San Antonio, Texas 78230
Real Estate Market Report
Date: 11-15-11
Whispering Oaks Subdivision is located in Greater San Antonio, Texas within the Northwest part of San Antonio, Texas. Visit my Whispering Oaks Subdivision community blog to learn more about this area.
The total current number of available homes in Northwest San Antonio, Texas 78230 are 197. The highest list price is $2,795,000,the lowest list price is $709,200, and the average list price is $359,137. (Keep in mind that the $2.8M home and the $79,000 home are outliers and throws off all the other numbers a bit).
Over the past 60 days, 17 are pending, 54 have sold, and 53 have expired, cancelled, or withdrawn resulting in an absorption rate of 2.8.
List price to sold price ratio is: 97.8%
Culmulative Average Days on Market: 101 days
(Again, the $2.8M house and $79,000 house are skewing the report.)
List price to sold price ratio is: 95.57%
Compare San Antonio, Texas 78230 Real Estate Market Report to Whispering Oaks Subdivision Real Estate Market Report:
The total current number of available homes in Whispering Oaks Subdivision are 18. The highest list price is $314,900, the lowest list price is $145,000 and the average list price is $228,659.
Over the past 60 days, 2 is pending, 1 has sold, and 1 has expired, cancelled, or withdrawn resulting in an absorption rate of 9.
List price to sold price ratio is: 96.4%
Culmulative Average Days on Market: 170 days
In comparison, Whispering Oaks Subdivision is a quality community with value pricing for Northwest San Antonio, Texas 78230 when compared. The high priced homes and low priced homes is indicative of an older section of San Antonio that features several rural, ranch homes with acreage lots, infill with older smaller homes, and a large number of custom homes built from the 1970's-1980's. Additionally, although there is an abundance of homes on the market (absorption rate says 9 month supply), sellers are holding tight to their list price with 96.4% sale to asking price. Having sold homes here Cathy Bureau says this is occurring because it has a great location in a well established area offering parks, mature trees, shopping, and flexible travel options between the 2 major loops, as well as Texas Recognized and Excellent schools.
Visit my San Antonio, Texas Real Estate website to preview a complete list of Homes for Sale in San Antonio or call me at (210) 378-2489 so we can discuss your San Antonio real estate needs.
Absorption Rate Defined: A rate to determine how fast a home will sell given the number of homes sold & listed within a particular period of time. San Antonio homes sell within 6 months with full market exposure & priced right. To sell faster than 6 months you will need to be within the 50th percentile of pricing & in best condition. A rate above 6 = buyer's market, below 6 = seller's market, = 6 is a perfectly balanced market.
Comments(5)