Wimberley Residential Sales 3rd Qtr - 2011

The sky is not falling. Keep in mind two important aspects of this comparison. First the 1st time buyers home program was in effect last year at this time. Second..pay more attention to median price comparisons in a smaller market. A couple of million dollar sales in a smaller market share like Wimberley can sway the average home stats pretty significantly. Median prices are pretty much on line with a year ago.

And the results are in for 2010

2-28-2011

Wimberley residential sales in 2010 bucked the national trends with a higher total number of homes sold at higher average and median prices. I believe we will continue to see a strong Wimberley market in 2011 but do not expect to see double digit increases like we saw in 2010.

2-10-2010

I have been a Realtor in Wimberley since 1995 and here are my observations. Wimberley real estate is in a long term bull market. It's proximity to Austin and Austin real estate will continue to Make Wimberley a place where people want to live. I saw a time in 2002 during the stock market crash when local prices stabilized and volume dropped off. The years in between (1995-2001) real estate values increased annually. Since 2002 we have seen nothing but increasing land values and residential values..until 2008 and 2009 . We are in a second "dip" in the Wimberley bull market , again seven years apart. During my previous "life", prior to becoming a real estate broker, I owned a commodity futures brokerage firm for 17 years. What I can pass on from that experience is relatively simple, but the key strategy for every winning investor I ever knew...Find the long term trend ..in the case of Wimberley real estate, going up...and buy when you see minor trends in the opposite direction ...going down...2002..and now 2008 and 2009.  We have seen our first decreases in values in 2008 with average home prices down 11% and volume off 25% followed by another drop in home values for 2009.  I know..the news is depressing and awful...and I do not claim to be a financial guru but I believe 2010 may be a golden opportunity to buy in Wimberley.

Wimberley Homes for Sale 

Wimberley real estate is diverse and ever changing. On the highest end is the hard to find and much sought after Blanco River properties, now averaging between $ 1,600 and $ 2,000 per linear foot of river. One acre with 100 ft of Blanco River  = $ 160,000 to $ 200,000. Next in the pecking order are Wimberley view properties. In 2004 I was blessed to sell an incredible (8 acre) view property for $ 16,000 an acre. At the time it was an all time high for Wimberley. A year later the same property was resold for $ 24,000 an acre and I have no doubt that it would bring $ 30,000 an acre today. The vast majority of sales are neither view nor water properties. When buying Wimberley land pay attention to factors like cleared (of cedar ) or not ...cleared will bring more....proximity to town increases value...river parks within subdivisions (Paradise Hills, River Oaks, River Mountain Ranch, and several others) increase values.....size of lots within subdivisions ...ease of commute to Austin and even the deed restrictions within the subdivision all affect land values and ultimately residential values . Bottom line...hire a Realtor who knows the Wimberley market

Steve Hysinger is a Broker Associate with an Austin Texas real estate company, and has a focus on Wimberley Texas and the surrounding hill country. Licensed (0445989) to sell Real Estate in the State of Texas. Member of National Association of Realtors,Texas Association of Realtors and Austin Board of Realtors.

Information About Broker Services          Terms of Use