Fair Oaks Ranch home sales report for November 2015
99 single family homes currently on market at the end of November, with asking prices ranging from $299,500 to $2,499,000.
The average price of all 99 homes currently listed in Fair Oaks Ranch is $529,767.
The median listed price is $469,000. (The median value is where ½ the homes are priced higher and ½ are priced lower.)
Of homes currently listed, the average price per square foot is $153.86, and the median price per square foot is $146.53.
Looking at the 99 homes currently listed in Fair Oaks Ranch, the average days on market is 199, with the median at 133 days. To put this in comparison to the San Antonio metro as a whole, in October the average time on market was 57 days. San Antonio statistics for November are being compiled and will be released soon.
Fair Oaks Ranch’s higher prices may lead to this longer time on market, though the shortest time on the market in Fair Oaks Ranch was 13 days from listing to a contract that resulted in a closing.
While these statistics above are good tools to establishing values, and trends, I feel the actual numbers that count are the homes that have closed in November. They are the numbers where the home buyer and the home seller have found the happy medium. The numbers above are what sellers think. The numbers below are what buyers think!
6 homes closed in November, ranging in prices from $280,250 to $693,000. Average sold price per square foot was 147.10 which is very close to the median asking price of 146.53. The average time on market for homes sold was 79 days.
What do these values mean for the current value of YOUR home?
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