For the 4th time in as many years, the group at Keller Williams, Legacy (where I work) sponsored a BBQ benefiting the Children's Shelter of San Antonio.  It's called Grillin' on the Lot and with today's temperatures reaching around 100 degrees, there was a lot more "grillin" than just the BBQ.  The amazing volunteers braved the heat and raised quite a bit of money for the Children's Shelter. They were still counting a few minutes ago and even before the profits from all the desserts (generously donated by agents at the office) the amount has surpassed last years' event. 

I am proud to be part of  an organization that supports a worthy cause and gives back to the community.  You can learn more about the Children's Shelter by visiting their website. 

Christmas in July  to benefit the shelter is the next event that Keller Williams, Legacy will be sponsoring.  If you are in our area, please drop by our office with your donations - anytime during the month of July.  We have a big bin that is located by the front desk.  Drop by and say Hi!   Diapers, toiletries, gift cards and cash donations are always welcome.  There is a detailed list of wish items and ways that you can help at the website.

****

I am Stephanie Kelley, Realtor® at Keller Williams Legacy, San Antonio, Texas. If you have questions about San Antonio real estate or just want to chat a bit about our wonderful Alamo City, please call me at or (210) 867-8743, or E-mail me at swkrealtor@aol.com Our experienced Realty Solutions Team is always ready to help you with your home buying or selling needs. Visit me at http://SanAntonioHomeQuest.com

Settlement Provides $287 Million In Texan Mortgage Relief

If you're looking to buy or sell a San Antonio area home, visit sanantoniohomequest.com .

Posted Feb 11, 2012 By the Texas Association Of Realtors®

As part of a settlement between 49 states and five of the nation's largest banks, some struggling Texas homeowners will receive restructured loans with lower mortgage payments. Others who already went through foreclosures may get $2,000 checks.

The $25 billion deal, agreed to by all U.S. states except Oklahoma, stems from inappropriate handling of foreclosures by Ally/GMAC, Bank of America, Citigroup, Jp Morgan Chase, and Wells Fargo. Nine other institutions may become part of the agreement, pushing the national settlement total $5 billion higher.

Many mortgage lenders admitted to inappropriate activities in processing foreclosures, including failing to verify underlying documents, signing documents without reviewing them, and using fictitious names to sign documents.

The settlement prevents states from suing the mortgage lenders for these activities. However, it does not stop individual homeowners from pursuing legal remedies in civil court.

The fact that Texans will receive only about 1% of the total settlement despite the state's large population may be a result of the low foreclosure rate in Texas --- less than half the national average according to Core Logic.

People eligible for the loan modifications or payments will receive letters over the next six to nine months. More information is available at http://www.nationalmortgagesettlement.com/ and from an FAQ by the Texas Attorney General's Office .

Things To Do In San Antonio - 24 September 2011

It's 24 September 2011 - the first weekend of fall. The weather is wonderful in San Antonio, so get out and enjoy. The SanAntonioHomeQuest.com Realty Solutions Team recommends these things to do.

DINING:

Join us this weekend and begin your meal with our Poblano Bisque and then taste the Seared Sea Scallops & Fried Soft Shell Crab over Angel Hair served with Tomato Basil Sauce entree special or the Osso Bucco braised in Italian Style Red Sauce served over Creamy Polenta entree special.

Our new Brunch Buffet is going great! Stop by from from 11am-2pm on Sundays for all you can eat hot entrees, fresh sides and a salad bar. The price for a child’s buffet (under 10) is $6.00 and an adult buffet is $12.95.

Saturday night, join us on the back porch from 6-9 pm for live music by Jerry Bailey. He will be playing guitar and singing some great tunes.

Bon Appétit,
Chef Mike

Mike's In The Village 2355-3 Bulverde Rd. Bulverde, TX 78163 -- 800 438-2747

THE ARTS & MUSEUMS:

McNay Art Museum P:210.824.5368 6000 North New Braunfels San Antonio TX 78209

PARKS AND GARDENS:

555 Funston @
North New Braunfels Avenue
San Antonio, TX 78209
Phone (210) 207-3250
TTY (210) 207-3097

Here's hoping you enjoy this wonderful San Antonio weekend.

