REAL ESTATE SALES – ARE WE PAYING TOO CLOSE ATTENTION TO THE WAY SALES “BOB UP AND DOWN”? FREDERICKSBURG TEXAS JANUARY & FEBRUARY 2009 RESULTS
March 4th, 2009 categories: About the Local Market, Assessing the Local Market, Real Estate Stats & Issues
President Barack Obama said on Tuesday that paying too close attention to how Wall Street “bobs up and down” could lead to bad long-term policy. “What I’m looking at is not the day-to-day gyrations of the stock market, but the long-term ability of the United States … to regain its footing.”
The same may be true when looking at real estate sales in Fredericksburg, Texas which were WAY down in January and February … just 33% of the previous year’s figures*. Sounds horrible? Should you run from this market?
It would seem to be a paradox … but Fredericksburg actually is thriving this year!
Pass through the town any day of the week, especially on weekends and you’ll see a city that is booming. Tourists galore!
Doesn’t quite fit with the real estate numbers? Well, go figure!
What we are hearing from the retailers in Fredericksburg is that sales are up! More people! And they’re still spending!
What’s happening is that, instead of taking trips to Europe, the Carribean, and other exotic places, people in Texas are taking small trips within the state … and Fredericksburg, still characterized by its German heritage, is a huge draw to the local tourists. Close to Austin, within driving distance of Dallas and Houston, and “smack dab in the middle of the Texas Hill Country,” people are taking weekend and extended visits to the Fredericksburg area.
Our feeling is that many of those tourists will take note of this quaint Texas town and, once optimism returns, will resume real estate purchases there.
Given that outlook, right now would be a prime opportunity to get into this market. Buyers are getting better deals than they have been in a long time! Give us a call if this interests you. We’d love to help you find your Hill Country dream home or ranch.
Our encouragement to you: Live life fully and yet wisely! And keep a long term perspective!
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*Also, keep in mind that a large portion of Fredericksburg real estate sales are large acreages and ranches. Just a few ranch sales can make up a large portion of the overall sales figures and a decrease in the number of ranch sales can make the picture look worse than it actually is.
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A TASTE OF COMFORT – SATURDAY, SEPTEMBER 27TH
September 22nd, 2008 categories: Places to Go & Things to Do
Comfort Food!
This year’s “A Taste of Comfort” is Saturday, September 27th. Here’s the details:
Taste of Comfort is sponsored each year by the Comfort Public Library. Local eateries and wineries are spotlighted.
This year’s participating restaurants are: :
- Cypress Creek Inn
- Double D Restaurant
- The Hen House
- High’s
- High Street Chocolates
- La Cave du Comfort
- Los Jarros
- Popo’s
- Sweet Comfort
- 814 Bistro
Participating Wineries include:
- Becker
- Singing Waters
- Comfort Cellars
- Sister Creek
- Grape Creek
- Torre Di Pietra
- Bell Mountain
Over 30 artists have contributed artwork for this fundraiser. Some will be sold through the Silent Auction; others will be auctioned off live. Samplings from the individual restaurants and wineries will be served between 5-6p.m. During this time, guests will be able to preview and bid on the Silent Auction items. The Silent Auction closes at 7:00 p.m. The Live Auction begins at 7:10 p.m.
A $5,000 prepaid gift card will also be raffled off at the end of the evening.
Location: Comfort Park on Hwy 27, starting at 5:00 p.m.
Cost: $10 for individual tickets sold at the Library or at the door.
Come and enjoy “Comfort’s Finest.” It’s a lot of fun and a great time to get to know your Comfort neigbors while raising money for the local Library. For more informantion, call 830-995-2398.
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