The San Antonio Real Estate Market continues to strengthen while other markets around the country are slowing down.
Comparing housing data from September 2013 and September 2014 in all San Antonio neighborhoods, the average home price rose 9% to $184,700 and the average home price rose 7% to $220,366, according to the San Antonio Board of Realtors.
For nearly two years now in San Antonio, inventory has remained under six months -- with current inventory at 4.3 months. Homes were on the market in San Antonio 6 fewer days in September compared with last year. Homes between $200,000 and $500,000 made up 39% of sales. Homes under $200,000 made up 56% of sales. Homes over $500,000 accounted for 4% of total sales in September.
Now let's break it down, starting with the central neighborhoods: Comparing data year-to-date between September 2013 and September 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 $433,250 to $451,000 with 116 homes sold year-to-date.
- Homes for sale in Alamo Heights were on the market 40 fewer days compared to last year.
- The housing inventory shrank from 5.8 to 4.6 months.
Click here to see all the homes for sale now in Alamo Heights.
- The median home price in Terrell Hills increased slightly from $425,500 to $428,000 with 53 homes year-to-date.
- Homes for sale in Terrell Hills were on the market 16 more days compared to last year.
- The housing inventory shrank from 5.6 months to 5.3 months.
Click here to see all the homes for sale now in Terrell Hills.
- The median home price in Terrell Heights decreased from $235,000 to $220,750 with 39 homes sold year-to-date.
- Homes for sale in Terrell Heights were on the market 12 more days compared to last year.
- The housing inventory shrank from 3.8 months to less than 1 month.
Click here to see all the homes for sale now in Terrell Heights.
- The median home price in Northwood decreased from $293,000 to $263,500 with 60 homes sold year-to-date.
- Homes for sale in Northwood were on the market 24 fewer days compared to last year.
- The housing inventory increased from 4.2 months to 10.3 months.
Click here to see all the homes for sale now in Northwood.
- The median home price in Monte Vista rose from $370,000 to $414,375 with 38 homes sold year-to-date.
- Homes for sale in Monte Vista were on the market 3 more days compared to last year.
- The housing inventory rose from 7.3 months to 11.5 months.
Click here to see all the homes for sale now in Monte Vista.
- The median home price in Olmos Park decreased from $565,000 to $500,500 with 24 homes sold year-to-date.
- Homes for sale in Olmos Park were on the market 44 fewer days compared to last year.
- The housing inventory in Olmos Park increased from 2.5 months to 3.4 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.
