Market Conditions for Oak Hollow North in San Antonio, Texas
Reported by Ken Brodeen, REALTOR, ABR (Accredited Buyer's Representative)
Updated November 2, 2009.
Current Market Rating: 3
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Current Price Trend: 3
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The area being referred to as Oak Hollow North (now known as Oak Hollow Estates) is just east of Henderson Pass, south of Thousand Oaks, west of Jones Maltsberger and bordered on the south by Fallbrook, Lovetree and Burning Trail streets. For geographical convenience, the subdivisions of Whisper Hollow and Country Oaks were also included, even though the homes in Country oaks are mostly garden homes and those homes in Whisper Hollow are somewhat newer than the rest of the area. The area is just northeast of the Turkey Creek Horse Stables and the new bridge.
As of November 2, 2009, there are 6 homes for sale in Oak Hollow North, and 4 are under contract. So far this year through October, there have been 26 sales at an average price of $178,700. Average days on the market was 67 days. A total of 37 homes were sold in this area in 2007, and 28 in 2008.
There are signs that rates are going up soon. But for now, with good credit, a good job and some savings, interest rates of between 5% and 5.25% for both government and conventional loans are availbale. Both are 30-year fixed rates. This was as of November 2, 2009. This will be a great year to start the home ownership process! The market has picked up for both buyers and sellers, and there are plenty of great homes and good loans out there!
Looks like we are on track for another great year in home sales! Have a safe day. My cell is 860-6402.
Ken
ZIP Code: 78232 Approximate Location Boundaries: On the northwest by Henderson Pass, on the southeast by Jones-Maltsbeger, on the northeast by Thousand Oaks and on the southwest by Fallbrook and Lovetree streets.
Location Characteristics: Nicely established neighborhood originally known as Oak Hollow North subdivision, now commonly called Oak Hollow Estates. Homes are mostly about 25 to 30 years old, and range in price from $130,000 to $225,000. There are some newer homes closer to Jones-Maltsberger that are valued between $200,000 and $400,000, and are about 10 to 20 years old. The entire area holds value very well, and is centrally located, about 5 miles north of the main airport out of the airport's traffic pattern.
About Ken Brodeen:
Ken Brodeen has been active in residential real estate since 1992. He has helped numerous clients purchase or sell homes in these neighborhoods as well as many others in San Antonio.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
