118 Red Hawk Ridge is a finely maintained rental property offered by Stephanie Kelley Property Management, Keller Williams Legacy, San Antonio, Texas.  It's very close to quality Northeast Independent School District (NEISD) schools and many new shopping amenities, and offers easy commute to downtown San Antonio, Randolph AFB, and Fort Sam Houston.  For details go to sanantoniohomequest.com or call Stephanie Kelley, Realtor®, at (210) 867-9743 or Randy Kelley, Realtor®, at (210) 867-8743.

DAILY NEWS ABOUT SAN ANTONIO HOMES FOR SALE

It's Tuesday, 27 September 2016, and according to the San Antonio Board of Realtors'® Multiple Listing Service (MLS), in the last 24 hours:

8876 new and resale homes were on the market - average market time was 78 days
3055 of the homes on the market were under contract
181  homes were newly listed for sale
201 homes for sale had their list price changed
157 homes were sold for an average of 97.78% of their list price
29 listings expired
178 homes for sale went to pending status (under firm contract with a scheduled closing date

If you're looking to buy or sell a San Antonio area home, visit sanantoniohomequest.com or legacypowerhouse.com for the best advice and assistance on line or contract a member of the Keller Williams Legacy's Power House Team at (210) 482-3202 or (210) 867-8743 or (210) 863-2661.

IF YOU DON'T KNOW REAL ESTATE, KNOW A REALTOR, AND IF THE POWER HOUSE TEAM SAYS IT'S SO - IT'S SO.

2015 San Antonio Housing Forecast Report

San Antonio Home Quest Realty Solutions Team

Realtors®

sanantoniohomequest.com

 

 

The San Antonio Board of Realtors®  (SABOR) annual housing forecast was held on January 8, 2015.

 

If you are looking to buy or sell a San Antonio area home in 2015, SABOR has exciting news for you.  Visit the SABOR website to read about San Antonio residential sales projections for 2015.

 

This blog is brought to you by Stephanie and Randy Kelley, Realtors®, at Keller Williams Legacy, San Antonio, Texas.  Call us at (210) 863-2661 or (210) 867-8743 for the best advice and assistance regarding home sales in and around San Antonio, Boerne, Bulverde, Spring Branch, New Braunfels, Seguin, La Vernia, Floresville, Pleasanton, and Lytle, Texas.

January 2015 San Antonio Home Sales Report

This January 2015 San Antonio Home Sales Report is from the sanantoniohomequest.com website.

Calendar year 2014 saw the most active San Antonio area resale and new home sales activity since the benchmark 2006 sales year.  

2014's impact was impressive.  Compared to 2013, closed single family home sales increased 4.23% (from 23502 to 24541), average list price increased 4.72% (from $215,075 to $225,729), and average sales price increased 4.92% (from $208,040 to $218,805).  The area ended the year with the lowest inventory of available homes for sale seen in the last decade.

Throughout last year, the nation's leading realty market analysts consistently ranked San Antonio as having one of the United States most successful residential realty markets.

Why?

The reason is easy to see. Since the end of the Great Recession, the entire San Antonio metropolitan area has evolved into an economic powerhouse driven primarily by the rapidly petroleum sector associated the nearby Eagle Ford shale oil field.  Other contributing factors are the area's well funded local government and Federal service components,  combined with the financial impact of having a large Federal service enterprise, a growing retiree community, thriving service industries, plus dynamic educational, medical, financial, tourism, and service industries.

Now, entering 2015, there is the possibility of a significant change in the area's economic circumstances.  Gas and oil field development and the refinery and sale of petroleum products have traditionally been the most significant industries contributing to the state's economic success. Although good for America's motoring public, the recent collapse of crude oil and gas prices might bode ill for Texas' most significant industries.  Economists are watching the situation warily, cautioning a wait and see attitude regarding the long term impact of low petroleum prices on both San Antonio, specifically, and the state in general.

In the face of uncertainty, what does the future hold for San Antonio's home sales in the next 4 months?  Will the market remain as active as in 2014, or pull back under threat of potentially less favorable economic conditions?

Here is the most likely short term answer.

Home sales will remain strong because San Antonio's economy has become highly diversified and, therefore, less reliant on the petroleum industry.

The inventory of newly constructed and resale homes will remain critically low.

Newly constructed and well prepared resale homes will sell quickly.

The market will favor sellers over buyers.

Home prices will likely increase, probably falling within San Antonio's typical 2% to 3% range as opposed to 2014's 5% increase.

As often pointed out in this column, home buyers should take heart in knowing that, historically, San Antonio has a consistent record of moderate but steady home value appreciation and residential sales market stability.  Also, San Antonio area homes are still very affordable when compared to homes in the nation's other large metropolitian markets.

We are Randy and Stephanie Kelley, Realtors®  at Keller Williams Legacy, San Antonio, Texas.  If you are looking to sell or buy a San Antonio area home, visit our sanantoniohomequest.com website or contact us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie). Our goal is to help you get the best price, terms, and conditions for your realty investment.

March 2014 San Antonio Home Sales Report

If you're considering buying or selling a San Antonio metropolitan area home this year, keep this in mind.

In March 2014, there are too few new and resale homes on the market and there are too many buyers looking for a home to buy.  Consequently, competition for available homes is keen, home prices are rising, and home sellers have the advantage over buyers when it comes to negotiating the price, terms, and conditions for selling their homes.

But, there are changes in the wind.

Although, for the time being, the market favors sellers over buyers, there are signs that there is a correction underway.

Why?

A major factor is the fact that more San Antonio area residents feel they can afford to sell their homes because, due to rapidly rising home values, home owners are now in a positive equity situation (meaning they owe significantly less on their mortgages their their homes are worth).  

Another factor is simply market timing.  March and April are strong home sales months in the San Antonio area.

So, during the first week of March, new listings have increased dramatically and the supply of available homes is gradually but steadily creeping upward.  If the trend continues, the average home seller's advantage will likely weaken as the home sales market  becomes balanced.

The bottom line is this.

Following on the heals of the highly successful 2013 home sales year, San Antonio has all of the right economic conditions for a vibrant spring and summer 2014 residential sales market.
 
The nearby Eagle Ford Shale oil/gas boom is a highly significant factor, especially for home sales in the neighborhoods nearest the oil and gas fields south of San Antonio and Bexar County.

Also, San Antonio homes remain highly affordable and mortgage interest rates are exceptionally low for well qualified home buyers.

In summary, here is our advice for buyers and sellers in this March’s San Antonio home sales market. Don't delay. Act now to take advantage of this month's strong market.

That’s all for our March 2014 San Antonio bases area realty market report.

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

Please visit our sanantoniohomequest.com website for more information and access to our highly rated San Antonio homes for sale search engine.

If you have questions, need San Antonio realty or mortgage loan advice and assistance, or just want to chat a bit about the Alamo City area, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie).

We’re Randy and Stephanie Kelley, 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.

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.