If you're looking for San Antonio area homes for sale or need advice and assistance with the best way to buy or sell a San Antonio area home, visit us at sanantoniohomequest.com.
Now, here is our May 2012 residential real estate market report for San Antonio, Bexar County, Bulverde, the San Antonio military base areas and the counties around Bexar County.
As we enter May 2012, there’s little need to elaborate on San Antonio’s excellent residential realty market. Many factors have converged to cause what looks like an unusually early peak home selling season. The local and regional economies are being strongly driven upward by the nearby Eagle Ford Shale Oil Boom, tourism and the region's vibrant service and medical industries. Population growth is high and, after being relatively flat during the late Great Recession, home values in most neighborhoods are rising.
Home sellers have responded accordingly as evidenced by a gradual upward creep in the asking price for homes for sale.
Buyer response has been exceptionally good so far, especially for lower to moderately priced homes.
Most realty industry analysts agree that San Antonio’s current home sales environment is much better than last year’s relatively tepid atmosphere. If current trends continue, it will be hard to avoid characterizing his year’s realty market as vibrant.
For those who love stats, here are the key indicators for San Antonio's single family detached home listings as of 8 May 2012.
There are 10,445 active listings, compared to 12,068 one year ago. The inventory is slowly increasing, but not as rapidly as one would expect for the season. That’s a good sign for sellers.
The average sales price for the most recent closings is $193,016, compared to last year's $180,957. The increase in average sales price is a good sign for sellers.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 139 compared to 144 last year. Decreasing CDOM is positive for San Antonio home sellers.
Industry analysts see these data as reflecting a housing market slightly favoring sellers over buyers.
That's all for our May 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® 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 (Randy) or (210) 867-8743 (Stephanie), 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.
Tuesday, May 08, 2012
Thursday, April 19, 2012
Looking to buy or sell a San Antonio home, visit SanAntonioHomeQuest.com.
Licensed/Registered with the State of Texas
Rates
are Trending UP
We've
seen a bit of a roller coaster to rates over the past week, and we've seen rates
improve. However, the technicals show us that we will probably see some of
those gains disappear, and may see rates go up anywhere from .125% to .250% over
the upcoming week or two.
Intraday volatility is not as high as we sometimes see, rates are trending in a more consistent fashion, but that can always change without much notice. For the most up-to-date on rate activity, just reach out and I'll be glad to help you. |
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Cyrena Adams-Durkee
United Lending
Senior Loan Officer
NMLS # 232118
(210) 918-6874
cyrena.durkee@unitedlendingusa.com
HomeLoans2You.com
United Lending a Division of Network Funding NMLS
#2297United Lending
Senior Loan Officer
NMLS # 232118
(210) 918-6874
cyrena.durkee@unitedlendingusa.com
HomeLoans2You.com
Licensed/Registered with the State of Texas
Friday, April 13, 2012
San Antonio Open Houses - Sunday 15 April 2012
This exquisite north Bexar County estate home will be open for viewing on Sunday, 15 April 2012, from 1:00 to 4:00 PM. For more information, visit the detailed description and pictures at sanantoniohomequest.com.
We specializse in providing the finest in realty services. Contact us for more information or an appointment to list a property or to visit any San Antonio area residential listing.
This blog is brought to you by
Stephanie and Randy Kelley, Realtors®
Professional Real Estate Analysts and Negotiators
(210) 863-2661 or (210) 867-8743
The SanAntonioHomeQuest.com Realty Solutions Team
Keller Williams Legacy
San Antonio, Texas
Thursday, April 12, 2012
San Antonio Homes For Sale North East School District
We specialize in providing the finest in realty services for San Antonio area home buyers and sellers. Contact us for more information about how to best buy or sell a home or for an appointment to visit this listing or any residential property for sale in and around San Antonio, Bulverde, and the communities near San Antonio’s military bases.
Brought to you by Stephanie and Randy Kelley, Professional Real Estate Analysts and Negotiators.
(210) 863-2661 or (210) 867-8743
The SanAntonioHomeQuest Realty Solutions Team
Keller Williams Legacy, San Antonio, Texas 78258
Friday, March 30, 2012
BEST SUNDAY & EASTER BRUNCH IN SAN ANTONIO
LOOKING TO BUY OR SELL A SAN ANTONIO, BULVERDE, NORTHERN
BEXAR COUNTY, SOUTHERN COMAL COUNTY HOME, THEN VISIT US AT
Now, here's information about the finest Sunday and upcoming Easter
buffet in the area.
Having trouble viewing the message below?
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Wednesday, March 14, 2012
San Antonio Open Houses - Sunday, 18 March 2012
We specialize in providing the finest in realty services. Contact us for more information or an appointment to list a property or visit any San Antonio area residential listing.
This blog is brought to you by
Stephanie and Randy Kelley, Realtors
Professional Real Estate Analysts and Negotiators
(210) 863-2661 or (210) 867-8743
The http://sanantoniohomequest.com Realty
Solutions Team
Keller Williams Legacy
San Antonio, Texas
Saturday, March 10, 2012
San Antonio Homes For Sale News
Here's the latest San Antonio Homes for sale news from the desk of Steven Gragg, Realty Broker at Keller Williams Legacy, San Antonio, Texas.- Of the top 10 metro areas for job growth through 2020, the United States Bureau of Labor Statistics ranked San Antonio as 10th on the list. The only other Texas city is El Paso - #5.
- Only two U.S. metro areas have had increased home values since 2007. Both are Texas cities - Houston 4.8% rise and San Antonio reported a 2.7% increase.
- The Dow Jones Industrial Average is above 13,000. Great for home buying and selling morale.
- Southwest Airlines plans to bring 322 new jobs to San Antonio.
FHA is boosting the cost of its mortgage fee. The upfront mortgage insurance premium (MIP) will increase 75 basis points, meaning 30 year single family FHA loans will be more costly. It will increase the payment on a typical $150,000 loan by $5 per month. Goes into effect 1 April 2012.
John Nichols at Alterra Mortgage has some great weekend rates. Call (210) 789-2870. Alterra is offering 100% FHA loans.
Go to our website at sanantoniohomequest.com to find San Antonio MLS listings.
We specialize in providing the finest in realty services. Contact us for more information or an appointment to list a property or visit any San Antonio area residential listing.
This blog is brought to you by
Stephanie and Randy Kelley, Realtors
Professional Real Estate Analysts and Negotiators
(210) 863-2661 or (210) 867-8743
The http://sanantoniohomequest.com Realty Solutions Team
Keller Williams Legacy
San Antonio, Texas
Thursday, March 08, 2012
Quality Homes For Sale In San Antonio, Texas
LISTED BY THOMAS FENTRESS, RE/MAX PREFERRED REALTORS®
Looking for a quality, stylish, conveniently located 5 bedroom home in San Antonio's North East Independent School District (NEISD)? Here's the one to see. It's reasonably priced and located in a well maintained neighborhood near some of the area's best shopping, entertainment, and recreation centers. You'll drive only 20 miles to downtown San Antonio via easy accessable major road networks. Go to sanantoniohomequest.com for pictures and detailed information.
