From our family to yours,  have a safe, happy and healthy 2012 holiday season, San Antonio!

The sanantoniohomequest.com Realty Solutions Team

Keller Williams Legacy

San Antonio, Texas

Sanantoniohomequest.com

San Antonio Townhome For Sale

For Sale for $101,0000

- Two story townhome located inside 1604 in the North East Independent School District. - 

Listed By

Carlos Guzman, Keller Williams Legacy, San Antonio.

December 2012 San Antonio Homes For Sale Report

The remarkable 2012 San Antonio residential sales year is coming to a close with December projected to produce a record number of closings for a low sales season month.

Many positive factors have come together to make 2012 a very successful year for San Antonio area home sales.  

For example, when compared to other large metropolitan areas during the late Great Recession, San Antonio managed to maintain its attractive reputation for economic stability and business development and growth.  Consequently, this year has seen a significant increase in housing demand generated by the area's rapidly expanding business community.  

The improving economy has impacted heavily on San Antonio's home sales market.  From August through November, single family detached home sales have far exceeded new listings.  This has lead  to a potential shortage of resale homes for buyers entering the market in the coming months.  

New home builders are capitalizing on the shortage by bringing more newly built home inventory on line, however much of their inventory won't be available until the late winter/early spring sales season.

In the short term, with fewer homes to choose from, buyers can expect to find higher higher home prices and a strong seller's market.

Granted, the still developing seller's market might discourage some home buyers this December.  Nonetheless, this year's winter home sales market is expected to stay unusually strong because of the availability of historically low mortgage loan rates and the fact that the San Antonio market still offers quality housing in excellent neighborhoods for a very reasonable cost.

Here are the key indicators proving the vitality of today's home seller's market. 

For San Antonio's single family detached home listings as of 3 December 2012, there are 9040 homes for sale compared to 10,467 one year ago. The inventory is very low and the downward trend is expected to continue until seller's bring their homes to market in early 2013 for the late winter/spring selling season.

  

The average sales price for the most recent closings is $196,950 compared to last year's $174,891 - a 12.61% increase! That's unusual because the San Antonio area averages 2% to 3% home price appreciation per year. 

Average cumulative-days-on-the-market (CDOM) for the most recent sales is 109 compared to 137 last year. 

As previously stated, these data add up to a very strong seller's market. 

  

That's all for our December 2012 San Antonio realty market report.  

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

Please visit our sanantoniohomequest.com website for information about how to best go about buying or selling your San Antonio area home.  If you're looking to buy a home, use our fast and easy listings search engine and learn about our Calendar Year 2013 Public Service Home Buyer Reward Program.

  

Wishing you a merry Christmas, Happy Holidays, and Happy New Year, 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 know more about San Antonio and the surrounding communities, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie), or email us at swkrealtor@aol.com or kelleybus@aol.com.  

The SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your residential realty needs.  

Credit Scores For San Antonio Home Loans

 

 

Why is it so hard to find reliable information about minimal credit scores for San Antonio home loans?

 

The answer is simple. 

 

In today's post Great Recession mortgage lending environment, the lenders seem reluctant to post definitive guidance about almost anything.  That's because loan qualification standards are strict, multifactorial, and not just limited to an applicant's credit scores.

 

That said, there are some credit score quotes that are reasonably consistent across many lending websites.  They are:

• FHA loan - 620 minimum score and without a history of bankruptcy and with a positive history of paying creditors on time
• Conventional loan - 680 minimum score and without a history of bankruptcy and with a positive history of payting creditors on time
• VA loan - 620 minimum score and without a history of bankruptcy and with a positive history of paying creditors on time

Be mindful that, from the perspective of a lender, credit scores are only a part of a much bigger picture.  We recommend, therefore, that you consult with a loan officer at a mortgage brokerage,  bank or credit union. 

 

When the time comes to apply for a mortgage loan, it pays to shop around, so don't be shy about talking with many lenders because not all lenders have the same loan costs,  terms. and conditions. 

 

For a list of lenders with a proven record of providing satisfactory service for our home buyers, visit our lender page. 

 

Call them.  They'll be glad to hear from you because they want your business.

 

Please visit our website or call us for the best San Antonio area home buying and selling advice and assistance.  We are - For the best home selling advice and assistance, visit our website at sanantoniohomequest.com or call Stephanie Kelley at (210) 867-8743 or Randy Kelley at (210) 863-2661.

