Market Report - December 2021

Dated: January 11 2022

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It is that time where we take a look at real estate data from last month. We are going to compress two typical blog posts into one this month. We are able to make some conclusions based on whether sellers are getting asking price for their homes, inventory, median price, days on the market, etc. in Horseshoe Bay and Marble Falls. The infographics are available below for you to view as well. 

Comparing prior months, we see that inventory across the two areas continues to slide down from a relative high point in November. Horseshoe Bay is down to 1.7 months while Marble Falls is under 30 days. From experience, finding a home in Marble Falls is very difficult right now. I have talked to clients who have all but given up on the Marble Falls market. Meadowlakes which is located within Marble Falls is every bit as difficult with an inventory of less than 40 days. 

The limited supply accompanied by the strong demand for homes has pushed median home prices upwards. The median price for a home in Marble Falls is up over 90% from December, 2020, Meadowlakes is up 75%, and Horseshoe Bay is up over 30%. The homes have been on the market, cumulatively, for about the same number of days as last year. One reason for this could be that people continue to finance home purchases because of the low interest rates. Financing is extending the process by as much as 3-4 weeks as lenders wait for appraisals. 

With inventory low, and prices up, you would expect sales prices to be well above listing prices. However, that is not the case. Homes are being listed for higher prices than a year ago, but sellers received under listing price across all price points in Horseshoe Bay and Marble Falls in December. This tells me that although competition is fierce, there were not as many multiple offer situations in December. 

Overall, it is still a good time to be a seller and it is getting difficult again for buyers. Some tips for buyers: be ready with a pre-approval letter from your lender, if youy're not paying cash. Be prepared to pay for title insurance and/or the survey, if needed. Consider shorter option periods or none at all. Lastly, be ready to write up an offer right away. Waiting is not going to benefit buyers right now. There is risk for the buyer in each of these options, so it is important to become educated on those prior to making any offer.

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Tony Houle

Hi there! Thanks so much for stopping by. I look forward to working with you. Although I am not a native to Texas, I have now been here for over 20 years. I was introduced to Horseshoe Bay in 2000 and....

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