Ask us abour your eligibility for our Reward Program For San Antonio Public Service Home Buyers.
We specialize in providing the finest in realty services. Contact us for more information or an appointment to visit this listing or any residential property for sale in San Antonio, Bulverde, and the communities near the area's military bases.
Ask us abour your eligibility for our Reward Program For San Antonio Public Service Home Buyers.
We specialize in providing the finest in realty services. Contact us for more information or an appointment to visit this listing or any residential property for sale in San Antonio, Bulverde, and the communities near the area's military bases.
Brought to you by Stephanie and Randy Kelley, Professional Residential Real Estate Analysts and Negotiators
(210) 863-2661 or (210) 867-8743
The SanAntonioHomeQuest Realty Solutions Team
Keller Williams Legacy, San Antonio, Texas
Sunday, March 04, 2012
March 2012 San Antonio Homes For Sale Report
We’re having an unusually early spring this year in South Texas.
The signs of springtime are abundantly evident all around the Alamo City and the nearby Texas Hill Country and South Texas Plain. Flowers are blooming, birds are singing, and the residential real estate market is going CRAZY!
It’s easy to see why. The area’s economic foundation is exceptionally strong as evidenced recently by San Antonio being ranked by the Bureau of Labor Statistics as being among the top 10 metros with the greatest projected job growth through 2020.
It’s a fact. Texas is currently the Nation’s leading economic powerhouse and San Antonio and South Texas are a major contributor to the state’s economy, growth, and stability. The area’s oil and natural gas fields, health care industry, Air Force and Army complexes, tourist attractions, commercial activities, and service sector are generating historically high demographic and economic growth for the Alamo City and surrounding communities.
A vibrant economy drives home sales. Entering March 2012, average San Antonio area residential list prices are up 6.7% over March 2011, pending sales are up 10.81% and the latest closing prices are up 1.39%.
Remarkably, the homes-for-sale inventory is down 13.15% - the lowest March inventory since 2006. With only a 6.5 months inventory on hand, the home sales market is roughly balanced, offering a negotiation advantage to neither buyer nor seller.
That’s the good news for our March 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® 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 (Randy) or (210) 867-8743 (Stephanie), 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.
The signs of springtime are abundantly evident all around the Alamo City and the nearby Texas Hill Country and South Texas Plain. Flowers are blooming, birds are singing, and the residential real estate market is going CRAZY!
It’s easy to see why. The area’s economic foundation is exceptionally strong as evidenced recently by San Antonio being ranked by the Bureau of Labor Statistics as being among the top 10 metros with the greatest projected job growth through 2020.
It’s a fact. Texas is currently the Nation’s leading economic powerhouse and San Antonio and South Texas are a major contributor to the state’s economy, growth, and stability. The area’s oil and natural gas fields, health care industry, Air Force and Army complexes, tourist attractions, commercial activities, and service sector are generating historically high demographic and economic growth for the Alamo City and surrounding communities.
A vibrant economy drives home sales. Entering March 2012, average San Antonio area residential list prices are up 6.7% over March 2011, pending sales are up 10.81% and the latest closing prices are up 1.39%.
Remarkably, the homes-for-sale inventory is down 13.15% - the lowest March inventory since 2006. With only a 6.5 months inventory on hand, the home sales market is roughly balanced, offering a negotiation advantage to neither buyer nor seller.
That’s the good news for our March 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® 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 (Randy) or (210) 867-8743 (Stephanie), 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.
Thursday, March 01, 2012
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 .
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 .
Sunday, February 12, 2012
Homes For Sale Near Randolph AFB And Ft. Sam Houston
This fine listing comes from David Saenz, Keller Williams Legacy, San Antonio, Texas. It's near Randolph Air Force Base and Fort Sam Houston and close to the major roads leading to downtown San Antonio, New Braunfels, and Lackland AFB. Click to SanAntonioHomeQuest.com to see pictures and specifics.
Contact us for more information or an appointment to visit this listing or any residential property for sale in the neighborhoods around Lackland AFB, Randolph AFB, Medina Annex, Kelly AFB, and Camp Bullis, TX.
Ask us abour your eligibility for our Public Service Reward Program For San Antonio Home Buyers. It could mean up to a $1,550 contribution to your home purchase closing costs.
We are Stephanie and Randy Kelley, Real Estate Analysts and Negotiators
(210) 863-2661 or (210) 867-8743
Keller Williams Legacy, San Antonio, Texas
Saturday, February 04, 2012
February 2012 San Antonio Real Estate Market Report
It's hard to argue with the numbers and everywhere we look the numbers are up for San Antonio's economy and housing market.
Why not?
We're situated at the front gate of the highly lucrative and rapidly growing Eagle Ford shale oil boom.
Each month, we're growing or attracting a diverse mix of new and relocating businesses.
We have a relatively low unemployment rate when compared to America's other large metropolitan areas and the nation in general.
Population growth is steady and well supported by the local economic, health and government services infrastructures.
So, what does such favorable economic news mean for San Antonio home buyers and sellers?
In January, we were seeing signs of an impressive 2012 sales year for both the residential construction and resale housing markets. Now, in early February, thanks to the aforementioned factors coupled with historically low mortgage interest rates, we are experiencing an exceptionally active early winter realty sales season.
Just look! Here's the picture in and around San Antonio as of 4 February 2012:
Reasonably priced and well prepared resale homes are selling exceptionally well and new home builders are responding to better conditions by producing a larger inventory of production homes.
There are 9, 913 homes listed for sale compared to 11,399 one year ago.
The listings inventory is exceptionally low but will likely trend steadily upward as late winter/early spring listings are brought to market.
For the time being, the market has drifted into the 6 months supply range, reflecting a balanced market (a condition not seen in San Antonio for many years). A balanced market favors neither buyers nor sellers.
The average sales price for the most recent closings is $179,728 compared to last year's $187,762.
Nonetheless, closed sale prices are steadily rising - a trend likely to continue through the higher paced late winter/spring and summer home selling seasons. That's a good sign for sellers.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 147 compared to 137 last year. A continuing downward trend is expected. That's a positive sign for home sellers and the San Antonio realty market generally.
Industry analysts see these data as reflecting a basically balanced housing market that is more likely than not to soon favor sellers over buyers.
That's all for our February 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® 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 the wonderful Alamo City, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie), 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.
Why not?
