Latest San Antonio Real Estate News

In The News…  20 April 2013

Property Taxes

1. Bexar County property values rise on the tax records.  Commercial property is up about 12% and residential up 2%.
2. Owners whose county tax appraisals appreciated by more than $1000 will start receiving notices next week.
3. The SanAntonioHomeQuest.com Realty Solutions Team provides a free home value study for anyone needing ammunition to challenge a residential property tax appraisal.

Fastest Growing Neighborhoods 

San Antonio’s fastest growing neighborhoods for 4Q 2012 housing starts

• 1.  Alamo Ranch (649)
• 2.  Bulverde Village(169)
• 3.  Indian Springs (150)
• 4.  Laurel Mtn. Ranch (150)
• 5. StillwaterRanch (140)

San Antonio and Bexar County Foreclosures

Foreclosure postings for May are down 26% from last year and are down YTD 23%.

This San Antonio Real Estate Blog is written by Randy Kelley and Stephanie Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas.

If you have questions about or want to visit any San Antonio area home for sale, or if you need realty or mortgage loan advice or assistance, or if you want to learn more about San Antonio and Bexar County Texas and the nearby counties, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie).

April 2013 Real Estate News For San Antonio Texas

The SanAntonioHomeQuest.com Realty Solutions Team has published its April 2013 real estate news for the San Antonio metropolitan area.

Here are the highlights:

• The San Antonio area is ranked as one of the nation's top 10 large metropolitan realty markets.
• The  Alamo City currently has its best residential real estate market since 2006/2007.
• There's an unusually low inventory of both newly constructed and resale homes.
• Quick home sales and multiple offers are common in many areas around town.
• Prices are rising slowly and steadily.

For more information about how to best take advantage of the current market as either a buyer or seller, read the full article at the sanantoniohomequest.com home page .

We are Stephanie and Randy Kelley, Realtors®  at Keller Williams Legacy, San Antonio, Texas.

If you have questions about, or want to visit, any San Antonio residential listing, or if you need realty or mortgage loan advice or assistance, or if just want to learn more about San Antonio/Bexar County, and the adjoining counties, please call us at (210) 863-2661 or (210) 867-8743.



San Antonio Texas Best Mortgage Rates 26 March 2013

If you're looking to buy or sell a San Antonio area home, visit sanantoniohomequest.com Keller Williams Legacy for the latest San Antonio real estate news, best listings search engine and reliable online realty advice and assistance.  Buyers, see our Public Service Home Buyer Reward Program to learn how we might help you save money on your home purchase settlement fees.

Now, here is the 26 March 2013 San Antonio mortgage rate sheet from Homewood Mortgage.

San Antonio Texas Purchase & Refinance Mortgage Rates 

You'll be happy with these low rates & low fee loans.  Let your friends and family know that we will beat any deal on rates, fee's and service.

We are from Texas, we are operated in Texas, and we are Texas Strong!

All loans close on-time and within 30 Days or less.

Refinance Rates & Purchase Rates could be lower.  Call me to discuss.

All Loans close on-time and within 30 Days or less.   30 yr Conventional 3.625% - 0 Discount Points - 0 Origination 15 yr Conventional 2.75% - 0 Discount Points - 0 Origination 20 yr Conventional 3.5% - 0 Discount Points - 0 Origination 10 yr Conventional 2.75% - 0 Discount Points - 0 Origination 30 yr FHA 3.25% - 0 Discount Points - 0 Origination 15 yr FHA 2.75% - 0 Discount Points - 0 Origination 30 yr USDA 3.25% - 0 Discount Points - 0 Origination 30 yr VA 3.25% - 0 Discount Points - 0 Origination 15 yr VA 2.875% - 0 Discount Points - 0 Origination Jumbo 30 yr Fixed 3.75% - 0 Discount Points - 0 Origination Jumbo 15 yr Fixed 3.125% - 0 Discounts Points - 0 Origination Jumbo 10/1 ARM 3.5% - 0 Discount Points - 0 Origination Jumbo 7/1 ARM 3.0% - 0 Discount Points - 0 Origination Jumbo 5/1 ARM 2.625% - 0 Discount Points - 0 Origination * These rates are based on a estimated minimum loan amount of $190,000 or above and roughly 2.798% - 3.34% APR depending on loan program. Rates are also subject to change without notice. FHA requires 3.5% down. Conventional requires 5% down. Jumbo requires 20% down up to $1Million. Jumbo APR is estimated 3.845% Some rates are based on a 740 credit score or higher. Some loans require lower LTV, call for details.

