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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The Kerrville Real Estate Market Faring Much Like Wall Street
March 4th, 2009 categories: About the Local Market, 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.
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KERR COUNTY DEMOGRAPHICS
April 30th, 2008 categories: About the Local Market, Relocating to the Hill Country
Information Source: Kerr County Official Public Records
Kerr County is a county located in the U.S. state of Texas. In 2000, its population was 43,653. Its county seat is Kerrville.
Kerr County is named for James Kerr, a congressman of the Republic of Texas
As of the census² of 2000, there were 43,653 people, 17,813 households, and 12,308 families residing in the county. The population density was 15/km² (40/mi²). There were 20,228 housing units at an average density of 7/km² (18/mi²).
The racial makeup of the county was 88.89% White, 1.78% Black or African American, 0.56% Native American, 0.51% Asian, 0.05% Pacific Islander, 6.60% from other races, and 1.62% from two or more races. 19.13% of the population were Hispanic or Latino of any race.
There were 17,813 households out of which 25.50% had children under the age of 18 living with them, 56.80% were married couples living together, 9.20% had a female householder with no husband present, and 30.90% were non-families. 27.50% of all households were made up of individuals and 15.00% had someone living alone who was 65 years of age or older. The average household size was 2.35 and the average family size was 2.84.
In the county, the population was spread out with 22.70% under the age of 18, 6.70% from 18 to 24, 22.20% from 25 to 44, 23.50% from 45 to 64, and 24.90% who were 65 years of age or older. The median age was 44 years. For every 100 females there were 92.00 males. For every 100 females age 18 and over, there were 87.80 males.
The median income for a household in the county was $34,283, and the median income for a family was $40,713. Males had a median income of $27,425 versus $21,149 for females. The per capita income for the county was $19,767. About 10.30% of families and 14.50% of the population were below the poverty line, including 21.60% of those under age 18 and 8.40% of those age 65 or over.
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