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

Kerrville Real Estate ReportRotary Club of Kerrville

October 17, 2012

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

78028  131.48 78074  100% 78024  41.3% 78024  72.9% 78074  64% 78013  18.5% 78024  $43,500

78025  83.66 78024  87.8% 78028  24.2% 78631  65.1% 78631  63.7% 78055  16.1% 78624  $37,874

78003  35.46 78055  86.7% 78055  23.5% 78624  65.1% 78624  59.7% 78028  14.9% 78013  $35,625

78010  33.23 78631  82% 78624  22.8% 78074  64% 78010  55.8% 78631  14.8% 78631  $35,521

78624  24.53 78028  81.7% 78025  20.8% 78013  63.6% 78013  54.7% 78010  13.3% 78010  $35,121

78074  20.6 78025  81.5% 78003  19.6% 78003  63.4% 78025  52.3% 78003  12.3% 78028  $34,374

78013  19.86 78003  81.2% 78010  18.5% 78025  63.2% 78024  51.7% 78025  11.4% 78055  $33,846

78055  8.05 78624  79.9% 78631  17% 78028  61.5% 78028  50.9% 78624  9.8% 78025  $33,491

78631  6.13 78010  79.3% 78013  16.9% 78010  59.7% 78055  49.1% 78024  8.2% 78003  $33,063

78024  4.18 78013  71.3% 78055  59% 78003  46% 78074  $17,361

Population Density High School + Bachelors + Married Here 5+ yrs

Source: ZipSkinny

October 17, 2012

How We Compare to Our Neighbors

78028  131.48 78074  100% 78024  41.3% 78024  72.9% 78074  64% 78013  18.5% 78024  $43,500

78025  83.66 78024  87.8% 78028  24.2% 78631  65.1% 78631  63.7% 78055  16.1% 78624  $37,874

78003  35.46 78055  86.7% 78055  23.5% 78624  65.1% 78624  59.7% 78028  14.9% 78013  $35,625

78010  33.23 78631  82% 78624  22.8% 78074  64% 78010  55.8% 78631  14.8% 78631  $35,521

78624  24.53 78028  81.7% 78025  20.8% 78013  63.6% 78013  54.7% 78010  13.3% 78010  $35,121

78074  20.6 78025  81.5% 78003  19.6% 78003  63.4% 78025  52.3% 78003  12.3% 78028  $34,374

78013  19.86 78003  81.2% 78010  18.5% 78025  63.2% 78024  51.7% 78025  11.4% 78055  $33,846

78055  8.05 78624  79.9% 78631  17% 78028  61.5% 78028  50.9% 78624  9.8% 78025  $33,491

78631  6.13 78010  79.3% 78013  16.9% 78010  59.7% 78055  49.1% 78024  8.2% 78003  $33,063

78024  4.18 78013  71.3% 78055  59% 78003  46% 78074  $17,361

Poverty Median IncomeMarried Here 5+ yrs

Source: ZipSkinny

October 17, 2012

Unemployment Rates

Aug 2011 Aug 2012

Kerr County 6.7 5.9

Kendall County 6.6 5.8

Gillespie County 4.9 4.3

Texas 8.2 7

US 9.1 8.1

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