Stephanie & Randy Kelley

Realtors®

sanantoniohomequest.com

Keller Williams Lecacy

San Antonio, Texas 78258

Steven Gragg Broker

(210) 863-2661 or (210) 867-8743



 

 

 

 

 

Selling San Antonio Real Estate In December 2012

It's the Thanksgiving and Christmas holiday season 2012 in San Antonio. 

Late fall/early winter holiday season is an inconvenient time to market a home for most sellers, consequenty, prospective sellers who can affort to wait, usually opt to list after the holidays.

So, why should this year be different? 

Here are the reasons anyone who can list his or her home for sale now shouldn't wait until after the holidays.

First, the San Antonio area residential realty market is currently exceptionally active for the late fall home selling season. 

Second, the inventory of homes for sale is presently very very low. 

Third, because there are so many buyers looking at so few homes for sale, the market is frustrating buyers and favoring sellers.

Fourth, it's likely the majority of prospective sellers now waiting out the holidays will dump their homes on the market soon after the first of next year.

So, our recommendation is for prospective home sellers to get ahead of the crowd now instead of waiting for a time when there will be more homes on the market and competition for buyers will have become fierce.

We know how to best market your residential property. For the best home selling advice and assistance, visit our website at sanantoniohomequest.com  or call Stephanie Kelley at (210) 867-8743 or Randy Kelley at (210) 863-2661.   

Stephanie & Randy Kelley

Realtors®

sanantoniohomequest.com

Keller Williams Lecacy

San Antonio, Texas 78258

Steven Gragg Broker



Home Sales in San Antonio Took Off In October 2012

In the News From The Desk of Steven Gragg, Broker, Keller Williams Legacy, San Antonio

1. Unemployment drops in 37 states during October, the latest indication the job market is slowly recovering.  Texas and California added the most jobs in October.
2. Home sales in San Antonio took off in October.  Low interest rates and strong consumer confidence continues to the main drivers pushing up the San Antonio housing market.  Sales were up 20% over October laster year.  The median price for homes on the market in October was $159,500 - up 4% from last year.  The average sales price was $195,59a.  Year-to-date, sales are up 10.5% and the inventory of available homes for sale is about 6 months.  First time homebuyers made up 39% of sales - an increase of 2% over last year.
3. The latest job creation report shows growth both in San Antonio and the state of Texas.  October saw a record number of jobs in SA at 886,600,  with unemployment at 6.1%, Texas 6.6% and U.S. 7.9%.

SanAntonioHomeQuest.com

Realty Solutions Team
Randy & Stephanie Kelley
Realtors®
Keller Williams Legacy(800) 201-9145
(210) 867-8743 (Stephanie)
(210) 863-2661 (Randy)

Visit Our Blogs At:
http://www.trulia.com/blog/stephanie_kelley/
sanantoniorealestate.blogspot.com/
AirForcePcs.com



San Antonio, Texas, Mortgage News

IF YOU’RE LOOKING TO BUY OR SELL A SAN ANTONIO, TEXAS, HOME, VISIT THE BEST SITE FOR REALTY ADVICE AND ASSISTANCE AT SANANTONIOHOMEQUEST.COM.

NOW, HERE’S THE LATEST NEWS EXTRACT  FROM MIKE CLOVER’S WEEKLY MORTGAGE NEWSLETTER FOR THE WEEK OF 11 NOVEMBER 2012.

MORTGAGE MARKET COMMENTARY:

Mortgage rates barely wiggled around last week, even as stock markets moved significantly.  While the knee-jerk reaction was to blame the election for the stock markets’ declines, the more likely reason is the impending “fiscal cliff.”  Even with money flowing into bond markets, mortgage rates moved very little.  Beyond the election and the aftermath of Sandy, there was little economic news to influence mortgage rates to any meaningful degree.

Retail sales and industrial production are the dominant economic reports due this week.  It is likely that they will confirm that we are continuing this seemingly endless mode of slow growth.  Rates and stock markets are more likely to be influenced, in coming weeks, by the discussions in Washington regarding the fiscal cliff.  The more likely it looks that partisan politics will scuttle a deal, the more likely rates will continue trending downward.  Likewise, if we see growing hope of a deal, which is very likely needed to avoid another recession, then rates may start ticking upward.

HOUSING MARKET IMPROVING IN MORE METRO AREAS:

Last week, the National Association of Home Builders (NAHB) and First American released their monthly Improving Markets Index.  Twenty-two more metro areas were added to the list.  To be included, the metro areas had to show at least six consecutive months of posted gains in housing permits, employment, and home prices.  125 metro areas are now listed as “improving.”  In November 2011, there were only thirty metro areas on the list.

