The State of Our Real Estate Market

Posted by Chip Bubela on Monday, September 27th, 2021 at 3:19pm.

An update on the real estate market and showcasing a 94-acre property.

Today, I’ll update you on what's been going on in the market before highlighting a property we just listed with a 15-acre lake. We're located between Austin, Houston, and San Antonio. The communities that we service are Lagrange, Schulenberg, Flatonia, Howardsville, Columbus, Weimer, and Giddings. Here are some comparisons from one year ago to today:

1. Supply. Among all those communities, we had an average of 4.07 months of inventory a year ago. Today we have 2.18 months of supply.

2. Sales price. The average sales price for residential homes last year was $162,829. Today the average sales price is $200,815.

"We're still attracting quite a few buyers to our area."

3. Appreciation. We've seen the average price per square foot jump from $97 to $113. In Williamson County, the average sales price in January of this year was $333,000 and has reached $450,000. I’m glad that we haven't seen appreciation like that because we don’t want to price out buyers. At our level of appreciation and affordability, we're still attracting quite a few buyers to our area.

Finally, let me show you a great 94-acre property. It’s located on the eastern edge of the hill country in Flatonia. It's 94 acres and has a 15-acre lake. If you want to see some shots of the property, check it out at 2:40 in the video. If you know someone who would be interested in it, please share this video with them.

If you have any other questions, feel free to reach out to us by phone or email. We’d love to hear from you and help you in any way we can.

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