The Vineyard a north central San Antonio TX community sales in 2009 report follows. The past year was an active year for sales in the Vineyard. Home prices in San Antonio have remained fairly stable when compared to many other cities in the nation. Of course, real estate is a very local commodity. As one compares asking price and actual selling price, the more local the comparison, the better.
When I make pricing recommendations for buyers or sellers, I want the homes closest to the target in the comparison pool.Doing a comparison in the Vineyard, to take a home on Brookwood Forest (Sienna Woods) and make a pricing comparison to homes on Cabernet (Tuscany Hills), or Vienna (The Renaissance) would be ridiculous.
Another pricing principal I use is time. A few years back, one could use sales of up to six (6) months ago. Now, I use sales from the past three (3) months, if available. There are other things to take into account to get a good fix on prices. If you are looking for additional help in this area, call me for an interview or consultation.
Following is some information on sales in the Vineyard for 2009. This information was taken from the San Antonio Board of Realtors MLS. I believe this information is correct, but, please verify it before relying upon this data.
Sienna Woods
Number of Sales-21 Number Sold at Initial Asking Price-2 Number Sold at More than Asking Price-1 Greatest Difference Between Asking Price and Sold Price-$36,875
Napa Forest
Number of Sales-5 Number Sold at Initial Asking Price-1 Number Sold at More Than Asking Price-0 Greatest Difference Between Asking Price and Sold Price-$12,500
Enclave
Number of Sales-11 Number Sold at Initial Asking Price-2 Number Sold at More Than Asking Price-0 Greatest Difference Between Asking Price and Sold Price-$45,000
The Province
Number of Sales-3 Number Sold at Initial Asking Price-0 Number Sold at More Than Asking Price-0 Greatest Difference Between Asking Price and Sold Price $25,000
Tuscany Hills
Number of Sales-5 Number Sold at Initial Asking Price-0 Number Sold at More Than Asking Price-0 Greatest Difference Between Asking Price and Sold Price $101,500
Renaissance
Number of Sales-10 Number Sold at Initial Asking Price-0 Number Sold at More Than Asking Price-1 Greatest Difference Between Asking Price and Sold Price $107,990
Consider the following as you evaluate asked and offered prices:
- No two houses are exactly the same, even if they have the same floor plan.
- Sales results get you in the neighborhood of market prices, or stated differently, what are buyers willing to pay for houses in this area? But each sales stands on its own.
- Motivation is the silent ingredient of any sale, for both the buyer and the seller. How motivated are the parties to coming to an agreement?
- If the buyer places a higher value on the property than the seller, the property will not be sold.
- If buyers place a higher value on the property than sellers, multiple offers will likely result and a sales price higher than the asking price will likely be the result.
- There are more homes available in San Antonio than buyers, so buyers have some leverage in price negotiations where sellers need to move on. That does not mean that every seller will be bullied into accepting an unreasonable offer.
Let me know if I can help you with your real estate needs. Call me for consultation or interview. My firm and I would love to help you achieve your real estate goals.
The Vineyard-a north central San Antonio TX community sales in 2009 were impressive.
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