The September numbers are in and San Antonio's housing market is remaining strong into the fall.
Comparing data from September 2012 and September 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. Just as I did last month, this post I am going to focus on central San Antonio neighborhoods. Look for future posts in the coming days and read about the changes in other parts of the city and beyond:
- The median home price in Alamo Heights was up from $320,000 to $511,500 with 12 houses sold.
- Homes for sale in Alamo Heights were on the market 72 more days, an approximate 38% increase in time on the market.
- The housing inventory shrank from 8.3 months to 5.8 months, a 30% change, indicating 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 $263,575 to $392,500, a 49% increase, with 8 houses sold.
- Homes for sale in Terrell Hills were on the market 193 fewer days, shrinking from 284 days to 90 days, a 68% decrease in time spent on the market.
- The housing inventory shrank from 8.8 months to 5.3 months, a nearly 40% 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 increased from $206,950 to $230,000, an 11% decrease, with 5 houses sold.
- Homes for sale in Terrell Heights were on the market 41 more days, a 136% increase in time on the market.
- The housing inventory shrank dramatically from 12 months to 3.2 months, moving Terrell Heights into a seller's market.
Click here to see all the homes for sale now in Terrell Heights.
- The median home price in Northwood increased from $235,000 to $252,000, a 7.23% increase in median price from last August, with 5 houses sold.
- Homes for sale in Northwood were on the market 71 more days, a 94% increase in time on the market.
- The housing inventory increased slightly from 3.3 months to 4 months, keeping Northwood in a seller's market.
Click here to see all the homes for sale now in Northwood.
- The median home price in Monte Vista decreased from $270,000 to $389,000, an 44% increase, with 3 houses sold.
- Homes for sale in Monte Vista were on the market 53 fewer days, a 24% decrease in time spent on the market.
- The housing inventory in shrank from 8months to 7 months, a 12.5% change.
Click here to see all the homes for sale now in Monte Vista.
- The median home price in Olmos Park decreased from $725,000 to $630,507, with 6 homes sold, five more than last year this time.
- Homes for sale in Olmos Park were on the market 137 fewer days, a 47% decrease in time spent on the market.
- The housing inventory shrank from 28 months to 2.7 months, a 90% change and putting Olmos Park in a seller's market.
Click here to see all the homes for sale now in Olmos Park.
- The median home price in King William decreased from $302,000 to $271,000, a 10% decrease, with no homes sold in September.
- Homes for sale in King William were on the market 9 more days, a 19% increase in time spent on the market.
- The housing inventory in King William increased from 9 months to 5 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 anaylsis 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.