If you're looking to buy or sell a San Antonio area home or if you want some more information about San Antonio recreation and entertainment activities, contact us. We are Stephanie and Randy Kelley, residential realty analysts and negotiators, at Keller Williams Legacy, San Antonio. (210) 863-2661 or (210) 867-8743.

Least And Most Expensive Homes For Sale In San Antonio

$1,400,000 - 2 bedrooms

$25,000 - 2 bedrooms

Sometimes, San Antonio real estate is hard to figure out.

Here’s an example. Looking at the 517 new listings recorded in the San Antonio Multiple Listing Service in the last 7 days, the least expensive and most expensive properties were both 2 bedroom homes. The least expensive is listed for $25,000 and the most expensive for $1,400,000.

Yes, believe it! A $1.4 million 2 bedroom house!

The least expensive property is located at 1110 Patton Blvd, San Antonio. The MLS number is 911866.

The most expensive newly listed property is located at 21625 Cielo Ridge, San Antonio. The MLS number is 911299.

Right in the middle of the 517 new listings is the property at 1607 Selkirk Street, San Antonio. It’s listed for $172,500 and is within easy commuting distance to Randolph AFB and Fort Sam Houston.

If you want detailed information about it, you’ll find it at sanantoniohomequest.com.

If you want to know more about least expensive or most expensive new listings, or any listings in between, contact us.

We’re Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio 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 E-mail 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 or selling needs.

San Antonio Area Property Tax Rates

They say it's bad for rankings to repeat a blog post, but the question of San Antonio area property tax rates keeps coming up, so, here's my past, but still current blog addressing that subject.

If you're moving to the San Antonio area, you’ll want to know about local taxes and the cost of registering your automobile and insuring your home. Here are the facts.

The area’s sales tax rate averages 8.125% but may vary a little between the various incorporated jurisdictions in and around San Antonio and Bexar County.

The real estate property tax varies between jurisdictions and is influenced mostly by the school tax component. Count on paying approximately 3% of your home's tax appraised value for the more costly school districts to as low as 2% or less for rural areas.

What about homeowner’s insurance? The cost will vary between insurers. As a rule of thumb, count on paying approximately .005 times your home’s value.

And now, what about the cost of bringing a non-Texas registered auto into the area? You’ll pay a registration fee of $60 to $90, a title application fee of $28 to $33 - depending on the county - and a new resident auto tax of $90. You’ll required to have the auto inspected. That will cost approximately $18.00.

Those are the facts.

We’re Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio 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 E-mail 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 or selling needs.

The Fear Of Making A Wrong San Antonio Home Buying Decision

It's natural and understandable. Every home buyer is scared of making a wrong decision.

Why not? Buying a home is one life's most stressful decisions.

So, in today's oftentimes confusing market, how is the average home buyer insuring against making a wrong decision?

The answer is evident to anyone who works with realty consumers. Today's home buyer uses the Internet as the platform for becoming an informed and, hopefully, a more secure realty consumer.

Yes, the Internet is a good starting point; however, using the Internet as the sole information source to insure against making a bad decision is inherently risky, especially when it involves a critical financial decision like purchasing real estate.

Let's face it. The Internet is a deep well of facts and fallacies, and, for both the uninitiated and the repeat home buyer, getting the complete picture and sorting Internet truth from fiction is a daunting task.

Unfortunately, many Internet reliant home buyers become over confident. Empowered and emboldened with online information about home values, neighborhoods, and home buying processes and procedures, they charge into the realty market place, knowing much, yet rarely knowing everything they need to know.

So, what's a home buyer to do - stop using the Internet's vast realty research capability? Certainly, not! Use it skeptically? Absolutely - plus seek the advice and assistance of a reliable person who knows the difference between Internet fiction and realty fact.

The most reliable source for separating Internet truth from fiction is a trained, experienced, and licensed real estate professional such as a realty attorney, real estate broker, or a real estate agent. All can answer the questions, set the expectations, and activate the procedures that are so critical for a successful and frustration free home buying experience.

Naturally, most homebuyers seek out a real estate broker or agent.

Selecting the right real estate agent is critical. It's best to use someone with the Realtor® designation, signifying the broker or agent holds the highest legal and professional duty to protect realty consumer interests.

So, to relieve home buying fear and anxiety, there's a simple formula. A trusted Realtor®, plus the right knowledge base and tools, equals the right decision.

