Not surprisingly, real estates sales were down in the Kerrville area during 2009. There were 442 sales in 2009 totalling $80.013 Million as compared with 512 totalling $99.687 Million in 2008.  Average days on market increased from 174 days in 2008 to 188 in 2009 and Average List/Sold Price declined from 94.33% in 2008 to 92.33% in 2009.  Overall, the market was down 20% for the year … No surprise given the economic slowdown last year.

In a small market, a few sales can make a real difference.  In the residential market, the average price per item sold increased 42% from $247,833 to $352,887.  What that means is that not only were there 2 more sales in 2009 (20 vs. 18) but the properties that sold were considerably more expensive.  That is not due to price increases but instead, the properties that sold were higher end.  That continues the trend in this area during the economic downturn.   It is the higher priced properties that have continued to sell.   7 of the 20 residential properties that sold were $500,000 and up.   In the Farm/Ranch category, one ranch sale (at $1,530,329) accounted for the lion’s share of the increase.

What does this mean about the market?  An improving market is at work.  Our observations are:

• Sellers have realized that they need to be more realistic in their pricing.
• People’s perception about the economy is improving.
• Expectations of inflation makes real estate a “safe” investment.

We do our best to provide you with the best information available so that you can make an informed decision whether you are a buyer or seller.

We strive to help our sellers price their properties competitively so that they get SOLD.  In the current market, that is especially important so we can really HELP you!

If you are a buyer, we are currently aware of several “real buys.”  Call for more information.

Each person’s scenario is unique.  We’d love to help you with yours.

There are some nice properties in the Comfort area that have been on the market for a while.  We feel like there are some good deals to be had in the Hill Country.  We’d like to visit with you about them.  Give us a call at 830-995-2511.

It would seem that we are still experiencing negative growth here in the Hill Country.  We have heard many economists predict that since the downturn was felt much later here than the nation as a whole (and certainly much less severe), it is likely that the upturn will be felt later as well.

Certainly there is much more activity though.  We are hopeful that that will translate into more sales for the upcoming months.  We’d like to here your predictions.  Feel free to comment.

The number of total sales for June & July was up by 7; however, days on market increased  from 138 to 200 from July, 2008 to July, 2009 reflecting increased inventories.  Pending sales as of August 3, 2009, total just over $11.2 million.

We watch the Boerne market daily.  If you have something specific that you are interested, we’d love to help you find what you are looking for.

Recently, we were contacted by a gentlemen.  He had previously been in contact with a listing agent on a property, tried to make an offer, but did not get the property as there were competing bids.   The moral of the story (as he found out) is that Buyers need their own representation.  It eliminates conflicts of interest and it provides you, the buyer, with the best market information possible.

Our goal is to EXCEED YOUR EXPECTATIONS BY GIVING YOU ABOVE & BEYOND SERVICE.

We’d love to visit with you.  Call us at 830-995-2511.

However, during the last several weeks we’ve seen a number of new properties come on the market.  Be sure and check our MLS Search engine to find out about those properties.

One recent buyer client told us that we provided them with the BEST experience that they EVER had with a real estate agent!  Our goal is to EXCEED YOUR EXPECTATIONS WITH ABOVE & BEYOND SERVICE!

Our offices are located in Comfort but we sell from San Antonio to Kerrville, from Bandera to Fredericksburg.    Give us a call. We’d love to help!  830-995-2511.

It would seem that the Kerr County market is continuing to adapt to the changing, slower market as we take a closer look at other available data.  List/Sales Price decreased from 95% in July, 2008 to 93% in July, 2009 meaning that buyers are still getting better deals, overall.  Inventory, which as been very high (there were 1121 Active listings as of July 31, 2009 as compared with 923 a year earlier) is finally seeing some improvement.  Days on market, a number that tells us how long it takes an average property to sell, decreased from 168 in July, 2008 to 152 in July, 2009.

Our Motto is “Connecting Buyers & Sellers for a Win/Win Result”.  We work hard to bring YOU the results you want!  Ask us , we’ll tell you how!  We can be reached at 830-995-2511.

There were 57 Sales last month (June 2009) with an average List/Sold % of 91.23% as compared with 54 Sales during the same period in 2008 (June 2008) with an average List/Sold % of 92.99%.  A few more sales and at a slightly deeper discount.  Hopefully, this signals a good finish for the year!

As always, we are here to help you with your real estate needs.  830-995-2511

There have been some statistics showing encouragement of late … particularly, the stock market that has been leveling out, consumer confidence is rising, and interest rates are continuing to be very low.

Most people in real estate will tell you that there has been a significant increase in traffic this last month.  Real Estate sales normally begin to increase in the month of May as Summer is traditionally the high season for moving.

In Kerr County, there were 35 sales totaling $5,676,350 during the month of May as compared with 59 sales totaling $11,879,775 during the same period last year.  Still significantly down; however, encouraging from the previous months.

For the year so far, here’s the data for Kerr County:

170 units sold totaling just over $33 million as compared with $273 units totaling $53.8 million. That’s 103 Units down for a total of just over $20 million!  WOW!  That’s quite an impact on the overall economy and particularly those in real estate.

We remain encouraged though.  Things are looking up!  As of June 2, There are currently 70 Listings totaling $15.7 Million in Kerr County listed as pending or active with a contingency.

People are learning to accept our new market conditions.  Prices are being lowered!  People are getting creative!  We’re all working harder! Real Estate always comes back around!!!

With every obstacle is an opportunity for a change for the better!  We’re doing our best to work smarter for our clients! And, as you can see, we are actively watching the real estate market so that we can provide YOU with the best information. Give us a call 830-995-2511 for more information and to find out how we can help you with your purchase or sale in the Hill Country.  We are members of the San Antonio, Kerrville & Gillespie MLS services and so can help you anywhere in that market area!

I guess the surprise is due to the increased number of properties under contract (5 currently).  It is likely that next month’s figures will be much better.  Also, there are several Comfort properties listed only in the Kerrville MLS.  None have sold to my knowledge; however, at least one is under contract.

The other interesting piece of data that I found for Comfort:

There are 202 Units of Real Estate currently on the market with a total market value (e.g., list price) of $73 Million.

Pretty significant for a little community of just over 5,000, huh?

If you’d like to add to or substract from that number, we’d love to help you!  We’re your source for real estate & community information for Comfort and the surrounding area! Give us a call 830-995-2511.