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Market Trends
Commentary Provided byBrayson Verzella I have been workign with my clients in using the buyers market to our advantage and if at all possible negotiting the lowest possible price on homes which in a sellers market or even a more balance market might sell for around 10% more. It is a good time to go into a home with some level of instant equity and potentially have much of the buyer closing costs paid for by the seller. If you can qualify, now is an exceptional time to buy a home in Canyon Springs. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 210-204-6284 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | San Antonio | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Inventory Comments | There is a good size inventory in Canyon Springs, however, much like many desireable areas the more attractive homes with curb appeal which are priced correctly are still selling in under 90 days. In this market sellers need to price correctly from the beginning or they will suffer with longer Days on Market. There are some falling home prices in Canyon Srpings, but much of the inventory homes which have had price adjustments downward are due to overpricing from the beginning and home condition. | ||
| Average Home Price | $350,000 - View Graph Trend | ||
| Best Selling Price Range | $250,000 - $299,000 | ||
| Worst Selling Price Range | $800,000 - $849,000 | ||
| Compared to Last Year | Up 0-5% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | No | ||
| Multiple Offers Commentary | In some cases where the home is priced correctly multiple offers though not prevalent are possible. For the most part multiple offers are not occurring in the higher price ranges due to the limited amount of buyers. | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Canyon Springs is | Increasing | ||
| Seller Activity for the past 90 days in Canyon Springs is | No Change | ||
| Is Financing Available For Qualified Buyers in Canyon Springs? | Yes | ||
| Comments on Financing For Qualified Buyers | Financing is available for qualified buyers and we also provide information for our preferred lenders to ensure a smooth purchase. | ||
| Existing Home Prices for the past 90 days are | Decreasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Other Housing hotspots in the area would be Stone Oak which has long had a reputation as a nice place to live with many different types of jobs available for people new to the area. Cibolo Canyons which is east of HWY 281, but not far, is definitely considered a housing hotspot with the completion of the TPC Golfcourse and the JW Marriott nearing it will surely be a place which many people will decide to purchase a home. See our Cibolo Canyons website for details. | ||
| Reason to Buy/Sell | Population Growth | ||
| Average Sold Price | $350,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Brayson Verzella
Keller Williams Realty Heritage San Antonio, Texas 210-204-6284 BraysonV@kw.com Agent Home Page 
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Canyon Springs Local News
News for Canyon Springs, TX - Sunday July 5th, 2009 11:11pm
Canyon Springs is one of the best kept secrets in the North Central San Antonio area. Currently residents in the area do not have to pay city taxes. The area is very well kept and is located just on the north side of the Stone Oak area. There are many different subdivisions from which to choose and homes are priced anywhere from the upper $100's to close to 1 million. For avid golfers or those families who enjoy golf course views Canyon Springs has much to offer. A quick drive through the area is enough to prove that Canyon Springs is very well maintained and a great place to live.
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