This report is the latest out of Kerrville Texas for homes, real estate, land and property for sale as of November, 2015.
The average listing price for a Kerrville home was $262,000. This represents an increase of 2.7% from the prior week and 1.4% or about $3500 from one year ago. The median list price is $375,000 with a total inventory of about 91 including all single-family homes and townhouses. Days on the market is about 107, down 11% from one month ago.
There are a total of about 317 properties for sale including all manufactured homes, vacant lots and land, condominiums and single-family homes. The current value starts at about $28,000 for a manufactured home to $1,875,000 for three bedroom and seven bath home with 9300 ft.² located on Landmark Road. There are several homes in the $1.8 million range and a 1.6 to $1.7 million range.
The majority of homes are between $300,000 and $400,000 for the average 2 to 4 bedroom home between 1900 ft.² and 3000 ft.².
A Kerrville Texas stretches from White Oak Road in the North to Lynn Creek trail East and Lynn Falmer Road in the South, Hugo Real Road to the west and Interstate 10 to the east.
Other reports of all properties shown average listing price of $456,000 with 67 commercial properties, 25 waterfront properties, 63 farms and eight condominiums. The average listing price for a one bedroom is about $89,000; a two bedroom is about $169,000; three bedroom at $345,000 in a four bedroom at $587,000 on average.
Listings have dropped someone over the last month as we head into fall and winter. Buyers can expect to find less properties on the market but may have a better chance at negotiations and lower prices due to the lack of competition.
A little bit of information about Kerrville Texas: it has a population of 40,000 residents with a 15% population growth and 157 population density. The median income is $43,859 and there are a total of 16,290 households.
For more information on the Kerrville Texas real estate market, buying or selling in this area please contact me at any time. Because I am a specialist in Kerrville I can understand the market, know how to price a home or negotiate on your behalf for the best terms and price when buying property.