Real estate markets in the Texas hill country are showing a slight degree of softening on a value basis during the past month.
With two flat markets (Boerne and Fair Oaks Ranch), one negative market (Comfort) and two markets with marginal increases in value (Fredericksburg and Kerrville).
Seasonal factors and perhaps interest rate jitters from late 2018 may be influencing this flattening effect.
Kerrville continues to lead the year over year with properties posting a 8.98% increase in estimated value in the previous year. However, this month over month value increase is only at 0.54% for the last 30 days (versus 1.79% in the past month). This trend, along with the relative softening in the home values closer to the SA metro area continues the trend towards an equalization of values in the Kerrville market with those in the Boerne, Comfort, and Fair Oaks Ranch markets.
Here are the year over year estimated value increases for our other markets as of the current market snapshot of 2/26/2019:
- Comfort: 6.24% (negative 1.84% in the past month). This is the second month in which prices in this market have seen a decrease. Again, this could be a factor of the relatively low sales volume and associated volatility in this market.
- Fair Oaks Ranch: 5.65% (negative 0.06% in the past month)
- Fredericksburg: 7.77% (0.68% in the past month)
- Boerne: 7.55% (0.03% 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.