A place to learn about, ask about, and talk about anything and everything related to San Antonio, Texas, real estate.
Thursday, October 18, 2012
8 October 2012 San Antonio Homes For Sale News
Here's your 8 October 2012 San Antonio Homes For Sale News.
According to a recent press release from the San Antonio Board of Realtors® (SABOR), September 2012 home sales are up in the San Antonio area. Dropping mortgage rates are cited as the main reason for a 7 percent increase in September sales when compared to September 2011.
Average and median home sale prices have also increased 2 percent from last year.
Citing the press release, "From January through September, 15,175 homes have sold, campared to to the same perion in 2011 where only 13,861 homes were sold. In addition, last month closed with 9,685 active listings and 1,378 pending sales."
Industry analysts see 9,685 homes for sale to be an unusually low inventory for San Antonio for this time of the year.
For more information, see the press release at http://www.sabor.com/images/stories/mls/0912stat-release.pdf
If you're looking to buy or sell a San Antonio area home, contact Randy Kelley (210) 863-2661 or Stephanie Kelley (210) 863-2661. The Kelleys are members of the sanantoniohomequest.com Realty Solutions Team, Keller Williams Legacy, San Antonio, Texas. With over 30 years of combined real estate marketing and buyer representation experience, the Kelleys offer you the very best of San Antonio realty services.
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Tuesday, October 09, 2012
October 2012 San Antonio Residential Real Estate Market Report
It's remarkable.
October 2012 finds the San Antonio area to have one of the brightest and busiest large metropolitan realty markets in the United States.
According to a press release from San Antonio Board of Realtors® (SABOR), the Alamo City and surrounding communities experienced a late summer residential "buying spree" that could possibly extend into what is usually the slower fall home sales season.
According to Liza Reyes, SABOR Chairman of the Board, the August 2012 sales figures are remarkable in that they are the highest for both the year and the last four years.
Why? Quoting Ms. Reyes, " Mortgage interest rates have been at record lows this year and the majority of homes are selling for their list prices, making it a prime market for both buyers and sellers."
The only potential downside is an unusually low inventory of homes for sale, portending the possibility of an extended strong seller's market until listings pick up in late winter and spring.
Here are the important market indicators for single family detached home sales as of 9 October 2012.
There are 9697 active listings, compared to 10962 one year ago. As mentioned, the inventory is exceptionally low and decreasing very rapidly. That's a good sign for home sellers.
The average sales price for the most recent closings is $192,827, compared to last year's $190,238. The increase in average sales price is reflective of market strength and the relative scarcity of homes for sale. That's also a good sign for sellers.
Average cumulate-days-on-the-market (CDOM) for the most recent sales is 112 compared to 133 last year. For the time being, CDOM data is positive for sellers.
Industry analysts see these data as reflecting a residential sales market that favors sellers over buyers. Nonetheless, buyers shouldn't be discouraged because interest rates are low and quality San Antonio homes remain highly affordable and a real bargain compared to homes in other large cities.
That's all for our October 2012 San Antonio residential realty market report. We encourage reader questions, comments, and suggestions for making this monthly report more relevant and informative.
We're Stephanie and Randy Kelley, Realtors® at 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.
October 2012 finds the San Antonio area to have one of the brightest and busiest large metropolitan realty markets in the United States.
According to a press release from San Antonio Board of Realtors® (SABOR), the Alamo City and surrounding communities experienced a late summer residential "buying spree" that could possibly extend into what is usually the slower fall home sales season.
According to Liza Reyes, SABOR Chairman of the Board, the August 2012 sales figures are remarkable in that they are the highest for both the year and the last four years.
Why? Quoting Ms. Reyes, " Mortgage interest rates have been at record lows this year and the majority of homes are selling for their list prices, making it a prime market for both buyers and sellers."
The only potential downside is an unusually low inventory of homes for sale, portending the possibility of an extended strong seller's market until listings pick up in late winter and spring.
Here are the important market indicators for single family detached home sales as of 9 October 2012.
There are 9697 active listings, compared to 10962 one year ago. As mentioned, the inventory is exceptionally low and decreasing very rapidly. That's a good sign for home sellers.
The average sales price for the most recent closings is $192,827, compared to last year's $190,238. The increase in average sales price is reflective of market strength and the relative scarcity of homes for sale. That's also a good sign for sellers.
Average cumulate-days-on-the-market (CDOM) for the most recent sales is 112 compared to 133 last year. For the time being, CDOM data is positive for sellers.
