Friday, October 28, 2011

Things To Do San Antonio Texas Halloween 2011

If you are looking to buy or sell a haunted or not-haunted San Antonio home, visit
our world class listings search engine
otherwise, pass on (he.he) to the Texas Home Girl's report of things to do on Halloween in San Antonio. The Home Girls's report is found here:
Halloween In San Antonio


The SanAntonioHomeQuest.com wishes you a BOO-TIFUL Halloween 2011.

Monday, October 24, 2011

Rent And Sale Prices In San Antonio Could Signal A Buyer's Swing

The following very excellent and timely article is written by Kala Bell, our guest blogger from the University of Michigan.

RENT AND SALE PRICES IN SAN ANTONIO COULD SIGNAL A BUYER'S SWING

In most housing markets, the fall and winter months can often signal a slow period for both buyers and sellers. With the holidays approaching, many families often get locked in and restart their search after the New Year begins. While this may often be true, trends and statistics often help to determine the market. Buyers who are on the fence are looking to reap the benefits of good trends and the San Antonio area offers up some appealing figures for buyers as October draws to a close.


The numbers for rentals in San Antonio are in for the fall season and they are telling for interested buyers. Right now, San Antonio apartments are averaging $758 per month. This is a 2.4 percent increase from the rent averages in late 2010. Rentals in the area are at 93.5 percent occupancy, which signals low rental inventory and the possibility for even more rising rental rates.

With the rental rates up in San Antonio, potential buyers who are on the fence could certainly be tempted to pull the trigger on a possible new home. Median price in the area is also certain to have an effect on the feelings of potential buyers. Sale prices are down about 3 percent from 2010. In September, the median sale price in San Antonio was $183,762.

Also in September, the San Antonio housing sales numbers were very promising. An eight percent increase in sales over 2010 reflects an area market that could be primed for resurgence. Buyers can take note of the record low mortgage rates throughout the nation and in San Antonio, specifically. A 30 year, fixed rate mortgage is now as low as 3.94 percent, marking the first time a 30 year has dropped below 4 percent.

Inventory has been down for homes as well, however the average time on the market has gone up for homes. The market has stayed pretty steady in the San Antonio area for the past year. This is a good sign, as many other areas throughout the nation have taken catastrophic hits in the same time period. The San Antonio area, as well as other major Texas hubs should continue to do well as many places in the country experience issues. With this area often driven by the oil industry, the region seems to be better off, especially when it comes to unemployment.


The San Antonio real estate market should continue to stay steady with the possible hope for a full bounce back some time 2012. The numbers from January to September of 2011 are telling, signaling a hopeful resurgence in the late months of the year and early part of 2012.____________________________________________________

Thanks Kala for your excellent analysis and thought provoking blog article. We look forward to hearing from you again very soon.

This blog is brought to you by Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas. We are professional residential realty analysts and negotiators. If you're looking to buy or sell a home, our goal is to help you get the best price, terms, and conditions. Visit us at sanantoniohomequest.com.








Saturday, October 01, 2011

October 2011 San Antonio Real Estate Market Report



Like the weather, San Antonio's realty "hot season" typically ends in September. In October, falling leaves and falling temperatures are accompanied by falling home sale activity.

It's to be expected. San Antonio's realty market runs in a predictable seasonal cycle. The lowest sales month is January, the higher sales season kicks off in March and usually peaks in June, and, after school starts in August, the market draws down in a leisurely fashion through the fall and early winter months. Interestingly, some years see a spike in activity in late October and early November. Will that happen this year? It remains to be seen.

So far, this year's cycle has been typical, albeit sales volume has been unusually modest due to the influence of the continuing national economic malaise.

Barring the return of a full-blown recession, industry analysts see little reason to be concerned about San Antonio's economic health.

Why?

The area's job growth is excellent. Its unemployment rate is relatively low. Corporations are relocating to the area. Just south of the city, the developing Eagle Ford shale oil fields are fueling an economic boom. The Alamo City's financial, service sector, military, bioscience, and medical establishments are strong and fully capable of providing the stable economic environment needed to encourage and sustain small and large business development.

Looking at real estate specifically, local analysts are confident that, barring unforeseen factors, San Antonio's realty market will breeze through the expected seasonal cool-down and come back even stronger in the spring.

Here are the relevant market stats for San Antonio area single-family detached homes as of 1 October 2011.

There are 10974 active listings, compared to 12495 one year ago. The inventory is decreasing very rapidly. That's a good sign for home sellers.

The average sales price for the most recent closings is $188,836, compared to last year's $188,411. The very small increase in average sales price is insignificant and, therefore, neither a good nor a bad sign for sellers or buyers.

Average cumulate-days-on-the-market (DCOM) for the most recent sales is 135 compared to 123 last year. For the time being, CDOM data is positive for San Antonio home buyers.

Industry analysts see these data as reflecting a housing market slowly drifting toward balanced conditions. That means the market neither favors buyers nor sellers.

That's our October 2011 San Antonio realty market report. We encourage reader questions, comments, and suggestions for making this monthly report more relevant and informative.

Wishing you an wonderful October 2011, we are Stephanie and Randy Kelley, Realtors ® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to chat, please call (210) 863-2661 or (210) 867-8743 or send an email to 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.