San Antonio Real Estate 365

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!

San Antonio Housing Market Statistics – September 2011

The 3rd quarter of 2011 is officially over & we are now in the home stretch towards the end of the year…

So…how is our Housing market going into the 4th quarter?

“The San Antonio Board of REALTORS® reports that there was an eight percent increase when comparing single-family residential home sales in September 2011 (1,534) to those in September 2010 (1,419).”

One factor that may have brought buyers out (and is still bringing buyers out) is interest rates…which dropped below 4% in September!  These rates are lower than they have been in over 50 years!

SABOR also reports that September 2011’s average price ($190,211) is up 2% from that of September 2010 ($185,679).

The Median price of a single-family residential home was $152,500…which is actually the same as September 2010.

With San Antonio Housing Market Statistics strong in September 2011, approximated 7 months of inventory (just above what is considered balanced) and over 1200 pending sales, we are poised to finish out the year strong.