Stone Oak and Encino Park home sales remain robust, with most selling within an average of two months on the market, according to the latest available figures.

November deals totaled 213 in the four ZIP codes comprising the region, an increase from 179 October closings, according to a report.

Across the San Antonio area, 2,324 houses sold in November, up 7 percent from November 2016, according to the Multiple Listing Service Report from the San Antonio Board of Realtors.

The average November sales price in San Antonio was $256,253, a 7 percent rise; the median was 9 percent higher to $216,900, SABOR reports.

Year to date, more than 28,000 homes sold in the greater San Antonio area, marking a 4 percent increase over 2016’s first 11 months. Median and average prices also climbed.

Northside Real Estate
“All signs point to this being our biggest year yet in real estate,” said Yvette Allen, SABOR’s 2017 chairwoman.

Stone Oak-area sales also kept up their fast pace for the month.

“Our market has been extremely strong and hasn’t let up all year,” said Viki Melton of Stone Oak Realty Services. “People really want to live in this part of Texas and San Antonio.”

In the 78258 ZIP code, 80 sales closed in November with an average price of $390,525, up from $345,910 in October. The median price was $357,500. On average, houses sold in about 65 days.

Home sales in the the 78259 ZIP code sold at an average price of $311,245 and the median was $265,000, according to SABOR data. The 27 November sales were all completed in an average of 60 days on the market.

The average sales price in the 78260 ZIP code was $365,270 in November and the median was $362,600. The 54 closed transactions for the month spent an average of 81 days on the market.

Fifty-two November sales in the 78261 ZIP code saw an average price of $376,266 and a median of $347,000. Pricier homes sold tend to raise the average, but spend more days on the market. Houses sold in that area in November moved on an average of 85 days.

Melton said the people are so eager to buy in the Stone Oak area that she closed a deal on Christmas Day for the first time.

According to Melton, a 2017 driving force has been older, out-of-town couples relocating to be closer to adult children and grandchildren, which creates a large demand for single-story houses.

“I get multiple offers within a week if the house is a single story in good shape,” Melton said.

She noted among the many things attracting buyers north of Loop 1604 are schools, proximity to work for managers at companies such as energy firm Andeavor (formerly Tesoro), the North East Independent School District, and expanding amenities such as the VIA Metropolitan Transit transportation center. Parks and access to health care services also are instrumental, Melton added.

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