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WHAT IS SELLING IN FREDERICKSBURG/GILLESPIE COUNTY RIGHT NOW? – 2.21.17

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WHAT TYPE OF REAL ESTATE IS HOT TODAY?  WHAT SEEMS TO BE MOVING AND HOW MUCH OF IT IS ALREADY SIGNED UP AND IN ESCROW?  This week, we take a look at the market and see what is scheduled to close.  We line up with the following categories:

 

RESIDENTIAL

CITY LOTS

RURAL SUBDIVISION TRACTS

ACREAGE, FARM AND RANCH

AND

COMMERCIAL PROPERTIES

 

 

 

44 RESIDENTIAL LISTINGS UNDER CONTRACT

# OF LISTINGS UNDER CONTRACT 2/20/2017:                         44

AVERAGE LIST PRICE:                                                                          $438,500 *

LIST PRICE RANGE:                                                                               FROM LOW OF $99,000

                                                                                                                         TO HIGH OF $1,500,000

AVERAGE DAYS ON MARKET:                                                           167

% UNDER $400,000:                                                                               27/44 OR 61%

% UNDER $500,000:                                                                               34/44 OR 77%

$100,000 CATEGORIES W MOST # UC:                                          $200,000 AND $300,000

            *EACH OF THESE 2 CATEGORIES HAS 12 LISTINGS UC; NEXT CLOSEST CATETORY IS               $400,000 WITH 7 UC

TOTAL VOLUME UNDER CONTRACT:                                              $19,300,000

 

*MOST NUMBERS ARE ROUNDED

 

12 ACREAGE FARM AND RANCH LISTINGS UNDER CONTRACT

# OF LISTINGS UNDER CONTRACT 2/20/2017:                             12

AVERAGE LIST PRICE:                                                                              $571,000 *

LIST PRICE RANGE:                                                                                   FROM LOW OF $75,000 –

                                                                                                                            TO HIGH OF $2,067,000

AVERAGE DAYS ON MARKET:                                                              257

% UNDER $700,000:                                                                                  10/12 OR 83%

$100,000 CATEGORIES W MOST # UC                                              $300,000

            *THERE IS A BROADER SPECTRUM OVER WHICH THE PRICES ARE SCATTERED. 

             TWO OTHER PRICE BRACKETS HAVE 2 UNDER CONTRACT ($400,000 AND $600,000)

TOTAL VOLUME UNDER CONTRACT:                                                $6,856,000

 

 

8 COMMERCIAL LISTINGS UNDER CONTRACT

# OF LISTINGS UNDER CONTRACT 2/20/2017                                8

AVERAGE LIST PRICE:                                                                               $507,000*

LIST PRICE RANGE:                                                                                     FROM LOW OF $45,000 –

                                                                                                                               TO HIGH OF ALMOST $1,400,000

AVERAGE DAYS ON MARKET:                                                                 220

% UNDER $600,000:                                                                                     6/8 OR 75%

$100,000 CATEGORY W MOST # UC:                                                    $500,000

            *THIS ALSO HAS A BROAD SPECTRUM OVER WHICH THE PRICES ARE SCATTERED. 

 

             ALL OTHER PRICE CATEGORIES HAVE JUST 1 LISTING UC

TOTAL VOLUME UNDER CONTRACT:                                                    $4,055,000

 

10 RURAL SUBDIVISION TRACTS UNDER CONTRACT

# OF LISTINGS UNDER CONTRACT 2/20/2017:                                  10

AVERAGE LIST PRICE:                                                                                  $238,300*

LIST PRICE RANGE:                                                                                        FROM LOW OF $13,000 –

                                                                                                                                  TO HIGH OF ALMOST $750,000

AVERAGE DAYS ON MARKET:                                                                   772

% UNDER $300,000:                                                                                       8/10 OR 80%

$100,000 CATEGORY W MOST # UC                                                       $100,000

            *BY FAR, MOST OF THESE LISTINGS ARE PRICED BELOW $300,000 AND THE ONE                  LISTING PRICED NEAR $750,000 INCLUDES SIGNIFICANT HISTORICAL IMPROVEMENTS.

TOTAL VOLUME UNDER CONTRACT:                                                    $2,383,000

 

19 CITY LOTS UNDER CONTRACT

# OF LISTINGS UNDER CONTRACT 2/21/2017:                                   19

AVERAGE LIST PRICE:                                                                                   $62,000*

LIST PRICE RANGE:                                                                                         FROM LOW OF $52,000 –                                                                                                                                                        TO HIGH OF ALMOST $135,000

AVERAGE DAYS ON MARKET:                                                                    258

% OF LOTS LISTED UNDER $75,000:                                                        17/19 OR 89%

PRICE CATEGORY W MOST # UC:                                                             $50,000 – $75,000

            *BY FAR, MOST OF THE LISTINGS ARE PRICED BELOW $75,000.

TOTAL VOLUME UNDER CONTRACT:                                                     $1,176,000

 

 

OVERVIEW OF ALL LISTINGS UNDER CONTRACT

RESIDENTIAL LISTINGS HAVE THE LARGEST NUMBER OF LISTINGS BY CATEGORY WITH 44 OF THE TOTAL 93 LISTINGS UNDER CONTRACT (47%).  THE NEXT LARGEST CATEGORY IS CITY LOTS

WITH 19 OF THE 93 LISTINGS UNDER CONTACT (20%).  HOWEVER, THE TOTAL VOLUME IN DOLLARS SHOWS THE MORE SIGNIFICANT DATA. 

 

 

 

CATEGORY                       $                                                  % UNDER CONTRACT 

RESIDENTIAL                 $19,295,000                            57%

ACREAGE FARM 

     AND RANCH               $6,856,000                             20%

COMMERCIAL                $4,055,000                             12%

RURAL SUB TRTS         $2,383,000                              7%

CITY LOTS                        $1,176,000                               3.5%

TOTAL UC                         $33,766,000                           99.5%

 

SO, BY FAR, THE RESIDENTIAL CATEGORY IS THE BIGGEST PERFORMING CATEGORY IN THE GILLESPIE COUNTY REAL ESTATE MARKET. 

 

IF YOU ARE BUYING OR SELLING IN THE TEXAS HILL COUNTRY, you need a team you can count on!  We do our best to see that YOU are successful.  Our team members are agents Melynn Williams, Andrew Harvey Phil Frey, and Joe Kustelski.  Both Phil and Joe received their GRI designations in their first year of real estate!  They are Graduates of the Realtor’s Institute which is one of the best courses available for real estate training and marketing.  And Melynn Williams was nominated for Rookie of the Year last year by her peers.  This award is primarily for production in sales, good-natured cooperation with other agents, and participating in board-sponsored events. Andrew learns by doing, and he has hands on experience by buying and selling properties personally.  If you need to buy or sell, give us a call.  You get a professional team with an in-house broker who is a native of Fredericksburg and voted Realtor of the Year for 2016!  You get experts in the current real estate market and practices in Fredericksburg, Texas.  And, you get an easy to find presence on Main Street in Fredericksburg by the red and black 1931 Ford pickup. 

COME SEE US if there is something we can do for you with real estate.  Listings are in short supply and we are gearing up for a very busy spring!  Now is a great time to polish up that property and get it out on the market.

 

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