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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in San Antonio - The Rim. 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 e-mail us or call us for professional Buyer Representation services before purchasing your next home.
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| Average Home Price | $300,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $150,000 - $199,000 |
| 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 San Antonio - The Rim is | Increasing |
| Seller Activity for the past 90 days in San Antonio - The Rim is? | No Change |
| Multiple Offers? | No |
| Multiple Offers Commentary | On average homes are not getting multiple offers due to the higher price range, but when well priced homes come on to the market they do occasionally appear. |
| 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 real estate near the RIM area. Feel free to contact us as we will be glad to refer you to one of our preferred loan companies. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | The RIM area is composed of homes with an above average median price range and for that reason on average Days on Market are a little higher than less expensive homes in the San Antonio area. However; the RIM is a very desireable area and homes are still selling when priced correctly and conditioned well. There are several new home builders in the area which add to the level of competition. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Job Growth |
| Nearest Metro Area | San Antonio |
| Housing Hot Spots | Many of the newer subdivisions off of Boerne Stage Road are considered housing hotspots. Anaqua Springs and Anaqua Springs Ranch are beautiful communities for those interested in homes in the $700,000+ price range. The Anaqua areas are a newer alternative to older areas such as the Dominion. The communities off Boerne Stage Rd have something for every pricerange starting around $200,000 and going up as you drive further west down the road. |
| Average Sold Price | $300,000 - View Graph Trend |
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Brayson Verzella
Keller Williams Realty Heritage
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