As I wrote in my last post to the RealLuxury Blog, the San Antonio real estate market has more than rebounded from the Great Recession. The most recent data from the Texas Association of Realtors shows that the housing market in San Antonio continues to make considerable improvements.
Comparing housing data from June 2012 with June 2013, here is what's happening in real estate in some of San Antonio's most sought after neighborhoods:
- The median sold price of a home was $464,000, compared with $375,000 last year -- a nearly 24% increase in median sales price.
- The average days a house spent on the market dropped from 136 days to 37 days -- a $73% decrease in average time spent on the market.
- While the median sold price of a home was down slightly to $400,000 from $429,000, the average number of days on the market dropped 33%.
- The housing inventory in Terrell Hills dropped from 6 months to 4 months -- a 33% decrease in housing inventory.
- The median sold price of a home increased nearly 14% to $255,000.
- The average days a home spent on the market decreased dramatically from 80 days to 19 -- a 76% change.
- The number of new listings in Terrell Heights was up 67%.
- The median sold price increased 68% to $345,000.
- The average days on the market remained relatively the same.
- There was a 43% increase in new listings in Northwood.
- The housing inventory in Northwood shrank 36% to 3 months, indicating a strong seller's market.
- While the median sold price remained somewhat flat from last year, the average time spent on the market decreased by 33% to 107 days.
- The housing inventory in Monte Vista is in strong seller's territory -- at 2.3 months -- a 60% change from last year.
- Although the median sold price decreased quite a bit from last year (22%), the average days on the market for a house for sale dropped 56% to just 18 days.
- The housing inventory in Deerfield is extremely tight at 2.7 months, down from 10 months this time last year.
- Although the median sold price remained somewhat flat (year to date) from last year, the average days on the market dropped from 80 days to 44.
- The housing inventory remains tight at 3.5 months.
- The median sold price increased by 16.5% to $336,615 in June 2013.
- The average days on the market decreased by 34%.
- The housing inventory has dramatically dropped from 13.7 months in June last year to 2.9 months.
- The median sold price increased by 14% to $225,000.
- The average days on the market increased from last year by 27 days.
- The housing inventory in Encino Park remains extremely tight at 1.3 months.
- The median sold price increased by 4% from last June.
- The average days a house spent on the market decreased by 16 days or 18%.
- The housing inventory in Rogers Ranch shrank from an already tight 3.3 months to 2.2 months.
If 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.