Updated: May 29, 2020
Fact 1: New Braunfels is the 3rd fastest growing city in the US since 2010.
Fact 2: inventory is low in Comal county and home prices are going up.
Fact 3: there is a move to flee the cities for the more rural areas.
Fact 4: interest rates are at an all time low.
New Braunfels has surpassed 90,000 residents, a 56.4 percent increase since 2010. Only Frisco, Texas and Buckeye, Arizona have seen a faster growth rate during that time
Canyon Lake in Comal county has experienced a 7.9% uptick in closed sales over last month, a 20% increase of the median price home from 2019 and is experiencing a low, 4.4%, months of inventory over last year at this time.
Because of inventory levels our market is still considered a buyers market but home prices are increasing and because of market conditions we do not see a reason for them to go down anytime soon. If you have been considering moving to the the hill country now is a good time. Check out our current inventory of homes for sale.
The Harris Poll recently surveyed 2,000 Americans, and 39% of the respondents who live in urban areas indicated the COVID-19 crisis has caused them to consider moving to a less populated area. We are seeing this currently in Comal county. People have discovered our gem in the hill country and are moving here in droves. COVID-19 has only reinforced a change to move from the "urbs to the burbs".
Inventory is low in our area and affordable lots are hard to find. For buyers seeking to move to our area see our homes for sale .
Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan.
Robert Dietz, Chief Economist for the National Association of Home Builders, in an economic update last week explained:
As the economy begins a recovery later in 2020, we expect housing to play a leading role. Housing enters this recession underbuilt, not overbuilt…Based on demographics and current vacancy rates, the U.S. may have a housing deficit of up to one million units.”
River Cliff Homes has poised itself to serve those buyers who are seeking a more peaceful way of life in our beloved hill country. We have contemporary homes ready for July closings. Prices range from$325K to $596K. Contact us today 210.693.1565, info@rivercliffhomes.com
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