San Antonio Area Creole Style Dining

If you're looking to buy or sell a San Antonio area home, visit sanantoniohomequest.com or call Randy (210) 863-2661 or Stephanie (210) 867-8743.  Randy and Stephanie Kelley are Realtors® at Keller Williams Legacy, San Antonio, Texas.   Now, here's the latest from one of the San Antonio area's finest Creole style restaurants. Dear Friends, This weekend we have some delicious specials including Carrot Curry Soup and Asian Style Seared Ahi Tuna. Join us Saturday evening beginning at 6pm to hear Victoria Celestine perform live. It’s not too early to start planning your graduation parties. We offer full-service, upscale catering featuring a blend of traditional Creole items infused with Texas flavors. Click here to learn more about Chef Mike's Nouvelle Catering. Bon Appétit, Chef Mike PS - Check out our special 3 course meal available on Wednesday and Thursday from 5pm until 6pm. You get your choice of a salad, entree and dessert. Click here to view the menu.

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A Two Month Supply Of Available Houses In San Antonio

A few weeks back, we predicted that San Antonio's inventory of available homes for sale could soon fall into the two months range.  Briefly, last week, the supply of San Antonio homes on the market and not already under contract fell to 2.99 months.   That's not a lot of houses for buyers to select from in a metropolitan area as large as San Antonio.

Will the low home supply last?  It remains to be seen, but it could happen because an unusually small number of new listings are coming on the market for this time of the year.

The continuing  imbalance between San Antonio's inventory of available homes and the number of buyers looking for San Antonio homes for sale means the area's late winter/early spring residential market will strongly favor home sellers and the most attractive homes will sell very quickly.

Consequently, San Antonio buyers looking to purchase a new or resale home this year are strongly advised not to delay their search much longer because, by summer 2014, home prices in the San Antonio area are likely to be 10 or more percent higher than in 2013.

If you are a San Antonio home buyer or seller needing expert realty consultative and representation services, please visit our sanantoniohomequest.com website or call Randy Kelley at (210) 863-2661 or Stephanie Kelley at (210) 867-8743.  We are Realtors®  at Keller Williams Legacy, San Antonio, Texas. Our never ending  goal is to help you get the best price, terms, and conditions for your residential realty investment.

February 2014 San Antonio Home Sales Report

It's hard to argue with the numbers and, everywhere we look, the numbers are significantly up for San Antonio's economy and it new and resale home sales market.

Why not?

The Alamo City is located at the front gate of the highly lucrative and rapidly growing Eagle Ford shale oil and natural gas field.

The entire San Antonio metropolitan area is attracting a diverse mix of new homegrown and relocating businesses.

The area has one of the lowest large metropolitan area unemployment rates in the nation.

Population growth is steady and well supported by the local economy and the area's health, private industry, and governmental services infrastructures.

So, what does so much favorable economic news mean for San Antonio area home buyers and sellers?

Here are the facts as of 3 February 2014:

Reasonably priced and well prepared resale homes are selling exceptionally fast 

and new home builders are putting new inventory into production as quickly as possible.

There are 7847 new and resale homes listed for sale compared to 8520 one year ago.

The listings inventory is exceptionally low but will likely trend slowly upward as late winter/early spring listings are brought to market.  Nonethless, for the time being, the market has drifted downward into the 4 months supply range, reflecting a highly unbalanced market favoring sellers over buyers.

The average sales price for the most recent closings is $195,484 compared to last February's $183,834.  

Both list and sales prices are steadily rising - a trend likely to continue through the higher paced late winter/spring/early summer home sales high season.

Although industry analysts see these data as reflecting a strong seller's market, home buyers can take heart in knowing that San Antonio homes are still reasonably priced and highly affordable when compared to homes in the Nation's other large metropolitan markets.

That's all for our February 2014 San Antonio home sales report.

We encourage reader comments and recommendations about how to make our reports more informative and useful.

Please visit our recently redesigned sanantoniohomequest.com website and, if you have questions, need San Antonio realty or mortgage loan advice and assistance, or just want to talk about the San Antonio and the surrounding communities, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie).  

Remember, our never ending goal is to help you get the best price, terms, and conditions for your residential realty investment.