly Luncheons
The Victoria Chamber of Commerce is changing its prices for the Monthly Luncheons. The luncheons have been held for ten years and we have always kept them at the same price. Our cost for the luncheons have increased during this time and we need to change our price to accommodate this increase. The new structure will be as follows:
1. Pay for the entire year up front for $165. This will be 11 luncheons with no refund if you do not attend.
2. Pay $17 to call in and make a reservation by the Friday preceding the luncheon.
3. If you make a reservation after Friday, the cost is $20.
4. A non-member is $22.
We will continue to bring you timely and relevant programing for the monthly luncheons and look forward to seeing you there.
New Chamber Members
Cash America Pawn of Victoria First State Bank
5508 N. Navarro 5101 John Stockbauer
Victoria, Texas 77902 Victoria, Texas 77901
(361) 576-6051 (361) 648-5430
First United Methodist Church Freedom Bail Bonds & Insurance Services
407 N. Bridge St. 306 W. Rio Grande, Suite B
Victoria, Texas 77902 Victoria, Texas 77902
(361) 578-2701 (361) 579-0204
www.fumcvictoria.com www.freedom-bailbonds.net
House of Bread- Victoria Riverside Golf Course
6304 N. Navarro 302 McCright Dr.
Victoria, Texas 77904 Victoria, Texas 77902
(361) 579-0221 (361) 573-4521
www.houseofbreadvictoria.com www.vpiarivesidegolf.com
Citius USA, LLC
1604 N. Ben Wilson
Victoria, Texas 77901
(361) 687-4153
2014 Annual Victoria Chamber Membership Banquet
December 18, 2013
Please Join us for the Victoria Chamber of Commerce 2014 Annual Membership Banquet on January 30th at the Spring Creek Place Event Center. It will be an evening of fun, appreciation, and recognition of our membership. Join us as Jeff Reeter, Managing Partner for Northwestern Mutual in Houston and a Regent for Baylor University, is our keynote speaker for the evening. This is our chance to thank you, our members, for your support this year and present our year end awards. Our success this year is because of your support and involvement.
Jeff Reeter graduated from Baylor University in 1984 and joined Northwestern Mutual in Dallas as a Financial Representative.
In 1996, he was appointed Managing Partner in Fort Worth, becoming the youngest Managing Partner in the Northwestern Mutual system. He has won the prestigious Managing Partner Achievement Award, is a graduate of The Wharton Securities Industry Institute and earned his CLU Designation through The American College. Jeff is also a member of the 1980 Undefeated Southwest Conference Champion Bears Football Team.
Guided by his commitment to serving others, Jeff Reeter is passionate about a number of community organizations. He serves on the Board of Regents for Baylor University, the board for the Greater Houston Partnership, Houston Christian High School, National Christian Foundation and Liberty Institute. He is a member of the American College President’s Circle and a life member of the Million Dollar Round Table. Jeff is Regional Director for Men at the Cross; member of the CEO forum; and a member of the Council for National Policy.
Jeff has experienced success building organizations and financial services but he also has a huge passion for being a catalyst for growth in the lives of others. Jeff is a recognized consultant and popular speaker on achieving success in various areas of life.
Event Info
January 30, 2014
Private Sponsors Reception: 5:30 pm to 7:00 pm
General Seating 6:30 pm Dinner 7:00 pm Program 8:00 pm
12116 Nursery Dr., Spring Creek Place Event Center
Private Sponsors Reception: 5:30 pm to 7:00 pm
General Seating 6:30 pm Dinner 7:00 pm Program 8:00 pm
12116 Nursery Dr., Spring Creek Place Event Center
For more information call (361) 573-5277
Ribbon Cutting for Re/Max Land and Home
December 18, 2013
Join the Chamber as we cut a ribbon with Re/Max Land & Home located at 5215 N. Navarro on Thursday, December 19th at 11:30.