We help San Antonio area home buyers and sellers be informed and capable realty decision makers. We are Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy. For the best realty services, call us at (210) 863-2661 (Randy) or (210) 868-9743 (Stephanie) or email us at kelleybus@aol.com or swkrealtor@aol.com. You're also invited to visit our website at sanantoniohomequest.com for reliable and informative home buying and selling information.

Zillow Home Valuations For San Antonio Homes For Sale

For our friends at Zillow, here's an explanation of this blog's purpose.

It isn't intended to slam your excellent service in any way. Simply, its purpose is to answer a very good question recently posed to us by a some San Antonio home buyers.

Their question is this. How accurate is Zillow's Zestimate® home valuation program for San Antonio homes?

The answer is easy - Zillow's accuracy is very low.

How do we know? Zillow says so; in fact, on the Zillow.com website, it acknowledges its Zestimates® are not very accurate for almost all Texas homes.

So, why can't we rely on Zillow's Zestimates® for Texas homes?

Here's why.

Zillow uses a secret formula to calculate a home's estimated value. The formula relies on complete and accurate data from counties and cities. Although the formula is secret, it's not hard to guess that recent sales price data for homes sold in the area is a vital component of the calculation.

Now, in most states, getting that information is no problem because it's legally required to file a home's sales price as a matter of public record. But, Texas is one of the few states in the Nation where that's not required. So, when Zillow's Zestimate® program looks for the publicly recorded home sales price data for Texas cities, it comes up empty handed.

What's the result of missing that vital data when calculating a Zestimate® for a Texas residential property. Usually, the outcome is an unreastically low Zestimate valuation.

So, if you want to know what a home is worth in Texas, there are two alternatives. The best choice is to hire an appraisal by a licensed real estate appraiser. The second best choice is to ask a local Realtor® who has access to the most recent homes sales data from the local Multiple Listing Service (MLS).

If you are looking to sell or buy a San Antonio home, we'll be glad to provide our best home value opinion. Contact us if you need one.

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 chat a bit about our wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail 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 or selling needs.

San Antonio CPS Energy Asks All To Conserve Power

All local news media have passed along this 2 August 2011 power conversation request from San Antonio's CPS Energy.

Rate payers are asked to take steps to conserve their electric power usage between the hours of 3:00 P.M. and 7:00 P.M.

Why? The Electric Reliability Council of Texas (ERCOT), warns there is a risk of overloading Texas' power grid because of the extreme heat wave gripping the state. Overloading the grid will necessitate initiating rolling power blackouts throughout the state.

Here's what's recommended:

Turn off unnecessary lights, appliances and electronic equipment.

Set thermostats to 78 degrees or higher.

Use the dishwasher, laundry equipment and other appliances only during non-peak hours, preferably during the late evening and night time hours.

Instead of using high energy consuming ovens and range tops, microwave food whenever possible.

Keep drapes and blinds closed.

More information is available at http://cpsenergy.com

This public service blog is brought to you by 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

August 2011 San Antonio Realty Market Report

2011's very hot and very-very dry San Antonio July has passed.

Because of South Texas' drastic drought, we're lucky the Alamo City can still claim its River City nickname. But tourists and natives need not fear, the San Antonio River is flowing well and the famous River Walk is open for business as usual.

Has the area's unusually arid summer cooked its realty market. Not at all. In fact, compared to the preceding summer seasons, July's closed home sales and August's pending sales reflect a relatively active real estate market for San Antonio and the surrounding communities.

August usually heralds the end of realty high season around here and, based on many years experience, home buyers and sellers can expect to see a cooler, more casual, and less aggressive low season for new and resale home sales.

Will the coming fall and winter season see the market continuing many months of favoring home buyers over sellers?

Perhaps not, because there are increasingly strong indications that the market is drifting toward a more balanced condition.

Specifically, the homes for sale inventory has decreased markedly. That means less competition for sellers and fewer opportunities for buyers.

Also, 2011 has seen the return of the area's typical 2% to 3% home value appreciation rate. That means sellers are less likely to consider low ball offers and more likely to expect a sales price that's closer to their asking price. Consequently, in the near term, buyers can expect to encounter less seller flexibility and harder negotiations.

Clearly, San Antonio has weathered the late great recession very well. The area's past economic and demographic trends and its long term projections reflect a large and vibrant metropolitan area with a strong, stable, and growth oriented personality.

