Fredericksburg Texas real estate market gloomy for sellers, getting better for buyers

By Greg Oehler
One thing certain is that the market never seems to stay the same! Sellers are certainly noticing a difference this year over last year. For many of them, it is difficult to accept the fact that price levels from 2006-2008 are no longer here.
Why are things different? The national economy […]

Market comparison between first half of 2009 and 2008 shows large decrease in sales in Texas Hill Country

By Greg Oehler

Market Comparison Report

Dates:

01/01/2009 to 6/30/2009

01/01/2008 to 6/30/2008

Property Types:

ALL

Areas:

ALL

Jan 1 - Jun 30, 2008

Jan 1 - Jun 30, 2009

Difference

Percentage

Property Type

Units

Dollars

Units

Dollars

Units

Dollars

Units

Dollars

Residential

158

42,166,038.00

119

23,828,200.00

-39

-18,337,838.00

-24.68

-43.49

Land and Farm

161

46,124,042.00

78

19,778,556.00

-83

-26,345,486.00

-51.55

-57.12

Commercial

12

4,205,000.00

6

2,876,500.00

-6

-1,328,500.00

-50.00

-31.59

Totals:

331

92,495,080.00

203

46,483,256.00

-128

-46,011,824.00

-38.67

-49.75

The good news is that listings are selling at market values. Sellers that do not understand […]

HGTV couldn’t have done it better!

Renovations are complete…at least for now. Our historic location and rustic atmosphere give us the feel of Fredericksburg at its finest. We have painted, carpeted, added a beautiful tin ceiling, installed a new phone system, given Greg a new private office, created more workspace for our Realtors and provided a more private conference area for […]

Acreage News

Acreage Greater Than 100 Acres
During the past year there have been six properties without improvements between 100 and 200 acres listed on the Multiple Listing Service sold in Gillespie County.  The price range for these properties ranged from approximately $4255 per acre for about 116 acres to approximately $8500 per acre for about 188 acres […]

Land sales in Gillespie County down big in 2009

By Greg Oehler
Although currently we are experiencing more activity, this will give you an idea of what has occurred with land sales this Year-to-Date (as of 4/18/2009) vs. last year, same period.  Homes were affected as well, but not to the same degree.
Probably the two most important and reliable numbers in this MLS data […]

Gillespie County has managed to keep its number of foreclosures low

By Greg Oehler

photo credit: respres
The first Tuesday of the month is “Foreclosure Day” in Texas.  Foreclosure happens when a Lender is unable to collect on a mortgage to a borrower.  In Texas, the Lender posts a public notice (usually on the Courthouse bulleting board) at least 21 days in advance of the first […]

What effect does the Texas Legislature have on the Texas real estate market?

By Greg Oehler

photo credit: jas kaur
I visited the state capitol in Austin the last week in March to weigh in on several legislative matters that may affect you as it relates to real estate. Here are some of the issues teed up for the current session:
Appraisal Reform - Central Appraisal Districts were created […]

2009 Homebuyer Tax Credit: Information & frequently asked questions

By Greg Oehler

By now you have probably heard of the $8,000 first-time homebuyer tax credit that was part of the American Recovery and Reinvestment Act. In case you are wondering what it is all about, I compiled this information from the National Association of Realtors and from Realtor.org that should clear up some of […]

Year-to-Date Fredericksburg MLS data shows large decreases from peak in 2007

Fredericksburg MLS data is definitely showing that it is a buyer’s market here. With over 27 months’ worth of residential inventory and sales down over 29% from their peak in 2007.

A look at Fredericksburg’s real estate market for the first two months

By Greg Oehler

Here is our residential market picture for the first two months of 2009 compared with the first two months of 2008 and 2007.  Noted are the following high points for residential sales within the city limits of Fredericksburg:

2007
2008
2009
Change

Total Number of Residential Sales (declined)
22
21
14
-36%

Total Dollar Amount of Sales (declined)
$5.4M
$5.2M
$3.0M
-44%

Average […]

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