This chart shows the history of the ranch sales and the average price per acre in the Fredericksburg TX Real Estate market and includes all raw land sales in Gillespie County.
Based on information from the Central Hill Country Board of REALTORS® MLS
for the period 2006 through dates indicated on charts.
Fredericksburg TX Real Estate Market Report Average land price
Average price per acre in Fredericksburg Texas
We have seen about a 27.6 % decrease in total sales for the first 3 quarters of this year compared to 2017. So far this year we have sold $47,046,680 worth of raw land and in 2017 we had sold $64,978,368 during the same period. What is the cause of this? I am not sure I am ready to give an opinion on the reason for this just yet but I will say it is likely, at least in part, due to limited inventory of quality tracts and also keep in mind that 2017 was really a very strong year for land sales in Gillespie county with big increases across the board. Fortunately even with the substantial decrease in total sales we have not seen any huge fluctuation in the price per acre. Looking at the average price per acre for all land sales in the county this year we are at an average price per acre of $9,701.71 which is down form last years high $10,389 per acre. And some segments of of the land market like the smaller tract size segments of the land market have seen increases this year. Such as the 1 to 5 acre average price per acre this year has jumped to an all time high of $52,438 per acre which is well above lat years high of $43,555 per acre. Probably the busiest segment of the land market this year has be the 10 to 25 acre tract market where there has been 36 sales already.
2018 Fredericksburg and Gillespie County acreage and ranch prices :
( Jan 1 to Sept 30 )
1 to 5 acre tracts – average price was $52,438.13 per acre.
6 to 10 acre tracts – average price was $26,733.39 per acre.
11 to 25 acre tracts – average price was $18,201.68 per acre.
26 to 50 acre tracts – average price was $11,733.33 per acre.
51 to 100 acre tracts – average price was $8,105.35 per acre.
101 to 250 acre tracts – Average price was $7,910.90 per acre.
250 plus acre tracts – Average price was $5,683,00 per acre.
If you would like a complete breakdown of acreage and ranch sales for Fredericksburg please send me an email, I would be happy to share!
Fredericksburg Texas Average land and Ranch prices
When you look at the chart above is easy to think you have a complete picture of the land and ranch market in Gillespie County. But just looking at the average price per acre of everything that has sold can be misleading. All land is not created equal. One must take into account where the majority of the land was sold in a certain year. West of Fredericksburg is certainly less expensive than East town. And if a ranch includes views and live water such as a river or creek it certainly brings more per acre than a flat field with no trees. So even though a lot can be gleaned from the chart above, a complete picture can not be had without looking at each property that sold individually.
If you would like a complete breakdown of the price per acre over the past 10 years feel free to email me.
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Office (830) 990-8708
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