San Antonio Real Estate 365

According to the February 2012 Multiple Listing Service report by the San Antonio Board of REALTORS® (SABOR) , San Antonio home prices are continuing on their upward trend!  In February 2012, the average home price was up 3% from February 2011 to $183,955.  Median home prices remained stable, with a slight 1% decrease to$147,100.

“We’re glad to see that home prices are holding strong,” SABOR President and CEO Angela Shields said. “Considering the latest reports on other cities, we’re proud that San Antonio continues to prove itself time and time again as a city that’s making strides.”

Shields cites the recent residential price index by FNC Inc. which notes that U.S. home prices fell 0.7 to 1.1 percent in December in the top ten housing markets. Yet at the end of 2011, only homeowners in Houston and San Antonio had seen their property values rise above 2007 peak levels. San Antonio home prices continue to stay strong; the recently reported average price for February 2012 grew 3 percent over a year ago.

Job growth, affordability and low interest rates are all key indicators to the strength of the San Antonio housing market, Shields said. According to a report from the Bureau of Labor Statistics, San Antonio ranked in the top 10 metro cities with projected job growth through 2020. The 15-year fixed rate mortgage reached a new all-time low last week, while the 30-year mortgage edged to matching its record low, according to Freddie Mac’s weekly mortgage market survey.”

The total number of single family residential home sales in February 2012 was 1,243, which is 12% higher than 2011.

And, we finished the month with 1,456 sales pending.

San Antonio continues to have a strong housing market & economic outlook…Way to go SA!

The San Antonio Board of REALTORS® (SABOR) recently published the housing markets stats for January 2012

While we did see a slight dip in prices, sales are up!

In January 2012, there were 991 single family residential home sales…a 5% increase from January 2011′s number of 948.

The average sales price of $174,789 is down 3% from last January & the median sales price of $141,200 is down 4% from January 2011.

Liza Reyes, SABOR’s 2012 Chairman of the Board, states that this decrease is “nothing to be alarmed about…Slight fluctuations are very common to the San Antonio market.  San Antonio is known for being a healthy market and any healthy market will reflect little ups and downs, it is very natural.”

There are many reasons why people continue to buy here in San Antonio…

“According to recent Newsweek comparison of the 200 largest U.S. cities, San Antonio was ranked third for its strong scores in business development; transportation and infrastructure; sustainability; and livability. This ranking comes just on the heels of the Boeing and Eagle Ford Shale’s announcements for plans to create more jobs in San Antonio within the next three years. The economic impact from Boeing alone to San Antonio is over $500 million dollars annually.” (sabor)

As we get ready to head into the busy Spring & Summer Buying & Selling seasons, our expectations are optimistic and we just may be in store for a great 2012!

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There are currently nearly 10,000 Homes Listed in and around San Antonio. 

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The San Antonio Board of REALTORS® (SABOR) has relesed the year-to-date housing market numbers for 2011.

SABOR reports that the year-to-date average price for single-family residential homes, which came in at $185,516, showed no change from that of 2010.  The median price did rise by a slight 1% from 2010 to 152,000.

The total number of sales for 2011 was 17,914.  This number is also a 0% change from 2010.

These numbers show that our market is virtually stable. 

We continue to see jobs coming to San Antonio & our economy is strong.

We currently have 6.5 months of inventory, which is considered balanced.  This makes it a buyer’s market & a seller’s market.

Another thing that makes it a great time to buy are the all-time low interest rates.  Buyers are surfacing to take advantage of this great opportunity…which also makes it a great time to sell!

Looks like we are in store for a solid 2012!

San Antonio Housing Market Statistics – November 2011

Ok…San Antonio’s housing numbers for November 2011 have just been released by the San Antonio Board of REALTORS (SABOR)…. As the end of the year gets closer & closer…how is our real estate market holding up?

This time of the year does tend to be one of the slowest when it comes to home sales…but, when we compare sales of single-family homes year over year, we do not see much change from last year.  Single-family residential home sales totaled 1,239 in November 2011, a slight 2% decrease from November 2010′s sales of 1,269.

The majority of the decrease was seen in homes priced from $200,000 to $500,000.

The average sales price came in at $174,861 & the median price came in at $145,500 which are down 8% & 5% respectively from November last year.

Even with the prices down from last year, we have seen a 1% rise in home prices year-to-date when compared to the first eleven months of 2010.

There was approximately 7 months of inventory in November 2011.  Typically when a market has 6.5 months of inventory, it is considered to have a balance between supply & demand.

Going into December there were 1,164 pending home sales.

With just a couple of weeks of 2011 left, we are close to rounding out another solid year.  While we have not seen big gains, we have not seen big losses.  We have remained fairly steady and San Antonio’s real estate market is till one of the strongest in the nation.

We will soon see how the year wraps up & see what 2012 has in store for us!  Until then…HAPPY HOLIDAYS & HAPPY NEW YEAR!

San Antonio Housing Market Statistics – October 2011

The San Antonio Board of REALTORS® (SABOR) has just released our sales & market numbers for October and they are reporting a total number of single family home sales of 1349, which is a 5% increase over October 2010′s sales number of 1285.

Throughout the year, we have seen an increase in average & median prices each month, when compared year over year.  However, in October 2011, both did see a slight 1% decrease with an average price at $182,304 and median price at $149,500.

This slight drop is not alarming and when you look at year to date numbers we are still up.  Year-to-date, the average price ($186,815) and median price ($152,400) have seen a one and two percent increase respectively.

Our current inventory stands at roughly 7 months.  With 6 months being considered balanced, we are looking pretty good.  Plus we had 1199 pending sales going into November.

All in all, San Antonio’s real estate market has stayed steady throughout the year.  We continue to hear news of new employers coming to San Antonio & bringing new job opportunities for our residents.

“Forbes Magazine recently named San Antonio the best city in the nation for jobs, citing strong employee bases in a diverse roster of industries.”

Another reason why we are also seeing new residents flocking to San Antonio & calling San Antonio home!