BOERNE TOTAL SALES IN OCTOBER DOWN BY $2.9M
November 6th, 2008 categories: About the Local Market, Assessing the Local Market, Real Estate Stats & Issues
Total sales were down in Boerne last month in every category. Residential sales were down (but not by much) – 94% of last year’s sales. Lots and Acreage came in very low at 36% of last year’s sales. Commercial (Improved Properties) were 90% of last year’s sales. There were NO Farm & Ranch sales during the month of October in Boerne.
The interesting piece of data: Even though the number of Residential Sales was down by 7, the Average Residential Sales Price rose from $323,850 in October, 2007 to$448,500 in October, 2008. That was NOT due to an overall increase in the market value. It was because more HIGHER priced homes were selling than lower ones.
Summary:
DOWN MARKETS: Lower priced homes, unimproved land & Farm & Ranch.
RELATIVELY STABLE MARKETS: Higher priced Homes and Commercial (improved).
In the present market, it is important to have the most up-to-date information possible. Please give us a call if you are considering a purchase or sale anywhere along the I-10 Corridor of the Hill Country (Boerne-Comfort-Kerrville Fredericksburg markets).
It would be our pleasure to serve you. 830-995-2511
RESPOND WITH YOUR MOOS & VIEWS HERE
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