We're situated at the front gate of the highly lucrative and rapidly growing Eagle Ford shale oil boom.
Each month, we're growing or attracting a diverse mix of new and relocating businesses.
We have a relatively low unemployment rate when compared to America's other large metropolitan areas and the nation in general.
Population growth is steady and well supported by the local economic, health and government services infrastructures.
So, what does such favorable economic news mean for San Antonio home buyers and sellers?
In January, we were seeing signs of an impressive 2012 sales year for both the residential construction and resale housing markets. Now, in early February, thanks to the aforementioned factors coupled with historically low mortgage interest rates, we are experiencing an exceptionally active early winter realty sales season.
Just look! Here's the picture in and around San Antonio as of 4 February 2012:
Reasonably priced and well prepared resale homes are selling exceptionally well and new home builders are responding to better conditions by producing a larger inventory of production homes.
There are 9, 913 homes listed for sale compared to 11,399 one year ago.
The listings inventory is exceptionally low but will likely trend steadily upward as late winter/early spring listings are brought to market.
For the time being, the market has drifted into the 6 months supply range, reflecting a balanced market (a condition not seen in San Antonio for many years). A balanced market favors neither buyers nor sellers.
The average sales price for the most recent closings is $179,728 compared to last year's $187,762.
Nonetheless, closed sale prices are steadily rising - a trend likely to continue through the higher paced late winter/spring and summer home selling seasons. That's a good sign for sellers.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 147 compared to 137 last year. A continuing downward trend is expected. That's a positive sign for home sellers and the San Antonio realty market generally.
Industry analysts see these data as reflecting a basically balanced housing market that is more likely than not to soon favor sellers over buyers.
That's all for our February 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® 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 the wonderful Alamo City, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie), 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.
Monday, January 09, 2012
San Antonio VA Home Loans
If you’re looking to buy or sell a San Antonio area home, please visit Randy and Stephanie Kelley’s sanantoniohomequest.com website for the essential advice and assistance you’ll need, including access to our world class realty search engine.
Now, speaking of San Antonio home buying, here is important information about San Antonio VA home loan benefits.
Mortgage interest rates are at historic lows.
Now is the time to get $417,000 or more through your VA Home Loan benefit.
Buy a home or refinance now to:
Lock In A Low Rate and Lower Monthly Payments,
With No Downpayment or PMI Required, Or
To Pay Off Higher-Rate Balances, Or
Pay Off a Second Mortgage
These San Antonio VA Home Loan lenders can help you buy or refinance :
Jamie Spanley
Mortgage Banking Officer
Physician And Other Professional Loan Programs & VA Loans
BBVA Compass Bank, San Antonio
200 Concord Plaza, Ste 600
San Antonio, TX 78216
(210) 370-6028 (office)
(210) 274-5011 (cell)
(866) 491-5619 (fax)
jaime.spanley@bbvacompass.com
Mortgage Banking Officer
Physician And Other Professional Loan Programs & VA Loans
BBVA Compass Bank, San Antonio
200 Concord Plaza, Ste 600
San Antonio, TX 78216
(210) 370-6028 (office)
(210) 274-5011 (cell)
(866) 491-5619 (fax)
jaime.spanley@bbvacompass.com
or
Patrick Fitzgerald
Senior Loan Officer and Military Expert
Prime Lending
(210) 483-4900 (office)
(800) 671-4995 (toll free)
(210) 862-6296 (mobile)
(877) 877-9028 (fax)
Pat@PrimeLending.com
or
J.P. Watkins, Mortgage Broker
True Texas Lending, LLC
9311 San Pedro , Ste 100
San Antonio, TX 78216
Toll Free (1-800) 460-6990
Office: (210) 490-4253
Cell: (210) 837-3006
FAX: (210) 490-7253
Jpwatkins@truetexaslending.com
True Texas Lending, LLC
9311 San Pedro , Ste 100
San Antonio, TX 78216
Toll Free (1-800) 460-6990
Office: (210) 490-4253
Cell: (210) 837-3006
FAX: (210) 490-7253
Jpwatkins@truetexaslending.com
or
Melissa Kulikoff
Sr. Loan Officer
AMCAP Mortgage, Ltd.
Cell: (210) 849-9030
Fax: (210) 957-8535
yourtexaslender@gmail.com
Monday, January 02, 2012
January 2012 San Antonio Realty Market Report
When forecasting housing and other economic trends, it seems no one has a crystal ball. The best the experts can do is look to the present conditions and short term indicators for hints of things to come.
Now, as San Antonio enters the New Year, there are clearly impressive indications that the Alamo City area is likely to see remarkable economic strides - and an interesting housing market - in the coming months.
Who are experts supporting that conclusion?
First, the respected Milliken Institute recently ranked San Antonio as number 1 on its annual list of Best Performing Cities Index. Second, Livability.com ranks San Antonio second among the best 10 places in the Nation for recent college graduates. Third, in an article last July, Forbes Magazine ranked San Antonio as number 4 in its list of the nation's next boom towns. Fourth, Kiplinger Magazine gives San Antonio high rankings as a "best value city." The list goes on and on.
Significantly, the last time San Antonio received such high rankings from so many quarters heralded the city's historic 2006 realty boom. Is it possible that 2012 will see the return of a frantic residential realty market like 2006? It's possible, but not likely, because the nation's slowly progressing economic recovery should check what could otherwise be an overheated 2012 San Antonio realty market.
Nevertheless, as pointed out in our preceding blogs, many favorable factors are converging to make 2012 an exceptional realty year for San Antonio/Bexar County and the surrounding counties and communities.
Specifically, the area's employment rate is high, the population growth is steady, and, compared to other large metropolitan areas, home prices are more reasonable than average. Mortgage rates remain historically low and lenders are aggressively seeking qualified home buyers. The Eagle Ford Shale oil play just south of town is infusing manpower, money, and materiel into the economy and spurring high demand for housing for oil and gas industry workers and their families.
To say the least, there's ample reason to believe that San Antonio's 2012 realty market will be much more active than in any year since 2006.
For data lovers, here's the picture in and around San Antonio as of 2 January 2012:
Reasonably priced and well prepared resale homes are selling exceptionally well and new home builders are responding to better conditions by bringing more new homes into production.There are 9, 598 homes listed for sale compared to 10,984 one year ago. The inventory is exceptionally low but will likely trend steadily upward as New Year listings are brought to market. For the time being, the market has drifted into the 6 months supply range, reflecting a balanced market (a condition not seen in San Antonio for many years). A balanced market favors neither buyers nor sellers.
The average sales price for the most recent closings is $181,030 compared to last year's $190,656. Sales prices are rising - a trend likely to continue through the higher paced late winter/spring and summer home selling seasons. That's a good sign for sellers.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 149 compared to 144 last year. A continuing downward trend is expected. That's a positive sign for home sellers and the San Antonio realty market generally.
