"STATE OF THE NEIGHBORHOOD"

Regarding Inwood Subdivison

San Antonio, Texas

2008

  Texas has been very lucky compared to the rest of the country.  San Antonio has fared well in Texas, and Inwood has done well in San Antonio.  Homes continue to sell in Inwood and have actually gone up 1% in price per square foot. The days on market did increase, however. The homes that did sell were updated, staged, in great condition, and priced right.  The feedback I hear from many buyers agents after showing in Inwood is that many of the homes are not updated like other comparable neighborhoods.  Keep this in mind if you are considering selling anytime soon.  You can refer back to your Inwood newsletters, or access the blog on my website for ideas on how to update your home. 

•  Between January 1, 2008 and January 1, 2009, there were 39 homes in the neighborhood that were sold.  (In 2007, there were 25 homes sold.)
• The Sold Prices ranged from $327,000 to $1,037,000. 
• The average List Price was $537,064.  The average sales price was $517,075.
• The average sale price per square foot was $134.00.  Of course, there were variances between The Bend, The Estates, and the Custom areas. Please note:  There were ten homes that sold in the Estates during 2009, which may have skewed the price psf toward the higher end. The average in the estates was $142.00 psf.
• The Days on Market of sold homes ranged from 3 day to 399 days.  The average Days on Market for sold houses was 83.  (Up from  58 in 2007)   

.