Christmas in Comfort 2011 – November 26th
November 6th, 2011 categories: Places to Go & Things to Do
Come enjoy this Saturday, the 26th in downtown Comfort for Christmas in Comfort. Festivities start in the town square at 10 a.m. with lots of wonderful vendors, a live music stage and plenty of food and beverages. Don’t forget the famous lighted parade that starts at 7 p.m. so bring your chair and blankets! We’ll see you there!
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HARD TO FIND “BUILDABLE LOT” IN COMFORT – REDUCED TO $39,000
May 24th, 2011 categories: Featured Properties
Come check out this hard to find “buildable” lot in Comfort. End of road privacy and within walking distance of downtown and Cypress Creek. Property is in the flood fringe area and requires raised foundation. Adjacent lot is built on … so you can see the possibilities.
Lot is in Kendall County Water Control District so public water and sewer is available. Tap fee applies. Minimal restrictions. Contact Julie for more information. 830-995-2511
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REAL ESTATE SALES TREND ON ITS WAY BACK UP – KERR COUNTY, TEXAS
May 11th, 2011 categories: About the Local Market, Assessing the Local Market
Sales in Kerr County are finally on their way back up. The total real estate market is only at 52% of the market height in 2007 but is up 11% from last year. The average sales price increased slightly from $181,742 to $183,095.
It is our feeling that the market has not recovered as much as in adjoining Kendall County because there have been fewer “deeply discounted” properties. With so much on the market, buyers are looking for “deals.” If a property doesn’t “shine” next to its competition and truly feel like a “deal,” savvy buyers will pass for the next more appealing property. The moral: Property pricing is more important than ever!
Regardless, we are encouraged by the turn in the trend. We’d love to talk with you about YOUR real estate needs. Give us a call at 830-995-2511.
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KERR COUNTY REAL ESTATE SALES ARE STILL SLOW – January to September 2010
October 4th, 2010 categories: About the Local Market, Assessing the Local Market
Year to date (January to September) real estate sales are down for 2010 … $7 million from 2009 and a whopping $60 million from 2007.
September sales were just about even from last year providing some hope that sales decreases may have begun to “bottom out.”
There are SOOO many properties on the market right now providing year end opportunities for investors with cash and home buyers “READY” to move. We’d love to help you find what YOU are looking for. Give us a call at 830-995-2511.
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JANUARY TO SEPTEMBER SALES UP IN COMFORT, TEXAS
September 14th, 2010 categories: About the Local Market, Assessing the Local Market
Increases in sales of Farm and Ranch and Lots/Acreage provided the stimulus for total real estate sales increases in Comfort, Texas so far this year. Looks like hill country land is coming back in vogue again!
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!
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2010 VARSITY FOOTBALL SCHEDULE – KERRVILLE TIVY ANTLERS
September 8th, 2010 categories: Places to Go & Things to Do
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SLIGHT INCREASE IN REAL ESTATE SALES IN KERR COUNTY FOR FIRST 5 MONTHS OF THE YEAR
June 4th, 2010 categories: About the Local Market, 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.
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FUN PICTURES FROM YESTERDAY’S SNOW IN THE HILL COUNTRY
February 24th, 2010 categories: Comfort Community News, Views & Faces, Places to Go & Things to Do
Here are a few pictures from yesterday’s snow:
Tailgate Party in the Hill Country with Frosty
Snow Chilled Longhorn
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KERRVILLE REAL ESTATE SALES DOWN FOR 2009
January 6th, 2010 categories: About the Local Market, 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.
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KERRVILLE AREA SALES – OCTOBER
November 6th, 2008 categories: About the Local Market, Assessing the Local Market
Sales in the Kerrville area were WAY down during October. Total sales in the entire Kerrville MLS totalled $21.06 Million last October. This year, they were $12.42 Million.
The percentage decreases according to each category were as follows:
As was also seen in the Boerne area (see ARTICLE: BOERNE SALES IN OCTOBER), the Average Residential Sales Price increased ($199,413 in October, 2007 to $231,557 in October, 2008). This was NOT due to an overall increase in the market but RATHER to an increase in the value of the homes that ARE selling. The conclusion: There are fewer buyers in the lower price ranges. Not surprising given the tightening in the financial markets. Stricter guidelines, higher downpayments, and higher credit scores are now being required and that is affecting the lower priced homes the most.
For opportunities in the overall market, read my article, CONSEQUENCES OF THE BAILOUT – REAL ESTATE OPPORTUNITIES.
Just remember, in every market there are opportunities. We are seeing more and more of them each week and anticipate by the end of the year, there will be a large number of them.
If you are interested in the Kerrville/Center Point/Comfort/Boerne markets, please give us a call (830-995-2511). We’d love to hear what it is that you are looking for you and then help you find it.
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