By Jennifer Perloff

San Antonio Real Estate Market April 2013 is HOT!Last month, I reported on San Antonio's hot real estate market, noting that housing inventory had fallen below 6 months in many areas.  For some San Antonio neighborhoods, housing inventory tightened even more in April. According to the Texas Association of Realtors, the housing market continues to be a seller's market in San Antonio's older and central neighborhoods. 

The following is a snapshot of the April 2013 housing market in some of San Antonio's most sought-after neighborhoods:

  • In Alamo Heights, there is only a 3 month supply of homes for sale, a 66.67% decrease from the same time last year.  Compared to April 2012, there was an increase of 91% in the number of homes sold in Alamo Heights.  
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  • In Terrell Hills, there is a 5.8 month supply of homes for sale, a 14% decrease from the same time last year. Compared to April 2012, there was an increase of 44% in the number of homes sold in Terrell Hills. 
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  • In Olmos Park, the inventory of homes remained somewhat stable at 5 months, compared to 4.7 months last year. Compared to April 2012, there was 16.67% decrease in the number of homes sold. However, homes were on the market 63% fewer days compared to last year. 
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  • In Monte Vista, there is a 5.8 month supply of homes for sale, a 65% decrease from the same time last year. Compared to April 2012, there was an increase of 150% in the number of homes sold.
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  • In Northwood, there is only a 3.3 month supply of homes for sale, a 56% decrease from the same time last year. Compared to April 2012, there was a 50% increase in the number of homes sold. Homes for sale were on the market 49% fewer days compared to last year. 
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  • In Terrell Heights, the inventory is greater - a 13-month supply of homes for sale. However, this represents a 58% decrease in the number of homes available compared to the same time last year. Year over year, there was no change in the number of homes sold. However, homes were on the market 57% fewer days compared to last year and the median price increased 23.5% from last year.

 

Check back often for more market updates. Contact me for a free market analysis of your home.