Blanco River Sales in Wimberley Rebound After flood
I was asked by a client, this week, what Blanco River sales have done in Wimberley since the flood of 2015. My initial thought was that Wimberley was back to pre-flood levels but I decided to take a closer look and here is what I found.
The year and a half after the flood was mostly about rebuilding and remodeling and the good folks of Wimberley who were hit the hardest, trying to figure out what to do with their Blanco River properties.
Skip forward to 2107 and we saw 12 Blanco River properties sale at a median price of $632,500. In 2018 Wimberley had 13 Blanco River homes sale at a median sales price of $550,000 and up to November of 2019 we have seen 11 Blanco River home sales at a median sales price of $525,000. Here is what the two and a half years 2017-(November) 2019 look like:
Copy of Blanco River Residential Sales 2017-2019 (through September)
Property Type: Residential l Staus: Sold l Number of Properties Sold: 35| Beds | Baths | Square Feet | List Price | Sold Price | Sold Price Sq.Ft. | Acres | DOM | |
|---|---|---|---|---|---|---|---|---|
| MIN | 1 | 1 | 730 | $304,700 | $300,000 | $136.47 | .42 | 2 |
| MAX | 5 | 5/2 | 3,847 | $1,995,000 | $1,925,000 | $621.97 | 46.15 | 753 |
| AVG | 3 | 3/1 | 2,238 | $688,620 | $636,583 | $295.52 | 3.59 | 189 |
| MED | 3 | 3/1 | 2,238 | $595,000 | $548,500 | $289.86 | 1.43 | 88 |
So what had happened in the two and a half years previous to the flood of 2015 with home sales on the Blanco River in Wimberley?
Well, oddly enough the exact same number of sales with 35 river home sales at a median sales price of $550,000. Here is what the two and a half years previous to the flood of 2015 looks like.
Blanco River Residential Sales for two years prior to flood of 2015
Property Type: Residential l Staus: Sold l Number of Properties Sold: 35| Beds | Baths | Square Feet | List Price | Sold Price | Sold Price Sq.Ft. | Acres | DOM | |
|---|---|---|---|---|---|---|---|---|
| MIN | 1 | 1 | 828 | $274,900 | $250,000 | $95.64 | .24 | 1 |
| MAX | 5 | 5/2 | 4,558 | $1,700,000 | $1,457,500 | $546.18 | 10.00 | 750 |
| AVG | 3 | 3 | 2,402 | $638,874 | $602,057 | $270.11 | 1.95 | 178 |
| MED | 3 | 3 | 2,375 | $575,000 | $550,000 | $266.40 | 1.08 | 107 |
My initial thought, that it “felt” like we were back to pre-flood levels on sales was correct. I think the sales numbers show something else that is important. The median sales price both before and after the flood is almost identical but here is what the non-riverfront properties have done in Wimberley. Take a look at the 2012-2015 time period and then the 2017-2019 periods. We have seen a rise in the median sales price in Wimberley of 30%-40% during the same time period.
Conclusions:
Volume is back but sales prices are still recovering for Blanco River homes. I expect the further we get away from the flood of 2015 to see Blanco River home values rise to catch up with the appreciation we have seen in the last few years of non- river homes in the Wimberley Valley. The flood of 2015 caused a lot of damage to both Wimberley’s property and Wimberley hearts. Time is a healer. Wimberley is strong.
Click on this link to see what is currently available in Wimberley Waterfront Homes
21 Great Things About Wimberley
Grooving in the hill country of Texas ~ the Wimberley way.
Twenty-one things off the top of my head that make Wimberley unlike anywhere else in Texas.
1) Blanco River- it meanders through the town and all around. swimming, kayaking, and hanging out are recommended.If you want to spend the weekend find a B and B on the river and enjoy.
2) The hills- they surround the Wimberley Valley and offer spectacular views from above and below.
3) the Corral theatre- an outdoor walk-in movie theatre. much like the old drive in’s but you sit in old rockers, under the stars. nothing better on a summer night.it has been here for decades.Bring a cold bottle of wine if you like.You know when its time for the movie, always at dusk.
4) Market Days- Second largest outdoor market in Texas with over 400 vendors. First Saturday of the month March through December.You have never seen so much stuff from junk to arts and crafts. Come early if you are a serious looker.Seriously this is a lot of fun. I rarely miss one.
5) Jacobs Well – Where cypress Creek originates. eight divers through the years have gone down and never come back. favorite place for the local kids to swim for years. cold and refreshing.Discovered in 1850’s by Wimberley settlers but the Comanche knew of it long before.
6) Susanna’s Kitchen – located in a church where locals like Alejandro Escovedo, Willis Alan Ramsey and Ray Wylie Hubbard bless us to small, intimate concerts when they are not doing the Letterman or Leno shows. Smoke and alcohol-free. Enjoy tamales, pie and coffee. Visit Susanna’s Kitchen.
7) Blue Hole – beautiful swimming spot on cypress creek with huge Cypress trees lining the bank. It’s a great place to have a picnic and swing off the ropes into the cool, clear water. Check hours and location.
8) Shakespeare Under The Stars – The only accredited high school Shakespeare program in America, kids come from all over the state to participate in everything from costume design to set building and of course acting. July 27 – August 9 at the outdoor Emilyann theatre
9} Mt. Baldie – 219 steps to the top. Incredible views of the Wimberley Valley and beyond. Catch a sunset. Bring water and sneakers and, of course, your camera.
10) Wimberley square – Lots of really unique items. Check out the Blue Willow and have a beer at Inoz. It is hard to survive in this town if you are not unique. I know… all tourist towns have a square, but hey how many folks live in a tourist town?
11) Wimberley Pie Company – Man o man! You’ve never seen so many pies. In fourteen years I have sampled most of them. Try the cherry but then again just choose your favorite, they are all delicious.
12) Cypress Creek – When you cross over the bridge at the square..that is Cypress Creek. Absolutely beautiful. Probably the most photographed spot in Wimberley.
13) Gourmet Tamale Kitchen – Without a doubt the healthiest, best-tasting tamales I have ever eaten. I once saw a woman from Ohio fill a cooler to ship back home.
14) Wimberley Pie Social – In April. Serious pie competition with locals vying for the blue ribbon. It is a hoot and a great small town atmosphere without the huge crowds.
15) Wimberley Brewing Company – Opened in Feb. of 09 by former San Francisco 49erand longtime Wimberlyite Bruce Collie. They make their own and they meet Reinheitsgebot(the German brewing purity laws). If you love beer do not miss this stop.
16) Butterfly Days – Third Saturday in April. Watch the release of hundreds of butterfly’s to help populate their new home in Wimberley. Lots of fun things for the kids like face painting, games, entertainers and you should see the joy on their faces. This is a really unique event. Bring the children or grandkids.
17) Wimberley Glass Works – you talk about some beautiful works of art. They have demonstrations throughout the day where you can watch them blow glass. very cool.
18) Spring – As in wildflowers, Bluebonnets, Texas Paintbrush, Indian Blanket, Greenthread, Winecup and on and on. Come to Wimberley in the spring it is beautiful.
19) Austin – Oh yes, Wimberley is so close to my favorite city. Forty minutes down a country road and you’re watching the Longhorns play ball, eating at a great restaurant or enjoying a concert. Texas’s finest hill country town right next door to it’s most celebrated city.
20) Salt Lick BBQ – OK, so technically that would be Driftwood but you are just 10 minutes away from some of the best BBQ in America.
21) November through March – Sixty something degrees and the sun is usually shining. The climate is better nowhere else this time of year. What more needs to be said.