COMFORT, TEXAS – 2009 REAL ESTATE FIGURES SOUND GOOD???
January 5th, 2010 categories: About the Local Market, 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.
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BIG RANCH SALE CAUSES COMFORT SALES TO RISE IN OCTOBER
November 6th, 2009 categories: About the Local Market, 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.
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SLOW MONTH IN BOERNE – OCTOBER REAL ESTATE SALES
November 6th, 2009 categories: About the Local Market, Assessing the Local Market
Real Estate sales were slow during the month of October in Boerne. Sales totalled $7,434,930 as compared with $10,831,320 in October 2008 and $11,840,353 in October 2008.
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.
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BOERNE SALES UP FOR JUNE, SLIGHTLY DOWN FOR JULY
August 3rd, 2009 categories: About the Local Market, 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.
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REAL ESTATES SALES IN COMFORT, TX STILL LAGGING IN JUNE & JULY
August 3rd, 2009 categories: About the Local Market, 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.
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GUITAR PICKIN’ WITH A PATRIOTIC FLAVOR – LUCKENBACH, TEXAS – AUGUST 23, 2009
July 22nd, 2009 categories: Places to Go & Things to Do
Here’s a fun item you won’t want to miss, especially if you are of the guitar pickin’ persuasion. A gathering will be held on August 23, 2009 to attempt to break the World Record for the Biggest Guitar Pickin’ Session ever! Everyone’s welcome to bring small instruments like fiddles, banjos, or shakers but most importantly, BRING GUITARS AND YOUR PICKIN’ BUDDIES!
The event will benefit our troops coming home, with emphasis on those having suffered Traumatic Brain Injuries while in combat. Check out VoicesofAGratefulNation.org for more information and See you there!
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MARKET DATA FOR COMFORT TEXAS: February was a good month!
March 6th, 2009 categories: About the Local Market, Assessing the Local Market
Real estate sales in Comfort, Texas during February were stronger than last year’s figures. There were 3 sales totaling just under $1.4 million which compares with 6 sales totaling just under $1.2 million during February 2008.
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.”
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PRICEY HOME SALES IN BOERNE CONTRIBUTED TO STELLAR SALES FIGURES FOR JANUARY & FEBRUARY
March 5th, 2009 categories: About the Local Market, Assessing the Local Market
Four home sales totaling $7.1 Million contributed to better than average sales figures for the Boerne area during the months of January and February. One might actually use the word, “STELLAR” if comparing these statistics with the national market .
All in all, there were a total of 40 sales that amounted to $17 Million during the months of January and February as compared with 59 sales totalling $18.7 Million during the same time period the previous year.
Based on these figures, it appears that the Boerne market may be on the road to recovery. Good news for anyone that has been sitting on the fence waiting for the market to recover before placing their home on the market. If that’s you, give us a call and we’d be happy to give you a free market analysis for your home.
And, if you are interested in buying in the Boerne area, we’d love to represent you. Our number is 830-995-2511.
Our encouragement to you in this market: Get good advice! Move in peace! Live in Freedom!
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Kendall County December Jobless Rate Down – Hooray for Good News!
January 30th, 2009 categories: About the Local Market, Assessing the Local Market
According to a Boerne Star article, Kendall County’s unemployment rate decreased in December according to labor market statistics released by Workforce Solutions Alamo. The county’s jobless rate for the month was 4.3 percent, down from 4.5 percent reported in November.
For full article, Click Here
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Slow Down in Kendall County Development – Boerne Star Article
January 27th, 2009 categories: About the Local Market, Assessing the Local Market
Our goal is to keep you up-to-date with the latest information about the Hill Country economy.
The Boerne Star reported that development activity in the county in 2008 was down about 40 percent from 2007. Kendall County Development Manager Rick Tobolka told Kendall County Commissioners on Monday, ‘We are continuing to grow, but things have slowed down from last year’ . For the full article:
Development Down 40 percent in County, James Kiehl River Bend Park on Schedule for Spring Opening
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