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The Terrell Hills Lifestyle

Posted by VIP Realty on Thursday, November 12th, 2009 at 2:40pm.

Like many of the other, upscale suburbs of San Antonio, Terrell Hills has experienced an influx of buyers over the last, few years, many of which are looking to tear down older homes in lieu of stately homes on prime lots. From the spacious lots to the high-end properties, Terrell Hills has become quite an exclusive neighborhood in San Antonio. In fact, Terrell Hills is actually considered a city, as it has its own mayor and emergency response services.

 

Although there has been a lot of action as of late regarding new construction in Terrell Hills, this eclectic community still has quite a few, mid-20th century ranch homes and small bungalows. It is therefore not uncommon to see interesting, varied architecture in this community. With just a short, 20-minute commute in and out of downtown San Antonio, Terrell Hills has become a popular choice for San Antonio professionals.

Current Real Estate Conditions

Currently, the average home in Terrell Hills sells for about $200 per square foot. Lots in this community are also quite large, averaging more than 1/3 of an acre. It is also not uncommon to see newer homes exceeding 6,000 square feet. There are currently about 1,900 homes in Terrell Hills, many of which are 30 to 40-year-old mansions that have seen extensive remodeling efforts. The city has managed to set some fairly strict building restrictions as to keep the new construction to a minimum in terms of size. In other words, effort has been given to keep the historic feel of the neighborhood present and the new construction in check.

Prices in Terrell Hills

The inventory of homes for sale in Terrell Hills on any given month is about 50, or about an eight-month inventory. And, surprisingly, home sales in this neighborhood continue to see an increase in their median price. The median price for the first half of 2009 was $465,000; compared to $361,525 for the same time last year. The home prices in Terrell Hills have been able to remain fairly consistent because of the outstanding real estate, the excellent location and the highly regarded Alamo Heights Independent School District. Most of the home buyers in Terrell Hills are more “seasoned” buyers because of the higher home prices.

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