Market Report for Northwest San Antonio 78249
The Median sold price was $139,000 in January 2012, and has climbed to over $170,000 by April 2012., while the Median Listing price has remained around $163,000 for all homes in the Northwest San Antonio zip code 78249. This zip code includes subdivisions like Parkwood, Hunters Chase, Rivermist, and Oak Bluff, just to name a few.
Understanding the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay) is very important to many sellers and buyers in today’s market.
By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Review the inventory and health of the market by looking at the number of sold and listed properties.
To understand if the market inventory is growing or shrinking, compare the number of sold properties to new listings. If inventory is growing, the market could be trending toward a buyer's market. If inventory is shrinking, then it could be a seller's market.
Gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer's market.
Sold: Properties sold that month
New: Listings that are new on the market
Distressed: Listings that are short sales, bank owned, or up for auction.
Standard: Non-distressed listings
This chart shows home occupancy within an area.
A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.
High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.
Additional statistics for single family homes and condos in zip code 78249
*The Median List Price was $168,370
*The Median Days on Market was 58
*Number of Active Listings was 206
*Number of Distressed Listings(foreclosures and short sales) was 5.8%
That’s a great sign that zip code 78249 area is a healthy market, and sellers should began to see 96 to 100% from listing to sold price. Another great reason why Now is a Great Time to Buy before the market changes to a sellers market.
See Distressed Properties in San Antonio if you are looking for a bargain.
For a list of all the Active Homes in this area, See Homes For Sale in Northwest San Antonio zip code 78249.
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