San Antonio Housing Market Continues 2014 Trends in January 2015
San Antonio – San Antonio’s January housing market continued the strong pace set in 2014 by kicking off with marked growth in prices and sales from previous years. According to the January 2015 Multiple Listing Service report by the San Antonio Board of REALTORS® (SABOR), a total of 1,428 homes were sold last month, a five percent increase from the same month in 2014. Meanwhile, both the average and median prices also showed significant increases, with each rising by nine percent from 2014.
According to the 2014-Q4 Texas Quarterly Housing Report recently released by the Texas Association of REALTORS® 66,664 single-family homes were sold in Texas in the fourth quarter of 2014, an 8.46 percent increase from the same quarter of 2013. Additionally the Real Estate Center at Texas A&M University that generated the report expects home sales in the first half of 2015 to continue the trend of 2014 with increases in home prices and low inventory.
“We saw year over year growth in our prices and sales figures throughout 2014, and with January getting off to a similar start, we expect 2015 to continue that trend,” said Mary Ann Jeffers, SABOR’s 2015 Chairman of the Board. “Our inventory remains low with just 3.6 months in January, and we ended the month with 1,615 sales still pending.”
In January, 59.2 percent of homes sold were priced under $200,000, nearly a seven percent decrease from January 2014. Meanwhile, homes priced between $200,000 and $500,000 made up 37.3 percent of sales, a six percent increase from 2013, and homes over $1 million accounted for 3.4 percent of sales, a half percent increase from last year.
“We have watched our mid-range and high-range markets increase over the last year, and 2015 looks to be no different so far. With our low cost of living, growing job market and continually low interest rates, homeowners are able to make their money go further,” said Angela Shields, SABOR’s President and CEO.
|San Antonio Home Sales Recap||January 2013||January 2014||January 2015|
|Total Month Sales||1,255 (24% increase)||1,363 (7% increase)||1,428 (5% increase)|
|Average Price||$184,403 (4% increase)||$194,312 (6% increase)||$212,222 (9% increase)|
|Median Price||$151,100 (3% increase)||$161,900 (7% increase)||$176,700 (9% increase)|
*Percentage increases are based on a year-over-year comparison
If you are thinking of buying or selling a home in San Antonio and would like to learn more about the San Antonio real estate market, contact your San Antonio real estate resource, Trudy Edwards, for more information. Trudy Edwards is a real estate sales and marketing professional and an Accredited Buyer Representative with Keller Williams Realty Heritage. Contact Trudy Edwards at (210) 595-9801 or firstname.lastname@example.org.
Posted on February 20, 2015, in average home price, home sales, Market Statistics, San Antonio and tagged average home price, Average Sales Price, Days on Market, home sales, Market data, San Antonio Real Estate. Bookmark the permalink. Leave a comment.