Homewood Mortgage, LLC - 18170 Dallas Parkway, Ste 304, Dallas, Texas 75287



mike.clover@homewoodmortgage
Apply at: www.mikeclover.com NMLS# 234770
469-621-8484 Office
469-438-5587 Cell
972-767-4370 Fax

:

Best 2012 San Antonio Thanksgiving Day Restaurant Options

Looking to buy or sell a San Antonio, Bulverde, or military bases area home, then visit us at sanantoniohomequest.com.


Now, here’s one of the best Thanksgiving Day Restaurant options for 2012 for North San Antonio and the Bulverde area.
 
Dear Friends,

We are now taking reservations for our Thanksgiving Day Dinner! We will be open from 11 a.m. to 2 p.m. on November 22, and serving a traditional Thanksgiving feast with a gourmet twist. Click here to view our menu. Bon Appétit,

Chef Mike

PS - Don't forget to book your holiday party with Mike's in the Village! Parties can be held in a private room at the restaurant or catered at your own event.   

San Antonio Texas Homes For Sale News

San Antonio, Texas , Homes For Sale News, From Steven Gragg, Broker, Keller Williams Legacy:

1. Home prices surge.  It’s a measure of U.S. home market recovery as prices jumped 5% in Sept. compared with a year ago. The largest year over year increase since July ’06.
2. Homebuilder starts in San Antonio  are up for the 5^th straight quarter. During the third quarter starts were up 24% over last year and year-to-date up 14%.

If you’re looking to buy or sell a San Antonio, Texas home, go to sanantoniohomequest.com for the best residential realty advice and assistance.

Texas Shifts To Home Seller’s Market

Nov. 8, 2012

According to the recent Texas Quarterly Housing Report from the Real Estate Center at Texas A&M University, during the 3d Quarter of 2012, the statewideTexas residential real estate market shifted into the seller’s market category.  That means, on the average, the market favors home sellers when it comes to negotiating price, terms, and conditions for selling their residential property.

If you’re looking to buy or sell a San Antonio area home, please visit us at sanantoniohomequest.com for the most reliable residential realty advice and assistance.  Randy Kelley, Realtor, Keller Williams Legacy, (210) 863-2661

November 2012 San Antonio Homes For Sale Report

This year, San Antonio is experiencing a very unique November residential realty market.

Typically, San Antonio area home sales activity cools down with the fall season. It's to be expected because San Antonio's realty market usually runs in a predictable seasonal cycle. The lowest sales month is January, the higher sales season kicks off in March and peaks in June, and, after school starts in August, the market draws down in a leisurely fashion through the fall and early winter months.

So, what's happening this November? 

Driven by low mortgage interest rates and the area's booming economy, Alamo City area home sales have continued at a remarkable pace well into the usual low season.

The effect is a decrease in the homes for sale inventory, increases in average list and sales price, and some sellers receiving multiple simultaneous offers for their homes. 

The bottom line - it's a strong seller's market.
.
Barring unforeseen factors, during this late fall and early winter, it seems unlikely that San Antonio's realty market will fade much, if at all. Consequently, home owners contemplating putting their homes on the market should act sooner than later. On the other hand, buyers can expect to find fewer homes to pick from and less flexible sellers when the time comes to negotiate price, terms, and conditions.

As proof, here are the important market indicators for single family detached homes as of 5 November 2012.

There are 9462 active listings, compared to 10771 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 $197,684, compared to last year's $181,887. The increase in average sales price is reflective of a strong market and the relative scarcity of homes for sale. That's also a good sign for sellers.

Average cumulative-days-on-the-market (CDOM) for the most recent sales is 119 compared to 146 last year. For the time being, CDOM data is positive for sellers.

In summary, industry analysts see these data as reflecting a residential sales market that strongly 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 November 2012 San Antonio residential realty market report. We encourage reader questions, comments, and suggestions for making this monthly report more relevant and informative.

Wishing you a safe and happy Veterans Day and Thanksgiving holiday, 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. 

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.



“

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.

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.

Best Places To Eat In San Antonio & Bulverde

If you're looking to buy or sell a San Antonio area home, visit us at

sanantoniohomequest.com.

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!

Having trouble viewing the message below? View as a webpage

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.

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 .

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.

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.

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:

1.  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.
2. A developer plans a 400 unit apartment complex on Stone Oak Parkway on 27 acres between Canyon Golf Road & U.S. 281.
3. 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.
4. Texas factories boomed in June posting the best showing in 15 months.
5. United Health care SA center plans to add 250 jobs.
6. CNN Money named the nation’s most business friendly cities.  SA came in 3^rd.