San Antonio's real estate market continues to be strong the second quarter of 2014.
Comparing housing data from June 2013 and June 2014 in all San Antonio neighborhoods, the median home price rose 5% to $188,200 and the average home price rose 6% to $232,839, according to the San Antonio Board of Realtors. Homes were on the market in San Antonio 12 fewer days compared with last year. Homes between $200,000 and $500,000 made up 41% of sales. Homes under $200,000 made up 54% of sales. Homes over $500,000 accounted for 5% of total sales in June.
Now let's break it down, starting with the central neighborhoods: Comparing data year-to-date between June 2013 and June 2014 from the Texas Association of Realtors, here is a snapshot of what is happening in some of San Antonio's most sought after central neighborhoods. Check back soon for a look at neighborhoods in the northwest and northeast of San Antonio.
- The median home price in Alamo Heights increased from $429,000 to $463,000 with 71 homes sold year-to-date.
- Homes for sale in Alamo Heights were on the market 49 fewer days compared to last year.
- The housing inventory shrank from 7.6 to 3.5 months.
Click here to see all the homes for sale now in Alamo Heights.
- The median home price in Terrell Hills rose from 447,500 to $476,000 with 28 homes year-to-date.
- Homes for sale in Terrell Hills were on the market 59 more days compared to last year.
- The housing inventory grew from 4.1 months to 7.8 months.
Click here to see all the homes for sale now in Terrell Hills.
- The median home price in Terrell Heights decreased from $247,000 to $215,875 with 24 homes sold year-to-date.
- Homes for sale in Terrell Heights were on the market 12 fewer days compared to last year.
- The housing inventory shrank from 6 months to 1.6 months.
Click here to see all the homes for sale now in Terrell Heights.
- The median home price in Northwood decreased from $285,950 to $263,500 with 44 homes sold year-to-date.
- Homes for sale in Northwood were on the market 28 fewer days compared to last year.
- The housing inventory decreased from 2.6 months to 2.4 months.
Click here to see all the homes for sale now in Northwood.
- The median home price in Monte Vista rose from $377,750 to $387,500 with 24 homes sold year-to-date.
- Homes for sale in Monte Vista were on the market 8 more days compared to last year.
- The housing inventory rose from 2.3 months to 6.5 months.
Click here to see all the homes for sale now in Monte Vista.
- The median home price in Olmos Park rose from $488,000 to $540,000 with 13 homes sold year-to-date.
- Homes for sale in Olmos Park were on the market 52 fewer days compared to last year.
- The housing inventory in Olmos Park increased from 5.4 months to 8.7 months.
Click here to see all the homes for sale now in Olmos Park.
Click here to see all the homes for sale now in King William.
Check back in a few days for more market analysis of other San Antonio neighborhoods. If you would rather not wait and you do not see your desired neighborhood listed in this post, please contact Jennifer Perloff for a detailed market analysis of any San Antonio or surrounding neighborhood. To get a complimentary analysis of your own home's market value, please contact Jennifer.
