Here is Part 3 of the October Housing Update -- this time focusing on San Antonio's northeast neighborhoods and beyond. San Antonio's northeast neighborhoods are consistent with state-wide data showing increased home prices and increased demand for homes.
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 northeast neighborhoods.
- The median home price in Oakwell Farms rose from $240,000 to $305,000, with 1 house sold.
- Homes for sale in Oakwell Farms were on the market 379 fewer days, a 93% decrease in time spent on the market.
- The housing inventory shrank from 15 months to 11 months.
Click here to view all available homes for sale in Oakwell Farms.
- The median home price in Shavano Park rose from $200,000 to $435,000, with 1 house sold.
- Homes for sale in Shavano Park were on the market 78 fewer days than same time last year.
- The housing inventory rose from 21 months to 18 months, a 14% decrease in inventory.
Click here to view all available homes for sale in Shavano Park.
- The median home price in Encino Park increased from $190,750 to $203,500, with no houses sold, down from 6 last year.
- Homes for sale in Encino Park were on the market 43 days fewer, an 60% decrease in time on the market.
- The housing inventory increased from 1.8 months to 4.5 months, indicating a continued seller's market.
Click here to see all available homes for sale in Encino Park.
Garden Ridge
- The median home price in Garden Ridge increased from $356,000 to $538,000, with 4 homes sold.
- Homes for sale in Garden Ridge were on the market 77 fewer days, a 41% decrease in time spent on the market.
- The housing inventory decreased from 8.2 months to 5.8 months, putting Garden Ridge in a seller's market.
Click here to see all available homes for sale in Garden Ridge.
Bulverde (zip code 78163)
- The median home price in Bulverde increased from $289,000 to $365,000, with 9 homes sold.
- Homes for sale in Bulverde were on the market 49 fewer days, a 35% decrease in time spent on the market.
- The housing inventory remained nearly the same, dropping from 6.6 months to 6 months, moving Bulverde closer to a seller's market.
Click here to see all available homes for sale in Bulverde (zip code 78163)
November data will be out soon, so check back to see more market analysis. If you cannot wait to 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.
