Home sales are down in the Stone Oak area for 2014. But, could this be due to a shortage of homes available in the area?
Right now, the absorption rate is just over 4 months of inventory available.
This area of San Antonio has seen a decrease of 24 percent in the number of homes sold during the first part of 2014 as were sold during the first couple of months of 2013.
During the same time frame, the average sales price saw a 3 percent decrease and median sales price saw a 7 percent decrease.
The average size of homes sold in the Stone Oak area in 2014 have been smaller when compared to those that sold last year and this accounts for the lower prices. 4 bedroom homes that have sold this year are averaging 500 sqft smaller than 2013.
Currently there are 47 homes for sale in Stone Oak.
The prices range from $156,500 for a 3 bedroom, 2000 sqft home all the way to $1,399,000 for a 4 bedroom, 5200 sqft home.
Stone Oak February Home Sales
Stone Oak seen 11 homes that sold during the month of February.
The homes that sold ranged from 3 bedroom, 1700 sqft homes all the way to 5 bedroom homes of over 3600 sqft.
Stone Oak February Home Sale Prices
Home sale prices during the month of February in Stone Oak, ranged from a low of $168,000 to a top price of over $575,000.
For the month, the average sale price was $265,909 and the median sales price of $219,000.
For the year, the average sale price is $256,659, a decrease of 3 percent from 2013, and the median sales price of $223,500, down 7 percent from 2013.
Stone Oak February Days on Market and Absorption Rate
Home sold days on market during the month of February in Stone Oak, ranged from a low of 17 days on market to a high of over 321 days on market.
For the month, the average days on market was 129 and the median days on market of 140.
For the year, the average days on market is 107, up 7 percent from last year, and the median days on market of 78, an increase of 42 percent from 2013.
Stone Oak Home Sales by Number of Bedrooms
3 Bedroom Size: 2117 Sqft 10 sold in 2014
Average Sales Price: $217,250 Median Sales Price: $212,750
4 Bedroom Size: 2778 Sqft 9 sold in 2014
Average Sales Price: $268,944 Median Sales Price: $229,500
5 Bedroom Size: 3495 Sqft 3 sold in 2014
Average Sales Price: $351,167 Median Sales Price: $377,000
Stone Oak Current Listings
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of the San Antonio Board of REALTORS®. IDX information is provided exclusively for consumers' personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
What do you think?
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