JULY REAL ESTATE SALES UP IN COMFORT ISD AREA
August 1st, 2008 categories: About the Local Market, Assessing the Local Market
Non-Commercial Real Estate Sales were up in July in the Comfort ISD Area according to San Antonio MLS Data. There were 9 Sales with a total value of $3,850,500.
Two were lots, 4 homes, 1 Ranch and 2 Acreages (both greater than 20 Acres). That compares to 10 Sales in the same period during 2007 (5 Homes and 5 Lots with a total value of $2,483,000). Sounds real good for Sellers? Yes and No. Properties are turning! Definitely Welcome news! However, when you compare the Ultimate Sales Price to the Last List Price, you will see that Sellers are having to negotiate on price a bit more this year than last. The Sales Price/Last List Price in July ‘08 was 93.04%. In July ‘07, it was 96.59%. That’s means the Sales Price had to be reduced an extra $3550 (per $100K of List Price) in order to get the sale. (This figure does not take into account any price reductions taken before the property went under contract.)
All of this data is helpful for you to know during your negotiations. We take pride in helping our clients get the best deal they can get. If you are a Buyer looking in the Hill Country area, we would love to help you find your “Hill Country Dream.” Call either Julie or Buddy and let us know what you are looking for. 830-995-2511.
For more information on Total Sales for This Year in the Comfort, Texas Area during the same period, go to:
YEAR SO FAR IN REVIEW – REAL ESTATE SALES – COMFORT AREA
We can supply the same information for you in the following areas: Kerrville, Fredericksburg, Boerne, Bandera, Leon Springs (or anywhere close to there). Just give us a call!
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