market menu

 South West 

 Western Hill Country  

 Central and Eastern Hill Country  

 Inland Plains  

 Upper South Texas  

 Home 

The Western Hill Country of Kerr, Real, Bandera and Medina Counties plowed forward with appreciation rates ranging from 15% to 25%. There were several sales in Bandera County of 2,000+ acre creek/spring ranches topping $2,000/acre, with asking prices now approaching $4,000/acre on heavy water places with substantial size. We participated in the sale of the 1,000 acre Greystone Ranch on Turtle Creek south of Kerrville for $5,000/acre. We saw non-water tracts in Medina County top $1,000/acre for the most part, with asking prices on Hondo and Seco Creeks moving
over $2,000/acre. A 1,200 acre tract near Pipe Creek languished on the market for $2,100/acre, though its configuration challenges the development market. At the same time, several 100 to 300 acre tracts on strong creeks in the same area sold for over $5,000/acre. We began to see some real separation between ranches with trickling springs and creeks, and those with high-volume flow with unique features such as waterfalls, swimming holes, cypress trees and rock formations. The former showed definite price limitations, while the latter category showed few or none. Guadalupe River tracts above Kerrville have topped $10,000/acre or more, and those near Comfort approached that level. The Sabinal Canyon showed a good surge, with smaller river properties hitting the magical $10K mark, though larger parcels downstream of Utopia still hung in the $2,000/acre zone.