Market Report October 2012 for Silver Oaks, San Antonio, TX 78254
Silver Oaks Subdivision has a mixture of pre-owned and new construction homes for sale in this wonderful community located off FM 1560 between Galm Road, and Culebra Road(Hwy 471). The two principal new home construction builders are Centex Homes, and Ryland Homes. There are presently 30 Active Homes For Sale in Silver Oaks Subdivision, ranging in price from $119,000 to $235,000. The square footage for these homes is from 1200 SF to 3030 SF. Since the original Silver Oaks Subdivision, the Enclave of Silver Oaks, and the Meadows of Silver Oaks have been added to increase the number of homes in this community.
There were 10 homes that sold last month for an average price of $145,682. The days on market was only 44 days. The list price to sold price ratio was 97.19 percent. A good strong indication that we are headed back to a balanced market in this community. There are presently only 4 homes pending in Silver Oaks Subdivision with prices ranging from $128,900 to $195,000.
Most of these new construction homes available in Silver Oaks Subdivision are year end inventory homes that offer buyer incentives. Due to the location of this community, USDA Loans may be available. A USDA loan (also called a Rural Development Loan) is a government insured home loan that allows you purchase a home with NO Money Down. USDA Loans offer 100% financing to qualified buyers, and allow for all closing costs to be either paid for by the seller or financed into the loan. USDA offers some the lowest rates of any loan, and you will always have a fixed interest rate.
To find out more information on any Pre-Owned Homes or New Construction Homes For Sale in Silver Oaks, contact your Local San Antonio Real Estate Agent Today at 210-789-4216.
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Jerry Newman, REALTOR®
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Brown Realty
1802 NE Loop 410 Ste 520
San Antonio, TX 78217
Direct 210-789-4216
Helping and Serving the real estate needs of buyers and sellers in the Greater San Antonio, Bexar County, and all the surrounding areas.
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