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Fredericksburg Texas Real Estate Market - Mid 2016 Update

Posted in: Fredericksburg Area
By Sage Premium Texas Real Estate
Oct 12, 2016 - 7:24:55 PM

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$150k - $200k
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$500k +

Looking back at the first two quarters of 2016, the Fredericksburg Texas real estate market sustained an average home price of approximately $350,000. This is an astonishing price increase over the past 10 years when the average Fredericksburg home price fell below $250,000. The average home price is up about $50,000 a year over the past two years.

What's Up with Fredericksburg Home Prices?

Lot's look a little closer at these numbers. First of all, we're talking about average home prices and not median home prices. Using an average, one $1.7 million home amongst nine $200,000 homes is enough to equal a $350,000 average home price. Essentially, Fredericksburg estate homes can drive up the average home price pretty dramatically.  

How about Large Lots in Fredericksburg?

And we know that people looking for great places to retire are heading to Texas Hill Country. They are attracted to the idea of small ranches with picturesque acreage. Vacant land sales are up. The average price per acre is now over $17,000. Over the past 10 years, prices for vacant tracts increased more than $5000 an acre around Fredericksburg Texas.  Buyers either find an existing home with acreage or often come to build their dream homes.

Why Fredericksburg Grows?

Fredericksburg ranks up there as a great place to retire.  It is also a wonderful place to raise children far from the hustle of life.  Welcomed to vintage streetscapes and historic districts, visitors take note of the Southern hospitality and notable charm.  Unique shops, galleries, restaurants, live theater, entertainment, and museums first catch the eye.  Then there are the lively festivals and events.  Add good schools, college programs, and award-winning medical facilities.  

Oh, and the climate.  The annual average temperature is 66 degrees!  Among other outdoor adventures, the climate is inviting for golf, hiking, biking, or visiting LBJ State and National Park, Wildseed Farms, and Enchanted Rock State Park.

Gillespie County Rural Land Values

Located about an hour from Austin and San Antonio, Gillespie County anchors the Texas Hill Country.  The area is home to 26,000 residents, up about 20 percent since the year 2000.  Over 450 additional residents settled in during 2015.  New interest in the area results in higher land and home values.  

Real Estate Agents Fredericksburg Texas

Please contact Dale Cook of Sage Premium Texas Real Estate at 830-997-1035 for more information about land and homes for sale in the Fredericksburg Texas real estate market

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Dale E. Cook, MBA, Broker/Owner

Sage - Premium Texas Real Estate
405 N. Llano St.
Fredericksburg, TX 78624

830-997-1035 office
830-992-0056 cell

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