1st Sep, 2011

Why Invest in Texas or Buy Gillespie County and Fredericksburg Real Estate

High net worth investors and private equity fund managers continue to confidently invest in Texas real estate and businesses.  They know a good Gillespie county or Fredericksburg TX real estate deal when they see it.

During the first half of 2011, there were 142 sales of Fredericksburg Gillespie County real estate in the Hill Country.  That is 23 per month.  Compared to the same time frame in 2010, sales of Fredericksburg TX homes and Gillespie County properties remained steady.  Both are up from 2009.  The total dollar amount for Fredericksburg and Gillespie County home sales for Q1 and Q2 combined exceeded $45.5 million.

As many folks who own principal homes in Austin and San Antonio invest in second homes and Texas Hill Country ranches or Gillespie County horse properties, let’s look at the numbers for July 2011 home sales in those metropolitan areas.

In Austin, total sales reaches 2,178, up 33 percent from 2010.  In San Antonio, sales reached 1,731, up 11 percent.  Sales of existing single-family homes in the State of Texas totaled 19,628, up 18 percent from a year earlier, according to MLS data compiled by the Real Estate Center at Texas A&M University.

In a blog entitled, “Why Investors Like Texas” posted on August 29, 2011, Mark Dotzour sums up just why Texas continues to attract investors.  Dotzour is the Chief Economist and Director of Research at the TAMU Center.  Summarized here:

  • Texas leads the U.S. in current economic recovery
  • Its large, international economy is growing and profitable
  • Population is increasing throughout the state
  • People are flexible and entrepreneurial
  • Taxes are lower in Texas

Resilience runs strong in the Lone Star State. It experienced only 16 months of job losses during the recession.  From May 2010 to May 2011, the state generated 198,400 jobs or more than 20 percent of the growth in the U.S. employment picture.  Private employment drew by 229,400, a 2.7 percent increase.  There is no place like Texas to bury your gold or plant your feet.

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.  As the heart of Texas Hill Country, Fredericksburg (pop. 10,000) offers a vibrant community, excellent schools, great restaurants and shops, world-class museums, plentiful recreation and beautiful homes and ranches.

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