Industry analysts see these data as reflecting a housing market slightly favoring seller's over buyers.
That's all for our January 2012 San Antonio realty market report. We encourage reader comments and recommendations about how to make our reports more informative and useful.
Wishing you and yours a Happy New, 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 the wonderful Alamo City, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie), or email us at swkrealtor@aol.com or kelleybus@aol.com. Our http://SanAntonioHomeQuest.com Solutions Team is always ready to help you with your home buying or selling needs.
Now, as San Antonio enters the New Year, there are clearly impressive indications that the Alamo City area is likely to see remarkable economic strides - and an interesting housing market - in the coming months.
Who are experts supporting that conclusion?
First, the respected Milliken Institute recently ranked San Antonio as number 1 on its annual list of Best Performing Cities Index. Second, Livability.com ranks San Antonio second among the best 10 places in the Nation for recent college graduates. Third, in an article last July, Forbes Magazine ranked San Antonio as number 4 in its list of the nation's next boom towns. Fourth, Kiplinger Magazine gives San Antonio high rankings as a "best value city." The list goes on and on.
Significantly, the last time San Antonio received such high rankings from so many quarters heralded the city's historic 2006 realty boom. Is it possible that 2012 will see the return of a frantic residential realty market like 2006? It's possible, but not likely, because the nation's slowly progressing economic recovery should check what could otherwise be an overheated 2012 San Antonio realty market.
Nevertheless, as pointed out in our preceding blogs, many favorable factors are converging to make 2012 an exceptional realty year for San Antonio/Bexar County and the surrounding counties and communities.
Specifically, the area's employment rate is high, the population growth is steady, and, compared to other large metropolitan areas, home prices are more reasonable than average. Mortgage rates remain historically low and lenders are aggressively seeking qualified home buyers. The Eagle Ford Shale oil play just south of town is infusing manpower, money, and materiel into the economy and spurring high demand for housing for oil and gas industry workers and their families.
To say the least, there's ample reason to believe that San Antonio's 2012 realty market will be much more active than in any year since 2006.
For data lovers, here's the picture in and around San Antonio as of 2 January 2012:
Reasonably priced and well prepared resale homes are selling exceptionally well and new home builders are responding to better conditions by bringing more new homes into production.There are 9, 598 homes listed for sale compared to 10,984 one year ago. The inventory is exceptionally low but will likely trend steadily upward as New Year listings are brought to market. For the time being, the market has drifted into the 6 months supply range, reflecting a balanced market (a condition not seen in San Antonio for many years). A balanced market favors neither buyers nor sellers.
The average sales price for the most recent closings is $181,030 compared to last year's $190,656. Sales prices are rising - a trend likely to continue through the higher paced late winter/spring and summer home selling seasons. That's a good sign for sellers.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 149 compared to 144 last year. A continuing downward trend is expected. That's a positive sign for home sellers and the San Antonio realty market generally.
Industry analysts see these data as reflecting a housing market slightly favoring seller's over buyers.
That's all for our January 2012 San Antonio realty market report. We encourage reader comments and recommendations about how to make our reports more informative and useful.
Wishing you and yours a Happy New, 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 the wonderful Alamo City, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie), or email us at swkrealtor@aol.com or kelleybus@aol.com. Our http://SanAntonioHomeQuest.com Solutions Team is always ready to help you with your home buying or selling needs.
Tuesday, December 27, 2011
Best Way To Search For San Antonio Homes For Sale
First, if you’re looking to buy or sell a San Antonio area home, please visit Randy and Stephanie Kelley’s http://sanantoniohomequest.com website for the essential advice and assistance you’ll need, including access to our world class realty search engine.
Now, speaking of realty search engines, here’s something you might consider.
If you’re spending a lot of time surfing the Internet looking for San Antonio area listings be aware that all of the Internet search venues, even including the one at SanAntonioHomeQuest.com, aren’t in real time sync with the local Multiple Listing Service (MLS) because they all rely on periodic MLS uploads to stay current. In fact, some of the popular venues are many hours to days out-of-date.
What's better? A direct San Antonio MLS search is far superior for detail and timeliness.
Even if you’re making your SAn Antonio home purchase next summer or fall, it’s not too early to start receiving detailed MLS listing reports matching your needs and coming to you directly from the San Antonio Multiple Listing Service.
The MLS search engine lets you save promising listings for future reference, and, by the time you start your on-site housing hunt, you’ll be well primed with information about neighborhoods, home styles, builders (yes, you’ll also get occasional listings for new construction homes) and will have a nice list of promising homes to see right away.
There’s one caveat to keep in mind.
Only a Realtor® member of the local MLS can set up a dedicated search for you. So, if you want an ongoing automated MLS search set up in your name, you must call or send an email request to a San Antonio real estate professional of your choice.
Be sure to describe your ideal home in detail because the MLS search is highly flexible and can be exceptionally specific in terms of your home ownership wants and needs. Ask for your search to be set up as soon as possible.
Be prepared to hear back and expect the Realtor® to explain how he or she can serve your consumer interests as your buyer agent. That’s cool, because the majority of home buyers in the San Antonio area are represented by buyer agents and someday you’ll have to decide which agent will best represent you.
The SanAntonioHomeQuest.com Realty Solutions Team will set up a free direct San Antonio MLS search for you without any obligation on your part.
Just describe your ideal home in an email to kelleybus@aol.com or swkrealtor@aol.com or call Randy at (210) 863-2661 or Stephanie at (210) 867-8743.
Saturday, December 17, 2011
Weekend Events, San Antonio, Bulverde, Randolph AFB And Fort Sam Houston
If you’re looking to buy or sell a home in San Antonio, the Bulverde area, or around Fort Sam Houston or Randolph Air Force Base, please visit Randy and Stephanie Kelley’s website for all the advice and assistance you’ll need, including access to our world class realty search engine. You can find us at sanantoniohomequest.com.
Now, for the weekend of 18 and 19 December, 2011, here’s a message from Mike’s In The Village, our favorite North San Antonio, Bulverde, Randolph Air Force Base, and Fort Sam Houston area restaurant:
Dear Friends,
This weekend, try our Roasted Poblano Bisque to start, and then enjoy the Prosciutto & Spinach Stuffed Veal Chop with Pinot Noir pan Jus, the Pan Seared Duck Breast with Raspberry Chipotle Demi or the White Wine Braised Osso Bucco over Creamy Polenta with Gremalatta.
This Saturday, join us on the back porch for live jazz music performed by Phil Grota.
Begin your New Year’s celebration with dinner at Mike’s! We will be serving our regular menu along with some delicious specials from 5 p.m. until 9 p.m. Reservations are suggested, so make yours now by clicking here or calling 830.438.2747.
