HILL COUNTRY OPPORTUNITIES: UNDERSTANDING THE KENDALL COUNTY MARKET
December 4th, 2008 categories: Assessing the Local Market
Kendall County Sales continued to be down by about one-third during the month of November although the market IS improving.
Residential Sales fared best (72% of last year’s total). Developable Land (Lots & Acreage plus Farm & Ranch) was 56% of last year. There were no commercial properties listed as sold during the month of November.
All the pressures of a weakening market are at work. The average sales price of a residential property in Kendall County during the month of November was $270,144 as compared to $294,693 last November. Average days on market was 146 vs. 135 last year. Sales Price/List Price (e.g., negotiating room) fell to 91.42% from 96.44% last year. The conclusion: Properties are moving better than last month as prices are falling … but still fewer properties have sold (18 vs. 23).
Overall, the Hill Country is still doing well (as compared to the nation as a whole). We anticipate that the Hill Country market will continue to recover as it has great appeal for both the baby boomers and young families alike. We believe that right now is a great time to buy as prices have fallen from their record highs. We sell in Kendall, Kerr & Gillespie counties. Give us a call and we’d love to help you find what you are looking for!
RESPOND WITH YOUR MOOS & VIEWS HERE
Print This Post
