The Vineyard in San Antonio Real Estate Profile 2010
The Vineyard's real estate profile in 2010 is a subject I will be examining this week. Since there are five communities in the 
Vineyard, I will address each separately. Today the focus is on Napa Forest and Sienna Woods.
Napa Forest and Sienna Woods is the section of the Vineyard 
that has Huebner is its western boundary, This section of the gated community can be entered via Huebner Road or Blanco Road. These communities have the largest number of homes in the Vineyard. The community pool and clubhouse are in this section of the community. 
Fewer homes were sold in 2010 as compared to 2009 in Napa Forest and Sienna Woods. See The Vineyard, A North Central San Antonio, TX Community, Sales Data 2009. In 2009, there were 26 homes sold compared to 17 in 2010. This 35% decrease in sales volume is significant considering these are the lowest priced homes in the Vineyard.
Sales prices are down too. In 2009, average sales price was about $281,000, but in 2010 the average in these sections is about $272,000 with a median sales price of $275,000. When we are used to homes appreciating in value, even a small decrease in sales prices is magnified in the minds of sellers. The good news is that in most markets, the price of the next home is likely to be lower too.
There are twelve (12) homes currently available in this section of the Vineyard. Considering current absorption rates, this is about a six month supply. Key for sellers is not to price yourself out of the market. There are buyers available, however, not as many as in past years, and those needing financing are finding lenders providing new challenges to qualify for mortgages.
I look forward to helping you buy or sell your San Antonio property. The Vineyard is a great area in whcih to live, work, and play. Call me if I can help you.
Looking for a good Realtor® in San Antonio? Let me Google that for you.
Wayne Johnson
18756 Stone Oak Parkway
Suite 101
San Antonio, Texas 78258
e-mail:wjohnson@cbharper.com
Tel: 210.483.6329
Website:www.Wayne-Johnson.com
Texas Real Estate License #0566780
Texas Law requires all real estate licensees to provide the following information about brokerage services:
http://www.trec.state.ts.us/pdf/contracts/OP-K.pdf
The information, opinions, suggestions, and ideas contained in this blog are mine, and are not necessarily those of Coldwell Banker, Coldwell Banker D'Ann Harper Realtors. Information contained herein is deemed reliable but should be verified before acting upon.
©January 2011 By Wayne Johnson All Rights Reserved *The Vineyard in San Antonio Real Estate Profile 2010*
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