Fredericksburg Homes for Sale. Real Estate in Fredericksburg, Texas – Greg Oehler/ Patty Miller Fredericksburg Homes for Sale. Real Estate in Fredericksburg, Texas – Greg Oehler/ Patty Miller
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W

elcome to Fredericksburg, Texas! Our mission here is to help you purchase, sell, or lease real estate in the Texas Hill Country based on integrity and the best objective information available at the time. We are very experienced with the process and with the country, so give us a call or send us an email and let's get you moving! You can look at our listings and search our entire Gillespie County Multiple Listing Service (MLS) system right here from our website.


 Also on our website, we post articles regularly about the status of the market. Our most recent is below and you may check our blogs in the past concerning sales, listings, what price homes are selling the best, what categories have the most inventory, and tips on foreclosures. You will find information on each type of real estate including residential (in Fredericksburg and in Gillespie County), Lots (single family), Acreage Farm and Ranch, Rural Subdivision Tracts, and Commercial property. Thanks for visiting and let us know how we can help you today.

 

January 13, 2012


 

ACREAGE MARKET UPDATE IN

FREDERICKSBURG / GILLESPIE COUNTY

THRU 12/31/2011


 

Current, Active Acreage Listings – Take a look at the table below to see how much inventory is out there today. As you can tell, it is taking a while to move some of the listing inventory with both the Average and Median Days on Market being over a year on the market (DOM = Days on Market).


 

January 13, 2012

146 ACTIVE ACREAGE LISTINGS

IN GILLESPIE COUNTY


 

Low

High

Average

Median

Total

List Price

$70,000

$4,850,000

$775,639

$449,500

$113,243,352

Days on Market

7

1956

526

421.5

--


 

2011 Acreage market summary:


From the table above, you can see that we have 146 Active Listings with an Average List Price of $775,600 (rounded) and a Median List Price of $449,500. The Average Days on Market ("DOM") is 526 days which is a long time for a listing to be on the market.

 

January 13, 2012

40 Acreage Sales in Gillespie County

2011 Calendar Year


 

Low

High

Average

Median

Total

List Price

$39,900

$2,300,000

$525,963

$261,730

$21,038,532

Selling Price

$35,000

$1,850,000

$457,394

$232,000

$18,295,771

Sold/List(%)

63.59%

102.92%

90.63%

91.89%

--

Days on Market

11

823

331

356

--


 

In the table below, note the Acreage Sales by price bracket in increments of $250,000.


 

2011 Calendar Year Market Summary

(By Sold Price in $250,000 Increments)

40 Acreage Listings SOLD in Gillespie County

 

Price Range

Count

Sum Price

Average Price

Median Price

Average DOM

$0 - $249,999

21

$2,709,511

$129,024

$119,900

290

$250,000 - $499,999

8

$2,757,073

$344,634

$311,003

313

$500,000 - $749,999

2

$1,324,080

$662,040

$662,040

399

$750,000 - $999,999

2

$1,695,000

$847,500

$847,500

499

$1,000,000 - $1,249,999

3

$3,356,668

$1,118,889

$1,100,000

257

$1,250,000 - $1,499,999

1

$1,251,392

$1,251,392

$1,251,392

275

$1,500,000 - $1,749,999

1

$1,602,047

$1,602,047

$1,602,047

257

$1,750,000 - $1,999,999

2

$3,600,000

$1,800,000

$1,800,000

769

Totals:

40

$18,295,771


 

Averages:


 

$457,394

$232,000

331

1/13/2012 4:29:17 PM


 

Note that there were 29 Acreage Sales (about 73%) under $500,000 in 2011 and there were only seven (7) Acreage sales at a minimum of $1,000,000 or more.


 

The Average Sales Price per listing is $457,000 (rounded) and the Median Sales Price is $232,000. Listings are selling at about 91% of the List Price and the Average DOM is 331 days.


 

With 146 Active Acreage Listings selling at the rate of 3.3 sales per month (or 40 for the year, we have about 44 months (or 3.7+/- years) of supply. Most of the sales occurred below $500,000 and there were only seven sales at $1,000,000 or more.


 

Note the following from the table above:


 

29 / 40 or 73% SOLD for less than $500,000;


 

7 / 40 or 17.5% SOLD for $1 million or more.


 

Comparison of 2010 to 2011


 

2010

2011

Total # Sales

25

40

Average Sales Price

$465,600

$457,394

Median Sales Price

$240,000

232,000

Days on Market

284

331

Total $$ Inventory Sold*

$11,174,000

$18,296,000

*rounded


 

Summary: The good news is that the number of sales increased by 15 units or 60% with minimal price decline and the Total Dollars sold increased by 63%! However, DOM also increased by 17%; so, in 2011, there were more sales made for less money and it took longer to sell them.


 

Fredericksburg and the Texas Hill Country is still a great place to be if you like a clean, relaxed living environment away from the big city bustle but still convenient to shopping, air travel, and visiting relatives. There is a sense of "community" here that is very difficult to duplicate in other areas and the only way to understand it is to spend some time here and feel it for you. If we can help, please be in contact with us!


 

OUR LISTINGS AND THE MULTIPLE LISTING SERVICE


 

We post all our listings on the web site at FBGLiving.com, but you can also plug in your parameters and search the entire MLS for what you want to find. Better yet, stop by and tells us about it. We can pull up the listings right before your eyes in real time. Newspapers, magazines, and many national secondary sites can get out of date in a hurry, but when we plug you in to the MLS locally, the information you get is current up to the minute any Realtor makes a change on line. Come on in and let's talk about what you need!


 

Thanks for reviewing the market with us. Please let us know if you would like market analysis specific to property you are buying or selling!


 

The information provided in this or any of our articles is believed to be accurate and from reliable sources, but specifically NOT guaranteed. Readers are urged to do their own due diligence PRIOR TO MAKING ANY BUSINESS DECISION!

 

Click here to read our past blogs!

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