On the other hand, residential sales are down so far this year. As I quickly look through the residential sales so far in 2010 (14 so far compared to 16 last year during the same time period), I am reminded that many of them were at deep discounts from original list price. The average list price to sales price ratio was 88.4%

As for the outlook for THE ENTIRE HILL COUNTRY for the balance of the year, here are some things to consider:

Tax rates are set to increase next year. Current land owners: This year may be an opportune time to realize gains on real estate at lower tax rates.

There is currently a “glut” of residential properties on the market.  Since there is so much competition, homes that are “average” just aren’t selling.  Prices are being reduced time and time again in order to get market attention. As such, we believe that by end of year there will be some great “buys” on homes that need a little TLC.

We’d love to serve you whatever your real estate needs are.  We work from Leon Springs to Mountain Home, Bandera to Johnson City.  Give us a call!

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.

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.

Two of the 3 sales were properties greater than 25 acres.  In a rural area such as Comfort, properties with large acreages generally make up a large portion of the overall sales figures.  Hopefully last month’s results indicates a change in the trend as sales of large acreages were off during most of 2008.

We are generally optimistic about Comfort for 2009.  Several new “tourist destinations” are expected to make their home in the Comfort area … which should help the overall economy and the appeal of the area.  Also, we believe the trend toward “small town” living will continue.  Many people believe that Comfort is the first “true” small town in the Hill Country outside of San Antonio … so it has great appeal to those looking for that quaint, “All American”, small town feel.

The Hill Country is a great place to live … So, if Comfort is what you’re looking for, give us a call.  We’d love to help you find your “Hill Country Dream Home.”