The sanantoniohomequest.com Realty Solutions Team
Keller Williams Legacy
San Antonio, Texas
Tuesday, December 25, 2012
Wednesday, December 05, 2012
San Antonio Townhome For Sale
For Sale for $101,0000
Listed By
Carlos Guzman, Keller Williams Legacy, San Antonio.
Tuesday, December 04, 2012
December 2012 San Antonio Homes For Sale Report
The remarkable 2012 San Antonio residential sales year is coming to a close with December projected to produce a record number of closings for a low sales season month.
Many positive factors have come together to make 2012 a very successful year for San Antonio area home sales.
For example, when compared to other large metropolitan areas during the late Great Recession, San Antonio managed to maintain its attractive reputation for economic stability and business development and growth. Consequently, this year has seen a significant increase in housing demand generated by the area's rapidly expanding business community.
The improving economy has impacted heavily on San Antonio's home sales market. From August through November, single family detached home sales have far exceeded new listings. This has lead to a potential shortage of resale homes for buyers entering the market in the coming months.
New home builders are capitalizing on the shortage by bringing more newly built home inventory on line, however much of their inventory won't be available until the late winter/early spring sales season.
In the short term, with fewer homes to choose from, buyers can expect to find higher higher home prices and a strong seller's market.
Granted, the still developing seller's market might discourage some home buyers this December. Nonetheless, this year's winter home sales market is expected to stay unusually strong because of the availability of historically low mortgage loan rates and the fact that the San Antonio market still offers quality housing in excellent neighborhoods for a very reasonable cost.
Here are the key indicators proving the vitality of today's home seller's market.
For San Antonio's single family detached home listings as of 3 December 2012, there are 9040 homes for sale compared to 10,467 one year ago. The inventory is very low and the downward trend is expected to continue until seller's bring their homes to market in early 2013 for the late winter/spring selling season.
The average sales price for the most recent closings is $196,950 compared to last year's $174,891 - a 12.61% increase! That's unusual because the San Antonio area averages 2% to 3% home price appreciation per year.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 109 compared to 137 last year.
As previously stated, these data add up to a very strong seller's market.
That's all for our December 2012 San Antonio realty market report.
We encourage reader comments and recommendations about how to make our reports more informative and useful.
Please visit our sanantoniohomequest.com website for information about how to best go about buying or selling your San Antonio area home. If you're looking to buy a home, use our fast and easy listings search engine and learn about our Calendar Year 2013 Public Service Home Buyer Reward Program.
Wishing you a merry Christmas, Happy Holidays, and Happy New Year, we're Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas.
If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to know more about San Antonio and the surrounding communities, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie), or email us at swkrealtor@aol.com or kelleybus@aol.com.
The SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your residential realty needs.
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