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Spring 2012 Market Update
Westover Hills is near Sea World of San Antonio as well as Northwest Vista college. There are employment opportunities as well as educational. According to the local news the areas population is expected to double within the next several years. THe Westover Hills area is also a fairly short drive from Lackland Airforce Base.
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| Average Home Price | $225,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $200,000 - $249,000 |
| Worst Selling Price Range | $350,000 - $399,000 |
| 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 buyers than sellers |
| Buyer Activity for the past 90 days in Westover Hills is | No Change |
| Seller Activity for the past 90 days in Westover Hills is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | When homes are priced correctly and conditioned well they are in some instances recieveing multiple offers especially when in conjunction with a well placed lot such as a greenbelt. |
| 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 | Financial assistance is available for qualified buyers in the Westover Hills area. If a quick recommendation is needed please feel free to call us for a quick recommendation to one of our experienced preferred lenders. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Homes in the Westover Hills area are still selling when priced right and conditioned well. Sellers who overprice pay the price themselves by acruing more days on market and chasing the price downward where the home should have likely been priced in the beginning. However, like many areas homes with unique features and good lot placement are still selling and in some cases getting multiple offers. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | New Industries |
| Nearest Metro Area | San Antonio |
| Housing Hot Spots | Sea World of San Antonio, as well as Northwest Vista community college. Rudy's Barbeque is a great spot to dine out and enjoy the evening. There are a multitude of desireable areas in which homes are available in the Westover Hills area to include The Enclave at Westover Hills which is finishing out its homes to completion. The Hyatt Regency Hill Country Golf Course is also surrounded by a number of beautiful communities in the area to include some contemporary townhomes and condos. |
| Average Sold Price | $225,000 - View Graph Trend |
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Brayson Verzella
Keller Williams Realty Heritage
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