Industry analysts see these data as reflecting a residential sales market that favors sellers over buyers. Nonetheless, buyers shouldn't be discouraged because interest rates are low and quality San Antonio homes remain highly affordable and a real bargain compared to homes in other large cities.
That's all for our October 2012 San Antonio residential realty market report. We encourage reader questions, comments, and suggestions for making this monthly report more relevant and informative.
We're Stephanie and Randy Kelley, Realtors® at 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.
Sunday, September 02, 2012
September 2012 San Antonio Realty Market Report
Like the weather, San Antonio's residential realty market "hot season" typically cools off in September.
Basically, the area's residential realty market runs in a predictable seasonal cycle. The lowest sales month is usually January, the "high" 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.
This year, however, San Antonio home sales might break the seasonal sales pattern, in fact, we speculated at the beginning of August that the area's high sales season might last well into the fall. Now, in early September, there are strong indications that might be the case.
Here are the relevant factors.
The San Antonio metropolitan area is currently recognized as having one of the nation's most active home sales markets.
Why?
The area's job growth is excellent. Its unemployment rate is relatively low. Businesses are expanding in, or 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.
Economy drives homes sales and San Antonio's economy is hot, therefore, realty analysts are confident that, barring unforeseen factors, San Antonio's realty market will simply breeze through fall and winter and come back even stronger in the spring.
So, let's look at the implications for the Alamo City's home sellers and buyers.
Here are the important market single family detached home sales indicators as of 2 September 2012.
There are 10067 active listings, compared to 11459 one year ago. The inventory is exceptionally low and decreasing very rapidly. That's a good sign for home sellers.
The average sales price for the most recent closings is $202,901, compared to last year's $187,129. The increase in average sales price is significant and reflective of the relative scarcity of homes for sale. That's also a good sign for sellers.
Average cumulate-days-on-the-market (CDOM) for the most recent sales is 118 compared to 130 last year. For the time being, CDOM data is positive for sellers.
Industry analysts see these data as reflecting a residential sales market that decidedly favors sellers over buyers. Nonetheless, buyers shouldn't be discouraged because quality San Antonio homes remain highly affordable and areal bargain compared to homes in other large cities.
That's our September 2012 San Antonio realty market report. We encourage reader questions, comments, and suggestions for making this monthly report more relevant and informative.
We're Stephanie and Randy Kelley, Realtors® at 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.
Saturday, August 25, 2012
Best Places To Eat In San Antonio & Bulverde
If you're looking to buy or sell a San Antonio area home, visit us at
Now, here's a message from one of the best places to eat in the north
San Antonio and south Comal County area:
Now, here's a message from one of the best places to eat in the north
San Antonio and south Comal County area:
| Dear Friends, Join us for our Tomato Basil soup special, our Roast Chicken and Smoked Gouda Quesadilla entree special, our Spinach, Artichoke and Cheese Stuffed Chicken Breast over Angel Hair entree special and our Slow Cooked Baby Back Ribs entree special. Saturday, stop by and enjoy live music performed by Jerry Bailey. Sunday, join us for our brunch featuring Beef Lasagna, King Ranch Chicken, a salad bar, sides and so much more! The price for a child’s buffet (under 10) is $6.00 and an adult buffet is $12.95. Get your voice heard! San Antonio Magazine is having their 7th annual “Best of the City.” Let everyone know how great you think Mike’s food/desserts/patio are. Vote for us in one category or more! Vote by September 30th to have your opinion counted. Click here to vote. Bon Appétit, Chef Mike PS- We will be featured on Groupon Friday-Tuesday. Make sure to take advantage of these great deals! |
Friday, August 03, 2012
August 2012 San Antonio Residential Realty Market Report
It's August 2012 and it seems everything is unusually hot in San Antonio
including the climate, the area's thriving economy and the Alamo City's
residential real estate market.
There's little reason to elaborate on the good news because it has been reported by local and national media for weeks. Simply, the area's economy, demographic trends, and favorable long term growth projections reflect a large and vibrant metropolitan area with a strong, stable, and growth oriented personality.
So, is it any wonder that San Antonio is presently experiencing its most active real estate market in the last four years? Home sales are dramatically up, home values are returning to pre-recession levels, and the market has shifted to a balanced market favoring neither buyers nor sellers. And here's something of note. Because the inventory of homes for sale is unusually low, some analysts believe conditions are trending toward a seller's market for the entire San Antonio metro area and surrounding counties.
That means home sellers will expect to see offers close to their asking price and buyers can expect to encounter less seller flexibility and harder negotiations.
