17th Aug, 2016

Snapshot: Kerr County Real Estate Market in Texas

Snapshot: Kerr County Real Estate Market in Texas

Kerr County Real EstateKerr County, Texas adjoins Gillespie County on the southwestern edge. The Texas A&M Real Estate Center samples the Kerr County real estate market regularly to determine trends in the Texas housing market. The Center recently noted a five-year upswing in Kerr County housing values. The average home price in Kerr County is up to $240,106 in July 2016 versus $161,219 in July 2011.

Similar to the Gillespie County real estate market, the Kerr County market draws buyers to the serenity of Texas Hill Country.  It is a beautiful rural vacation haven. Many popular communities are in Kerr County along the river. One of them is Kerrville, which is about 15 minutes from Fredericksburg. Others include Ingram, Center Point, and Mountain Home – all are south of Interstate 10 as it passes through Kerr County.

Kerr County Real Estate over 5 Years

Let’s look at the Kerr County real estate market between 2011 and 2015. Note the positive trends. Gillespie County is experiencing similar improvements.

A.    Dollar Volume

Kerr County Real EstateThe volume of real estate transactions in Kerr County increased approximately 250% between 2011 and 2015. In 2015, the records show almost $192 million of volume. In 2011 it was approximately $77 million.

B.    Kerr County Home Prices

Let’s look at what buyers are willing to pay. Home prices have increased.  Between 2011 and 2015, the average price for a home in Kerr County increased from $183,267 to $219,497. The median price also increased, from $149,500 to $175,000.

Back in 2011, about 79% of homebuyers purchased homes priced under $250,000; 21% purchased properties priced over $250,000. In 2015, only 70% of buyers bought homes priced under $250,000, while 30% purchased more expensive homes. During the same period of time, the number of buyers purchasing homes priced $500,000 increased from 3% to 5%.

C.    Available Listings

Kerr County Real EstateIt is also interesting to note the number of listings in available stock.  In July 2011, there were 830 total listings for sale in the Kerr County market. This is a 22.6-month supply.  In July 2016, there were 517 listings, a 7.4-month supply.

Real Estate Agents Kerrville Texas

Please contact Dale Cook of Sage Premium Texas Real Estate at 830-997-1035 for more information about Kerr County real estate market.  Sage Premium Texas Real Estate is located in the Chase Bank Building, 150 E Main St, Fredericksburg, TX 78624.

Comments are closed.

Categories