Mike’s In The Village restaurant and Chef Mike’s Nouvelle Catering are the perfect choice for your holiday catering needs.
Click here for sample menu ideas or call us today for an estimate at(830) 438-2747.
Bon Appétit,Chef Mike
PS- We will be closed Saturday, December 24-Tuesday, December 27th for the Christmas holidays.
Now, for the weekend of 18 and 19 December, 2011, here’s a message from Mike’s In The Village, our favorite North San Antonio, Bulverde, Randolph Air Force Base, and Fort Sam Houston area restaurant:
Dear Friends,
This weekend, try our Roasted Poblano Bisque to start, and then enjoy the Prosciutto & Spinach Stuffed Veal Chop with Pinot Noir pan Jus, the Pan Seared Duck Breast with Raspberry Chipotle Demi or the White Wine Braised Osso Bucco over Creamy Polenta with Gremalatta.
This Saturday, join us on the back porch for live jazz music performed by Phil Grota.
Begin your New Year’s celebration with dinner at Mike’s! We will be serving our regular menu along with some delicious specials from 5 p.m. until 9 p.m. Reservations are suggested, so make yours now by clicking here or calling 830.438.2747.
Mike’s In The Village restaurant and Chef Mike’s Nouvelle Catering are the perfect choice for your holiday catering needs.
Click here for sample menu ideas or call us today for an estimate at(830) 438-2747.
Bon Appétit,Chef Mike
PS- We will be closed Saturday, December 24-Tuesday, December 27th for the Christmas holidays.
Tuesday, December 13, 2011
San Antonio, Texas, FHA Mortgage Loan Limits
If you’re looking to buy or sell a San Antonio area home, please visit Randy and Stephanie Kelley’s website for all the advice and assistance you’ll need, including access to our world class realty search engine. You can find us at sanantoniohomequest.com.
Now, here’s today’s blog article, based on a recent notice from J.P. Watkins, loan officer at SWBC Mortgage Corporation, San Antonio.
J. P. writes that there’s great news for San Antonio area home buyers regarding an increase in FHA loan limits.
The result is that borrowers can once again qualify to buy a higher priced home because the FHA loan limits are higher.
The limits were announced in Mortgagee Letter 2011-39. You can look up the new limits for the San Antonio area and other areas throughout the country by visiting: https://entp.hud.gov/idapp/html/hicostlook.cfm.
The site shows the following limits for home in Bexar County/San Antonio, as of 30 November 2011:
One-Family Home $332,500
Two-Family Home $425,650
Three-Family Home $514,500
Four-Family-Home $639, 400
For more information, please contact JP Watkins Loan Officer, NMLS#220598, at SWBC Mortgage Corporation, 9311 San Pedro, Ste 100, San Antonio, TX 78216 Ph. 210.581.1533 Fx. 210-581-1633 Cell 210.837.3006 Website: www.swbcmortgage.com/watkins
Wednesday, December 07, 2011
December 2011 San Antonio Residential Realty Market Report
The San Antonio residential real estate market is exceptionally active this holiday season!
Early December is typically the low season for realty activity in and around the Alamo city, but this year it's remarkably different.
Many factors are contributing to the unusually active market.
First, because of the area's high employment rate, population growth, and
better than average home prices, San Antonio is viewed as one of the top 10
large metropolitan markets for both home buyers and sellers.
Second, mortgage rates remain historically low and lenders are aggressively
seeking qualified home buyers.
Third, there are positive signs suggesting the national economy is experiencing
a slow, but relatively steady recovery. That factor alone is bringing more
buyers than usual into the market this December.
Forth, the nearby Eagle Ford Shale oil play is spurring housing demand for
thousands of oil and gas production workers and their families.
Those factors are generating a very healthy residential sales environment
wherein reasonably priced and well prepared resale homes are selling
exceptionally well and new home builders are responding to better conditions by bringing more new homes into production.
For those who love stats, here are the key indicators for San Antonio's single
family detached home listings as of 7 December 2011.
There are 10,401 homes for sale compared to 11,694 one year ago. The inventory is exceptionally low, is trending steadily downward, and has drifted
into the 6 months supply range, reflecting a balanced market (a condition not
seen in San Antonio for many years). A balanced market favors neither buyers
nor sellers.
The average sales price for the most recent closings is $176,003 compared to
last year's $193,701. That's an unreliable indicator because the large number
of lower priced properties sold in 2009 & 2010 under the Federal tax
incentive programs temporarily depleted the lower priced home market. An
analysis of longer term data indicates the absence of any significant sales
price appreciation since 2007. That's a good sign for buyers.
Early December is typically the low season for realty activity in and around the Alamo city, but this year it's remarkably different.
Many factors are contributing to the unusually active market.
First, because of the area's high employment rate, population growth, and
better than average home prices, San Antonio is viewed as one of the top 10
large metropolitan markets for both home buyers and sellers.
Second, mortgage rates remain historically low and lenders are aggressively
seeking qualified home buyers.
Third, there are positive signs suggesting the national economy is experiencing
a slow, but relatively steady recovery. That factor alone is bringing more
buyers than usual into the market this December.
Forth, the nearby Eagle Ford Shale oil play is spurring housing demand for
thousands of oil and gas production workers and their families.
Those factors are generating a very healthy residential sales environment
wherein reasonably priced and well prepared resale homes are selling
exceptionally well and new home builders are responding to better conditions by bringing more new homes into production.
For those who love stats, here are the key indicators for San Antonio's single
family detached home listings as of 7 December 2011.
There are 10,401 homes for sale compared to 11,694 one year ago. The inventory is exceptionally low, is trending steadily downward, and has drifted
into the 6 months supply range, reflecting a balanced market (a condition not
seen in San Antonio for many years). A balanced market favors neither buyers
nor sellers.
The average sales price for the most recent closings is $176,003 compared to
last year's $193,701. That's an unreliable indicator because the large number
of lower priced properties sold in 2009 & 2010 under the Federal tax
incentive programs temporarily depleted the lower priced home market. An
analysis of longer term data indicates the absence of any significant sales
price appreciation since 2007. That's a good sign for buyers.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 139 compared to 144 last year. A continuing downward trend is expected. That's apositive sign for home sellers and the San Antonio realty market generally.
Industry analysts see these data as reflecting a housing market slightly
favoring seller's over buyers.
That's all for our December, 2011, San Antonio realty market report.
We encourage reader comments and recommendations about how to make our reports more informative and useful.
Wishing you a merry Christmas and Happy New, 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, are looking to buy or sell a San Antonio home, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie), 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.
Wishing you a merry Christmas and Happy New, 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, are looking to buy or sell a San Antonio home, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie), 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.