The Alamo City area realty market is expected to follow suit.

That's all for our August 2011 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.

San Antonio Homes For Sale - The Seller's Disclosure

The Seller's Disclosure is a state law requirement. Its purpose is to have the seller tell prospective buyers specified things the seller knows about the property.

Real estate agents are barred by law from helping or even advising the seller about filling out the form. The intent is to keep everyone out of the seller's disclosure preparation process except the person who knows most about the property and that's the seller.

Sometimes the seller will revealed some property defects. Undoubtedly, there will be other unknown defects. There always are - even in newly constructed homes. That's why, when buying a resale home, it's advisable to negotiate for an option period, to get the property professionally inspected during the option period, and to negotiate with the seller for repairs when repairs are called for.

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 chat a bit about our wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail 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 or selling needs.

Things To Do In June In San Antonio

Sometimes it gets hot in and around San Antonio, Bulverde, & the military bases.

Why not take a cool trip to the Witte Museum for

AMAZING AMAZON FAMILY DAY

Saturday, June 11

1 - 4 p.m.

Join your neighbors for an afternoon of hands-on activities for the entire family. Create fish prints, get up close with skin and scales and even design a one-of-a-kind fish during It’s All About Fish; encounter live birds, snakes and more animals of the jungle during Amazon Animals Alive!; and finish the day at Family Fish Tales, storytelling for everyone and an opportunity to tell about the BIG ONE that got away! Included with museum admission.

Supported by a generous contribution from the Boening Corporation.

To learn more about this event and other June 2011 events at the Witte go to

http://www.wittemuseum.org/

Looking to buy or sell a San Antonio area home, visit the number one site for unexcelled realty services.

sanantoniohomequest.com



May 2011 San Antonio Home Sales Report

Where do we go from here?

That's the question on everyone's mind as we approach the height of San Antonio's typical home buying and selling season. Will we have a fantastic realty year like 2006 or will it be a so-so year like 2010?

It's hard to say and we won't know until September, but some things are certain.

Spurred on by the Federal home buyer tax credit programs, San Antonio's home sales market was driven hard during the first quarter of 2010. Homes sold fast - especially lower priced listings. Then, when the credits ended, the market faded hard and fast, leaving 2010 sales ranking low when compared to the previous five years.

Now, the data for the first quarter of this year reveals average to slightly above average home sales activity.
Some analysts see the market picking up significantly during May through July period.

Here's why.

San Antonio's economy is healthy and vibrant.

The nation's 7th largest metropolitan area was only lightly touched by the late Great Recession. Our state and local government policies and military, medical, and service industry activities successfully kept the Alamo City on a stable and steady course through some very choppy economic waters.

Population growth and expansion of the metropolitan area is steady.

San Antonio continues to enhance its reputation as Military City USA. This year, the city is scheduled to receive an influx of new military arrivals as the area's much heralded base realignment and expansion projects are completed.

Arguably, there's no other city in the nation with a larger complex of uniformed services training and intelligence units allied with associated defense research, development, and contracting activities.

Of particular note is the enormous San Antonio Military Medical Center (SAMMC) - the home of the Wounded Warrior Program, center of excellence for military medical education and training, and a major treatment center for our uniformed service members and their families worldwide.

SAMMC has added "The Home of Military Medicine" to the proud list of noble names for San Antonio.

What about the private sector?

Hardly a week goes by without a major corporation announcing plans to relocate to, or expand in, the San Antonio area. Also, there are small business startups or expansions underway in every sector of the city.

Such positive signs of growth and stability bid well for The River City's home buying and selling market.

What about the Alamo City's home loan industry?

Mortgage interest rates remain at historic lows. For those who can qualify, there's no better time than now to acquire a fantastically reasonable mortgage loan.

Who do these conditions favor?

San Antonio's long and strong home buyer's market continues. There's an ample supply of reasonably priced well prepared resale homes. On the other hand, new construction home products are in short supply.

Lender owned and short sale listings are selling particularly well.

As for home sellers, the advantage goes to the sellers most willing to reduce their price expectations and expend the money, time and effort to improve their property's condition and appearance.

That's all for our May 2011 San Antonio realty market report.

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 chat a bit about our 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 or selling needs.

