Links Living | Wickenburg Ranch
Feb 11, 2016
Hill Country Sales Soar
(BOERNE, TX) While the rest of us have enjoyed downward trending oil prices, Texas has taken an economic hit. That hasn’t seemed to have an effect in the Texas Hill Country where the real estate market is thriving. The 8,700-acre luxury golf community, Cordillera Ranch, reports home and lot sales soared in 2015 and that they expect 2016 sales to remain on an upward trend. Highlights from their banner year include $98 million in real estate transactions, 62 lots sold totaling more than $17 million, 43 homes sold totaling more than $40 million, and the average sale price rose by $60,000, from $881,000 to $941,000. 2016 brings the unveiling of their newest development within the community, The Springs of Cordillera Ranch, featuring lots from $100,000 to $300,000, and lot and home packages ranging from the $600,000’s to over $2 million. Since its inception in 1997, more than 700 homes have been completed (with more than 1,200 lot sales) at Cordillera Ranch.At final build-out, this low-density community will total approximately 2,500 homes and preserve approximately 80 percent of the land in its natural vegetation.
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