As reported in the October Market blog, the real estate numbers in Texas, and in San Antonio in particular, are impressive. We are experiencing strong sales, higher home prices and increased demand well into the fall this year.
Comparing data from October 2012 and October 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. This blog is focusing on San Antonio's central neighborhoods. Inconsistent with state-wide data, the market appears to be slowing in some of San Antonio's older neighborhoods. Check back soon for a look at neighborhoods in the northeast and northwest of San Antonio.
- The median home price in Alamo Heights was up from $351,300 to $354,000 with 12 houses sold, eight fewer than same time last year.
- Homes for sale in Alamo Heights were on the market 64 fewer days, an approximate 44% decrease in time on the market.
- The housing inventory rose from 4.4 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 decreased from $466,325 to $402,000, a 14% decrease, with 7 houses sold.
- Homes for sale in Terrell Hills were on the market 4 fewer days, a 3.5% decrease in time spent on the market.
- The housing inventory shrank from 11.2 months to 6 months, a 46% 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 $194,00 to $175,000, an approximate 10% decrease, with only 1 house sold.
- Homes for sale in Terrell Heights were on the market 11 fewer days, a 10% decrease in time on the market.
- The housing inventory rose dramatically from 5.7 months to 14 months, bouncing Terrell Heights back into a buyer's market.
Click here to see all the homes for sale now in Terrell Heights.
- The median home price in Northwood decreased from $293,000 to $277,000, a 5% decrease, with 2 houses sold.
- Homes for sale in Northwood were on the market 101 fewer days, a 70% decrease in time on the market.
- The housing inventory increased from 4.8 months to 13.5 months, putting Northwood in a buyer's market.
Click here to see all the homes for sale now in Northwood.
- The median home price in Monte Vista decreased from $992,500 to $327,750, an 67% decrease, with 4 houses sold.
- Homes for sale in Monte Vista were on the market 198 fewer days, a 86% decrease in time spent on the market.
- The housing inventory in shrank from 49 months to 5.8 months, an 85% change, putting Monte Vista in a seller's market.
Click here to see all the homes for sale now in Monte Vista.
- The median home price in Olmos Park decreased from $385,450 to $238,000, with 2 homes sold.
- Homes for sale in Olmos Park were on the market 100 more days, a 227% increase in time spent on the market.
- The housing inventory shrank from 10.5 months to 7.5 months, a 29% change.
Click here to see all the homes for sale now in Olmos Park.
- The median home price in King William increased from $238,500 to $440,000, a 84% increase, with 2 homes sold in October.
- Homes for sale in King William were on the market 86 fewer days, a 68% decrease in time spent on the market.
- The housing inventory in King William decreased from 7.5 months to 1.5 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 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.
