San Antonio 78255
If you were hoping to see a decent price increase, look no further than 78255. Unfortunately, that price increase also comes with a rise in inventory. With a 70 home increase since August (about 35%), homes are hitting the shelves quicker than they are flying off. Once again, the higher priced home market (just about anything above $200,000) is slow to move as buyers watch prices and are looking for deals. Since there is also a lot of new construction in the area, consider this a trend that will stay for awhile. This price increase is probably being caused by two things; new homes being built and older homes going on the market above market value - all pushing prices higher as builders and homeowners saw the late spring/early summer as a "hot market" and more wanted to take advantage of that fact. I suspect we'll see a slowdown through the winter months that will adjust prices downward as inventory increases.
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Matt Stigliano, Realtor® | RE/MAX Access | (210) 646-HOME | www.RErockstar.com
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Matt..I like this information. Mind if I borrow this for Dallas Fort Worth??
Hi Matt, Good post. Thanks for sharing.
Best - Sash
My friend, I have been told by several of my favorite bloggers here that I NEED to start posting info and stats for the neighborhoods where I specialize and now that you have jumped on board, I need to get off my tail and get busy. One small thing, the illustration in this particular post was a bit slow to load...maybe it's my computer but I wanted to let you know!
Great information, and I love the chart as I'm a visual person.
Pat - I don't know what use it will be to you in Dallas as they are localized statistics (by zip code here in San Antonio).
Sasha - No problem.
Russell - I think with your very specialized areas of concentration this could of great use to you. I also notice the higher the price of the home, the more people like to see statistics.
Donna - I love that you can adjust the view to see historical data as well.