Tuesday, November 22, 2011
Construction Update - US 281 Loop 1604 Interchange
The US 281/Loop 1604 interchange construction project is well into its eight month. Long awaited and sorely needed, the completed interchange is projected to relieve the chronically congested traffic conditions on one of the area's most heavily travelled highways.The project is truly a "pardon our improvements" situation. Motorists have cause to be aggrevated by the rerouting of construction area access roads, periodic traffic stoppages, delays caused by heavy equipment moving materials and reconfiguring the right-of-way, and the much lower and slower construction zone speed limit. Everyone wants to know what's happening now, what's next, and when will it all end.
The Alamo Regional Mobility Authority has developed a number of ways to keep citizens up-to-date and in tune with road project developments. According to Leroy D. Alloway, the Authority's Director of Community Development, you can visit these sites for the US 281/Loop 1604 interchange construction news:
Visit http://www.alamorma.org/ for daily closure announcements.
Go to http://www.facebook.com/AlamoRMA.
Go to http://www.twitter.com/AlamoRMA .
Get instant telephonic text messages by texting "follow AlamoRMA" to 40404 .
This blog is brought to you by the http://sanantoniohomequest.com/ Realty Solutions Team. If your're looking for San Antonio homes for sale, visit our world class search engine at:
http://www.sanantoniohomequest.com/ext-search-listings.asp
If you have questions about San Antonio living, real estate, mortgage loans, or anything realty, call Randy Kelley at (210) 863-2661 or Stephanie Kelley at (210) 867-8743 or enter your question at sanantoniohomequest.com/resources-ask-anything.asp . We'll answer as soon as possible.
Monday, November 14, 2011
How To Get The Cleanest Windows In San Antonio
The SanAntonioHomeQuest.com team provides realty solutions, and they're not limited to buying or selling your San Antonio home. Sometimes we see a home maintenance need that needs addressing - like how to get the cleanest windows in San Antonio.
Believe me, having lived in San Antonio so many years, I'm confounded by the gunk clouding my home's windows. I'm certain I've tried every window cleaning product, including some "as seen on TV." You know, the one not found in stores, but already on the "As Seen On TV" shelf up the street at Walgreens. I guess Walgreens isn't a store - huh?
I digress -- back to my point. It is truly hard to keep your San Antonio home's eyes bright and shiny.
But, there's a homemade formula that works better than anything we've found in the stores and we are sharing it with you at our Texas Home Girl sister site. Give her a click and learn the right formula to combine hot water, ammonia, vinegar, and alcohol (no -- not in yer mouth -- in yer wash pail), to whisk away San Antonio window crud.
This helpful hint blog is brought to you by the SanAntonioHomeQuest.com Realty Solutions Team. We're the best - leave the rest.
If you're looking to buy a San Antonio, Bulverde, or military base area home, go here for our world class listings search engine.
Believe me, having lived in San Antonio so many years, I'm confounded by the gunk clouding my home's windows. I'm certain I've tried every window cleaning product, including some "as seen on TV." You know, the one not found in stores, but already on the "As Seen On TV" shelf up the street at Walgreens. I guess Walgreens isn't a store - huh?
I digress -- back to my point. It is truly hard to keep your San Antonio home's eyes bright and shiny.
But, there's a homemade formula that works better than anything we've found in the stores and we are sharing it with you at our Texas Home Girl sister site. Give her a click and learn the right formula to combine hot water, ammonia, vinegar, and alcohol (no -- not in yer mouth -- in yer wash pail), to whisk away San Antonio window crud.
This helpful hint blog is brought to you by the SanAntonioHomeQuest.com Realty Solutions Team. We're the best - leave the rest.
If you're looking to buy a San Antonio, Bulverde, or military base area home, go here for our world class listings search engine.
Thursday, November 10, 2011
Loan Prequalification And Down Payment For San Antonio Homes For Sale
The SanAntonioHomeQuest.com Realty Solutions Team loves to answer questions about buying and selling homes. Here's the latest one.Question: How do I get pre-qualified and what is a good down-payment for a home?
Our Answer: If you are just wanting to get an idea, you could use the link below for some general information:
http://cgi.money.cnn.com/tools/houseafford/houseafford.html
If you are seriously considering purchasing, you will want to visit with a loan officer that you feel you can trust. Your agent might recommend one or you could ask friends to suggest someone with whom they have had a good experience. You could also visit your personal bank or credit union.
A pre-qualification should not cost you anything. A pre-approval is often required when you are ready to make an offer and that will usually have the cost of a loan application and credit check. The pre-qual is enough to get started in most areas, but there will be a point where you need approval.
The down payment is variable and is different from your earnest money. How much you choose to put down (along with other things) can affect the interest rate. If you are VA eligible, or qualify for a USDA financing, you may get by with 00 down payment. FHA will require 3.5 percent down. A conventional loan will vary and can run anywhere from 5% to as much as you want to put down. Many people choose 20% down on a conventional loan to avoid private mortgage insurance (PMI).
A good agent and/or a good loan officer will guide you through this maze? Good luck!
If you're looking for San Antonio homes for sale, visit our world class search engine at
http://www.sanantoniohomequest.com/ext-search-listings.asp.
Brought to you by the SanAntonioHomeQuest.com Realty Solutions team. If you have a question about San Antonio, real estate, mortgage loans, anything realty -- go here -- and we'll get back to you with our answer as soon as possible.
Monday, November 07, 2011
November 2011 San Antonio Homes For Sale Report
If you're visiting to find homes for sales in San Antonio, visit our world class realty search engine at SanAntonioHomeQuest.com. If you want to know what's happening in the residential realty market, read on:It's autumn in South Texas. Bright beautiful days, balmy afternoons, and cooler nights herald the approaching holiday season. Residents and tourists are out and about, delighting in San Antonio's most pleasant season.
Typically, San Antonio's residential realty market cools down with the season. It's to be expected because San Antonio's realty market runs in a predictable seasonal cycle. The lowest sales month is January, the higher sales season kicks off in March and usually peaks in June, and, after school starts in August, the market draws down in a leisurely fashion through the fall and early winter.
So far, this year's cycle has been typical, with one exception. The area has experienced a significant reduction the homes-for-sale inventory.
Currently there's approximately a 7 months supply of homes on the market - signifying a weak buyer's market. If the supply drops much lower, the market will experience a balanced market neither favoring buyers or sellers and likely causing a gradual rise in home prices.
Balancing the market is a healthy trend indicative of improving economic conditions. That's unquestionably the case in San Antonio this year.
Here's why.
Job growth is excellent and the unemployment rate is relatively low. Just south of the city, the developing Eagle Ford shale oil field is attracting new businesses and generating thousands of new job opportunities throughout South Texas. Also, the Alamo City's traditional economic generators remain strong with financial, service sector, military, bioscience, and medical establishments leading the way and showing no signs of weakening.