Historically, August heralds the end of San Antonio's realty sales high season, but, this year, it's not at all certain that home buyers and sellers will see a cooler, more casual, and less aggressive fall realty market. Only time will tell, but, in light of this year's exceptional activity, a protracted residential sales high season is a distinct possibility for San Antonio.
That's the good news for our August 2012 San Antonio realty market report. We encourage reader comments and recommendations about how to make our reports more informative and useful.
We're Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio area realty or mortgage loan advice or assistance, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or email us at swkrealtor@aol.com or kelleybus@aol.com. Our sanantoniohomequest.com Realty Solutions Team is always ready to help you with your home buying and selling needs.
There's little reason to elaborate on the good news because it has been reported by local and national media for weeks. Simply, the area's economy, demographic trends, and favorable long term growth projections reflect a large and vibrant metropolitan area with a strong, stable, and growth oriented personality.
So, is it any wonder that San Antonio is presently experiencing its most active real estate market in the last four years? Home sales are dramatically up, home values are returning to pre-recession levels, and the market has shifted to a balanced market favoring neither buyers nor sellers. And here's something of note. Because the inventory of homes for sale is unusually low, some analysts believe conditions are trending toward a seller's market for the entire San Antonio metro area and surrounding counties.
That means home sellers will expect to see offers close to their asking price and buyers can expect to encounter less seller flexibility and harder negotiations.
Historically, August heralds the end of San Antonio's realty sales high season, but, this year, it's not at all certain that home buyers and sellers will see a cooler, more casual, and less aggressive fall realty market. Only time will tell, but, in light of this year's exceptional activity, a protracted residential sales high season is a distinct possibility for San Antonio.
That's the good news for our August 2012 San Antonio realty market report. We encourage reader comments and recommendations about how to make our reports more informative and useful.
We're Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio area realty or mortgage loan advice or assistance, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or email us at swkrealtor@aol.com or kelleybus@aol.com. Our sanantoniohomequest.com Realty Solutions Team is always ready to help you with your home buying and selling needs.
Wednesday, July 25, 2012
North East Independent School District Home For Sale
PRICED $147,900
This quality home is located in San Antonio's North East Independent School District. It offers an easy commute to Randolph Air Force Base, Fort Sam Houston, and downtown San Antonio. Updated and ready to move in, it features 4 bedrooms, 2.5 baths, a total kitchen renovation with granite counters and stainless steel appliances, plus new tile, lighting, and plumbing fixtures in the bathrooms. The floors are a combination of high grade laminate, carpet, and ceramic tile. There are neutral colors, high ceilings, and a lovely stone fireplace. The fourth bedroom could serve as loft office or upstairs seating area. If you are a buyer seeking storage space, a nice yard, and a home with personality, this North East Independent School District home for sale is the one for you.
More information is available at SanAntonioHomeQuest.com .
Wednesday, July 18, 2012
Things To Do In San Antonio July 20, July 21, July 22, 2012
IF YOU'RE LOOKING TO BUY OR SELL A SAN ANTONIO AREA HOME, VISIT US AT SANANTONIOHOMEQUEST.COM .
Here's something really special to do this weekend in North Central San Antonio.
When: Friday, Saturday, and Sunday - 20 thru 22 July 2012, noon to midnight daily.
Where: The Boardwalk On Bulverde , 14732 Bulverde Road, San Antonio, Texas 78247 - telephone (210) 402-2829.
Cost: Free
What & Why: Benefiting the Susan G. Komen Foundation, this the second annual event featuring food trucks from all around Texas offering diverse foods, beer and other drinks. It's fun for everybody with 2 playgrounds, an arcade game room, live and DJ music, a sports den, and a mechanical bull.
Don't miss your chance to be on TV. The Cooking Channel Eat Street will be on site on Sunday, July 22, to film the "Rickshaw Shop."
Rules: Have lots of fun, but please don't bring outside food or drinks.
Here's something really special to do this weekend in North Central San Antonio.
When: Friday, Saturday, and Sunday - 20 thru 22 July 2012, noon to midnight daily.
Where: The Boardwalk On Bulverde , 14732 Bulverde Road, San Antonio, Texas 78247 - telephone (210) 402-2829.
Cost: Free
What & Why: Benefiting the Susan G. Komen Foundation, this the second annual event featuring food trucks from all around Texas offering diverse foods, beer and other drinks. It's fun for everybody with 2 playgrounds, an arcade game room, live and DJ music, a sports den, and a mechanical bull.