Services Provided: FHA VA USDA Conventional Jumbo Down Payment Assistance Programs Our Commitment to You: On-Time Closings Excellent Communication Call's Returned Promptly Phone Calls answered on Weekends Good Interest Rates for your Clients Reasonable Closing Costs 24/7 On-Line Applications @ www.mikeclover.com

Mike Clover Mortgage Banker Homewood Mortgage, LLC Toll FREE: 1-800-223-7409 O: 469-438-5587 F: 972-767-4370 NMLS# 234770 Web: www.mikeclover.com E-mail: mike@mikeclover.com

Beautiful Reasonably Priced Dominion Area Home For Sale

It's a beauty!

This stylish 4 bedroom, 4 full bath,  3195 square foot resale home is located near the Dominion just off I-10 North in the attractive gated Stonewall Ranch subdivision.

The home is exceptionally well maintained and affordable.  It's the ideal place to live away from town where you can stay cool in the Texas Hill Country lounging around the beautiful neighborhood pool.   

The property is approximately 30 minutes away from Lackland AFB to the southwest, Randolph AFB to the east, and downtown San Antonio to the south.  Historic Boerne is only a few miles up the road and the fashionable and popular shopping, dining, and entertainment amenities at Fiesta Texas, the The Rim and The Shops At La Cantera are just down the road.  Friedrich Wilderness Park is practically at the front door.

The area's Northside Independent School District schools are highly ranked and UTSA is just a short drive away.

For more information visit the listing report or contact Randy Kelley, Realtor®, at (210) 863-2661 or Stephanie Kelley,Realtor® at  (210) 867-8743.

Our broker is Keller Williams Legacy, San Antonio.

Presenting the finest homes for sale in San Antonio,  Bexar and adjacent counties, and the communities nearest the Alamo City's military bases.

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San Antonio Homes For Sale Are Going Fast

As of February 2013, the San Antonio area realty market is blooming and the good news seems never ending - especially for San Antonio home sellers.

Here's the story.

The San Antonio Board of Realtors® has just released its February 2013 residential sales report.  It shows homes for sale in San Antonio are moving at an increasing pace, with prices rising, and more expensive homes finally breaking loose from months of lackluster sales.

This February, home on the San Antonio market averaged only 99 days.  That's 4 percent less than in February 2012.

Focusing on the declining market time, Steven Gragg, 2013 SABOR Chairman of the Board, said, "Low days on the market indicate consumers are finding homes more quickly, and we are tilting more towards a seller’s market.”  

The February report includes additional evidence that, this year, San Antonio's residential market is exceptionally robust for so early in the selling season. 

A total of 1,379 homes were sold this February, compared to 1,278 sales in February 2012, and 1,079 sales in February 2011. 

Home prices are also up significantly.  This February's report shows the average home price is $194,000, last year it was $186,397, and in February 2011 it was only $179,035.

The report shows much greater interest in higher priced listings.  Homes priced $500,000 or more are selling faster and contributed to 4.1% of the February closed sales.  That's a much higher percentage than in preceding months.

Homes priced $200,000 to $500,000 made up 29.6 percent of the market.  As is usual for the San Antonio MLS area, lower priced properties below $200,000 led the way for February sales, contributing 66.1 percent of the homes sold.

Angela Shields, SABOR President and Chief Executive Officer summed up the favorable market report by saying, "With spring and summer around the corner, we are getting ready to enter our busiest season. We are hopeful that market conditions will continue to be this favorable, allowing both buyers and sellers to be satisfied in their transactions.” 

