Market statistics provide important information for buyers of Fredericksburg TX and
Hill Country real estate to make decisions. An experienced Realtor provides knowledge of the
Texas real estate market to assist the earnest buyer to bargain from a position of strength. Before purchasing a
Texas Hill Country home, land or ranch, or an investment property, SAGE-Premium
Texas Real Estate urges you to consider some of the following facts:
Inventory:
During the first 11 months of 2010,
Fredericksburg, TX real estate has seen 125 sales. That is 11+ sales per month. Our current inventory of listings is 148, or about a 13-month supply of residential home listings in Fredericksburg available. Rural Gillespie County
Hill Country real estate has seen 54 sales so far in 2010, about 5 per month.
Gillespie County real estate market has 132 active residential listings, a 27-month supply.
Real estate experts widely conclude that a healthy real estate market--defined as a balance of buyers and sellers--thrives with a 6-month inventory supply. Since a 13-month supply of
Fredericksburg TX real estate has a 13-month supply of properties and Gillespie County 27 months, we rightly assume that we are in a "buyer's market".
The ratio of new listings to sale in the Hill Country real estate market is currently 2.65 to 1, representing some improvement from earlier in the year when the ratio was 4 to 1.
Price Range of Sold Property:
The total homes sold of Fredericksburg TX real estate through Nov. 30, 2010 was 125 homes at $25,843,849 for an average of $206,751. The average number of days on market was 216. Of the total homes sold, over 90% sold for less than $300,000. However, the average listed price of homes in the city limits of Fredericksburg is $336,340.
In Gillespie County, Hill Country real estate sales of homes amounted to 54 homes at $21,378,530. The average sales price was $395,000. The average number of days on the market was 232. Over 80% of these Hill Country homes sold for less than $475,000.
Comparison 2009 Versus 2010:
The total number of residential sales of Fredericksburg TX real estate in 2010 was 125 YTD versus 130 in 2009. This represents a decline of 4%. The decline in volume of sales dollars was 7.6% so far.
In Gillespie County, sale of homes was 54 versus 43 in 2009, representing an increase of 11%. The average sales price of $395,000 increased 24% over 2009. However, the average list price for Hill Country homes in Gillespie County is $753,820 and these higher-priced homes are moving very slowly.
Farm and Ranch Inventory:
Twenty sales of Hill Country ranch acreage so far in 2010 totaled $10,643,000. Present inventory listed is 192 at a total asking price of $147,562,000. The current rate of sales gives us a 9-year supply of ranch land. The same is true of smaller rural tracts of land. YTD 2010, 23 have sold for $5,023,954. Inventory is 186 tracts or an 8-year supply.
Conclusion:
The overwhelming supply of sellers offers buyers a robust opportunity in the real estate market. For expert guidance in your personal search for the ultimate piece of the Hill Country, please
call Dale E. Cook, MBA and owner of SAGE- Premium Texas Real Estate at (830) 992-0056 or go to the website at
www.texashomesandinvestmentproperty.com.
