BULVERDE SPRING BRANCH TEXAS RESIDENTIAL MARKET REPORT
FEBRUARY 2010
The Bulverde Spring Branch Market is loaded with listings to choose from and has several pending, but the solds for the month of February 2010 were not much to write home about. The following information was taken from the Central Texas MLS. These are for residential properties only including manufactured homes and site built homes.
Active Listings
There are 102 active listings on the market ranging in price from $32,000. to $1,295,000.
Average Listing Price is $397,358. and Median Listing Price is $375,000.
Average Price Per Square Foot is $132.12 and Average DOM is 145 Days
Pending Listings
There are 23 pending listings on the market ranging in price from $39,000. to $1,395,000.
Average Listing Price is $300,901. and Median Listing Price is $290,229.
Average Price Per Square Foot is $107.14 and Average DOM is 244 Days
There is an obvious disparity between the listing prices and the prices of the homes that are going under contract. What this means is that it is important in a buyer's market such as this to price aggressively! If you do not have to sell, it is probably better to wait for a time when there is less competition.
SOLD Listings
There were 2 sold listings in February 2010 ranging in list price from $47,000. to $199,000.
Average Listing Price was $123,000. and Average Sold Price was $121,705.
Average Price Per Square Foot was $54.13 and Average DOM was 63 Days.
The List Price to Sales Price Ratio was 97%, which is very normal for this market area.
The Take Away...
As mentioned above, if you do not absolutely have to sell you home in the Bulverde/Spring Branch Texas market, I would wait for a more favorable market. This is not a good time to TEST the waters to see if you can get premium pricing for your home. There are more distressed sales coming into this marketplace and they are your competition both in terms of selling and appraisal. If you must sell, it is critical to be realistic about your pricing and price to compete with the comparable properties in your marketplace. It is imperative to your success of selling that you enlist the help of a knowledgable professional REALTOR who undestands the numbers behind the market your home is located in. Contact Jeani Thomas Richie, Broker of EXIT Hill Country Realty for more information about our comprehensive marketing plan and pricing strategies. If you find yourself in a distressed homeowner position, I am a SFR Certified (Short Sales and Foreclosure Resource) and can help you come up with a solution.
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