This report is brought to you by the Realty Solutions Team, Realtors®, Keller Williams Legacy, San Antonio, Texas.

If you're looking to buy or sell a San Antonio area home or need residential mortgage information, visit us at sanantoniohomequest.com for the best listings search engine and reliable online realty and residential mortgage advice and assistance or call us at (210) 867-8743 or (210) 863-2661.

Three Basics For Preparing A San Antonio Home For Sale

Stephanie, my co-Realtor ® and blogging partner has published a fantastic blog today.  It's titled "Top Three Things You Can Do To Sell Your Home."  It's focused on the three "C's" - the basic things a home seller must do put a residential property in a showable condition without spending a lot of money. 

The San Antonio MLS reports listings are selling exceptionally fast this March, so, If you're ready to sell, now's the time to properly prepare your home and get it on the market.  Proper preparation is important because local realtors ® report the best prepared homes are quickly beating out the competition and lasting only a few days on the market.

So, if you need the best advice for inexpensively showcasing your property, take a minute to read Stephanie's excellent advice at texashomegirl.blogspot.com. 

The article is also helpful for sellers who've already listed their homes in the MLS or "for sale by owner" markets.

For the best free San Antonio home buying and selling news, advice, and assistance, visit our sanantoniohomequest.com  website.

We're Randy and Stephanie Kelley, Realtors ® at Keller Williams Legacy, San Antonio

National And San Antonio Home Sales Are Looking Rosy

 

According to reliable sources, both the national and San Antonio residential realty markets are looking quite rosy as of the end of February 2013.

Nationally, the U.S. Commerce Department reports home sales have increased 15.6 % over last year.  That's a current annual rate of 437,000 new homes and is the most active market since mid-2008.  The Commerce Department report also indicates home buyers are opting for less expensive properties because the middle price of new homes fell 9 % in January, to $226,400.

 

Consumer confidence is also rising according to the Conference Board.  The February 2013 consumer confidence index rose 69.6% - the highest level in three months.  It demonstrates a dramatic reversal of  January's downward trend reflecting consumer anxiety about higher payroll taxes and the fiscal deadlock in Washington. 

 

In its latest press release, the San Antonio Board of Realtors (SABOR) reports a staggering rise in the San multiple listing service (MLS)  residential market as the 1,249 homes sold in January represents a 24 percent increase over January 2012.

 

Also, both the average and median home prices were up significantly - 4% and 3% respectively.

 

Quoting from the SABOR report - 

"Locally, the average sales price for January 2013 for single-family residential homes was $183,846

while the month’s median price was $149,000.

Breakdowns in prices show 70.3 percent of homes sold in the low-range ($199,000 and below), 26.66 percent in the mid-range ($200,000 - $499,000) and 2.96 percent in the high range ($500,000 and up)."

 

According to Steven Gragg, 2013 SABOR Chairman of the Board, "This continual growth demonstrates not only the steadiness of the market but also indicates an increase in consumer confidence."

 

A major contribution to the vitality of both the national and local realty markets are low residential mortgage rates.  According to a report from the National Association of REALTORS®, "fixed-rate mortgages across the nation have remained steady or inched lower in recent months. Such reductions in rates have led to an increase in applications and subsequent home sales."

Another contributing factor is San Antonio's strong economy and the area's long history of stable home values.  According to Angela Shields, SABOR President and CEO, “Home prices in our area remain affordable, but are not so low that sellers lose equity in their home.While other cities struggle to find a balance in price levels, San Antonio offers a market that has something for everyone.”

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If you're looking to buy or sell a San Antonio area home, visit sanantoniohomequest.com or contact Randy Kelley (210) 863-2661 or Stephanie Kelley (210) 867-8743 for realiable realty research, advice, and assistance.  Randy and Stephanie are Realtors® at Keller Williams Legacy, San Antonio, Texas. 

