Once again Real Estate Sales set record in Fredericksburg TX for 2017
Total sales at all time High
The total dollars sold in Gillespie county in 2017 was $259,417,864. That was a 16.5% increase over 2016 when the total sales ended at a little over $216,809,591. The total number of individual properties that sold was also up right at 10% . So a very healthy increase in the total sales for the county.
Average Home Prices in Fredericksburg TX
In 2017 the average price of a home in Fredericksburg rose to $402,928
That is an increase of 10.3% over the end of 2016 when the average home price was $361,726. That is an a astounding 46.3% increase over the past 5 years , when in 2013 the avg priced home was $256,810
Now that sounds like a really big jump in prices and it is, but if you examine it closely you’ll see that comes out to an appreciation rate of 9.26% a year over the last 5 years. and 9% a year is certainly strong but not totally out of line. In fact the national appreciation rate over the last 5 years was 7.11%. So even though it may feel a little crazy in Fredericksburg sometimes it helps to look at if form the perspective that we really are not going up that much faster than the national average
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