Don't miss your chance to be on TV. The Cooking Channel Eat Street will be on site on Sunday, July 22, to film the "Rickshaw Shop."
Rules: Have lots of fun, but please don't bring outside food or drinks.
Sunday, July 01, 2012
July 2012 San Antonio Homes For Sale Report
The second week in July is typically San Antonio's realty market yearly high
point. Many pending sales will close within the next 30 days. Uncommitted buyers
with school age children must rush to find the right home in order to be able to
close on their purchase or at least be under a binding contract before school
starts.
Many factors have converged to make this summer's San Antonio's realty market exceptional.
The local economy is ranked among the strongest in the nation. Every key economic sector is reporting strong gains.
Population growth is high.
Home values in most neighborhoods are quickly rebounding from the slight downturn experienced during the late great recession.
Home sellers have responded accordingly as evidenced by a steep increase in the asking price for homes for sale.
Buyer response has been exceptionally good so far, especially for moderately to lower priced homes and for luxury grade housing.
It is difficult to reach conclusions as to the long term market trends, but, in the short term, it's clear San Antonio's current home sales market is thriving.
For those who love stats, here are the key indicators for San Antonio's single family detached home sales as of 1 July 2012.
There are 10,459 active listings, compared to 12,051 one year ago. The inventory is relatively stable and unusually low for a city the size of San Antonio. That's a better sign for home sellers than buyers..
The average sales price for most recent closings is $210,222, compared to last year's $196,032. That's a 7% average sales price increase - another good sign for sellers.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 127 compared to 137 last year. During the next 30 days, a continuing downward trend is anticipated. That's another good sign for sellers.
There is 6.7 month inventory of homes listed for sale. Although industry analysts see 6.7 months as reflecting a balanced market, the sales data cited above shows a market favoring sellers over buyers.
That's all for our July 2012 San Antonio homes for sale market report. We encourage reader comments and recommendations about how to make our reports more informative
If you looking to buy or sell a San Antonio area home, visit us at SanAntonioHomeQuest.com or call Randy Kelley at (210) 863-2661 - kelleybus@aol.com - or Stephanie Kelley at (210) 868-8743 - swkrealtor@aol.com. We are realty buyer and seller consultants at Keller Williams Legacy, San Antono.
Many factors have converged to make this summer's San Antonio's realty market exceptional.
The local economy is ranked among the strongest in the nation. Every key economic sector is reporting strong gains.
Population growth is high.
Home values in most neighborhoods are quickly rebounding from the slight downturn experienced during the late great recession.
Home sellers have responded accordingly as evidenced by a steep increase in the asking price for homes for sale.
Buyer response has been exceptionally good so far, especially for moderately to lower priced homes and for luxury grade housing.
It is difficult to reach conclusions as to the long term market trends, but, in the short term, it's clear San Antonio's current home sales market is thriving.
For those who love stats, here are the key indicators for San Antonio's single family detached home sales as of 1 July 2012.
There are 10,459 active listings, compared to 12,051 one year ago. The inventory is relatively stable and unusually low for a city the size of San Antonio. That's a better sign for home sellers than buyers..
The average sales price for most recent closings is $210,222, compared to last year's $196,032. That's a 7% average sales price increase - another good sign for sellers.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 127 compared to 137 last year. During the next 30 days, a continuing downward trend is anticipated. That's another good sign for sellers.
There is 6.7 month inventory of homes listed for sale. Although industry analysts see 6.7 months as reflecting a balanced market, the sales data cited above shows a market favoring sellers over buyers.
That's all for our July 2012 San Antonio homes for sale market report. We encourage reader comments and recommendations about how to make our reports more informative
If you looking to buy or sell a San Antonio area home, visit us at SanAntonioHomeQuest.com or call Randy Kelley at (210) 863-2661 - kelleybus@aol.com - or Stephanie Kelley at (210) 868-8743 - swkrealtor@aol.com. We are realty buyer and seller consultants at Keller Williams Legacy, San Antono.
Friday, June 29, 2012
NEWS FOR SAN ANTONIO HOME BUYERS AND SELLERS
IF YOU'RE LOOKING TO BUY OR SELL A SAN ANTONIO, TEXAS, HOME, VISIT US AT SANANTONIOHOMEQUEST.COM.