Barring unforeseen factors, San Antonio's realty market will likely mirror San Antonio's vibrant economic conditions - strong, resilient, & growing.
Here are the relevant market stats for San Antonio area single-family detached homes as of 5 November 2011.
There are 10771 active listings, compared to 12072 one year ago. The inventory is decreasing very rapidly. That's a good sign for home sellers.
The average sales price for the most recent closings is $181,243, compared to last year's $183,131. Because the decrease is likely seasonal and not indicative of a long term trend, it's neither a good nor bad sign for buyers or sellers.
Average cumulate-days-on-the-market (CDOM) for the most recent sales is 146 compared to 126 last year. For the time being, CDOM data remains positive for San Antonio home buyers.
Industry analysts see these data as reflecting a housing market moving toward balanced conditions. That means the market might soon favor neither buyers nor sellers.
That's our November 2011 San Antonio realty market report. We encourage reader questions, comments, and suggestions for making this monthly report more relevant and informative.
Wishing you an wonderful November and a blessed Thanksgiving, we are Stephanie and Randy Kelley, Realtors ® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to chat, please call (210) 863-2661 or (210) 867-8743 or send an email to swkrealtor@aol.com or kelleybus@aol.com. Our http://sanantonohomequest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
Friday, October 28, 2011
Things To Do San Antonio Texas Halloween 2011
If you are looking to buy or sell a haunted or not-haunted San Antonio home, visitour world class listings search engine
otherwise, pass on (he.he) to the Texas Home Girl's report of things to do on Halloween in San Antonio. The Home Girls's report is found here:
Halloween In San Antonio
Thursday, October 27, 2011
Free San Antonio Halloween Events - Witte Museum
IF YOU ARE LOOKING TO BUY OR SELL A SAN ANTONIO AREA HOME, VISIT
Monday, October 24, 2011
Rent And Sale Prices In San Antonio Could Signal A Buyer's Swing
The following very excellent and timely article is written by Kala Bell, our guest blogger from the University of Michigan. In most housing markets, the fall and winter months can often signal a slow period for both buyers and sellers. With the holidays approaching, many families often get locked in and restart their search after the New Year begins. While this may often be true, trends and statistics often help to determine the market. Buyers who are on the fence are looking to reap the benefits of good trends and the San Antonio area offers up some appealing figures for buyers as October draws to a close.
The numbers for rentals in San Antonio are in for the fall season and they are telling for interested buyers. Right now, San Antonio apartments are averaging $758 per month. This is a 2.4 percent increase from the rent averages in late 2010. Rentals in the area are at 93.5 percent occupancy, which signals low rental inventory and the possibility for even more rising rental rates.
With the rental rates up in San Antonio, potential buyers who are on the fence could certainly be tempted to pull the trigger on a possible new home. Median price in the area is also certain to have an effect on the feelings of potential buyers. Sale prices are down about 3 percent from 2010. In September, the median sale price in San Antonio was $183,762.
Also in September, the San Antonio housing sales numbers were very promising. An eight percent increase in sales over 2010 reflects an area market that could be primed for resurgence. Buyers can take note of the record low mortgage rates throughout the nation and in San Antonio, specifically. A 30 year, fixed rate mortgage is now as low as 3.94 percent, marking the first time a 30 year has dropped below 4 percent.
Inventory has been down for homes as well, however the average time on the market has gone up for homes. The market has stayed pretty steady in the San Antonio area for the past year. This is a good sign, as many other areas throughout the nation have taken catastrophic hits in the same time period. The San Antonio area, as well as other major Texas hubs should continue to do well as many places in the country experience issues. With this area often driven by the oil industry, the region seems to be better off, especially when it comes to unemployment.
The San Antonio real estate market should continue to stay steady with the possible hope for a full bounce back some time 2012. The numbers from January to September of 2011 are telling, signaling a hopeful resurgence in the late months of the year and early part of 2012.____________________________________________________
Thanks Kala for your excellent analysis and thought provoking blog article. We look forward to hearing from you again very soon.
This blog is brought to you by Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas. We are professional residential realty analysts and negotiators. If you're looking to buy or sell a home, our goal is to help you get the best price, terms, and conditions. Visit us at sanantoniohomequest.com.
Saturday, October 01, 2011
October 2011 San Antonio Real Estate Market Report
Like the weather, San Antonio's realty "hot season" typically ends in September. In October, falling leaves and falling temperatures are accompanied by falling home sale activity.
It's to be expected. San Antonio's realty market runs in a predictable seasonal cycle. The lowest sales month is January, the higher sales season kicks off in March and usually peaks in June, and, after school starts in August, the market draws down in a leisurely fashion through the fall and early winter months. Interestingly, some years see a spike in activity in late October and early November. Will that happen this year? It remains to be seen.
So far, this year's cycle has been typical, albeit sales volume has been unusually modest due to the influence of the continuing national economic malaise.
Barring the return of a full-blown recession, industry analysts see little reason to be concerned about San Antonio's economic health.
Why?
The area's job growth is excellent. Its unemployment rate is relatively low. Corporations are relocating to the area. Just south of the city, the developing Eagle Ford shale oil fields are fueling an economic boom. The Alamo City's financial, service sector, military, bioscience, and medical establishments are strong and fully capable of providing the stable economic environment needed to encourage and sustain small and large business development.
Looking at real estate specifically, local analysts are confident that, barring unforeseen factors, San Antonio's realty market will breeze through the expected seasonal cool-down and come back even stronger in the spring.
Here are the relevant market stats for San Antonio area single-family detached homes as of 1 October 2011.
There are 10974 active listings, compared to 12495 one year ago. The inventory is decreasing very rapidly. That's a good sign for home sellers.
The average sales price for the most recent closings is $188,836, compared to last year's $188,411. The very small increase in average sales price is insignificant and, therefore, neither a good nor a bad sign for sellers or buyers.
Average cumulate-days-on-the-market (DCOM) for the most recent sales is 135 compared to 123 last year. For the time being, CDOM data is positive for San Antonio home buyers.
Industry analysts see these data as reflecting a housing market slowly drifting toward balanced conditions. That means the market neither favors buyers nor sellers.
That's our October 2011 San Antonio realty market report. We encourage reader questions, comments, and suggestions for making this monthly report more relevant and informative.
Wishing you an wonderful October 2011, we are Stephanie and Randy Kelley, Realtors ® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to chat, please call (210) 863-2661 or (210) 867-8743 or send an email to 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.
Thursday, September 29, 2011
Texas Home Buyer Two Steps Around Her Agent
This is a re-blog of a recent posting on the very interesting texashomegirl.blogspot.com site.
