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

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.

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.

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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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.

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.

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.