Schertz Home Sales Info February 2010

By
Real Estate Broker/Owner with RE/MAX Corridor 511523

A quick look at our Schertz housing stats for February 2010. We are doing well overall and continue to see a stable market with few dips. We continue to battle with the USPS on our zip code problem with Cibolo (78108) servicing portions of Schertz (78154) and the mailing address shows as Cibolo, not Schertz. Some agents that list here are not local and continue to post the listing as Cibolo, so it is hard to get truly accurate data until the mailing issue is resolved.

Current listings for Schertz - 169 single family homes for sale, ranging from $53,000 - $450,000

Average list price - $185,292

Median List price - $168,450

Days on the market range from 1-766

As for sales the last 30 days, there were 16 sales ranging from $22,000 - $230,000

Of note, there are over 20 homes Pending status, with closing dates set for March/April

Average Sold price - $144,600

Median Sold price - $151,000

Days on the market - 50-200, average 102

Lender Owned active listings - 2

This data tells us we have an inventory of homes that will be absorbed in just over 5 months with similar sales numbers. A local market is considered "balanced" when there is enough inventory for about 6 months. Our local data indicate we are trending more of a seller's market again, the first time in over 18 months. Also, our average days to sell are actually coming down from well over 120 in Nov/Dec 09. Still, as you can see, our average and median prices remain under $200,000 and homes priced above that take longer to sell.

Once again, Schertz was chosen as one of the best places to live in both Texas and the US, come check us out and call us when you are ready to make that move! Besides, www.WeSellSchertz.com!

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