An overview of the Fredericksburg real estate market in 2008

By Greg Oehler, Broker/Owner

Below is some data on how the entire real estate market in the Gillespie County Board of REALTORS Multiple Listing Service is doing so far in 2008. I ran some numbers for this year and compared them to the same time (January 1 - May 31) last year.

Residential

The number of sold units is up by 5 (130 in 2008 vs. 125 in 2007), but the dollar volume is down by $3,519,000 or 9.47%

Land and Farm

The number of sold units is down by 15 (129 in 2008 vs. 144 in 2007) and the dollar volume is down by $5,685,000 or 10.42%

Commercial

The number of units sold is up by 3 (11 in 2008 vs. 8 in 2007) and the dollar volume is up by $2,747,000 or 37.5%

Total Market

The total number of units sold is down by 7 (270 in 2008 vs. 277 in 2007) and the dollar volume is down $6,458,000 or 8.36%. The total sales through May 31, 2008 is $70,904,000 vs. $77,262,000 in 2007.

Greg can be contacted at Greg@fbgliving.com. View his agent bio.