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.
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
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
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 RealtorÂ® 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.
Keller Williams Realty