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American Homebuyers Enthusiasm Reaches Fredericksburg TX Real Estate

Posted in: Market Updates
By SAGE - Premium Texas Real Estate
Jan 18, 2013 - 9:55:37 PM

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As enthusiasm for buying homes increases in the USA, the markets for Texas real estate in Fredericksburg and the Hill Country are also coming into play.  Unlike some areas where investors have snatched up thousands of homes, which creates very low inventory, the Texas real estate market is sustaining healthy levels.  

There are 6.5 months inventory of Texas homes for sale, a level considered a stable market.  In May 2012, there were 108,594 Texas homes for sale.   In May 2008, there were substantially more homes for sale in Texas:  147,170.  In Gillespie County, almost 250 Fredericksburg Texas homes for sale and 155 parcels of Fredericksburg Texas land are on the market.

In his article entitled "Home Improvement," Mark G. Dotzour of the TAMU Real Estate Center says indicators signal a true improving housing market in the US and Texas.  "The data indicate that Texas has clearly moved from the bottom of the last cycle to the early stages of expansion."

Perhaps most encouraging is the number of new housing starts taking place throughout the nation.  The Lennar Corporation, a large builder, says orders for new homes were up 40 percent during the second quarter of 2012.  More importantly, in May the actual sales of newly built homes were at a two-year high.

Building permits have long been a firm indicator of the health of the US economy.  In America, single-family building permits were up 21.7 percent through May 2012.  Texas saw a 20.5 percent increase in the number of building permits being pulled for single-family homes.
 
When economic enthusiasm picks up in the metropolitan areas of Texas, our Hill Country vacation-home communities such as Fredericksburg and throughout Gillespie County will see more and more activity.  Although the average listing price in Fredericksburg is between $500,000 and $600,000, there are many options for homebuyers and second-homebuyers at every price point from the $100,000s to the millions.  The higher prices are connected to the state homes, ranches, farms, and large-acreage subdivisions or developments.  These types of properties, which are common in the Texas Hill Country real estate markets, drive up the average listing prices.

Several factors are converging to warrant new enthusiasm.  Mortgage rates are low, more jobs are available, and home prices have all but stopped going down.  To find out about Texas Hill Country homes and ranches for sale, please call Dale E. Cook, MBA and owner of SAGE - Premium Texas Real Estate in Fredericksburg at (830) 992-0056.  

   

kerrville



Dale E. Cook, MBA, Broker/Owner

Sage - Premium Texas Real Estate
Chase Bank Building
150 E. Main St., Suite 303
Fredericksburg, TX 78624

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

Click Here to Email Us


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