There continues to be a substantial inventory of lots in Horseshoe Bay
in the Highland Lakes area of Central Texas. For lots listed at $10,000 and under, 2011 ended as follows in the table below. Overall, there are still high inventory levels in Horseshoe Bay with few properties selling. At the current absorbption rate, (one per month), there is a 6.3 year supply of lots listed in the under $10,000 category!

As a Seller, what does that mean to you? Price your lot as aggressively as you can. Generally speaking, the more aggressively priced lots are selling, particularly those with compelling features such as a golf or lake view.

As a Buyer, there are some great deals out there if you are interested in buying a lot in Horseshoe Bay. This is an area with wonderful amenities - Lake LBJ, 4 highly rated golf courses, quaint towns, hunting, fishing, boating, restaurants, barbeque, festivals and so much more here in the Central Texas Hill Country.

If you’d like to see this same type of market data for your area, please call or email us!

Thinking of selling your Horseshoe Bay or Highland Lakes area lot, home, condo or ranch?
Get a FREE Market Analysis of your property.

Packsaddle Country Club in Kingsland has new owners and a new name, along with new management. The course is now the Lighthouse Country Club, names for the new owner's Midland-based business, Lighthouse Energy Solutions. The owners, Rick & Mercy Howe are embarking on a new adventure with this project and are looking forward to a successful future, along with the new general manager, Al Pryor.

The club's previous owners filed for bankruptcy in 2008. The Howe's are cleaning up and reinvigorating the golf course and have changed the 18th hole from a par 4 to a par 3.

We look forward to this new entity becoming a beacon of light into the community and to their success.

Sue

Lot Sales in Horseshoe Bay continue to be slow with a very high inventory on the market. If you are thinking of buying, there are some great deals out there. If you are thinking of selling, it is vital to price the lot as aggressively as possible in order to have the potential of selling. In the $10K-$25K range, there is an 11 year supply of lots at the current rate of absorption.

Non-Lakefront Lots - 1/1/2011-9/30/2011

Note: There are several pending sales included in the Active Lots #'s

The $25,000-$50,000 continues to be the slowest category with no sales this year.

The number of listings in the over $150,000 category has increased significantly, although there have been no further sales since the last report.

1/1/2011-9/30/2011 - Lakefront Lots Only

The Llano river has run dry. This seems to be the first time this has happened in more than 100 years. I grew up playing in and around the Llano river and the low water crossing in Kingsland TX. What fond memories I have of that time in my life.

As of Wednesday, the Llano River, which normally courses through town at 158 cubic feet per second this time of year, was flowing at 3.8 cubic feet per second — the slowest since 1953, according to the U.S. Geological Survey. The river is the city's sole source of drinking water.

Officials expect the river's flow to stop as soon as the end of this week, prompting bans on personal car washing, sprinkler use and pool filling.
The city has between 60 and 90 days of untreated water stored behind two dams. But with the water as low as it is, it might be too cloudy or contain too much algae to be treated.

When those stores are gone, the city may need to dig wells or truck in water as a last resort.

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Whether you're interested in buying your first home, your next home, or just want to know more about home-ownership in general, I encourage you to check out a couple of great online resources: http://www.texasrealestate.com/ or http://www.har.com/. And for all of your Pearland, TX and Northern Brazoria and Galveston County real estate needs, please visit my site at: http://www.danfrankrealty.com. All of these sites offer tons of useful, real estate-related information geared specifically for Texans.

Remember, Danny Frank is a local Pearland, TX Real Estate expert! You can see my entire blog at: http://www.pearlandrealtyblog.com