New Braunfels and Comal County real estate trends for March 2020

According to data from Four Rivers Association of Realtors, median home prices have risen in New Braunfels and Comal County since March 2019. (Community Impact Newspaper)
According to data from Four Rivers Association of Realtors, median home prices have risen in New Braunfels and Comal County since March 2019. (Community Impact Newspaper)

According to data from Four Rivers Association of Realtors, median home prices have risen in New Braunfels and Comal County since March 2019. (Community Impact Newspaper)

Area home sales do not appear to have been hit very hard in March by the coronavirus, despite “Stay Home/Stay Safe” orders that were issued by Comal County and the city of New Braunfels.



Data published by Four Rivers Association of Realtors (FRAR) shows median home prices in New Braunfels increased from $237,800 in March 2019 to $245,999 in March 2020—a 2.9% increase.

The median price in Comal County jumped from $292,626 to $323,900 in the same time period—a 17.5% difference.

However, active listings and closed sales dropped year-over-year for both New Braunfels and Comal County.

FRAR data shows the number of active listings dropped 35.2% in New Braunfels and fell 11.6% in Comal County.

The number of closings also dropped—decreasing 26.1% in New Braunfels and 5.4% in Comal County.


January and February of this year were both slower than March though, which could indicate that a larger impact from the coronavirus has yet to hit the housing market.

“For most of March, it was still ‘business as usual,’” said Austin Board of Realtors President Romeo Manzanilla in a news release. “Declines in listing activity and pending residential sales in March indicate that we won’t begin to see the true impact of COVID-19 on the housing market until our April report.”

New Braunfels recorded 107 closed sales in January of this year, compared to 153 in March. Comal County recorded 192 closings in January and 333 in March.

According to Yvonne Hoffmann, realtor with Reliance Residential Realty, realtors have adjusted their operations to comply with social distancing mandates and have utilized technology to show homes.

“Our local association has given [realtors] guidelines as far as the seller’s responsibility and buyer's agents responsibility on those showings, as far as what to be wearing, what to touch and what not to touch,” Hoffmann said. “What we are seeing an increase in is realtors doing virtual showings.”

Commercial real estate sales have also slowed slightly, though construction on commercial buildings has continued, according to Cory Elrod, realtor with Legacy Commercial Real Estate.

“The call volume has slowed down. I think that's to be expected. People are just trying to figure out what this all really means,” Elrod said. “We're going to go back to work, and people have got to plan where they're going to have their business.”
By Lauren Canterberry
Lauren began covering New Braunfels for Community Impact Newspaper in 2019. Her reporting focuses on education, development, breaking news and community interest stories. Lauren is originally from South Carolina and is a graduate of the University of Georgia.


MOST RECENT

Jack Allen's Kitchen will be at 1345 E. Whitestone Blvd., Cedar Park. (Rendering courtesy Jack Allen's Kitchen)
7 restaurants coming to Cedar Park, Leander; new murals to go up in Georgetown and more top area news

Read the top business and community news from the Central Texas area from the past week.

The program, which began this week in San Marcos, gives Amazon and Whole Foods employees and contractors direct access to COVID-19 vaccinations. (Courtesy Amazon)
Amazon begins rollout of statewide vaccination clinics for employees

The program, which began this week in San Marcos, gives Amazon and Whole Foods employees and contractors direct access to COVID-19 vaccinations.

Hannah Sullivan, a Galen College of Nursing student, prepares a Moderna vaccine during a January vaccine clinic in Comal County. (Lauren Canterberry/Community Impact Newspaper)
Comal County continues vaccine partnerships with local nursing programs

Local nursing students have played an integral role in Comal County’s coronavirus vaccination efforts by administering doses during weekly clinics.

Austin FC supporters celebrate the official announcement of the team in January 2019. (Amy Denney/Community Impact Newspaper)
How, where to watch historic first Austin FC match April 17

Check out this list of breweries, pubs and restaurants around Central Texas that are hosting watch parties for April 17's inaugural Austin FC game.

Z'Tejas' chorizo dumplings are served on the Arboretum location's porch. (Iain Oldman/Community Impact Newspaper)
Z'Tejas to open in Avery Ranch; butcher, deli to open in Dripping Springs and more Central Texas news

Read the latest business and community news from the Central Texas area.

Chad Niland and Jason Sublett operate the restaurant, which has been open since 2016. (Lauren Canterberry/Community Impact Newspaper)
The Downtowner Bar & Kitchen reopens in New Braunfels after yearlong closure

The restaurant closed in March 2020 due to coronavirus restrictions and costs associated with operating at limited capacity. Now the owners are reopening with a new menu ahead of the summer season.

Plank Seafood Provisions opened inside The Domain in late March. (Courtesy Richard Casteel)
Seafood spot opens in The Domain; All Star Liquor now serving Georgetown and more Central Texas news

Read the latest business and community news from the Central Texas area.

Federal funding is set aside for public schools to address effects of the pandemic. (Courtesy Adobe Stock)
Why Texas has not yet distributed $18 billion in federal funds intended for public schools

As budget decisions loom for school districts across Texas, state leaders are holding on to federal funds intended for public schools to use in addressing the effects of the COVID-19 pandemic.

The Electric Reliability Council of Texas said power outages are not expected April 13, while requesting energy conservation. (Iain Oldman/Community Impact Newspaper)
UPDATE: ERCOT call for energy conservation ends April 13 without need for power outages

An ERCOT official said "tight" supply and demand conditions arose on the state's electric grid April 13 due to forecasting issues amid planned, seasonal maintenance outages by some power generators.

The Centers for Disease Control and Prevention and U.S. Food and Drug Administration recommended health providers pause distribution of the Johnson & Johnson vaccine April 13. (Olivia Aldridge/Community Impact Newspaper)
State, federal health authorities recommend pause of Johnson & Johnson vaccine after 6 rare, severe blood clots

Hub providers in Dallas, Harris and Travis counties have all announced they will follow the recommendations and pause distribution of the Johnson & Johnson vaccine.

COVID-19 hospitalizations in Comal County have increased to 19, up from 13 on April 9. (Warren Brown/Community Impact Newspaper)
Comal County positivity rates pass 5% as area hospitalizations increase

The county has reported 189 new confirmed and probable cases of COVID-19 since April 5, 109 of which are New Braunfels residents.

Work on a new NBISD elementary school campus is to begin this summer. (Warren Brown/Community Impact Newspaper)
Next NBISD elementary school campus to begin construction this summer

The school will eventually replace Carl Schurz and Seele Elementary Schools.