The market statistics for Fair Oaks Ranch reflect that this is a highly sought after community in the San Antonio area. For the period from February 2018 through January 2019, there were 177 homes sold in Fair Oaks Ranch, with an average sold price of $509,750 and a median sold price of $464,500. For this time frame, the highest sold price was $2,700,000, the minimum sold price was $185,000, and the average days on the market was 124 days from listing to closing.
The price range of the homes with the shortest number of days on the market was $550,000 to $599,999, with an average of 51 total days on the market. The longest number of days on the market was 396 days for the one home that sold in the price range of $200,000 to $249,999. The price range with the largest number of sales was the $400,000 to $449,999 range with 31 total homes sold, followed very closely by the $350,000 to $399,999 and the $450,000 to $499,999 price ranges with 30 homes sold in each category. The total volume of sales for Fair Oaks Ranch for the period from February 2018 through January 2019 was $90,225,766.
With sales being so brisk and buyers flocking to Fair Oaks Ranch, inventory is low. In addition, there has been a substantial decrease in the number of homes listed in the last few months. While some of this is undoubtedly seasonal, it leaves a low inventory for those currently looking to move to the area. As of March 10, 2019, there are 63 active listings in the Multiple Listing Service.
For these reasons, it is imperative to have a real estate agent that works diligently to search for those perfect properties and to keep on top of any new listings that may meet your criteria. Time is of the essence when looking for a home in seller’s market. The good ones go very quickly. If you are selling your home in Fair Oaks Ranch, you are in luck because it is a seller’s market. However, having a real estate agent working for you and looking out for your best interest can ensure you get top dollar for your biggest investment. Agents are also good at helping you show your home to buyers in the best light and to enhance all the positive aspects of it. If you are looking to buy or sell in Fair Oaks Ranch or any other community in and around the San Antonio area, I can help you. Give me a call at 210-418-9439 or reach out to me at [email protected] I look forward to serving all your real estate needs.