San Antonio Home Sales & Prices Continue Moderate Increase in October

San Antonio area home buyers contributed to a five percent jump in total home sales in October, despite less than four months of inventory available, according to the latest Multiple Listing Service Report (MLS) from the San Antonio Board of REALTORS®. Just over 2,500 homes sold during the month while the average days on market dropped four percent to 55 days. October ended with 2,203 home sales still pending.

Home prices were almost evenly split between the low and mid-ranges in October with 47 percent priced under $200,000 and 48 percent priced between $200,000 and $500,000. Homes priced over $500,000 accounted for the remaining five percent of the month’s sales, with 15 of those priced over $1 million.

The San Antonio area continues to be one of the most affordable metro areas in the state with almost half the homes priced under $200,000. In fact, the median price of a home in Bexar County in October was $196,000 while homes in Travis County sold for a median close to $340,000.

In other parts of Texas, housing market figures continued an upward trajectory. Sales in Harris County in October increased 6.3 percent year-over-year with a median price of $215,000 and sales in Dallas County rose 2.8 percent with a median sales price of $230,000. Meanwhile, sales in Travis County increased 1.4 percent with a median price of $339,000.

Back in the San Antonio area, the average sales price remained consistent with 2016 with a price just over $241,000. A total of 3,131 homes were listed in October, and 9,131 listings were active during the month.

With prices remaining stable and new listings continually coming on the market, there is something for both buyers and sellers here. For homebuyers this is a great time to look for a home as there tends to be less competition in the off-season. For sellers, this is a great time to sell as home prices have been steadily increasing and homes have been selling for an average of 97.4 percent of listed price.

Across the state of Texas, a total of 25,277 homes were sold in October, with the average price increasing 3.7 percent to $270,793. The median home price across Texas jumped up five percent to $220,500 while days on market remained low at just 59 days.

SABOR Multiple Listing Service Report: Home Sales Recap 

 SA Home Sales Recap October 2015 October 2016 October 2017
Total Month Sales 2,223 (5% increase) 2,399 (8% increase) 2,507 (5% increase)
Average Price $229,637 (10% increase) $240,373 (5% increase) $241,127 (0% increase)
Median Price $186,900 (6% increase) $203,300 (8% increase) $207,100 (2% increase)

*Percentage increases are based on a year-over-year comparison.

If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.

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Meritage Homes Offers Energy Efficient Homes at Tribute Ranch, Northwest San Antonio

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Home buyers in San Antonio now have more options for affordable, energy efficient homes with Meritage Homes new community of Tribute Ranch, a neighborhood of 140 single family homes in northwest San Antonio.  Homes in this neighborhood are available from approximately 1400 to 2800 square feet, single or two story, from 3 to 5 bedrooms with prices currently starting from the high $190,000s. Home buyers at Tribute Ranch have the choice of nine different floor plans with a choice of different elevations to select their ideal home.

Meritage is one of the leading energy efficient home builders in San Antonio, offering energy saving features such as spray foam insulation, Low-E windows, minimum 15-SEER HVAC, compact fluorescent and LED lighting, and low to zero VOC materials included as standard. Additional included features of homes at Tribute Ranch include granite countertops and recessed lighting in the kitchen, built in pest control system, 2 car garage with opener and M.Connected Home™ Home Automation Suite. The home automation suite offers home buyers security and peace of mind through the ability to monitor and control the home thermostat, lighting, garage door, door locks and a video doorbell.

Located outside of Loop 1604 off FM1560, between Culebra and Shaenfield roads, Tribute Ranch is convenient to local destinations for shopping, dining and recreation including HEB-Plus, Alamo Ranch Shopping Center, Shops at La Cantera, The Rim, Government Canyon State Natural Area and Six Flags Fiesta Texas. The community also has easy access to San Antonio downtown and other areas via Charles Anderson Loop 1604, Loop 410 and Highway 151.

TRIBUTE RANCH  Schools: **
Tribute Ranch is located within Northside Independent School District

  • Elementary – Kay Franklin Elementary School
  • Middle – Dr. John Folks Middle School
  • High School – Harlan High School

**School assignments may vary. Please contact the school district to verify.

For more information about homes in Tribute Ranch and any other San Antonio Real Estate needs contact Trudy Edwards at (210) 595-9801. Sign up at my website, http://www.TrueSARealEstate.com to receive information about homes for sale.