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The San

 

 

Homes For Sale Near San Antonio Military Bases

 

 

Go to SanAntonioHomeQuest.com To Learn About This Home For Sale Near Lackland Air Force Base

 

Are you looking to buy a home near Lackland Air Force Base, Randolph AFB, Brooks City Base, or Joint Base Fort Sam Houston (Ft. Sam).

Then, here’s what you need to know.

■  Every San Antonio military base has reasonably priced neighborhoods relatively close by.

■  Many of the close-by older neighborhoods aren’t regulated by homeowners associations and, therefore, are poorly maintained. So, look carefully where you buy. Your real estate agent should advise you about neighborhood quality issues.

■  School districts and neighborhood school ranking are always a matter of home buyer concern, even for those who don’t have a school aged child. Homes serviced by quality schools generally maintain higher value over time, so always keep school issues in mind.

■  San Antonio is the nation’s 7th largest city. Area homeowners can’t escape this simple fact - San Antonio has road congestion problems and area commuters are suffering increasingly long commute times. So, ask your real estate agent for a frank evaluation of how long it should take for you to commute to work from any listing that looks promising.

■  Never, ever, buy a home just because it’s reasonably priced. Ask your real estate agent for a documented analysis of home values in the neighborhood over time. If there’s clear evidence of home value depreciation, move on. You don’t want to be stuck down the road with a mortgage balance that’s higher than your property’s market value.

■  Ask your real estate agent to set up a direct Multiple Listing Service (MLS) search for you. You’ll get the newest listings matching your needs much quicker than looking from them even on the most popular Internet realty search venues.

■  The best listings sell the fastest. So, don’t rely on the Internet to tell you about them. Rely on your MLS search to quickly send you the best listings.

If you are looking to buy or sell a San Antonio area home, you’ll find the best realty services team at

SanAntonioHomeQuest.com

San Antonio Real Estate News

VISIT SANANTONIOHOMEQUEST.COM

Here's the latest realty related news from Steven Gragg, Broker at Keller Williams Legacy, San Antonio, Texas.

1. At its Family Reunion Convention last weekend, Keller Williams Realty's corporate management announced that Keller Williams has overtaken all other real estate companies in America as the number one company for total agents.  
2. In the San Antonio MLS area, Keller Williams currently leads all other brokerages for realty sales production.
3. This is an item of interest for readers looking for homes for sale or to sell a home in the south San Antonio area.  A new 1000 acre rail yard is in the works just south of the city.  The Mission Rail Park has just broken ground and should open by mid-summer of this year.  It is located south of Loop 1604 off highway128 & Gillette Rd.
4. According to the San Antonio MLS, home sales are up nearly 24% over January of last year with the median price up 3.3% to $149,000 and average sales price up 4% to $183,000. Average days on the market is 89. Months of inventory is at 5.1 and the market is presently  leaning toward sellers.  The months of available home inventory is expected to increase in coming weeks as spring season listings are added to the MLS and the corporate and military relocation season heats up. 
5. The home foreclosure rate in the San Antonio area is decreasing dramatically.  March postings are down 36.6% over last year.  In the preceding three months , foreclosures were down 41%, 35% and 34%, respectively.
6. "Saudi Texas" is the Lone Star State’s new nickname. Texas has become competitive with the Middle East as oil production in November jumped to an average of 2.139 million barrels a day - the most in over 25 years. The steadily increased production in the Eagle Ford Shale oil play area south of San Antonio has caused caused the state’s output to double.

If you're looking to buy or sell a San Antonio area home, visit sanantoniohomequest.com
 - Keller Williams Legacy for realiable realty advice and assistance and the best MLS listings search engine.

News About Properties For Sale In San Antonio

Keller Williams Legacy Realtors® 

In The News for San Antonio Texas Home Buying, Home Selling, and Home Ownership

Properties for sale in San Antonio:

There's a new south side San Antonio community planned.  It's a major master planned community located in the vicinity of  the Texas A&M University-SA campus. 200 single family homes are planned for the phase I of the community's 2500 acres.  Homes will be 1400  to 2000 square feet with prices starting around $150,000. Development plans call for 2000 homes and 4000 apartments in coming years.  The first homes in phase one are planned to be on line by December 2013.