From Steven Gragg, Broker at Keller Williams Legacy, here's the latest news of interest to San Antonio area homeowners and home buyers and sellers:
From Steven Gragg, Broker at Keller Williams Legacy, here's the latest news of interest to San Antonio area homeowners and home buyers and sellers:
- Wall Street Journal…Rising Home Sales support the case for housing recovery. The index for pending sales rose in May to match March, which was the highest point in 2 years. They rose 5.9% from April and 13.3% above a year ago.
- A developer plans a 400 unit apartment complex on Stone Oak Parkway on 27 acres between Canyon Golf Road & U.S. 281.
- US 281 to get $100M fast lanes. The high-speed fast lanes will be for buses and carpool lanes. Other drivers who pay could us the lanes also. Plan with tolls on expanded Loop 1604 and US 281 approved.
- Texas factories boomed in June posting the best showing in 15 months.
- United Health care SA center plans to add 250 jobs.
- CNN Money named the nation’s most business friendly cities. SA came in 3rd.
Wednesday, June 27, 2012
News For San Antonio Home Buying And Selling
IF YOU ARE BUYING OR SELLING A SAN ANTONIO, BULVERDE, OR ALAMO CITY MILITARY BASE AREA HOME, VISIT US AT SANANTONIOHOMEQUEST.COM.
Here’s the latest news from Steven Gragg, Broker at Keller Williams Legacy, San Antonio.
- Sand Storage plant to service the Eagle Ford Shale is being built in the booming southwest corner of Bexar County (Loop 410 & IH 35). One of the hottest areas for industrial development. It’s not far from Lackland Air Force Base.
- Bexar Foreclosures YTD are down 6% and well below 2010 record year.
- Foreign buyers snap up properties in the U.S. International buyers accounted for $82.5 billion or 8.9% of residential sales last year up 24% over the previous year. 55% of all sales occurred in Florida, California, Texas, Arizona and New York.
- 5-Year forecast sees jobs booming. SA is listed as one of 8 U.S. cities with surprising job growth over the next 5 years. SA should expect 150,000 more jobs to be added over this time.
Saturday, June 23, 2012
| LOOKING TO BUY OR SELL A SAN ANTONIO, BULVERDE, OR MILITARY BASES AREA HOME? VISIT SANANTONIOHOMEQUEST.COM Dear Friends, Join us for our Corn and Potato Chowder special, our Herb Marinated Pork Tenderloin en Croute with Wild Mushroom Duxelles and a Cherry Demi Glace entree special or our Pan Seared Sea Bass over Feta Mashed Potatoes with an Olive, Heirloom Tomatoes and Fresh Basil Relish entree special. Stop by Sunday from 11am-2pm for our Brunch Buffet. The menu will include a salad bar, sides, hot entrees and so much more! The price for a child’s buffet (under 10) is $6.00 and an adult buffet is $12.95. Make plans now to attend our Italian Wine Dinner on June 28th. Call 830-438-2747 for more details or to make your reservation. Bon Appétit, Chef Mike |
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Saturday, June 16, 2012
San Antonio Realty In The News
San Antonio Realty In The
News
- SA continues with strong growth...SA Air opens new center and will add 322 jobs...SA call center hiring again 125 by Aug 1st...Waterless fracking firm moving here from Canada to hire 100
- Ramen noodle maker plans to build a plant on the SW side of SA. Could hire up to 600
- Express real estate "Local Home Prices, Sales are on the Rise". The median price rose 4.8% in May and sales were up 3.8%. YTD sales are up 6.2%. We have a 6.9 month supply of homes
Wednesday, June 13, 2012
San Antonio Father's Day Lunch Specials
LOOKING TO BUY OR SELL SAN ANTONIO REAL ESTATE?
VISIT SANANTONIOHOMEQUEST.COM.
Dear Friends, This Father's Day, June 17th, join us for a special brunch buffet, featuring Omelets, BBQ Ribs, Herb Roasted Chicken, French Toast and Salmon, plus, fresh sides like our Loaded Mashed Potatoes, Corn on the Cob, Garden Salad, Shrimp Pasta Salad and Tropical Fruit Salad. For dessert, enjoy White Chocolate Bread Pudding with Rum Sauce or our New York Style Cheesecake. Email us or call 830.438.2747 to make a reservation. Bon Appetite, Chef Mike |
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Tuesday, June 12, 2012
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
Monday, June 04, 2012
June 2012 San Antonio Home Sales Report
It’s summer in San Antonio.
After a marvelously green spring, the weather has turned typically hot
and dry.
Does the Alamo City’s residential realty market match the
weather? The answer is yes and no. Homes sales are hot, but the market isn’t in
any sense dry.