Highland Homes Offers Luxurious Homes in Stillwater Ranch, San Antonio

Highland Homes is building single and two story, 3 to 5 bedroom homes at Stillwater Ranch  ranging in size from approximately 2400 to 3,600 square feet with prices currently starting from the low $300,000s. Highland Homes offers impressive elevations, luxurious features and floor plans offering home buyers the options to truly build the home of their dreams. With over 30 years of experience in home building and working with home buyers, Highland Homes knows how to deliver quality construction with the finer details that discerning buyers will appreciate.

Stillwater Ranch is a master planned community of single family homes in northwest San Antonio, located outside of Loop 1604 off Culebra Road. Residents of Stillwater Ranch enjoy extensive community amenities including walking trails, fitness room, lighted tennis and basketball courts, a playscape and a 6,000 square foot pool with beach entry and lap lanes.

The community is also convenient to local destinations for shopping, dining and recreation including HEB-Plus, Alamo Ranch Shopping Center, Shops at La Cantera, The Rim, Government Canyon State Natural Area https://tpwd.texas.gov/state-parks/government-canyon and Six Flags Fiesta Texas. The community also has easy access to Charles Anderson Loop 1604, Loop 410 and Highway 151.

Stillwater Ranch Community Information – Annual HOA Dues: $621 per year*

Schools: ** Northside Independent School District

  • Elementary – Evelyn Scarborough Elementary School
  • Middle – Dr. John Folks Middle School
  • High School – Harlan High School

*This fee may be subject to change  **School assignments may vary.

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For more information about buying a home in Stillwater Ranch or any other San Antonio area neighborhood, contact Trudy Edwards at (210) 595-9801. Sign up at my website, http://www.TrueSARealEstate.com to receive information about homes for sale.

San Antonio Home Sales Taper in September Amid Tight Inventory

0917-SABOR-mkt-stats

The San Antonio summer home buying frenzy relaxed slightly in September as the school year began and the weather started to cool. Sales during the month numbered 2,587, a one percent decrease from this time last year, according to the Multiple Listing Service Report (MLS) from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. Despite the slight decline, median and average prices experienced moderate increases with the median rising five percent to $213,500 and the average increasing two percent to $247,058. The month ended with 2,152 sales still pending, 136 more homes than September of 2016.

“It is not unusual for sales to taper off once the summer season winds down. Kids are returning to school so families want to remain in one place, and many buyers and sellers like to be settled for the coming holiday season as well,” said Yvette Allen, SABOR’s 2017 Chairman of the Board. “This has still been a busy year for real estate in the San Antonio area. In fact, since January, a total of 23,414 homes have been sold, which is three percent more than this time period last year.”

Homes priced between $200,000 and $500,000 made up 50.3 percent of the homes sold in September and homes priced under $200,000 made up 45 percent of the month’s sales. Homes priced over $500,000 accounted for 4.8 percent of September’s sales, with 12 of those priced over $1 million.

Meanwhile, days on market plummeted seven percent from the previous year to just 52 days in September and months of inventory also remained low with 3.8 months available.

“In San Antonio, months of inventory have remained below four months for about two years making it a tight market that favors sellers,” said Gilbert Gonzalez, SABOR’s interim CEO. “This means that those looking to buy need to be ready to act fast. Know your budget and priorities, and work with an experienced REALTOR® who can help you navigate the process.”

In Texas, total home sales rose just 0.4 percent year-over-year for a total of 26,666 homes sold across the state. The average price increased 4.8 percent to $273,383 and the median rose 7.1 percent to $225,000. Months of inventory in the state measured just 3.9 months available.

SABOR Multiple Listing Service Report: Home Sales Recap

September 2015 September 2016 September 2017
Total Month Sales 2,384 (7% increase) 2,618 (9% increase) 2,587 (1% decrease)
Average Price $232,660 (6% increase) $241,757 (4% increase) $247,058 (2% increase)
Median Price $191,700 (4% increase) $203,700 (6% increase) $213,500 (5% increase)

*Percentage increases are based on a year-over-year comparison

If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.

Pomona Park – New Homes in Northwest San Antonio 

Pomona Park is a charming new home community of 61 single family homes in northwest San Antonio, located within Loop 1604 and tucked away within an established neighborhood off of Prue Road. Pomona Park offers easy access to South Texas Medical Center and local destinations for shopping, dining and recreation including HEB-Plus, Shops at La Cantera, The Rim, O.P. Schnabel Park and Six Flags Fiesta Texas.

