Monthly Archives: November 2017

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.