2022 Real Estate Successes

Real estate sales in Fredericksburg and Gillespie County reported a record number of sales in 2021, the numbers seem to be tapering off this year.

Mike Starks, realtor for RE/ MAX Town & Country, reported $541,014,371 in total sales during 2021, way up from the $411,365,865 in 2020.

The first quarter of 2022 was still high at $109,894,517 but was less than the first quarter of 2021 number of $122,250,180.

As for home sales, the first quarter of 2022 saw $38,714,390 from 66 sold units for a decrease of 5.7% percent in total dollars from 2021’s first quarter.

“With all the demand, we have seen very strong appreciation rates in the housing market so far this year. In town home sales in Fredericksburg, we saw similar numbers due to low supply and higher prices,” Starks writes on his website. “You probably guessed home prices are continuing to climb.

The average home prices in town are already over 6% higher than all of 2021. The reported average prices in the first quarter of 2022 are at $586,582, up from $549,899.

Land Sales

Demand for land is still high, but supply isn’t, according to Starks. The amount of raw land tracts sold in 2022 so far is 69, which is down from the 79 number in 2021.

The average price-per-acre in the first quarter of 2022 is already $23,239.60, higher than the recordsetting price of $17,263.05 in 2021.

Sales Tax Receipts

Last year’s Gillespie County sales tax receipts were reported to be $3,789,118, up greatly from $3,083,668 in 2020.

“I expect that this growth will continue at an accelerated pace as the Hill Country wine industry grows,” Starks said.

Growth Projections

The Texas Water Development Board expects steady growth over the next 50 years by 25% in the city and 26% in the county.

By 2030, it is projected that the county population will be 28,852 and in Fredericksburg, the population is projected at 12,146.For more information on growth and real estate sales, go to www.mikestarks.com.