During the first months of this year, home sales activity was
very healthy, leading many realty analysts to believe that San Antonio has
fully recovered from the minimal home sales downturn experienced during the recent
great national recession.
Now, in early June, key residential realty market indicators are
all exceptionally positive for the Alamo City and surrounding communities.
Specifically, compared to June 2011:
Pending home sales are up 11%
List prices are up 6.7%
Latest closed sale prices are up 7%
The median sales price for the most recently closed homes is up
5%
So, why is San Antonio’s residential realty market so vibrant
this year?
Because of its solid economic and demographic foundations, San
Antonio remains one of the nation’s bright spots for home ownership and rental
investments. Affordable mortgage availability is high for those who can qualify,
mortgage interest rates are historically low, and the area continues to receive
an influx of retiree families, job seekers, and military and corporate
relocation buyers eager to take advantage of San Antonio’s well priced homes. Significantly, ongoing development of the
nearby Eagle Ford Oil Shale Field is infusing previously unimagined money and
manpower into the area.
What does such good news mean for home sellers and buyers?
The area’s months long home buyers’ market is essentially dead.
The residential listing inventory is relatively low and homes are selling well,
particularly in the moderately to higher priced subdivisions in San Antonio’s
north, northeast, and northwest sectors.
The advantage goes to sellers willing to beat out the
competition by expending the resources needed to put their homes in prime
market condition.
Both
buyers and sellers should keep this in mind. Those willing to negotiate
realistically based on San Antonio’s market realities are the ones most likely
to leave the closing table the most satisfied.
That’s
all for our June 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 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.
Monday, May 28, 2012
San Antonio Called Bright Spot In National Housing Sector
If you're looking to buy or sell an San Antonio home, please visit us at sanantoniohomequest.com.
According to a recent artice by Tricia Lynn Silva in the San Antonio Business Journal "San Antonio's housing market showed impressive gains in April according to the San Antonio Board of Realtors (SABOR)."
With an average home price of $193,560 and an 8% home price increase from April 2011, the Alamo City is cited as a shining example of a strong realty market.
Other key indicators are a 7 percent increase in the median home price compared to April last year - from $147,300 to $157,400.
FNC Inc. - a real estate information technology company - is cited in Tricia's article. FNC tracks price trends in the nation's 100 largest realty markets. According to FNC, only two of the markets have markedly improved since 2007. They are Houston and San Antonio.
The intensity of this year's aggressive market condition is evidenced by reports of multiple simultaneous offers for better listings, slower processing times for loans, and competition at the title companies for the best closing appointment times.
How long will San Antonio's really hot realty market last is anybody's guess, but, typically, the area's realty sales high season is over by the 4th of July. If the current trend continues, the exceptionally active sales season may last into the fall months.
NOW, HERE'S THE NEWS
According to a recent artice by Tricia Lynn Silva in the San Antonio Business Journal "San Antonio's housing market showed impressive gains in April according to the San Antonio Board of Realtors (SABOR)."
With an average home price of $193,560 and an 8% home price increase from April 2011, the Alamo City is cited as a shining example of a strong realty market.
Other key indicators are a 7 percent increase in the median home price compared to April last year - from $147,300 to $157,400.
FNC Inc. - a real estate information technology company - is cited in Tricia's article. FNC tracks price trends in the nation's 100 largest realty markets. According to FNC, only two of the markets have markedly improved since 2007. They are Houston and San Antonio.
The intensity of this year's aggressive market condition is evidenced by reports of multiple simultaneous offers for better listings, slower processing times for loans, and competition at the title companies for the best closing appointment times.
How long will San Antonio's really hot realty market last is anybody's guess, but, typically, the area's realty sales high season is over by the 4th of July. If the current trend continues, the exceptionally active sales season may last into the fall months.
Tuesday, May 08, 2012
MAY 2012 SAN ANTONIO RESIDENTIAL REALTY MARKET REPORT
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.
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.
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. |
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
If you’re looking for a quality, stylish, and conveniently located 4 bedroom home in San Antonio's highly rated North East Independent School District (NEISD), this is the one to see. It’s reasonably priced and located in a well maintained neighborhood near the area’s best shopping, entertainment, and recreation centers. It has easy access to the major road networks leading to downtown San Antonio, Randolph Air Force Base, SAMMC, Fort Sam Houston, and Lackland Air Force Base. Go to http://www.sanantoniohomequest.com/MyHomeDtl.asp?lstPages=1&HomeID=1292806 for more pictures and detailed information.
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.
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
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