Kerrville Real Estate Report Rotary Club of Kerrville October 17, 2012.

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Presentation transcript:

Kerrville Real Estate Report Rotary Club of Kerrville October 17, 2012

Overview The Commercial Market The Residential Market History the Past 10 Years Where We Are Now Outlook for the Future

October 17, 2012 Commercial Market Very Stable Locally Prices and Income Streams are Low 30% / 70% Commercial to Residential Outlook is for More of the Same

October 17, 2012 Residential Market History

October 17, 2012 Residential Market History Note: Dollar Figures in Millions

October 17, 2012 Residential Market 713 Residential Listings in Kerr County 557 Residential Listings in Kerrville 6.5 Months is Considered Stable Inventory Kerrville Has ~8.5 Month Inventory Market Value of Kerr County Real Estate: ~$6 Billion Market Value of Kerrville Real Estate: ~$2 Billion Have Hit the Bottom and Improved

October 17, 2012 How We Compare to Our Neighbors Source: ZipSkinny

October 17, 2012 How We Compare to Our Neighbors Source: ZipSkinny

October 17, 2012 Unemployment Rates Aug 2011Aug 2012 Kerr County Kendall County Gillespie County Texas8.27 US Source: Texas Workforce Commission and Bureau of Labor Statistics

October 17, 2012 To Ease Real Estate Market: Set Tax Policy so Employers Will Start Hiring Foreclosures Overhanging the Market Need to be Cleared Out Regulators Need to Ease Up on Dodd – Frank Regulations We Need to Feel Good About Our Future

October 17, 2012 Questions ?

October 17, 2012 Closing and Thank You