What's Happening In San Antonio Easter 2011 Weekend

Community-Wide Helicopter Easter Egg Drop, Benefiting the San Antonio Food Bank

This special Easter event offers fun for the whole family.  There will be games, inflatables and lots of  giveaways delivered in a special way.

It's on Saturday, Apr 23 9:30 a.m. at Lopez Middle School, 23103 Hardy Oak Blvd, San Antonio, TX 78258.

Imagine!

Just look up in the sky! It’s a bird. It’s a plane. No, it’s a helicopter flying high above the San Antonio skies, ready to unload 30,000 toy and candy-filled eggs onto the grounds of Lopez Middle School.

Admission is free, but guests are asked to bring a non-perishable food item, and the San Antonio Food Bank truck will be on-hand to collect donations. read more

Phone: (832) 381-6848

Age Suitability: All Ages.

Announcement compliments of mysa.com .

Looking to buy or sell a San Antonio area home?  Visit us at sanantoniohomequest.com .

Whats Happening San Antonio - April 16 & 17 Weekend

IT'S FIESTA FINALE TIME

Saturday April 16 8am - 12pm

Fiesta Pooch Parade - Alamo Heights Swimming Pool, 250 Viesca

Saturday April 16 10am - 12pm

King William Fair and Parade - King William Historic District

Saturday April 16 7:45pm - 11pm

Fiesta Flambeau Parade - Downtown

Want to know more?  Go to http://www.fiesta-sa.org/

San Antonio Home Buyers, Sellers, Owners and Visitors Deserve Something Sweet

Are you a tired and weary San Antonio home buyer, seller, or owner, or maybe an Internet visitor to the Alamo City. 

Are you  hankering to cook up a quick and easy desert to top off your evening meal.  Well, we have something special for you.

There's a recipe and accompanying instructional video for a tasty Texas cobbler at today's blog at TexasHomeGirl.blogspot.com . 

Check it out and cook one for yourself.

You won't be disappointed.

 SanAntonioHomeQuest

Realty Solutions Team

Randy and Stephanie Kelley

Realtors®

Keller Williams Legacy

(800) 201-9145

(210) 867-8743 (Stephanie)

(210) 863-2661 (Randy)

kelleybus@aol.com swkrealtor@aol.com

Public Service Reward Program For San Antonio Home Buying

If you are an active duty or retired uniformed services member, a teacher, or government civil service or public service employee, you are eligible for SanAntonioHomeQuest’s Public Service Reward Program .

Our calendar year 2011 program is offered to qualified buyers using our home buyer representation services to close on the the purchase of a newly constructed or resale home on or before 30 April 2011.

San Antonio Home Quest’s Public Service Reward Program is very similar to USAA’s Mover’s Advantage Program.

Here’s what it’s worth to you:

Home Purchase Price       Reward

$1 - $99,999                      $350
$100,000-$149,999            $650
$150,000-$249,999            $950
$250,000-$399,999          $1,250
$400,000+                       $1,550

If you want detailed information about our Public Service Reward Program, please contact a member of our team telephonically, via email, or by filling out the buyer info here (mention Reward Program in Additional Information).

We’re Stephanie and Randy Kelley and Missy McBee, Realtors® , sanantoniohomequest.com at Keller Williams Legacy, San Antonio, Texas. Contact us at (210) 863-2661 for Randy, or (210) 867-8763 for Stephanie, or (210) 288-9810 (se habla español) for Missy, or E-mail us at swkrealtor@aol.com, or kelleybus@aol.com, or missymcbee@kw.com (se habla español). Our broker is Steven Gragg at (210) 482-3200.

Your SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with all your home buying or selling needs.
We look forward to answering your questions about our Public Service Reward Program for buying a San Antonio home.

What Does A San Antonio Home Buyer's Agent Do?

Each month, the SanAntonioHomeQuest.com Realty Solutions Team answers many questions about all things related to homes for sale in the San Antonio area.

Here’s a good one.

Q: What does a home buyer’s agent do?

A:  Things to know about buyer agency:

■The buyer agent’s duty is to represent the buyer by putting the buyer’s interests first in all respects.

■The buyer agent’s role is to find and show properties, advise the buyer regarding acquisition strategies and offering prices, help with the process of obtaining financing, write the offer and associated documents, negotiate the purchase terms and conditions, and generally oversee and facilitate the purchase from inception to closing.