Century Communities is building single and two story, 3 to 5 bedroom homes at Pomona Park ranging in size from approximately 1,477 to 3,000 square feet.

One of the unique floorplans available at Pomona Park is the Aspen floor plan, which is shown off to full advantage at the model home. This open concept home has an office just off the entry then opens to the island kitchen, dining and living area, with an inviting sun room at the rear, adjacent to the master bedroom. The Aspen is a 3 bedroom, 2 bath home at approximately 1848 square feet per plan.

Pomona Park is located within the Northside Independent School District.

POMONA PARK COMMUNITY INFORMATION

Homes Square Footage Range: approx. 1,477sq ft to 3,356 sq ft.

Annual HOA Dues: $690 per year*

SCHOOLS **

Elementary – Scobee Elementary School

Middle – Stinson Middle School

High School – Brandeis High School

*This fee may be subject to change

**School assignments may vary. Please contact the school district,

For more information about Pomona Park homes or other San Antonio area real estate, please contact Trudy Edwards at (210) 595-9801. Sign up at my website, http://www.TrueSARealEstate.com to receive information about homes for sale in Pomona Park.

Equifax Data Breach—What to Do to Protect Your Credit and Identity

On September 7th, 2017, Equifax, one of the three major credit reporting bureaus, revealed that hackers had gained access to their company data from May to July 2017. This data breach compromised the personally identifying information of 143 million American consumers, including names, social security numbers, addresses, dates of birth and driver license numbers. In addition, about 209,000 customer credit cards were compromised along with personal identification documents from 182,000 accounts in dispute.

This information could be used by criminals to open new credit accounts, file for tax refund anticipation loans, or otherwise impersonate individuals in a way that can be severely damaging to the victim’s finances and credit history.

Here are some steps you can take to  protect your personal information, identity and credit score.

1: Find out if you were affected – Equifax has created a site at www.equifaxsecurity2017.com where you can see if you were one of the millions of people whose data was compromised by the breach.

2. Sign up for credit monitoring – Equifax is offering free identity theft protection and credit file monitoring to all U.S. consumers for one year, regardless of whether they were impacted by this incident. To find out if you were affected by the breach and to enroll for Equifax’s credit monitoring service go to the www.equifaxsecurity2017.com page where you will be asked to provide your last name and the last six digits of your Social Security number.

To sign up for free credit monitoring you will be asked to provide additional information to verify your identity including a valid email address and mobile number. Within a few days, you will receive an email with a link to activate Equifax’ TrustedID Premier credit monitoring service. When the email arrives, you will need to follow the link to verify your email address and complete your enrollment.   The enrollment period ends on Tuesday, November 21, 2017.

3. Check Your Credit Reports – You can obtain a free copy of your credit report from each of the reporting agencies once a year at www.AnnualCreditReport.com. Check your credit reports and financial statements on a regular basis to look out for any suspicious activity such as payments you don’t recognize or accounts that you didn’t open. If you suspect someone used your identity to open credit card accounts or take out loans you must contact the company’s fraud department immediately.

4. Set up a Fraud Alert – A fraud alert makes it harder for identity thieves to open accounts in your name. When a fraud alert is set, companies are required to verify your identity by contacting you directly before opening a new credit account. To set a fraud alert, contact one of the credit card bureaus and ask for an initial fraud alert. You only need to contact one of the companies for the alert to be set, and it will last 90 days. After that, you’ll have to renew it.

5: Put a Freeze on Your Credit – If you want to make it even harder for anyone pretending to be you to open a new line of credit in your name you can contact the credit bureaus and place a freeze on your credit file to restrict access to your credit report.

6: File Your Taxes Early! – Criminals have used stolen identity information to file taxes to receive a tax refund anticipation loan.  File your taxes early in order to file before an impostor tries to file with your info. Contact the IRS immediately if you suspect a fraudulent return has been filed with your info.

Helpful Contact Info for Credit Bureaus & FTC

Equifax: 1-888-766-0008 www.Equifax.com

Experian:  1-888-397-3742 http://www.experian.com

Transunion: 1-800-680-7289 www.transunion.com

Federal Trade Commission, Consumer Response Center
1-877-IDTHEFT (438-4338)
www.ftc.gov/idtheft

 

San Antonio Home Sales Increase, Inventory Remains Low in August

SABOR 8-17 mkt-stats-graphic

The San Antonio area housing market continues to sizzle with total homes sold in August 2017 rising two percent from last year for a total of 2,984 according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR).

