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Market Trends
Commentary Provided byBrayson Verzella 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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| Report Date | Fall 2009 | ||
| Nearest Metro Area | San Antonio | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | Increasing | ||
| 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. | ||
| Average Home Price | $400,000 - View Graph Trend | ||
| Best Selling Price Range | $350,000 - $399,000 | ||
| Worst Selling Price Range | $1,000,000+ | ||
| Compared to Last Year | No Change | ||
| Prices As % of Asking Price | 95-100% | ||
| 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. | ||
| Greatest Activity | Repeat 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 | ||
| Is Financing Available For Qualified Buyers in Garden Ridge? | 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. | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| 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. | ||
| 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. | ||
| Average Sold Price | $400,000 - 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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Garden Ridge Local News
News for Garden Ridge, TX - Tuesday July 7th, 2009 10:59pm
Many buyers from within the city and around the country favor Garden Ridge as one of the most exclusive and well maintained communities in the North East area. With a median home value and sales price well above $300,000 the area is home to many retired couples and empty nesters who want to have all the perks of living near the city as well as the relaxing environment and larger lots and or acreage that comes with the area. Deer are very common in most of the neighborhoods in the area and the tax rate is also lower than the city of San Antonio making this a very tempting place to purchase a home.
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