The title tells the tale of Jennifer Hiller's excellent article about San Antonio's June 2010 residential home sales. Click here to read Jennifer's article.
We're Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about our wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
Wednesday, June 16, 2010
Friday, June 11, 2010
Affordable Homes & Open Spaces Await San Antonio Home Buyers
It's a fact. Residential lot costs and home prices are higher in the west and north central sectors of San Antonio and Bexar County. Those areas are also crowded with densely populated subdivisions.
So, if you are a San Antonio home buyer looking for an affordable home on a lot with ample elbow room, where should you go? The answer is easy. Go south young (and old) buyer - go south!
The appeal of south Bexar County real estate is addressed by Jason Burch in a recent article in the San Antonio Express News. Click here to enjoy Jason's very well written and highly informative article.
Call us or send an E-mail if you want to know more about south side Bexar County and adjacent county home and residential lot buying opportunities. We know the area well.
We're Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about our wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
So, if you are a San Antonio home buyer looking for an affordable home on a lot with ample elbow room, where should you go? The answer is easy. Go south young (and old) buyer - go south!
The appeal of south Bexar County real estate is addressed by Jason Burch in a recent article in the San Antonio Express News. Click here to enjoy Jason's very well written and highly informative article.
Call us or send an E-mail if you want to know more about south side Bexar County and adjacent county home and residential lot buying opportunities. We know the area well.
We're Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about our wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
Wednesday, June 09, 2010
9 June 2010 San Antonio Single Family Detached Home Listings Report
9 June 2010 Data For San Antonio Single Family Detached Home Listings
Today there are 12,392 active listings, last week 12,189, last year 12,107
Today there are 2293 homes under contract, last week 2450, last year 1966
Today's average list price is $272,793, last week $272,409, last year $278,487
Today's average listing has been on the market 157 cumulative days (CDOM), last week 158, last year 163
Today's average list price for latest sales is $183,618, last week $184,719, last year $193,525
Today's average sales price for latest sales is $177,519, last week $178,716, last year $185,078
Today's latest list to sold price ratio is 97%, last week 97%, last year 96%
Today's average cumulative days on the market (CDOM) for latest sales is 119, last week 118, last year 128
What do these data mean? San Antonio's inventory of available homes is rising however the number of pending sales is falling; list prices are stable; sales prices are stable; the list to sales price ratio indicates the average home seller is getting 97 percent of the asking price; the time to sell a home is neither significantly rising nor falling; the average home is selling for less this year than it would have sold for last year. It's basically a buyer's market, trending toward a balanced market.
We're Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
Today there are 12,392 active listings, last week 12,189, last year 12,107
Today there are 2293 homes under contract, last week 2450, last year 1966
Today's average list price is $272,793, last week $272,409, last year $278,487
Today's average listing has been on the market 157 cumulative days (CDOM), last week 158, last year 163
Today's average list price for latest sales is $183,618, last week $184,719, last year $193,525
Today's average sales price for latest sales is $177,519, last week $178,716, last year $185,078
Today's latest list to sold price ratio is 97%, last week 97%, last year 96%
Today's average cumulative days on the market (CDOM) for latest sales is 119, last week 118, last year 128
What do these data mean? San Antonio's inventory of available homes is rising however the number of pending sales is falling; list prices are stable; sales prices are stable; the list to sales price ratio indicates the average home seller is getting 97 percent of the asking price; the time to sell a home is neither significantly rising nor falling; the average home is selling for less this year than it would have sold for last year. It's basically a buyer's market, trending toward a balanced market.
We're Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
Monday, June 07, 2010
June 2010 San Antonio Realty Market Report
Some very good news is in! According to the San Antonio Board of REALTORS®, so far this year, existing San Antonio home sales have outpaced 2009 sales by 16.2 percent. The credit can be given to wise buyers motivated by the Federal home buyer tax credit programs, San Antonio home affordability, rising consumer confidence, and historically low mortgage interest rates.
But, there's a little bad news among the good. As San Antonio enters its typically very active late spring/early summer home selling season, the residential listing inventory may be a bit too high for seller comfort. Early trends indicate that, in some neighborhoods, single family properties might stay on the market longer than usual for the summer season, and the average list price is trending downward as sellers adjust for what might be a slower than usual market. What caused this potential down side for San Antonio home sellers. Simply this. The protracted national economic downturn has impacted negatively on San Antonio home values. After years of moderate, but steady, price increases, Bexar County property values dipped 2 percent in 2009. Some areas in south and northwest Bexar County have been particularly hard hit with foreclosures and many highly foreclosure prone neighborhoods have seen their values depreciate drastically in a very short time.
