Community Links & Real Estate News For Alamo Heights Real Estate
Alamo Heights, Northwest were hot neighborhoods in 2006
Web Posted: 01/10/2007 10:16 AM CST (From www.mysanantonio.com)
Jennifer Hiller
Express-News Business Writer
If you bought a house in Alamo Heights early in 2006, congratulations.
You made 22 percent on your investment last year.
While home prices surged across San Antonio in 2006, home buyers flocked to certain neighborhoods like teenagers to the mall.
The city's hottest neighborhoods were clustered in the North or Northwest suburbs and within Loop 410, according to numbers released this morning by the San Antonio Board of Realtors.
Here are some of the neighborhoods that rated highest on the real estate agent's “hotness” ratio:
The Great Northwest: The average sales price increased 9 percent, to $106,216 and the number of sales increased 10 percent.
Braun Heights: Sales increased 32 percent and the average sales price reached $259,366, up 18 percent.
Rivermist: Sales volume rose 52 percent, with an average sales price of $159,644, up 3 percent.
Oxbow: The number of sales rose 52 percent and the average sale price rose 7 percent, to $89,065.
Babcock North: The average price increased 13 percent.
Carriage Hills: Prices increased 12 percent and homes stayed on the market just 32 days.
Shavano Creek: The number of sales rose 37 percent and prices jumped 11 percent, to $830,306 on average.
The Woods of Shavano: There were 14 percent more sales and prices averaged $181,558, up 8 percent.
Hunter's Creek: There were 17 percent more sales and prices rose 12 percent to $261,709.
Oakwood: The number of sales fell, but priced rose 9 percent and homes stayed on the market just 23 days.
Inwood: The number of homes sold increased to 19 percent.
Deerfield: The average sales price rose 14 percent.
Monte Vista: Sales prices rose 11 percent to average $385,882.
Olmos Park Terrace: The number of sales rose 25 percent and average prices reached $140,844, up 9 percent.
Sonoma Ranch: The average sales price rose 15 percent.
The Dominion: Home sales averaged $697,263, up 11 percent.
Alamo Heights: The average price reached $438,096, up 22 percent.
Olympia: The average sale price was up 7 percent and the number of sales increased 15 percent.
The Heights at Stone Oak: The average sales price was up 14 percent to $308,315.
Canyon Springs: The average price jumped 11 percent, to $388,093.
Rogers Ranch: Prices rose 7 percent, to $361,305 on average.
Boerne: The number of sales jumped 10 percent and so did the prices, to $325,000.
San Antonio real estate breaks records in 2006
Web Posted: 01/10/2007 10:56 AM CST (From www.mysanantonio.com)
Jennifer Hiller
Express-News Business Writer
San Antonio real estate reached record levels again in 2006 – an achievement that has become almost habitual in this growing market.
Builders started 15 percent more homes than they did in 2005, reaching an all-time record of 19,092 new single family homes, according to Metrostudy, a housing research firm. Home buyers closed on 16,988 new single-family homes, up 17 percent compared with 14,523 closings in 2005.
That’s thanks to a healthy job market and an in-migration of new residents, said Jack Inselmann of Metrostudy, who presented the data at the 2007 Housing Forecast today.
But despite the market highs, Inselmann said that San Antonio’s housing market has seen a significant shift already.
Housing starts peaked in the third quarter, when San Antonio builders reached 19,527 annual starts, a 30 percent increase over the same four quarters the year before. Since then, in the fourth quarter of 2006, the pace of annual housing starts dipped 2.2 percent, Inselmann said.