The average price of a home sold in the area was $252,613 while the median was $218,400, both three percent year-over-year increases. “Not only did the total number of sales continue to rise compared to 2016, but August also had the lowest days on market than any other month this year with just 48 days,” said Yvette Allen, SABOR’s 2017 Chairman of the Board. “This is six days less than August of last year and three days fewer than the state’s 51 days on market. Homes can sell fast depending on price and location, so those interested in buying need to be prepared to make a decision quickly.” Days on market was not the only indicator of a continuously tight market. Months of inventory has remained below four months, at 3.6 in August, for nearly two years.

Homes are continuing to come on the market with 3,768 new listings available in August and 9,780 properties active. The month ended with 2,260 sales still pending.

Homes priced between $200,000 and $500,000 remained the dominant price range for buyers in August with this segment accounting for 52 percent of the month’s transactions. Homes priced under $200,000 made up 42.6 percent of the sales in August and 5.3 percent of the homes sold last month were priced over $500,000.

“Interest rates continue to remain low compared to previous years which allows buyers to make their money go further and get more house for their dollars,” said Angela Shields, SABOR’s President and CEO. “The best course of action when you are weighing your options to find the right house and price point for you is to work with a local REALTOR® who can guide you through the process.”

SA Home Sales Recap Aug-15 Aug-16 Aug-17
Total Month Sales  2,561 (5% increase) 2,918 (13% increase)  2,984 (2% increase)
Average Price  $236,259 (7% increase) $245,537 (4% increase)  $252,613 (3% increase)
Median Price  $198,300 (8% increase) $211,900 (7% increase) $218,400 (3% increase)

*Percentage increases are based on a year-over-year comparison.

If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.

 

 

San Antonio Housing Market Continues to Outpace Previous Years

June 2017 SA housing Infographic

Growing prices paired with low supply have not deterred San Antonio area home buyers who continue to flood the market seeking their dream homes, pushing up the total home sales for the first six months of 2017 to 14,845, a four percent year-over-year increase according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. To date this year, the average and median sales prices have also both increased, by a moderate five percent to $248,923 and $211,700, respectively.

“Our local market consistently outperforms last year’s, putting the San Antonio area on track for another record-breaking year,” said Yvette Allen, SABOR’s 2017 Chairman of the Board. “Though prices have increased, they are still generally lower than those in other major Texas metros. This affordability combined with so many jobs relocating here as well as our booming tech, medical and military industries help San Antonio maintain its popularity among buyers.”

In June, homes priced below $200,000 made up 41.4 percent of homes sold while homes priced between $200,000 and $500,000 accounted for 52.9 percent of the month’s sales. Homes priced over $500,000 made up 5.8 percent of the market.

The median and average prices experienced five percent year-over-year growth during the June, with the median home price rising to $222,000 and the average price increasing to $257,753. Months of inventory remained low with just 3.8 months available. The month ended with 2,512 sales still pending, a two percent increase from June 2016. Price per square foot rose four percent year-over-year to $115 and 97.9 percent of homes sold for the list price.

“This continues to be a hot market, and homes can sell quickly. For buyers interested in purchasing a home this summer, they can prepare by identifying their must-haves in a home, getting pre-approved and working closely with their REALTOR®,” said Angela Shields, SABOR’s President and CEO.

SA Home Sales Recap June 2015 June 2016 June 2017
Total Month Sales 2,897 (18% increase) 3,053 (5% increase) 3,177 (4% increase)
Average Price $242,011 (5% increase) $246,044 (2% increase) $257,753 (5% increase)
Median Price $201,100 (6% increase) $212,000 (6% increase) $222,000 (5% increase)
  Year-to-Date January-June 2015 January-June 2016 January-June 2017
Total Month Sales 13,212 (12% increase) 14,268 (7% increase) 14,845 (4% increase)
Average Price $230,951 (7% increase) $236,234 (2% increase) $248,923 (5% increase)
Median Price $192,600 (8% increase) $$200,900 (4% increase) $211,700 (5% increase)
*Percentage increases are based on a year-over-year comparison.

If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.

San Antonio Area Home Prices Rise as Summer Nears

SABOR-mkt-stats-graphic-0417Increased demand for homes and low inventory in the San Antonio area gave home prices a boost in April. The average sales price of a San Antonio area home in April 2017 was $252,854 and the median sales price was $215,500, both increases of eight percent over last year’s figures, according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS.