On the other hand, higher priced subdivisions in San Antonio's north and northeast appear to be holding their home values very well.
Should San Antonio homeowners be concerned that the area will experience a protracted home value depreciation cycle? Probably not. Because of its solid economic and demographic foundations, San Antonio remains one of the nation's bright spots for home ownership and rental investments. Affordable mortgage availability is extremely high, mortgage interest rates are historically low and the area is on the verge of receiving an influx of military buyers eager to take advantage of San Antonio's well priced homes.
So home buyers and sellers should take satisfaction that there's some good news for everyone.
In conclusion, here are the relevant market indicators for San Antonio single-family detached home listings as of 7 June 2010.
There are 12,324 active listings compared to 12,107 one year ago. The inventory is rising slowly. That's a good sign for home buyers.
The average sales price for the most recent closings is $177,685 compared to $185,078 last year. The unusual drop in average sales price is caused by the purchase of a large number of less expensive properties by buyers capitalizing on the Federal home buyer tax credit programs. It remains to be seen how the market will fare after all of the tax credit program deals are closed by the end of June. What's certain for the time being is this - the decreasing average sales price trend is a good sign for buyers.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 119 compared to 138 last year. During 2009, CDOM figures were unacceptably high, but dropped fast during the Federal Tax credit home buying frenzy. It remains to be seen if cumulative market time will improve further, but a slight upward trend is possible. Nonetheless, for the time being, it's a positive sign for San Antonio home sellers, specifically, and for San Antonio's realty market, generally.
Industry analysts see these data as reflecting a housing market strongly favoring buyers over sellers.
That's all for our June 2010 San Antonio realty market report. We encourage reader comments and recommendations about how to make our reports more informative and useful.
We're Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
But, there's a little bad news among the good. As San Antonio enters its typically very active late spring/early summer home selling season, the residential listing inventory may be a bit too high for seller comfort. Early trends indicate that, in some neighborhoods, single family properties might stay on the market longer than usual for the summer season, and the average list price is trending downward as sellers adjust for what might be a slower than usual market. What caused this potential down side for San Antonio home sellers. Simply this. The protracted national economic downturn has impacted negatively on San Antonio home values. After years of moderate, but steady, price increases, Bexar County property values dipped 2 percent in 2009. Some areas in south and northwest Bexar County have been particularly hard hit with foreclosures and many highly foreclosure prone neighborhoods have seen their values depreciate drastically in a very short time.
On the other hand, higher priced subdivisions in San Antonio's north and northeast appear to be holding their home values very well.
Should San Antonio homeowners be concerned that the area will experience a protracted home value depreciation cycle? Probably not. Because of its solid economic and demographic foundations, San Antonio remains one of the nation's bright spots for home ownership and rental investments. Affordable mortgage availability is extremely high, mortgage interest rates are historically low and the area is on the verge of receiving an influx of military buyers eager to take advantage of San Antonio's well priced homes.
So home buyers and sellers should take satisfaction that there's some good news for everyone.
In conclusion, here are the relevant market indicators for San Antonio single-family detached home listings as of 7 June 2010.
There are 12,324 active listings compared to 12,107 one year ago. The inventory is rising slowly. That's a good sign for home buyers.
The average sales price for the most recent closings is $177,685 compared to $185,078 last year. The unusual drop in average sales price is caused by the purchase of a large number of less expensive properties by buyers capitalizing on the Federal home buyer tax credit programs. It remains to be seen how the market will fare after all of the tax credit program deals are closed by the end of June. What's certain for the time being is this - the decreasing average sales price trend is a good sign for buyers.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 119 compared to 138 last year. During 2009, CDOM figures were unacceptably high, but dropped fast during the Federal Tax credit home buying frenzy. It remains to be seen if cumulative market time will improve further, but a slight upward trend is possible. Nonetheless, for the time being, it's a positive sign for San Antonio home sellers, specifically, and for San Antonio's realty market, generally.
Industry analysts see these data as reflecting a housing market strongly favoring buyers over sellers.
That's all for our June 2010 San Antonio realty market report. We encourage reader comments and recommendations about how to make our reports more informative and useful.
We're Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
Subscribe to:
Posts (Atom)