■The buyer agent is typically paid a percentage of the commission that the seller has agreed to pay the listing broker. But the source of the commission isn’t an issue, because legally, professionally, and ethically, the buyers agent represents the buyer, not the seller.

Putting it in simplier terms, the buyer’s agent serves the buyer’s realty needs and protects the buyer’s interests.

We’re Stephanie and Randy Kelley and Missy McBee, Realtors®, sanantoniohomequest.com, 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 chat, please call us at (210) 863-2661 for Randy, or (210) 867-8763 for Stephanie, or (210) 288-9810 (se habla español) for Missy, or E-mail us at swkrealtor@aol.com, or kelleybus@aol.com, or missymcbee@kw.com (se habla español).

Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.

If you have more questions about the role of a a San Antonio home buyer’s agent, please contact a member of our team.

North Central Area San Antonio Home

The sanantoniohomequest.com Realty Solutions Team specializes in helping active duty and retired uniformed services families find and buy quality affordable homes for the best price, terms, and conditions.

Click To See More

This home is listed for $229,000. It’s in the north central San Antonio area, in the highly rated North East Independent School District, and is close to Randolph Air Force Base, Fort Sam Houston and downtown San Antonio. Shopping and entertainment amenities are an easy drive away.

February 2011 San Antonio Real Estate Market Report

"Oh, the times, they are a-changing," - Bob Dylan

Across the nation last year, the business of home buying and selling ran an interestingly changing course. Burdened with excessive foreclosures, rigid mortgage lending requirements, lackluster job markets, sluggish home sales and rapidly falling home values, is it any wonder that home buyers and sellers, not to mention their Realtors®, grew tired of the trials and tribulations of the great recession.

Let's face it. In 2010, were it not for the brief changes brought about by the extension of the Federal Government's Home Buyer Tax Credit Program, the nation's realty market would have likely stayed in deep trouble.

But, not so in San Antonio! The Alamo City closed 2010 having one of the nation's healthiest large metropolitan area realty markets.

Granted, San Antonio's 2010 housing market was pinched a bit by the national economic downturn. Alamo City foreclosures went up and average home values went down in some neighborhoods. Now, in the second month of 2011, signs are favorable for reversing those trends.

Experts say San Antonio real estate sales should remain stable in 2011. All economic factors indicate the area's immediate future is highly favorable for strong economic growth, low unemployment, and the continuing strong infusion of the money and human resources needed to build an even more economically vibrant city. That's great news for home buyers and sellers.

That doesn't mean there might not be some trials and tribulations ahead for San Antonio real estate. Of particular concern, in this second week of February, is the fact that mortgage lending is getting more expensive and tighter. The trend is likely to continue into the summer. Consequently, if you are a prospective home buyer or a home owner thinking of selling your home, it's time to get off the fence and act now before mortgage lending trends disrupt your plans.

If you are a stats lover, here are the relevant market indicators for San Antonio single-family detached homes as of 16 February 2011.

There are 11419 active listings compared to 11324 last year. The inventory is increasing slowly. A plentiful inventory is a good sign for buyers.
The average list price for homes on the market is $252,607 compared to $268,597 last year. The drop in average list price reflects a lowering of seller expectations in the face of economic realities. It indicates a market adjustment favoring buyers over sellers.
The average cumulative days-on-the-market (CDOM) is 186 compared to 170 last year. This is another positive sign for buyers.

Industry analysts agree that these data reflect a market strongly favoring buyers over sellers.

That's all for our February 2011 San Antonio real estate market report.

We're Stephanie and Randy Kelley and Missy McBee, Realtors® , sanantoniohomequest.com 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 chat, please call us at (210) 863-2661 for Randy, or (210) 867-8763 for Stephanie, or (210) 288-9810 (se habla español) for Missy, or E-mail us at swkrealtor@aol.com, or kelleybus@aol.com, or missymcbee@kw.com (se habla español).

Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.

San Antonio Homes For Sale Near Randolph Air Force Base

The sanantoniohomequest.com Realty Solutions Team specializes in helping home buyers find and buy quality affordable homes for the best price, terms, and conditions.

This home is listed for $158,900. It’s in the Cibolo community, in a highly rated school district, and affords easy access to San Antonio, local military bases, major road networks, and shopping and entertainment centers.

Click Here To See More