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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.
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Terra Verde Group and Wheelock Street Capital are partners in the ownership and development of Boot Ranch.
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© 2024 Boot Ranch Holdings, LLC – All rights reserved. Oral representations cannot be relied upon as correctly stating representations of the Developer. Not intended as an offer of or solicitation to buy real estate where prior qualification is required. No State or Federal agency has judged the merits or value, if any, of real property located and offered within the private development known as Boot Ranch. In addition to Lots, a portion of Boot Ranch features shared-ownership of luxury houses known as Sunday Houses. All improvements, designs and construction are subject to first obtaining the approved federal, state and local permits and approvals for same. All references to square footage are approximate and the actual configuration may vary. You should not rely upon any listed figures describing the gross area of a Lot or Sunday House. The sketches, renderings, graphic materials, plans, specifications, terms, conditions and statements contained in this advertisement are proposed only, and the Developer reserves the right to modify, revise or withdraw any or all of same in its sole discretions and without prior notice. Prices are subject to change without notice. Obtain the Property Report required by Federal law and read it before signing anything. For correct representations, please refer to the Property Report and, for Sunday Houses, the Texas Timeshare Disclosure Statement, as may be amended from time to time.