Home Buying in Cibolo>Question Details

Thomas Johns…, Home Buyer in Castle Hills Forest,...

Why is there such a sharp decline in median home price in Cibolo?

Asked by Thomas Johnson, Castle Hills Forest, San Antonio, TX Sat Nov 26, 2011

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If you are following particular neighborhoods you may have seen an upward trend that 'corresponded' to the national "bubble", then some correction just in the last 2 years. Cibolo and Schertz enjoyed a 'run-up' due to increasing popularity partially due to good schools and partially due to convenience to military bases in the general direction.
Expanding military bases close by were more convenient until new home build-up in the area reacting to demand increased population, and the resulting traffic on the I-35 corridor. That traffic situation has impacted the desirability of the area, and we've seen some cooling of enthusiasm.
0 votes Thank Flag Link Wed Jul 25, 2012
I have not seen this, price are seasonally adjusting themselves but the Cibolo market has maintained its property values along with every place else in the north east corridor.
0 votes Thank Flag Link Mon Nov 28, 2011
Where are you receiving your facts from ? Medai is not always right

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Sun Nov 27, 2011
When Statisticians see a result that is "Significant",
The first question they have to ask is; "was the sample large enough?"

In the case of HOMES, not only was the sample probably small, but the number is not "repeatable", meaning that a house can only be sold once: Each group of houses is unique, each house is unique.

By definition, each group is going to be different, even with the same number of houses in the group.

When we look at the MEDIAN, AVERAGE, $$/SQFT we are looking at the movement over a period of time, a quarter or a year; and it is only an indicator, the results are not "Significant".

This is the main reason why we may not be able to see the "bottom" until a year later: You will not be able to see it when you are standing in it!

Good luck and may God bless
0 votes Thank Flag Link Sun Nov 27, 2011
Hi Thomas,

Why do you think there is such a sharp decline in the median home prices in Cibolo? In some areas there has possibly been a slight drop but nothing that would scream sharp decline to me. Home prices have been pretty steady for the most part in Cibolo and surrounding areas for the past few months with some neighborhoods doing better than others which is the norm.

Anyway, since it looks as though you are a home buyer, whenever you decide on the home you want to buy, have your Realtor® do a comparative market analysis of the area so that you will have a general idea of how to place your offer.

Good luck and if I can help you at all, please feel free to give me a call or send an e-mail.

Brenda Mullen
Realtor®, ABR
Keller Williams Realty
0 votes Thank Flag Link Sun Nov 27, 2011
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