About Wimberley Real Estate
About Wimberley Real Estate
Here are my observations about Wimberley residential, Wimberley land, Blanco River property, Wimberley view property and the best Wimberley subdivision descriptions on the internet.
I have been a Realtor/Broker in Wimberley since 1995 and here are my observations concerning the Wimberley real estate market. Wimberley real estate is in a long term bull market. It’s proximity to Austin will continue to make Wimberley a desirable place to live. It is truly the last of the hill country towns near Austin that has not sold out to mega marts and developers which keeps it unique. When we have experienced crashes in the stock market we will generally see a leveling off and even a small dip in prices.
The years in between (1995-2001) real estate values increased annually. Since 2002 we have seen nothing but increasing residential values and land values until 2008 (stock market crash) and 2009 when another “dip” in the Wimberley bull market took place again. 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 again in 2008 and 2009. We saw 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 wrote the following in January of 2010: 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. 2010 and 2011 found residential values in Wimberley climb on average $40,000-$50,000 with volume increases in both years and 2012 brought higher prices again with a large increase in average and median home sales prices and the number of homes sold.
The big news for 2012 was the large increase in the number of homes sold..largest volume in five years. I wrote the following in early 2013: I will go out on the limb and make another statement as I did in 2010…I believe Wimberley is becoming the “in” place to be in the Texas hill country and believe over the next five years we will see much higher prices. I expect 2013 to be a big year in Wimberley real estate with price and volume of sales continuing the long term Wimberley bull market.
I am sitting down for the first time in years to revisit this page and it is now March 1, 2019. We did indeed see the price increase over the years from 2013-2018. So where are we now (2019)and what would disrupt the bull market? I do not see anything that is going to cause a major crash in the Wimberley market. If anything has changed since 2013 it would be that Wimberley has become an even bigger “in” place to be for those seeking the last of the small town hill country experience. If we have a major economic event expect what we saw in 2008 and 2009, some drawdown followed by leveling off and higher prices again. I believe the Wimberly square, over the next couple of years, will be transformed into a really unique entertainment area with new restaurants, coffee houses, pubs, breweries, and music spots. Hang on, it’s coming. What a wonderful place to call home.