We have ended the year on a high note in San Antonio. Market trends have remained strong throughout the fall months, traditionally a slower quarter.
Before I break down some of the data by neighborhood, take a look at the December 2013 data from the San Antonio Board of Realtors (SABOR) for the San Antonio market area as a whole:
In December 2013, 1,760 houses sold in greater San Antonio -- representing a 14% increase in the number of homes sold compared with December 2012.
The average home price last month in San Antonio rose to $212,151, a 10% increase in price. Homes spent an average of 70 days on the market, 18 fewer days than December 2012. With only 4.2 months of inventory, city-wide, San Antonio continues in a strong seller's market, with 97.2% of homes selling for their list price.
Now let's break it down, starting with the central neighborhoods: Comparing data from December 2012 with December 2013 from the Texas Association of Realtors, here is a snapshot of what is happening in some of San Antonio's most sought after 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 $353,500 to $675,000 with 11 houses sold.
- Homes for sale in Alamo Heights were on the market 134 fewer days, a 55% decrease in time on the market.
- The housing inventory rose from 4.7 months to 5.4 months, keeping Alamo Heights in a seller's market.
Click here to see all the homes for sale now in Alamo Heights.
- The median home price in Terrell Hills increased from $295,000 to $401,500 a 36% increase, with 8 houses sold.
- Homes for sale in Terrell Hills were on the market 92 fewer days, a 28% decrease in time spent on the market.
- The housing inventory shrank from 5.8 months to 4.1 months, a 29% change, indicating a seller's market.
Click here to see all the homes for sale now in Terrell Hills.
- The median home price in Terrell Heights decreased from $205,000 to $195,000, an approximate 5% decrease, with 5 houses sold.
- Homes for sale in Terrell Heights were on the market 72 fewer days, a 50% decrease in time on the market.
- The housing inventory shrank dramatically from 4.3 months to 1.8 months.
Click here to see all the homes for sale now in Terrell Heights.
- The median home price in Northwood increased from $240,000 to $316,000, a nearly 32% increase, with 7 houses sold.
- Homes for sale in Northwood were on the market 126 fewer days, a 60% decrease in time on the market.
- The housing inventory decreased from 3.4 months to 2.6 months.
Click here to see all the homes for sale now in Northwood.
Click here to see all the homes for sale now in Monte Vista.
- The median home price in Olmos Park decreased from $833,000 to $462,400 with only 1 home sold.
- Homes for sale in Olmos Park were on the market 331 fewer days, a 90% decrease in time spent on the market.
- The housing inventory in Olmos Park increased from 6.3 months to 14 months, a 122% change.
Click here to see all the homes for sale now in Olmos Park.
- The median home price in King William increased from $271,000 to $345,000, a 27% increase, with only 1 home sold.
- Homes for sale in King William were on the market 104 fewer days, an 84% decrease in time spent on the market.
- The housing inventory in King William decreased from 5 months to 4 months, still indicating a seller's market.
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.