Foreclosures:

In January, U.S. foreclosures fell 28% to a low level not seen since the peak of the housing boom in 2007.

Keller Williams Offices Lead San Antonio Residential Brokerages:

According to statistics from the San Antonio MLS system,  Keller Williams led the San Antonio real estate marketing community in 2012, selling $1.6 billion worth of residential property.  San Antonio's top three brokerages were Keller Williams Heritage, Keller Williams IH 10, and Keller Williams Legacy, with a market share of 17.93%.  They were followed by ReMax with 10.28% and Coldwell Banker with 7.48% market share.  

Looking to buy or sell a San Antonio area home?  Visit sanantoniohomequest.com for the best home buying, selling, and home ownership advice and assistance.

Best San Antonio Realtors

The SanAntonioHomeQuest.com Realty Solutions Team, Keller Williams Legacy, is an award winning group of real estate marketing and residential property acquisitions specialists.  Visit our website at sanantoniohomequest.com to learn about how we can help you buy or sell a San Antonio home.

Randall R. (Randy) Kelley
MS, BS, PA
San Antonio Realtor®
Residential Realty Acquisitions Director & Internet Realty Services Advisor
sanantoniohomequest.com

Keller Williams Legacy (210) 863-2661 or 867-8743 or (800) 201-9145

Visit Us At
Air Force PCS.com
Stephanie's Blog
Randy's Blog
Our News Letter

The Texas Real Estate Commission requires licensed realty practitioners to furnish information about brokerage services to prospective realty consumers. You can see the information here:http://www.trec.state.tx.us/pdf/contracts/op-k.pdf

Homes For Sale Near Lackland AFB 4703 Barons Ridge

4703 Barons Ridge

This gated Westover Hills property is truly special.  4703 Barons Ridge is on a 1.24 acre corner lot in an area of town where a home on a big lot is rare.  The residence is a classic 2 story home with split formal areas, a grand staircase, family room opening to a deck and fenced back yard with mature trees.  The lovely music room adjacent to the kitchen features French doors and lots of light.  It's easily adaptable as an office or study.  The enormous master suite features a full bath complete with jetted tub, separate shower, walk-in closet, and separate vanities.  The home also features two more full baths plus a half bath.  There's a sitting room opening to a balcony overlooking the spacious back yard.  The location is ideal for a buyer seeking an easy commute to Lackland AFB, Port San Antonio, The Toyota Plant, and access to the road networks to downtown and around San Antonio.

This one's for you.  Visit the detailed listing report at sanantoniohomequest.com  or call Stephanie (210) 867-8743 or Randy (210) 863-2661 for more information or an appointment to visit 4703 Barons Ridge.

In The News For San Antonio Home Owners, Home Buyers, and Home Sellers

Looking to buy or sell a San Antonio home, visit sanantoniohomequest.com for the best advice, assistance, and San Antonio area realty search engine.

Keller Williams Legacy - sanantoniohomequest.com

In the news for San Antonio home owners, home buyers, and home sellers from Steven Gragg, Broker, Keller Williams Legacy, San Antonio

1. Recently announced - a new company coming to town with plans to hire 700 employees.  Stay tuned for more specifics. 
2. A local trucking  company urgently needs drivers - 150 now and 50 later. Most of the drivers are needed to handle new oil and gas customers in the Eagle Ford shale oil fields south of town..
3. Nationally, home prices rose by most in 6.5 years. U.S.home prices jumped by 8.3% in December spurred by a low supply of inventory and rising demand. Last year prices rose in 46 out of 50 states.   Low homes for sale inventory is evident throughout the San Antonio Multiple Listing Service area.  Effect on prices hasn't been too dramatic to date, however, unless inventory increases soon, the shortage of available homes will likely cause a dramatic increase in asking and sales prices.

