San Antonio Real Estate 365

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.

San Antonio Housing Market Statistics – August 2011

August is typically considered the last month of Summer, typically the hottest buying/selling season of the year…

We know that August 2011 was extremely HOT, temperature wise…but, how were home sale in  San Antonio in August 2011?

Well, there was a total of 1,771 home sales in the month of August, which is a 5.1 % increase from July 2011 and a 10 % increase when compared to August 2010.

In fact, our August Sales numbers are where they were back in 2008 & 2009.

Another interesting statistic about San Antonio’s housing market is that 68%  of all single-family home sales in August were priced below $200,000.

This is the reason we saw a decline it August 2011’s average ($188,485) and median ($153,200) home prices…down 6% and 5% respectively.

Even with this slight decline, our sales prices for August are still up around 2% from the beginning of 2011.

The fact is more homes were sold…which is positive for our market & shows that our market is strong & steady.  And, we are still showing much better sales numbers than most other markets nationally…many of which are still showing declining numbers.

San Antonio Housing Market Statistics – July 2011

Summer is typically the Buying & Selling Season and July is historically the busiest real estate month of the year.  July 2011 showed to be no exception!

According to the latest market report released by the San Antonio Board of REALTORS^® (SABOR), San Antonio saw an 11%  increase in sales of single-family homes when comparing July 2010 (1519 sales) to July (1680 sales).

Median & Average Home prices did see slight decreases when compared year over year, with median prices currently at $157,000 (4% decrease) and average prices at $194,408 (6% decrease).

Even though prices showed a slight decreases, with the increase in sales and steady growth throughout the year, it is still safe to say that we are steady and that our market is strong.

Another sign that San Antonio’s housing market is strong is our decline in foreclosures.  San Antonio has had 21% fewer foreclosures over the first half of 2011 than we had over the first 6 months of 2010.

San Antonio continues to be a great place to own a home…and a great place to call home!

San Antonio, TX Market Statistics / Housing Numbers – June 2011 – Year to Date

OK…SABOR (San Antonio Board of REALTORS) has posted the numbers for June as well as the forst half of 2011…so, how are we doing?

The report from SABOR shows that the Average ($193,530) and the Median ($155,700) home prices show increases of 2% and 1%, respectively, when compared to June 2010.

 We also see that the Average & Median prices of single-family homes in San Antonio year-to-date have both increased 4%, to $184,930 and $151,100 respectively.

While the year-to-date total number of Home Sales in San Antonio is down roughly 8% from 9523 in 2010 to 8770 in 2011, this is likely due to the 2010 Homebuyer Tax Credit & the increased sales it brought during the first half of last year.

When comparing the number of sales in June 2011 (1869) to those in June 2010 (1904), we see only a slight 2% decrease…Which, very likely, could show that our market is balancing out.

“Experts say that San Antonio has recovered to its prerecession levels on many fronts. There’s a lot to feel good about in the real estate market specifically, like the low interest rates as well as continued price appreciation and affordability,”said Scott Caballero, 2011 Chairman of the Board.

So…all & all, San Antonio does still prove to be one of the nations strongest economic contenders.  And, we are now getting into the heart of the Summer Buying/Selling season…So, let’s hope it is as HOT as our weather is!!

If you would like more information on real estate in San Antonio as well as more community information, please give us a call at (210) 209-8711 or shoot us an email. Have a good one!

San Antonio, TX Market Statistics / Housing Numbers – May 2011

The May 2011 Multiple Listing Service report by the San Antonio Board of REALTORS® (SABOR) shows that San Antonio’s housing market is not only staying strong…but getting stronger!

There was a total of 1782 single-family residential homes sold in San Antonio in May 2011…which is a 19.3% jump from home sales in April 2011!

The average & median home prices also rose from last month…5.6% and 3.7% respectively.

Much of San Antonio’s market strength can be attributed to job growth & in turn, economic stability.  We just keep getting more news of companies adding more jobs & bringing more opportunity to our residents. 

We recently learned that Kohl’s Department stores will be bringing not only the 1000 previously discussed jobs, but 700-800 additional jobs to San Antonio over the next couple of years.

Plus…San Antonio still offers very affordable housing & a low cost of living…all while being a great place to live!

Buyers are still able to take advantage of historically low interest rates because they feel confident making a home purchase & investment in San Antonio!

If you would like more information on real estate in San Antonio as well as more community information, please give us a call at (210) 209-8711 or shoot us an email.  Have a good one!

San Antonio, TX Market Statistics / Housing Numbers – January 2011

“According to the January 2011 Multiple Listing Service report by the San Antonio Board of REALTORS® (SABOR), the percentage of single-family residential home sales is up 11 percent from this time a year ago.  The number of sales totaled 922, compared to 827 in January 2010.“ 

That in & of itself is great news…. What is even more exciting is that we are seeing this increase during the Winter, a time of year that is typically slow.  If this is a sign of what 2011 has in store for us, then we are on track to see even better numbers during the peak Spring & Summer months. 

Another sign that shows that San Antonio’s market is not only stable, but in a forward motion is that our average ($179,802) & median ($144,700) home sales prices also increased between 3-4% from January 2010 to January 2011.  This factor is one thing that is bringing so many to San Antonio from other areas of the country where they are experiencing losses in home values & equity.  Of course, it doesn’t hurt that we also have great weather, major employers, fantastic schools, and lots of fun stuff to do here!

If you would like more information on real estate in San Antonio as well as more community information, please give me a call at (210) 325-0497 or shoot me an email.  Have a good one!