Westover Hills Real Estate Market Conditions & Reports, Westover Hills Market Trends, Texas

Market Commentary Provided by Brayson Verzella
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.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Brayson Verzella
Keller Williams Realty Heritage
San Antonio, Texas
210-204-6284
BraysonV@kw.com
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Nearest Metro Area

San Antonio

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

60-90 days

Market Trend

Increasing

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.

Average Home Price

$225,000 - View Graph Trend

Best Selling Price Range

$200,000 - $249,000

Worst Selling Price Range

$350,000 - $399,000

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

95-100%

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.

Greatest Activity

Repeat Buyers

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

Is Financing Available For Qualified Buyers in Westover Hills?

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.

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

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.

Reason to Buy/Sell

New Industries

Average Sold Price

$225,000 - 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.

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