Real estate blog entries tagged with real estate by Steve Mallett Dripping Springs Real Estate Agent (Mallett Integrity Team)

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Home : Blogs : Steve Mallett Dripping Springs Real Estate Agent : Steve Mallett Dripping Springs Real Estate Agent's Blog : Tag "real estate"

real estate: Why Real Estate? - 06/19/09 05:29 PM

In Dripping Springs, the town where I live, in 1999 the average sold price per acre for land sales, in tracts larger than 10 acres, was $4050 per acre. In 2008 the average sold price per acre was over $15,000. That annual rate of return over the 10 years was in excess of 11% for land purchased in 1999.
At the end of 1999 the Dow Jones Industrial Average traded at 11,450. The Dow has recently been trading at 8800. GM traded at $72 per share on December 31st, 1999; now that stock is worth nothing. It's not hard to … (0 comments)

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Steve Mallett Dripping Springs Real Estate Agent

Dripping Springs, TX

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Address: 333 Highway 290 East, Suite 417, Dripping Springs, TX, 78620

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