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    Real Estate Trends

    Texas home sales are slipping a bit in this category

    Nicole Raney
    Jul 6, 2015 | 2:32 pm

    A new report shows that home sales in one particular category have slowed — to the tune of an overall decrease (gasp) in the state of Texas. According to the 2015 Texas Condominium Mid-Year Sales Report, the state's four major markets (Austin, Dallas, Houston and San Antonio) experienced an average 1 percent decrease in condo sales between January and May 2015 when compared to the same time period in 2014.

    Why? Well, Austin is dragging us all down. There only 1,178 condos and townhomes were sold — a 12 percent decrease from the same time period in 2014. The median condo price, however, increased 4 percent year-over-year from $214,480 to $222,000.

    But in Dallas, 2,454 condos and townhomes were sold between January and May 2015, for a modest 3 percent increase over 2014. The median condo price increased 7 percent year-over-year to $171,020.

    Condo sales in Houston dipped slightly, decreasing 1 percent, while condo prices remained unchanged at $145,000. Like Dallas, San Antonio saw an increase in sales and prices. In fact, prices there rose 9 percent to $189,900, and sales increased 6 percent. But that equates to only 288 units sold.

    Experts stated that part of that is due to the high cost of new units.

    "The land and development costs for condominiums in Texas' metro areas are so high that new condos being built today are priced outside of an affordable price range," said Dr. Jim Gaines, an economist with the Real Estate Center at Texas A&M University. "Existing condos, by comparison, are priced significantly less than new condos and therefore have a much higher demand and tighter inventory."

    As is the story with the Dallas real estate market in general, affordability is a growing concern for condos. Higher prices "could be impacting some Texas homebuyers' ability to afford condos, especially in our state's metro areas," said Scott Kesner of the Texas Association of Realtors.

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    HAUTE PROPERTIES

    Mrs. Baird’s Bakery family ranch lists for $11M in Texas Hill Country

    Brandon Watson
    Apr 14, 2026 | 4:37 pm
    Baird Ranch
    Photo courtesy of West and Swope Ranches
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    A famous Hill Country ranch is back on the market, but it’s going to cost its future owner a lot of bread. Baird Ranch, the former home of Mrs. Baird’s Bakery family, has been relisted for $10.955 million, down from its more than $12 million price in 2024.

    The 760-acre ranch is located near Johnson City, about 69 miles away from San Antonio. Listing agent West and Swope Ranches says the property is well-suited for both residential and operational use.

    Longtime Texans are no doubt familiar with the family brand. Fort Worth founder Ninia "Ninnie" Baird started cooking breads and sweets in 1908 to make income when her husband, William Baird, suffered ill health. Since then, it has become a literal household name in the state and the base of countless peanut butter sandwiches.

    The dough dynasty bought the ranch in 1951 and used the land for recreation and raising cattle. The property, located along Miller Creek, hosts deer, turkeys, doves, and quail, making it ideal for hunting. Fishing, swimming, hiking, gardening, and trail riding are available for those who don’t like to shoot.

    Baird Ranch Longhorns roam the grounds. Photo courtesy of West and Swope Ranches

    Baird Ranch includes a foreman’s cabin, guest quarters, barns, storage buildings, and various outbuildings that support day-to-day ranching, but the centerpiece is a ‘50s-era ranch house with Saltillo tile floors. Assumably, there’s at least one oven tucked away in a kitchen.

    “Baird Ranch is one of those rare properties that still feels untouched by time,” says West and Swopes owner Louie Swope, in a release. “The live water, incredible elevation, and a location this close to Austin is almost impossible to find at this price point. It’s a true legacy ranch in every sense of the word.”

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