Spring has sprung in the Texas hill country and the markets are showing some recovery from the relative lackluster first quarter.
Boerne displaces Kerrville this month in terms of home value increase during the previous 12 months at 9.76% (1.74% in the past month).
Kerrville is hanging on to the second highest increase in these 12 month metrics (8.83%). Note that the change in estimated home values from last month to this month has tempered to a relatively flat 0.05% indicating that this market may be coming into line with those in our other service areas.
Here are the year over year estimated value increases for our other markets as of the current market snapshot of 3/31/2019:
- Comfort: 6.00% (1.69% in the past month). Reminder that this is our smallest market that is influenced by low inventory and volatile month to month sales volume.
- Fair Oaks Ranch: 7.17% (1.12% in the past month)
- Fredericksburg: 8.58% (1.33% in the past month)
Note: Statistics include Single Family homes, lots, and farm and ranch sales.
More insightful statistics and data in the market reports covering our Texas hill country market at the links below.
(Please note: The links to the .pdf reports expire in 30 days. Large files, patience please!)
Fair Oaks Ranch
Please Contact me with questions you may have about the information in these reports, to preview any highlighted available properties, or to discuss marketing strategies for your property.