The real estate boom fueled by the pandemic continued in 2021 with unprecedented demand for homes in small towns and rural areas across the country. At Boot Ranch, this contributed to a record-setting 150 new contracts and reservations, a 30% increase over 2020 which was also a record breaker. Ninety-seven of the transactions were developer-owned lots, and 53 were resales of homes, lots and Sunday House shares. Prices for homesites ranged from the upper $300,000s to more than $1.5 million. Home prices ranged from $1.75 to $4.25 million.
According to Boot Ranch Realty broker Sean Gioffre, “Buyers throughout Texas and beyond came seeking a second home they could drive to from their primary residence, rather than flying to the mountains or ocean. Other buyers accelerated ‘some day’ plans to sell their homes in major cities in favor of full-time Hill Country living.”
Mark Yarborough, the director of sales, said that the developer worked to meet demand by accelerating development of new homesites and incentivizing builders to design and build speculative homes. “If there were more inventory of finished homes available, sales would have been much higher as many buyers want to start living the Boot Ranch life immediately,” said Yarborough.
For 2022, Yarborough said that the focus will be on releasing new estate homesites northwest of Longhorn Lake. The release of smaller homesites adjacent to the new Racquet Club and Longhorn Lake is also anticipated this year. Five builders have new homes in design review or under construction, starting around $3 million. The new Racquet Club, with 4 tennis and 4 pickleball courts, will open in the fall of 2022, a new Gun Club with a sporting clays course is slated for 2023, and the expanded Lake Club is expected to start construction by year end.
Contact Boot Ranch Realty at (830) 997-6200 to schedule a tour of available properties.
