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Real Estate News
How is the Local Real Estate Market?
President, Central Hill Country Board of Realtors
Wednesday, July 31, 2013 • Posted August 1, 2013

How is the Gillespie county Real Estate Market? That is a question local REALTORS have been asked a lot in the past few years.

Along with the rest of the nation we saw a big drop in Real Estate sales in the county at the end of 2008 through 2009. However, even with the major drop in the amount of real estate that changed hands, Gillespie County faired better than most and did not see any huge value depreciation. Since 2009 the county has been on the upswing with each year gradually improving over the year before. Then 2013 came along and the market has become extremely hot again.

In fact the 1st half of 2013 shows a jump of 26.7% in total dollars sold over 2012 and the second quarter of 2013 is by far the best 2nd quarter ever in Gillespie county in both total dollars sold and the number of properties sold! There is still a lot of unsold inventory on the market and acreage sales are still a little weak but all in all the condition of the Gillespie county market, and the entire Texas market, is really showing signs of continued strengthening and stability.

As we REALTORS gaze into our crystal ball, we see our local market continuing to show signs of strength and would expect to see property appreciation across the board by years end and continuing into 2014. What does this mean for you? If you are thinking of selling your property, get it on the market and take advantage of this upswing in activity. If you are a buyer, now is the time to get your home before prices and interest rates increase.

Contact your REALTOR or visit the Central Hill Country Board of Realtors website to see all the properties currently available. GillespieBoardofRealtors.com

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