Let’s take a market reading of the Residential Lots in Fredericksburg for the 10 months YTD ended 10 31, 2016.  Hear more about these on our radio program which will air on our local KNAF Radio Station 910 AM this Saturday morning, November 19. 

 

  • NUMBER OF ACTIVE CITY LOTS ON THE MARKET =  138 LOTS
  • AVERAGE LIST PRICE OF ACTIVE LOTS =  $60,366
  • AVERAGE NUMBER OF DAYS ON MARKET (“DOM”) = 381 DAYS
  • 123 OF 138 LOTS (89%) ARE LISTED BELOW $70,000.
  • 13 LOTS ARE PRICED AT $70,000 AND UP ($135,000 MAX)
  • 1 – 21 AC UNDEVELOPED “LOT” WAS EXCLUDED FROM THIS ANALYSIS, APPEARS TO HAVE BEEN MISCLASSIFIED.     
  • NUMBER OF CITY LOTS “SOLD” 1O MOS YTD IN 2016 = 43 LOTS
  • TOTAL VOLUME OF LOT SALES IN 2016 =  $2, 708,000
  • AVERAGE “SALES PRICE” OF A CITY LOT SOLD IN 2016 = $62,972
  • AVERAGE “DOM” FOR A LOT SOLD IN 2016 = 848 DAYS
  • SALES PRICE TO LIST PRICE RATIO IN 2016 = 38%
  • RATE OF SALES IN 2016 = 3 SALES PER MONTH
  • INVENTORY = 138 LOTS AVAILABLE / 4.3 SALES PER MO = 32 MOS OR 2.7  YEARS

 

IN 2015

  • NUMBER OF CITY LOTS “SOLD” IN 10 MOS = 60 LOTS
  • TOTAL VOLUME OF LOT SALES IN 2015 =  $4,333,000
  • AVERAGE “SALES PRICE” OF A CITY LOT SOLD IN 2015 = $70,552
  • AVERAGE “DOM” FOR A LOT SOLD IN 2015 = 766 DAYS
  • SALES PRICE TO LIST PRICE RATIO IN 2015 = 22%
  • RATE OF SALES IN 2015 =   6  SALES PER MONTH

 

*BASED ON INFORMATION FROM THE CENTRAL TEXAS HILL COUNTRY BOARD OF REALTORS MLS FOR THE PERIOD 10 MONTHS YEAR TO DATE ENDED 10/31 IN 2015 AND 2016.