It gives some insight into one of the trials and tribulations of working as a home buyer's agent.
I think people tend to forget that the buyer's agent is essentially the buyer's employee. This blog is presented here to in an effort to make readers sensitive to the significance of that relationship and to encourage everyone employing a buyer's agent to follow the golden rule.
Here's the blog:
A friend stopped by the Home Girl's office yesterday. She was terribly upset because a client that she had worked with for over a decade was terminating their agency agreement.
It's painful to be fired. Ask any number of the currently unemployed who have been terminated or laid off due to downsizing and the lousy economy.
Sometimes the termination is justifiable because of the employee's actions or non-actions, and sometimes not so much. But, no matter the cause, the sick feeling in the pit of the stomach is right there, a tight, nauseating knot that lasts for days. Even when the termination makes sense, it hurts.
In the private sector, employees are paid for their services. If an employee is not paid for work performed, then a complaint can be filed for theft of services. Governor Perry signed SB 1024 eliminating a loophole that previously existed for a criminal theft of service charge. Under prior law, a party obtaining services from another under a promise to pay could avoid a criminal charge of theft of service so long as the party was making minimal payments. Read more here:
My colleague did not have such recourse. The buyer felt she had "found" her home without assistance.
- She failed to take into consideration the hours that were spent setting up searches using specific criteria requested by the buyer.
- She did not take into consideration the number of homes that had already been shown to her.
- There was no accounting for time spent researching property values in communities in which she had expressed an interest.
- No mention was made for reimbursement of travel or gas expenses.
This is just a partial list. The buyer just didn't understand or care what her friend and agent was doing on her behalf, spending considerable time (and time is money) and concentrated effort.
This agent is sharp. Had the buyer mentioned that she was not finding her desired home, that her needs had changed, then the search would have been tweaked and more homes may have been available. There was a signed buyer agency agreement and an established relationship of many years.
Instead of communicating her wishes to her agent, the buyer called another agent to show her a property. Kind of like a first date with somebody when you are married to somebody else. I guess the showing agent didn't ask the right questions (are you working with an agent?), had no ethics, or the buyer answered "not really."
When I receive a sign call and ask "are you working with an agent" and the potential buyer answers "not really," I usually cringe and then proceed to lose the lead by saying something intelligent like, "Seriously? What does that mean? Not really? Do you or do you not have an agent?"
These questions are not an effort to be lazy, to not show my own listings, but are used as an effort to be ethical, to respect the efforts that another agent has invested into his or her client, and to avoid the confusion caused by an existing buyer's agency agreement versus the procuring cause argument that will probably be offered by the agent that showed the one property that my friends client "found."
As Realtors, we have an obligation to be ethical. Customers are under no obligation to share in that responsibility, but clients have signed an agreement to be loyal. It just seems to me that you got to dance with who brung ya, and if you don't want that, then break up before the dance begins.
Post Script: I was able to visit with my colleague today to see how things were going. It turns out that she did have a conversation with the "new" buyer's agent. The agent did ask the questions, but the answer was the usual - not really, not a signed agreement. (I guess the buyer forgot - hummmm). The new agent has offered to pay a referral fee to my colleague. I don't really think this is a win-win. I am happy that my friend is getting a little compensation. My opinion of her former client is not so great, slightly better of the other agent, but now I am the one with a sick feeling in my stomach and I don't feel like dancing with anybody.
Many thanks to Stephanie Kelley, the author of the preceding blog at http://texashomegirl.blogspot.com/ .
If you want to know more about buyer agency relationships, need information about homes for sale in the San Antonio area, or want advice about how to best go about finding and buying a residential real estate property, please contact a member of the http://sanantoniohomequest.com/ Realty Solutions Team at (210) 863-2661 or (210) 867-8743 or kelleybus@aol.com or swkrealtor@aol.com.
Monday, September 26, 2011
Free Calls Home From Gmail For All U.S. Service Members
The Gmail program has recognized and honored our service members by providing an excellent way for uniformed service personnel to call home. Read more on their blog –
This blog is brought to you by the SanAntonioHomequest.com Realty Solutions Team. We are Stephanie Kelley, Realtor® - (210) 867-7843 / swkrealtor@aol.com and Randy Kelley, Realtor® - (210) 863-2661 / kelleybus@aol.com - residential realty analysts and negotiators at Keller Williams Legacy. If you're looking to buy or sell a San Antonio, Texas, area home, our goal is to help you get the best terms, price, and conditions.
Friday, September 23, 2011
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:
Mike's In The Village 2355-3 Bulverde Rd. Bulverde, TX 78163 -- 800 438-2747
THE ARTS & MUSEUMS:
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.
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:
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.
Wednesday, September 14, 2011
San Antonio Homes For Sale Today
It’s a lovely 14 September 2011 in San Antonio.
It’s still hot and dry but a cool front is approaching and there’s a chance we’ll see relief from our protracted heat wave and drastic drought conditions. That’s great news for the weather weary citizens of the River City.
There’s also good news for home owners and buyers. The area’s realty market is unusually active for this time of the year.
Sellers should be pleased to hear that pending home sale closings are up and the inventory of available homes is down. That means less competition.
Buyers should be happy to learn that the mid-price for homes for sale hasn’t changed much from last year’s median sales price.
Both home sellers and buyers should know that the market is drifting toward a balanced condition neither favoring buyers nor sellers.
Here’s a simple summary of San Antonio’s single family detached housing market today:
There are 11250 listings.
There 1908 home sale contracts scheduled to close soon.
The average list price of pending sales is $186,626.
The median sold price for recent sales is $149,995.
Homes are selling for 96% of their list price.
It’s taking about 132 days to sell a house. Of course, many well prepared homes are selling much quicker.
That’s all for today’s report.
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
Friday, September 09, 2011
Least And Most Expensive Homes For Sale In San Antonio
$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.
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.
Friday, September 02, 2011
San Antonio Jobs For Veterans
This information is found in the fall 2011 edition of the USAA Magazine. CivilianJobs.com has identified 35 of the country's most veteran friendly employers. USAA (United Services Automobile Association) made the list in San Antonio. For available jobs in the company's financial services sector, go to: www.usaa.apply2jobs.com/profext/careers.html .
Why is USAA is on the list?
In 2010, more than 25 percent of USAA's new hires were military veterans or military spouses - and 20 percent of its 22,000-plus employees are former military.
USAA is only one of many fine businesses seeking military veterans, members of their families, and non-veteran personnel for employment in the San Antonio area's vibrant economy. The Alamo City is a wonderful place to work and live; so, if you're looking to relocate to or within San Antonio or to buy or sell a San Antonio home, please contact the SanAntonioHomeQuest.com Realty Solutions Team.
Our team is Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. Please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com . The SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs and to answer your questions about life in San Antonio.
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