SLIGHT INCREASE IN REAL ESTATE SALES IN KERR COUNTY FOR FIRST 5 MONTHS OF THE YEAR
June 4th, 2010 categories: Assessing the Local Market
So far this year, Real Estate sales in Kerr County are slightly up from last year; however, way down from 2008. Total sales in Kerr County for January to May 2010 totaled $33.8 Million. There were 186 sales.
The average home price in 2008 was $220,921; in 2009, it was $223,123, and in 2010, it was $199,996. Those figures, in our opinion, represent what we have been seeing happen. In 2008, sales were still strong and prices were at their height. In 2009, sales were off, but prices were not coming down like one would expect. During 2010, prices are definitely lower. We have been telling our clients that prices are down by about 10%. These figures substantiate that information.
We feel like it is a really good time to buy. Prices are down and interest rates are still low. If you have been sitting on the sidelines waiting for the right time, now is the time to jump in! Give us a call. We’d love to help you find what YOU are looking for.
RESPOND WITH YOUR MOOS & VIEWS HERE
| Discussion: 1 Comment »
KERRVILLE REAL ESTATE SALES DOWN FOR 2009
January 6th, 2010 categories: Assessing the Local Market
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.
RESPOND WITH YOUR MOOS & VIEWS HERE
| Discussion: No Comments »
COMFORT, TEXAS – 2009 REAL ESTATE FIGURES SOUND GOOD???
January 5th, 2010 categories: Assessing the Local Market
Believe it or not … Real estates sales in Comfort, Texas were actually up for the year! Two categories – Residential and Farm/Ranch were up. Two categories – Acreage/Lots and Commercial were down.
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.
RESPOND WITH YOUR MOOS & VIEWS HERE
| Discussion: No Comments »
BIG RANCH SALE CAUSES COMFORT SALES TO RISE IN OCTOBER
November 6th, 2009 categories: Assessing the Local Market
Real estate sales in Comfort, Texas totalled $1,622,329 due to the sale of a 158 Acre Ranch just outside of Comfort on Mill Dam Road. That compares with $325,000 in October, 2008 and $424,000 in October, 2007.
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.
RESPOND WITH YOUR MOOS & VIEWS HERE
| Discussion: No Comments »
BOERNE SALES UP FOR JUNE, SLIGHTLY DOWN FOR JULY
August 3rd, 2009 categories: Assessing the Local Market
Boerne Real Estate Sales are up for the Summer so far. Total Sales for June & July were $29.9 million as compared with $25.7 last year during the same period.
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.
RESPOND WITH YOUR MOOS & VIEWS HERE
| Discussion: No Comments »
REAL ESTATES SALES IN COMFORT, TX STILL LAGGING IN JUNE & JULY
August 3rd, 2009 categories: Assessing the Local Market
There were 4 residential sales in the Comfort ISD totaling just under $1.2 Million during the month of July selling at 94% of List Price. Inventory has been surprisingly low this Summer … so sales are down.
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.
RESPOND WITH YOUR MOOS & VIEWS HERE
| Discussion: No Comments »
KERR COUNTY REAL ESTATES SALES – SUMMER SO FAR ABOUT EQUAL TO LAST
August 3rd, 2009 categories: Assessing the Local Market
Real Estate Sales in Kerr County during the month of July slowed a bit. Sales amounted to $11.1 Million as compared with $13.5 Million a year earlier, down from June’s increase.
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.
RESPOND WITH YOUR MOOS & VIEWS HERE
| Discussion: No Comments »
JUNE SALES UP IN KERR COUNTY
July 9th, 2009 categories: Assessing the Local Market
Finally, some good news for the Kerrville real estate market! Kerr County Sales were up in June just over $1.5 million from last year.
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
RESPOND WITH YOUR MOOS & VIEWS HERE
| Discussion: No Comments »
REAL ESTATE SALES IN KERR COUNTY: $5.7 MILLION FOR MONTH OF MAY, $33 MILLION FOR YEAR SO FAR
June 2nd, 2009 categories: Assessing the Local Market
Given the recessionary climate that we have been in this last year, every one is watching and waiting for the real estate market to turn around. Will it happen this month? Will it be next?
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!
RESPOND WITH YOUR MOOS & VIEWS HERE
| Discussion: No Comments »
The Kerrville Real Estate Market Faring Much Like Wall Street
March 4th, 2009 categories: Assessing the Local Market
On Monday, the Dow Jones industrial average fell to 6,763 — the lowest close for the Dow since April, 1997. The 300-point drop Monday leaves the index more than 52 percent below its record high of 14,164.53 set in October 2007.
The Texas Hill Country real estate market, while still doing better than the national market, is experiencing a similar decline as that of Wall Street. Kerrville, Texas Real Estate Sales in January & February 2009 totaled just $7.67 million, equivalent to just 46.7% of last year’s sales.
It is commonly understood that in an unstable environment, “Big Ticket Items” get hit the worste. People delay purchases … especially big ones until they feel more certain about the future. Real Estate certainly is one of the “Big Ticket Items” that is suffering in the current economic environment.
What will it take to create a more certain future? I imagine just time. In our opinion, the real estate market, like the stock market, was due a “correction.” People get caught up in the frenzy and make unwise decisions … not based on fundamentals. The good side to a correction is people start making sensible decisions about how they spend their money. And, the ones that don’t OVERREACT can seize opportunities. When the market is down, deals can be found more easily!
The good news is that, historically, real estate has been one of the best places to invest money in uncertain times. Real estate is a “real” asset … meaning it is a tangible, real asset … It can’t be taken away … It’s not just on paper!
We believe that it is time for many who have lost money in the stock market to consider investing in real estate.
The Texas Hill Country is still one of the best places in the country to invest. Tourism and retail sales are still strong.
Our encouragement to you is: Live fully and yet wisely! And keep the long term perspective!
We’d love to help you find your Hill Country dream home! Give us a call at 830-995-2511.
RESPOND WITH YOUR MOOS & VIEWS HERE
| Discussion: No Comments »
