San Antonio's real estate market continues strength into the first quarter of 2014.
Comparing housing data from January through March in all San Antonio neighborhoods, the median home price rose from $148,500 in 2013 to $159,000 in 2014, according to the Texas Association of Realtors. Homes were on the market in San Antonio 19 fewer days in the first quarter of this year compared with last year. Housing inventory in the greater San Antonio area remains very tight at 4.10 months.
Now let's break it down, starting with the central neighborhoods: Comparing data from January-March 2013 with January-March 2014 from the Texas Association of Realtors, here is a snapshot of what is happening in some of San Antonio's most sought after central 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 $429,000 to $449,000 with 41 homes sold in the first quarter, nearly double what sold in the first quarter of 2013.
- Homes for sale in Alamo Heights were on the market 35 fewer days compared to last year.
- The housing inventory rose from 4.8 to 7.7 months.
Click here to see all the homes for sale now in Alamo Heights.
- The median home price in Terrell Hills decreased from $558,500 to $486,500, with 10 homes sold in the first quarter.
- Homes for sale in Terrell Hills were on the market 14 fewer days compared to last year.
- The housing inventory grew from 5.6 months to 9 months.
Click here to see all the homes for sale now in Terrell Hills.
- The median home price in Terrell Heights decreased from $248,750 to $205,000, with 7 homes sold in the first quarter.
- Homes for sale in Terrell Heights were on the market 10 fewer days than first quarter last year.
- The housing inventory grew from 1.3 months to 5.7 months.
Click here to see all the homes for sale now in Terrell Heights.
- The median home price in Northwood decreased from $284,950 to $242,000, with 19 homes sold in the first quarter.
- Homes for sale in Northwood were on the market one more days compared to last year.
- The housing inventory decreased from 2.4 months to 4.3 months.
Click here to see all the homes for sale now in Northwood.
- The median home price in Monte Vista rose from $408,000 to $511,250, with 10 homes sold in the first quarter.
- Homes for sale in Monte Vista were on the market two days longer compared to last year.
- The housing inventory rose slightly from 5.1 months to 5.7 months.
Click here to see all the homes for sale now in Monte Vista.
- The median home price in Olmos Park increased from $285,000 to $1,070,00 with 5 homes sold in the first quarter.
- Homes for sale in Olmos Park were on the market 94 fewer days compared to last year.
- The housing inventory in Olmos Park increased from 6 months to 21 months.
Click here to see all the homes for sale now in Olmos Park.
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.
