It's August 2012 and it seems everything is unusually hot in San Antonio
including the climate, the area's thriving economy and the Alamo City's
residential real estate market.
There's little reason to elaborate on
the good news because it has been reported by local and national media for
weeks. Simply, the area's economy, demographic trends, and favorable long term
growth projections reflect a large and vibrant metropolitan area with a strong,
stable, and growth oriented personality.
So, is it any wonder that San
Antonio is presently experiencing its most active real estate market in the last
four years? Home sales are dramatically up, home values are returning to
pre-recession levels, and the market has shifted to a balanced market favoring
neither buyers nor sellers. And here's something of note. Because the inventory
of homes for sale is unusually low, some analysts believe conditions are
trending toward a seller's market for the entire San Antonio metro area and
surrounding counties.
That means home sellers will expect to see offers
close to their asking price and buyers can expect to encounter less seller
flexibility and harder negotiations.
Historically, August heralds the end
of San Antonio's realty sales high season, but, this year, it's not at all
certain that home buyers and sellers will see a cooler, more casual, and less
aggressive fall realty market. Only time will tell, but, in light of this
year's exceptional activity, a protracted residential sales high season is a
distinct possibility for San Antonio.
That's the good news for our August
2012 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 area 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
email 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 and selling
needs.
