Fredericksburg, Texas Market Update: May 2024
BY LIZA SMITH
Join Liza Smith for an insightful market update on Fredericksburg's real estate trends. From analyzing appreciation rates to navigating the current market conditions, Liza breaks down key insights from their recent office training session. Discover how the market has evolved post-COVID and learn valuable tips for buyers and sellers alike. Don't miss out on this informative update to stay ahead in the competitive real estate landscape of Fredericksburg!
As always, we're here to provide you with valuable insights and analysis to help you navigate the market effectively. So, let's jump right in! ↓
Market Update with Liza Smith: Show Notes
I have just finished our Wednesday training at our office here in Absolute Charm, and we like to run numbers to take a look at the market, see what our forecast is, and be able to provide good information for our clients, customers, buyers, and sellers. We figure out all the good details of where we think the market's going and what's happening. So, if you're curious about it, this market report is for you.
Appreciation and Depreciation:
Discussion on Fredericksburg's exceptional market performance during COVID.
Comparison of appreciation rates, noting the inflated rates and subsequent depreciation in 2022 and 2023.
Challenge to assess a 5-year appreciation/depreciation, highlighting significant appreciation from 2019 to 2023.
Key Takeaways:
Emphasis on the steady incline of real estate values over time.
Highlighting the importance of land ownership in securing future value.
Monthly Report:
Comparison of April sales data from the previous year, noting changes in home sales, days on the market, and median sales prices.
Detailed inventory analysis, including active listings, properties under contract, and types of available homes (single-family vs. short-term rentals).
Discussion on market conditions, observing a shift towards a buyer's market.
Analysis of price per square foot for different property types.
Discussion on the significance of market data for property valuation and decision-making.
Conclusion:
Recap of key points, including depreciation rates and appreciation trends.
Encouragement to leverage market insights for informed decision-making.
Invitation to stay tuned for future real estate updates.
Are you ready to get started on your real estate journey?