Americans have a need to get things done quickly. We like microwave cooking, short decision cycles and getting to the point in a conversation. When I was in the corporate world there was a need to be able to present an idea and solution on a single sheet of paper. Just the essence of the situation.
Average and roughly equal
Better have some white space on that page too.
As a REALTOR®, people ask for information regarding the market. When I’m out and about, I know they want short answers of a general nature. And that’s what I give them. Anyone using average numbers should understand that an average in real estate is a snapshot and a not very accurate snapshot of how things maybe in a specific community or subdivision.
As an example, the weather guy gives us the average temperature in San Antonio in the news report. The temperature is probably from a reading at the airport. That temperature is probably different in Helotes, or even Alamo Heights, which are a few miles apart. Same with the real estate situation.
San Antonio average single family home sale price last year was about $191,000. Here’s what I found as I examined the profile of the homes in this average price. I decided to review homes that sold for between $186,000 and $196,000 to keep the number manageable.
The total number of homes sold in the area covered by the San Antonio Board of REALTORS® was 19,928. Of those, 663 had a sales price of between $186,000 and $196,000, which was $5,000 on either side of the average or about 3.3% of the total homes sold.
Geographically, this is where the homes in the average price range were situated:
Locations of Homes WIthin $10,000 of San Antonio’s Average Sale Price
The northern sections of San Antonio have a higher percentage of homes within the average range. Homes in the average range can be found inside Loop 410 and the southern area of the city, but the numbers are low.
Take a look at some of the homes in the average price range.
Kallison Ranch, northwest San Antonio
This was a new two-story home was in Kallison Ranch. It is in the NW section of San Antonio and had four bedrooms, two-full and one-half bath. It was about 2,431 square feet and sold for $188,000. The Seller provided over $5,000 towards Closing Costs and pre-paid expenses. There is a neighborhood pool, clubhouse, park and playground.
Fox Grove, North Central Sal Antonio, iheart-sa.com
The example from the North Central San Antonio area is in Fox Grove. This three bedroom home was about 2,178 square feet and sold for $188,000. In this case the Seller contributed about $4,300 towards Closing Costs and pre-paid expenses. The neighborhood has a pool, park and sports court.
Inside Loop 410, Terrell Heights, iheart-sa.com
The Inside Loop 410 home was sold for $190,000 with $3,500 in Seller concessions. No neighborhood amenities in Terrell Heights for this three bedroom, two bath home that was built in 1948. Size is about 1,622 square feet. This is the oldest and smallest home in this small sample set.
New Braunfels, north of San Antonio, average priced, iheart-sa.com
Finally, this far north example is in the Mission Hills area of New Braunfels and it sold for $192,500 with $2,700 in Seller’s concessions. It has three-bedrooms, two-baths, and is about 1,898 square feet. No neighborhood amenities for this area either.
All of the examples are within a few thousand dollars of each other in terms of sale price. But in addition to geographic differences, the styles, sizes, and surrounding areas differ. They are all in the same ball park when it comes to average sales price, but they are all different in most other respects.
Don’t call me if you need an average agent. I’m not average. Do call me if you need an agent who will listen to your needs and help you buy or sell a Greater San Antonio home, condo, or lot.
18756 Stone Oak Parkway
San Antonio Texas 78258
Coldwell Banker D’Ann Harper Realtors®
©Copyright, January 2013, A Snapshot is Not The Whole Picture When It Comes to San Antonio Real Estate