Cibolo TX Real Estate Market Report March 2016

Cibolo TX Real Estate Market Report March 2016

Time for your Monthly Real Estate Market Conditions in Cibolo TX.  I am postive you want to know what happened for the month of March for the Cibolo TX Real Estate Market.

So as always, I'd like to update you on what's the market is currently offering.  Cibolo TX has 225 available Homes for Sale as of April 6th, 2016. You can purchase a home in this area for as high as $525,000 and for as low as $141,000. Homes are listed at an average price right now of $267,921.00 with 87 days on the market. 

Cibolo TX Real Estate Market Report March 2016

By the way, Homes are selling rapidly in Cibolo TX...if you are thinking selling and want to know the value of your home check it out here FREE and FAST!!

There are currently 109 homes pending sale in the Cibolo TX area.  The average list price that brought an offer and contract to these homes is $251,219 and had an average 68 days on the market.  These pending Cibolo TX homes for sale should add to the Sold numbers at the end of April if everything goes right.   Cibolo TX Homes that Sold from March 1st to March 31st, 2016 totaled 54.  The homes that successfully sold were listed at an average price of $218,782 and sold for an average price $215,209 giving us a list price to sold price ratio of over 98%.  The average of the list price to sold price tellls you how close to the listing price in a percentage that the home sold for.  Anything over 95% is really that means 98% or higher, the list prices for these homes got the job done.  The average days on market for these homes was less than 90 days at 84.    How did the current Cibolo TX Real Estate Market compare from this time last year? Homes for sale in Cibolo TX from March 1st to March 31st, 2015 totaled 50 and sold for an average price $212,315.  The average days on market for these homes was 91.  From last year to this year, the numbers haven't varied that significantly; however, you the price is up a bit and the days on market are down a bit. We are heading towards "the busy" time of home sellling and home buying season and as you will see in the next paragraph, heading towards a seller's market.  Cibolo TX Real Estate Market Trend March 2015/2016The inventory of homes for sale in Cibolo TX and the number of months they will take to sell is known as the absorption rate for Cibolo TX.  This number is showing we are now at under 6 months of inventory at a whopping 4.9 months for this area!  Anything under 6 months shows that inventory is getting low and the ole supply vs. demand kicks in telling us it's a seller's market in Cibolo TX.  This is very  good news for those home owners in Cibolo looking to sell.  Look to see what your Cibolo TX Home Value is and see if it's time to get on the market and get it SOLD.    That's what happened to the Cibolo TX Real Estate Market for March 2016! Check out these available Cibolo TX Homes for Sale!  And as always, if you are looking to buy or sell a home in the Cibolo TX area, call me, Brenda Mullen, 210-807-0819 your local Cibolo TX Realtor® and let me show you how I can help you!

Brenda Mullen Headshot
Phone: 210-807-0819
Dated: April 8th 2016
Views: 1,770
About Brenda: Hi! I'm the Team Leader of The Mullen Group for all things Real Estate in the Greater San Antonio T...

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19115 FM 2252 STE 15
Garden Ridge, TX