Meanwhile, total home sales took a two percent dip and months of inventory inched up to 3.6 months from March’s 3.5 months. “Though home sales experienced a small decrease, we saw 3,783 new listings come on the market last month with 8,845 listings active, the highest all year,” said Yvette Allen, SABOR’s 2017 Chairman of the Board. “This means sellers are taking the opportunity to get their homes on the market as the summer buying season gets closer and gives us a little more inventory to accommodate all the buyers looking for homes.”

In April homes spent just 59 days on the market, consistent with March’s duration and a day less than this time last year. The price per square foot increased $115 which is a seven percent over the average of April last year. The month ended with 2,538 sales still pending.

Half the homes sold in April 2017 were priced between $200,000 and $500,000 while 44 percent were priced under $200,000. Homes priced over $500,000 made up the remaining six percent of sales in April, with 18 of those homes priced over $1 million.

Bexar County reported a total of 1,825 single-family homes sold in April, a 2.5 percent year-over-year decrease. The average price of a home sold in the county was $244,055, a 7.8 percent increase from 2016 while the median was $205,000, a 6.8 percent increase.

In Texas total home sales in April decreased 0.2 percent for a total of 25,990 homes sold. The average price of a home sold in the state was $276,535 and the median was $225,000, both increases from last year.

“Prospective buyers looking to move this summer should prepare by seeking preapproval from a lender, knowing their budget and getting with a REALTOR® to discuss their housing priorities,” said Angela Shields, SABOR’s President and CEO. “They also need to be ready to make a decision quickly.”

If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.

San Antonio Home Sales Recap Apr-15 Apr-16 Apr-17
Total Month Sales  2,392 (13% increase)  2,481 (4% increase) 2,427 (2% decrease)
Average Price 2,427 (2% decrease) $234,575 (4% increase) $252,854 (8% increase)
Median Price  $189,900 (7% increase) $199,400 (5% increase) $215,500 (8% increase)

Modest Increase in San Antonio Home Sales February 2017

0217-SABOR-mkt-stats-graphicSan Antonio area home sales picked up in February 2017 with 1,954 sales, a three percent increase over February 2016 according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS.

Both the average and median sales prices of single-family homes remained steady with the average climbing just three percent to $234,040 and the median increasing six percent to $201,500. Meanwhile, February’s housing inventory was just 3.3 months, remaining below the four month mark now for 18 months straight.

“Though prices here have grown, the increases are steady and sustainable unlike many other large cities in the country,” said Michele Bunting Ross, SABOR’s 2017 Chairman of the Board.

In February, nearly 3,000 new homes were listed and the month ended with 2,059 sales still pending. Homes spent an average of 63 days on the market, which is an 11 percent drop from February last year. The price per square foot of a home grew four percent to $110 and 97.6 percent of homes sold for list price.

The majority of homes sold in the San Antonio area continue to be priced under $200,000 with those sales making up 49.5 percent of the month’s market. Homes priced between $200,000 and $500,000 accounted for 46.1 percent of February’s sales and homes priced over $500,000 made up 4.5 percent of the sales. Of the homes sold over $500,000, nine were priced at $1 million or above.

In Bexar County last month, a total of 1,441 single-family homes were sold for an average price of $220,377. Of the homes sold in the county, 1,262 were existing homes while 179 were new construction properties.

Meanwhile, for the whole state of Texas, total home sales remained consistent with the previous year’s figure, reporting 19,313 sales in February. However, the average price in the state increased 11.1 percent to $269,854 while the median rose 10.3 percent to $215,000.

For San Antonio area home buyers and sellers, SABOR’s President and CEO, Angela Shields offered this advice, “The key is to work with a Realtor. For sellers, they need to make sure they are pricing and marketing their home right to get it sold, and for buyers the expertise of an objective professional can help them navigate one of the largest purchases they’ll ever make. Especially in such a tight market, you’ll want someone who knows the ropes to help you through the process.”

If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.

 SA Sales Recap Feb-15 Feb-16 Feb-17
Total Month Sales  1,717 (14% increase) 1,890 (10% increase)  1,954 (3% increase)
Average Price $220,202 (8% increase)  $227,812 (4% increase)  $234,040 (3% increase)
Median Price  $187,800 (9% increase) $190,800 (1% increase)  $201,500 (6% increase)
*Percentage increases are based on a year-over-year comparison.