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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Garden Ridge. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 210-204-6284. Please feel free to call us for free buyer assistance in purchasing your next home.
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| Average Home Price | $400,000 - View Graph Trend |
| Average Price Compared to Last Year | No Change |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $350,000 - $399,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Garden Ridge is | No Change |
| Seller Activity for the past 90 days in Garden Ridge is? | Increasing |
| Multiple Offers? | No |
| Multiple Offers Commentary | Due to the limited buyer pool for homes in the price range of Garden Ridge multiple offer situations are very rare. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Financing is available for qualified buyers interested in the Garden Ridge area. We would be glad to recommend one of our experienced preferred lenders to answer any questions regarding a mortgage. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Due to the high median price range of the area and current market conditions housing inventory is higher than usual. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Garden Ridge! Garden Ridge is one of the most beautiful natural areas in the North East San Antonio area. Nearly every subdivision in Garden Ridge has mature landscaping and trees. There is a lower tax rate in Garden Ridge than that of the San Antonio area and although it is a luxurious and relaxing country lifestyle the city and everything you need is not far away. |
| Nearest Metro Area | San Antonio |
| Housing Hot Spots | There are still quite a few new subdivisions in the process of being built in the Garden Ridge area. Schertz and Cibolo are only a few miles away and the 1604/3009 intersection has just about anything a person could need and it's just a few miles away. |
| Average Sold Price | $400,000 - View Graph Trend |
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Brayson Verzella
Keller Williams Realty Heritage
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