Monthly Archives: June 2012

San Antonio Home Sales Continue to Increase in May

The San Antonio Board of REALTORS® (SABOR) recently released its report on May housing sales in San Antonio which showed that the number of sales of single-family homes increased 4% compared to May 2011. Key housing indicators all improved in May 2012 compared to May 2011.

The average price for a single family home in San Antonio also increased by 4% to $197,451, while the median home price increased 5% to $161,400, compared to May 2011. Both average and median prices have improved month over month this year, marking a favorable housing trend for the year.

Liza Reyes

Liza Reyes, 2012 SABOR  Chairman

“We’re glad to see that home sales continue to increase,” said Liza Reyes, 2012 SABOR Chairman of the Board. For five consecutive months, San Antonio has had less than 7 months supply of home inventory, signaling a very balanced market in terms of supply and demand which favors both buyers and sellers.SABOR President and CEO Angela Shields said “we credit the strength of the housing market to San Antonio’s continued job growth, affordability and low interest rates

Lawrence Yun, National Association of REALTORS® chief economist, said the national housing recovery is underway. “It is no longer just the investors who are taking advantage of high affordability conditions. A return of normal home buying for occupancy is helping home sales across all price points, and now the recovery appears to be extending to home prices,” he said. “The general downtrend in both listed and shadow inventory has shifted from a buyers’ market to one that is much more balanced, but in some areas it has become a seller’s market.”

May 2012 SABOR Statistics

  • $197,451– Average price for single-family homes in May 2012, 4% higher than a year ago.
  • $161,400 – Median price for single-family homes in May 2012, 5% higher than a year ago.
  • 1,889Total number of single-family residential home sales in May 2012, 4% higher than a year ago.
  • 1,778 – The number of pending home sales in May 2012.

For more information about buying or selling a home in the San Antonio area, contact San Antonio real estate resource, Trudy Edwards of KELLER WILLIAMS Realty Heritage at (210) 595-9801 or truesarealestate@gmail.com for a complimentary consultation.

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Parade of Homes at The Dominion 2012

Each year the Greater San Antonio Builders Association hosts the Parade of Homes where builders showcase their artistry in architecture, design and craftsmanship and the latest in trends in home appliances, lighting, state of the art technology, landscaping and home services.

The 2012 Parade of Homes was recently showcased at The Dominion, in Andalucia at The Dominion and Aragon at The Dominion. The Parade of Homes was open to the public and hundreds of people took advantage of the opportunity to tour these luxurious dream homes that would easily grace the pages of Architectural Digest. The Parade of Homes is always a great opportunity for potential home buyers to see the finest homes at the leading edge of home building and design available in San Antonio.

 

Builders featured at this year’s Parade of Homes –

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Design trends showcased at this year’s Parade of Homes included mixtures of textures and materials, transitional blends of traditional elegance and clean contemporary lines and home features such as outdoor living areas, spa-like master baths, wine rooms, caterer’s kitchens and home automation systems. Many of the builders are also utilizing the latest in green building trends and techniques such as Energy Star® appliances, spray foam insulation, blown in cellulose insulation, 15-SEER air conditioning units, tankless water heaters, low-E vinyl windows and other energy efficient materials to increase the to increase energy efficiency of the home.

The Dominion is one of San Antonio’s premier luxury home communities, nestled in The Texas Hill Country, yet just twenty minutes from downtown San Antonio. The amenities at The Dominion include a grand entrance, 24-Hour guard and The Dominion Country Club, which features an aquatic center, tennis courts, club house, and world class golf course that hosts the annual PGA Senior gold events. The community has 600 homes that range in size from garden homes to estates.

If you would like to learn more about the homes and lifestyle opportunities available at The Dominion, or are interested in purchasing a new home at any other San Antonio community contact Trudy Edwards of Legend Realty Group, KELLER WILLIAMS Realty Heritage at truesarealestate@gmail.com or (210) 595-9801.