Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in San Antonio North Central. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 210-204-6284

Average Home Price $200,000 - View Graph Trend
Average Price Compared to Last Year Up 0-5%
Average Time on Market 60-90 days
Best Selling Price Range$150,000 - $199,000
Worst Selling Price Range$850,000 - $899,000
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?No Change
Market Trend No Change
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in San Antonio North Central isIncreasing
Seller Activity for the past 90 days in San Antonio North Central is?No Change
Multiple Offers?Yes
Multiple Offers CommentaryThere have been quite a few cases of sellers getting multiple offers in the area especially in the more affordable price ranges and as usual this often happens with homes which are priced at or significantly under value and which have unique characteristics. Homes which are not conditioned well and which are overpriced are still sitting on the market for longer than average amounts of time.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?10-15%
Is Financing Available For Qualified Buyers?Yes
Comments on Financing For Qualified BuyersFinancing is available for buyers who are qualified and we also have preferred lenders whom we introduce buyers to for assistance in prequalification for the purposes of obtaining a mortgage.
Housing Inventory Good supply - Some Prices
Inventory CommentsHomes in the San Antonio North Central area are plentiful, but on the same token homes which are conditioned well and priced well are still selling within 60 to 90 days. Location and proximity to jobs and education is a major factor of home sales prices and days on market in the San Antonio North Central area. As in most of the San Antonio area inventory is still high, but at the same time prices are in many cases compensating for the high supply making it an excellent opportunity to invest and or purchase a home.
Greatest Activity First Time Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in San Antonio North Central! San Antonio North Central is an excellent location for job seekers and for individuals looking to continue their education. The area is conveniently located to many of the restaraunts and shopping centers which locals enjoy. Most of the major institutions of higher learning are also a short commute away from the area.
Nearest Metro AreaSan Antonio
Housing Hot SpotsShavano Park is a very desired area which has homes from $300,000 to over $3,000,000. Castle Hills, Hollywood Park and the Hill Country Village area are also very popular areas of the North Central part of town where people decide to live and work. There are many different retail and commercial businesses as well as great places to eat.
Average Sold Price $200,000 - View Graph Trend

San Antonio North Central Local News


Hidden Gem communities in San Antonio Texas North Central - Tuesday September 16th, 2009
San Antonio North central definitely encompasses a wide range of areas. I would like to mention some of the most popular communities every so often to give people an idea of what areas they might want to consider. I'll start off with some of my personal favorite communities and mention some of the notable characteristics which may help. Rogers Ranch is not too far from where I office out of and Rogers Ranch has a wide variety of homes in a fairly vast price range. Homes can be found in Rogers Ranch in the $200's and can go up from there. The average home price definitely depends on which part of Rogers Ranch you might consider buying. The last buyer I worked with found a great Monticello home in the Point Bluff area of the community. That area is really beautiful. Many of the homes come on greenbelt lots and some of them have great views. These lots and homes are limited, but well worth searching for. There are a few custom home builders in this area among them are Monticello,... [ + Read Full Article ]
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September 2009 (1)

Mortgage Rates
– May 28th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.82%
 15 yr. fixed rate:     3.11%
  30 yr. jumbo rate:  4.38%
  15 yr. jumbo rate:  3.61%

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Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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Brayson Verzella
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Brayson Verzella
Keller Williams Realty Heritage
Keller Williams Realty Heritage

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