SLIGHT INCREASE IN REAL ESTATE SALES IN KERR COUNTY FOR FIRST 5 MONTHS OF THE YEAR
June 4th, 2010 categories: 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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SEND YOUR BUILDER OR PARK YOUR RV & BUILD – 11.4 ACRE HOME SITE WITH WELL, ELECTRICAL & SEPTIC IN PLACE
June 2nd, 2010 categories: Featured Properties
WOW! These don’t come around too often. Beautiful building site on an unrestricted acreage surrounded by nice homes with spectacular 360 degree views, paved road to property, fenced on all 4 sides, and a large variety of trees. You don’t have to have much vision to visualize what is possible. House site has been cleared and electrical, well, and septic are in place. Plus there’s a propane tank and barn suitable for storage to boot. Send your builder or park your RV and build yourself. Don’t miss this one! $129,900. Call Buddy 210-508-1606 for your personal showing.
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FUN PICTURES FROM YESTERDAY’S SNOW IN THE HILL COUNTRY
February 24th, 2010 categories: Comfort Community News, Views & Faces
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: 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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COMFORT, TEXAS – 2009 REAL ESTATE FIGURES SOUND GOOD???
January 5th, 2010 categories: 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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BOERNE SALES UP FOR JUNE, SLIGHTLY DOWN FOR JULY
August 3rd, 2009 categories: 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: 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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KERR COUNTY REAL ESTATES SALES – SUMMER SO FAR ABOUT EQUAL TO LAST
August 3rd, 2009 categories: Assessing the Local Market
Real Estate Sales in Kerr County during the month of July slowed a bit. Sales amounted to $11.1 Million as compared with $13.5 Million a year earlier, down from June’s increase.
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.
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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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“Texas is somewhat insulated from the nation’s economic problems” – Per Texas Comptroller
February 27th, 2009 categories: Assessing the Local Market
Here’s an interesting article posted by the West Kerr Current:
Texas Economy in Better Shape Than Most States’, says State Comptroller
By Clint SchroederWest Kerr Current
Texas Comptroller Susan Combs told a group of Kerr County residents Friday that Texas is in far better economic shape than most states, but won’t come through the current crisis completely unscathed.
Combs, speaking at the YO Ranch Resort Hotel and Conference Center in Kerrville, made her case.
“Texas is honestly, truly different, and I’m not being a Pollyanna,” she said.
Combs said the state diversified its economy after the crisis in the oil and gas industry here in the early to mid-1980s.
“We lost a couple of hundred thousand jobs and we had had overpriced housing, we had a housing bubble,” she said. “We went through all of that, and I think basically everybody said, ‘Never again!’
“Our state now is the second most diverse by economic measures in the country, second to California, and we are more diverse as an economy than Canada or Mexico,” she said.
As a result, Texas is somewhat insulated from the nation’s economic problems.
“I kind of like to say if the country is having pneumonia, we may have a case of the sniffles but we are not going to be in deep trouble,” Combs said.
She pointed out that Texas never got the overheated housing prices and didn’t get into subprime mortgages.
“We did not get crazy, and our community banks by and large have been absolute stalwarts,” she said. “They have done well, obeyed the rules.”
About one of 1,200 homes in Texas face foreclosure, she said, compared to one in 76 in Nevada or one in 200 in Florida.
“It’s all absolutely attributable to their nutty, insane housing prices. We have not done that,” she said.
Combs also said sales taxes have been a “rocket ship,” with 12 percent increases in recent years, sliding to 10.9 percent and last year to 6 percent. She is projecting 2.9 percent for the next biennium.
“You’re going to see sales tax increases decline,” she said. “People just aren’t going to be shopping as much. If you are in a somewhat struggling small sales business, it may be tough for you.”
High-end food enterprises will have a tougher time, she said, and people will move to general merchandise instead of specialty stores.
She also noted the state has lost jobs, about 27,000 in December, an abrupt change from creating 10,000 jobs a month — and that after generally creating 20,000 new jobs a month.
“I expect us to see a tough job time in Texas through the first two quarters of the year, which will take us through June, leveling out July-August, then picking back up again,” she said.
Combs said job losses could come in construction, which has slowed down both in residential and commercial sectors. Dallas could be hit in the financial sector, and Austin in high tech.
“I think it’s going to be relatively shallow in scope and relatively short-lived duration,” Combs said. “I know some people have already experienced some trouble starting two or three months ago, but the state of our economy is nonetheless so robust.”
She added that Texas is doing better than other places because, “We’re smarter. Unlike other states, we don’t think you can get something for nothing. We are really well grounded in standard economics.”
Combs credited legislators with the state government being in good financial shape.
“Your state government did not get nuts,” she said. “Your state government did not go on a spending spree. Your state government did not encumber all of your future assets, so that’s been very, very important to the state.”
She said the state has about $2 billion in surplus funds available, $3 billion in the property tax relief fund and $6.7 billion in “rainy day funds” from the oil and gas severance tax established in the 1980s.
“I don’t know what they’ll (legislators) do, but they’re not going to be a California where they can’t pay their bills,” she said, adding the state doesn’t allow deficit spending.
“I want to commend them for their consistently conservative view,” she said.
Combs also called attention to new information available on the comptroller’s office website. One called “Where the Money Goes” details where every state dollar is spent and which is refreshed every 24 hours.
There also is TxSmartBuy.com, a site where local and state governments can make purchases using the state’s buying power to obtain the best value.
“We want to make it easy for all the engines of taxpayer money to be the most efficiently spent,” she said.
Kerr County Judge Pat Tinley introduced Combs, who is from a West Texas ranching family. She was educated at Vassar, spent time on Wall Street, and earned a law degree from the University of Texas.
She served in the Texas House for two terms, working on property rights legislation, was an assistant district attorney in Dallas County, took office in 1998 as Texas agriculture commissioner and was elected Texas comptroller in 2006.
If you are looking to relocate and wanted to know where to move, there you have it! We’d love to help you find your Hill Country home! Give us a call 830-995-2511.
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