San Antonio Weekly Mortgage Newsletter

 

Add mike.clover@homewoodmortgage.net to your email address book to ensure delivery.

LOOKING TO BUY OR SELL A SAN ANTONIO, TEXAS HOME?

VISIT SANANTONIOHOMEQUEST.COM

San Antonio, Texas, News For Home Owners, Home Buyers, And Home Sellers

If you're looking to buy or sell a San Antonio area home, visit sanantoniohomequest.com for the best advice, assistance, and realty search engine.

Now, here's some news of interest for San Antonio area home owners, home sellers, and home buyers compliments Steven Gragg, Broker, Keller Williams Legacy.

1. Walmart  is preparing to add San Antonio to its list of metropolitan areas selected to host the retailer's convenience oriented Neighborhood Market grocery store.
2. Starting January 26, 2013, San Antonio residents can dump bulky junk at the 1800 East Bitters drop-off at no cost.  A copy of a CPS bill showing payment of the monthly solid waste environment fee is required.  Examples: AC units, refrigerators, freezers, auto parts, tubs, water heaters, sinks, etc.  See the recent MySanAntonio article for more details.

San Antonio Home Prices Rising

According to FNC Incorporated, a respected real estate information and analytics company, San Antonio area home prices are rising moderately, but steadily.

Between September 2011 and September 2012, Alamo City area home prices rose 1.1 percent, however, between January through November 2012, prices rose 2.3%. 

A respected local new home sales analyst, Jack Inselmann of Metrostudy, recently said, “San Antonio has done comparatively well considering the challenges and I expect the new home market to continue to improve in 2013 ... .”

Recently, Steven Gragg, 2013 Chairman of the San Antonio Board of Realtors®  (SABOR) presented a very favorable summary of current San Antonio home market conditions.  He reported that, as of the November 2012 SABOR market analysis, homes are selling much quicker than a year ago -- 83 days average in November 2012 vs 98 days average in November 2011. 

As of January 2013, there is an exceptionally low inventory of homes listed in the SABOR Multiple Listing Service (MLS).  For the time being, this factor has created a strong home seller's market, however the post holiday season usually sees an influx of new listings.  If this year follows suit, a balancing effect is anticipated, producing a spring season sales environment favoring neither buyers or sellers.  

Visit sanantoniohomequest.com  for more realty news, our premier listings search engine, and reliable San Antonio home sales information, advice, and assistance.  

 

9 January 2013 San Antonio Real Estate In The News

Here's the latest San Antonio real estate news from Keller Williams Legacy, San Antonio's premier residential realty broker.

Home Prices Up in Big U.S. Cities.

Home prices rose in most major cities compared to 1 year ago. Home prices increased 4.3% - the largest year-over-year increase in 2.5 years. Phoenix, Arizona, leads all cities with a 21.7% increase.

Home Sales At Highest Point Since 2010.

According to the National Association of Realtors®, (NAR), home sales are at the highest point since April 2010 when we had a tax credit pushing sales.

Modern Look Is In For 2013

As trends come and go, the modern look is the trend for 2013.  There is a growing market for more contemporary, energy efficient homes with open floor plans that lead into functional outdoor spaces. Formal living and dining areas continue to go away.

The San Antonio Area Housing Market Is Upbeat

Low mortgage rates coupled with increases in new home construction and sales are expected to fuel a growing housing market in SA area this year. It's anticipated that new home builds and existing home resales  will rise between 10-15% in 2013. While home values which climbed by 3% last year, they are expected to climb faster this year.

San Antonio Apartment Sales Are Booming

2012 was  a hot year for San Antonio Apartment Sales. Fifty-five apartment complexes sold through October 2, 2012, for a sales volume of $605.8 million - one of the best apartment sales years on record for San Antonio.

Looking to buy or sell a San Antonio area home, visit sanantoniohomequest.com for the best advice, assistance, and realty search engine technology. 

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.