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Real Estate News in Horseshoe Bay - October 8th, 2016
Recently the owners of Horseshoe Bay Resort secured a large amount of financing for capital improvements to the resort. Planning is in process to add several amenities to the resort and upgrade existing facilities. Some will include new clubhouses at both Caprock which is the golf facility in Horseshoe Bay West and Summit Rock, home of our new Jack Nicklaus signature golf course. Other planned improvements include expansion of our health club, revamping of our Marina, upgrades to our Yacht club and other clubhouse facilities. It is an exciting time to be part of Horseshoe Bay Resort and these additions will only enhance the already wonderful resort environment. Add to this our 4 golf courses, constant level lake LBJ and our other sports facilities and you have the best lifestyle available in Texas. The extraordinary beauty of the area is captivating and is a favorite destination from people all over the country.

News for Horseshoe Bay, TX - March 25th, 2016 9:25am
Ask me how you can get a highly discounted room rate at our 4 star hotel at Horseshoe Bay Resort, normally starting above $300 per night! As a member of the Horseshoe Bay Resort Realty team, the brokerage owned by the owners of the resort, I can extend courtesies to you during your stay while previewing real estate, that no other realtor groups can provide. Contact me to find out how I can combine a great vacation in our fabulous Texas Hill Country resort along with your search for real estate. This is not a "capture them while they are here" opportunity. This is, however, reserved for those with an interest in HSB real estate. Horseshoe Bay is centrally located among dozens of Hill Country Wineries, one hour from Austin, one hour twenty minutes from San Antonio, 30 minutes from the posh Hill Country Galleria mall and one hour from the quaint German town of Fredericksburg. It is no mistake why we sell more real estate, and have for years, than any other broker in the Hill Country. We are the inside information on everything going on and being planned in Horseshoe Bay.

News for Horseshoe Bay, TX - December 16th, 2014 3:01pm
Ask me how you can get a highly discounted room rate at our 4 star hotel at Horseshoe Bay Resort, normally starting above $300 per night! As a member of the Horseshoe Bay Resort Realty team, the brokerage owned by the owners of the resort, I can extend courtesies to you during your stay while previewing real estate, that no other realtor groups can provide. Contact me to find out how I can combine a great vacation in our fabulous Texas Hill Country resort along with your search for real estate. This is not a "capture them while they are here" opportunity. This is, however, reserved for those with an interest in HSB real estate. Horseshoe Bay is centrally located among dozens of Hill Country Wineries, one hour from Austin, one hour twenty minutes from San Antonio, 30 minutes from the posh Hill Country Galleria mall and one hour from the quaint German town of Fredericksburg. It is no mistake why we sell more real estate, and have for years, than any other broker in the Hill Country. We are the inside information on everything going on and being planned in Horseshoe Bay.

News for Horseshoe Bay, TX - March 20th, 2014 2:53pm
Ask me how you can get a highly discounted room rate at our 4 star hotel at Horseshoe Bay Resort, normally starting above $300 per night! As a member of the Horseshoe Bay Resort Realty team, the brokerage owned by the owners of the resort, I can extend courtesies to you during your stay while previewing real estate, that no other realtor groups can provide. Contact me to find out how I can combine a great vacation in our fabulous Texas Hill Country resort along with your search for real estate. Horseshoe Bay is centrally located among dozens of Hill Country Wineries, one hour from Austin, one hour twenty minutes from San Antonio, 30 minutes from the posh Hill Country Galleria mall and one hour from the quaint German town of Fredericksburg. It is no mistake why we sell more real estate, and have for years, than any other broker in the Hill Country. We are the inside information on everything going on and being planned in Horseshoe Bay.
National Market Conditions
2017 2nd Quarter Market Report: Home Sales Stall but Prices Rise

The 2nd quarter of 2017 ended on a down note with pending home sales dropping for three straight months. However home prices continue to rise at a rapid pace with median home prices up 6.2% year over year. The primary reason for the slow-down in sales is the limited number of homes for sale, higher prices and less buyers being able to afford to buy a home.

The most notable change in the 2nd quarter was how fast the homes were selling. Our survey showed that in 70% of the markets surveyed homes sold in under 60 days compared to 53% in 2nd quarter 2016, resulting in a whopping 17% increase. Additionally we found that 84% of the markets reported a tight to very tight supply of homes compared to 66% last year...another whopping 18% increase. The tight supply of inventory is causing homes prices to rise with 91% of all markets surveyed reported price appreciation. 34% of the markets reported appreciation over 5% and another 27% reported appreciation in excess of 10%.

According the National association of Realtors (NAR) existing home prices were up 6.2% over last year. The inventory of unsold homes is at a 4.6 month supply and 54% of all homes were sold in under one month. Still home sales dropped overall due to the low inventory of homes for sale.

The data in this report is generated primarily from our survey of HouseHunt.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.

Buyer and Seller Activity
The trend in buyer activity is significantly higher than seller activity. Our Realtors reported increasing buyer activity in 89% of the markets - up 15% from last quarter and 5% over last year. However seller activity increased in only 49% of the markets - down 9% from last year and up 5% over last quarter.

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Fall 2017 Market Update
Now is an exceptional time to buy a home in Horseshoe Bay. While prices are increasing, great opportunities still exist. Call now for more information at 512-755-0564
Average Sold Home Price: $375,000

Average Time on Market: 30-60 days

Best Selling Price Range: $400,000 - $449,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: Decreasing

Buyer's or Seller's Market: Equal buyers and sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Increasing

Multiple Offers? Yes

Multiple Offers Commentary: While multiple offers are much more frequent now, there are many new listings coming to market daily. New home construction and lot sales have increased dramatically, putting pressure on existing home prices. Existing homes tend to be more negotiable and less often will receive multiple offers.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Comments on Financing For Qualified Buyers: We have numerous local mortgage brokers and mortgage companies that understand the second home buyers needs, along with self-employed and retired buyers.

Housing Inventory: Good Supply

Housing Inventory Comments: There are many new listings coming to market daily. New home construction and lot sales have increased dramatically. While it is a tight market, there are still many beautiful homes available in all price ranges, particularly from $1MM-$7MM. That being said, the favored price range for the past year has been between $300K-$500K

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Prices and interest rates still remain low and waiting to make a second home or retirement home purchase will just cost more as interest rates continue to rise. Prices are still below what it costs to build a new home averaging around $140-$170 per square foot to as high as $900 per sq. ft.

Nearest Metro Area: Centrally located between Austin and San Antonia, TX

Housing Hot Spots: Horseshoe Bay, Blue Lake, Kingsland, Marble Falls, Highland Haven and Sunrise Beach, The Trails

Contact Information
Rick Joppie
512-755-0564
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Mortgage Rates for Nov 19th, 2017
30 year fixed rate: 3.84%
15 year fixed rate: 3.15%
30 year jumbo rate: 4.10%
15 year jumbo rate: 3.80%
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Real Estate Professional, Rick Joppie Rick Joppie
Horseshoe Bay Resort Realty
Specializing in Horseshoe Bay Real Estate
101 Horseshoe Bay Blvd.
Horseshoe Bay, Texas 78657
512-755-0564
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Rick Joppie for current Horseshoe Bay, TX market conditions before acting on this information.)
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