3rd Quarter Sales Update

The information presented below is complied from data sourced via the Gillespie County Multiple Listing Service. The tracking historical sales data is grouped into categories that include: "Residential", "Rural Subdivision Lots/Tracts", Acreage, Farm/Ranch" and "City Lots". These categories are further defined by "area" (e.g. in town, out-of-town/county).





While it can be difficult to portrait a true "apples to apples" picture of current real estate sales, the numbers speak for themselves as categorized. A lot can be read "between the lines" when discussing these figures, if you would like more detailed information on these summary comparisons, feel free to contact me at your convenience.

3rd Quarter-2009

Residential-City (Fredericksburg, TX) - The total number of homes sold within the 3rd quarter of 2009 actually increased by 18.1% from sales reported within the 3rd quarter of 2008 (33 in '08 and 39 in '09). The average price of a sold property declined by 5.85% ($213,695 in '08 vs. $201,176 in '09) and the average number of days-on-market (DOM) has increased an average of 10.5% (152 by end of 3rd, 2008 vs. the current 168 days). The total dollar volume of homes sold actually increased by 11.25%. Notably, the average list price to sale price ratio (LP/SP) has remained statistically unchanged from 95% in 2008 to the current 94%.

Overall number of units sold decreased from the 2nd quarter of this year to the 3rd quarter of 2009 by 23.5% (51 units were sold in 2nd qtr. ’09 vs. 39 sold in the 3rd qtr. of 2009).

Year-to-date (vs. YTD, 2008), total units sold have decreased by 3.5%, the average price of sold units has decreased by 9.12%, the average DOM has increased by 27%, the total dollar volume sold has decreased by 12.28% and the average LP/SP ratio has remain statistically unchanged (94% in ’08 to 93% currently).

Residential-County (Gillespie County Only) - The total number of homes (w/acreage) sold within the 3rd quarter of 2009 increased by 63% from the sales reported within the 3rd quarter of 2008 (19 in '08 vs. 31 in '09). The average price of a sold property declined 28% ($512,100 in '08 vs. $368,610 in '09) and the average number of DOM has increased 25.27% (186 in '08 to 233 in '09). The total dollar volume of homes sold has increased 17.44%. Notably, the average list price to sale price ratio (LP/SP) has decreased from 93% in 2008 to the current 91%.

Year-to-date (vs. YTD, 2008), total units sold have decreased by 25.4%, the average price of sold units has decreased by 23.2%, the average DOM has held steady at an average of 208 days, the total dollar volume sold has decreased by 43% and the average LP/SP ratio has dropped from an average of 93% to the current 91%.

Lots-City (Fredericksburg, TX) - The total number of lots sold within the 3rd quarter of 2009 increased by 66.7% from the sales reported within the 3rd quarter of 2008 (6 in '08 vs. 10 in '09). The average price of a sold lot declined 15.75% ($70,042 in '08 vs. $59,009 in '09) and the average DOM has increased 35% (511 in '08 vs. 690 in '09). The total dollar volume of lots sold has increased by 40.14%.




Year-to-date (vs. YTD, 2008), total units sold have decreased by 44.4%, the average price of sold units has decreased by 17.7%, the average DOM has increased by 92%, the total dollar volume sold has decreased by over 54% from YTD ’08 to YTD ’09.

Rural Subdivision Lots/Tracts - The total number of acreage lots sold within the 3rd quarter of 2009 declined 33% (9 in '08 vs. 6 in '09). The average price of a sold acreage lot increased by 59% ($105,077 in '08 vs. $167,168 in '09) and the average DOM decreased by almost 20%. The total dollar volume of acreage lots sold marginally increased by 6%.

Year-to-date (vs. YTD, 2008), total units sold have decreased by 46.5%, the average price of sold units has decreased by 19%, the average DOM has increased by 6.6%, the total dollar volume sold has decreased by 57%.

Acreage, Farm/Ranch (All MLS Counties) - The total number of properties categorized as Farm/Ranch sold within the 3rd quarter of 2009 declined 24% (29 in '08 vs. 22 in '09). Average prices and DOM tend to be less significant in this category as the properties offered and sold vary tremendously. Most notably, total sales volume has decreased by 30.3% from within the 3rd quarter 2008 vs. 3rd quarter 2009.

Year-to-date (vs. YTD, 2008) the total number of units sold has decreased by 37% and the total volume sold has decreased by 47%