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San Antonio Home Sales Finish Strong in August

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After a slight decline in the volume of home sales in July, San Antonio area home sales bounced back strong in August and ended with a 13 percent increase in sales over the same time last year, according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR). Inventory remained below four months for the twelfth consecutive month, causing prices to continue their moderate increases.

The average price of a home in August rose four percent to $246,515 while median edged up seven percent to $211,800. The median has stayed over $200,000 since May.

In August, 46 percent of the homes sold in the San Antonio area were priced under $200,000 while homes priced between $200,000 and $500,000 accounted for 49 percent of the market. Homes priced over $500,000 made up five percent of the sales last month, up 0.5 percent from July.

The San Antonio area also continues to prove its affordability when compared to other markets around Texas. In Bexar County, the median price of a home sold in August was $194,000 while the median sales price in Harris County was $206,000 and the median in Dallas County was $210,000. Meanwhile, nearby in Travis County homes sold for a median price of $332,500.

“Though our prices may increase year-over-year, we still remain well below many of the other metro areas in the state,” said Angela Shields, SABOR’s President and CEO. “We also have so much diversity in our inventory with homes at all different price points. This makes it a prime area for both buyers looking for their new home and sellers wishing to put their house on the market.”

If you would like to learn more about buying or selling a home in the San Antonio real estate market it pays to work with a REALTOR® who knows and understands the area and market. If you are thinking of buying or selling a home in the San Antonio metropolitan area, and would like 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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San Antonio Home Sales Recap Aug-14 Aug-15 Aug-16
Month Total # of Sales 2,427 (2% increase)  2,561 (5% increase)  2,900 (13% increase)
Average Price $222,385 (6% increase) $236,259 (7% increase) $246,515 (4% increase)
Median Price  $182,900 (5% increase) $198,300 (8% increase) $211,800 (7% increase)
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San Antonio Area Home Sales Increase in First Quarter 2016

The San Antonio area housing market continues to pick up steam with 5,911 homes sold in the first quarter of 2016. This is a 10 percent year-over-year increase in the number of sales according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS.mkt-stats-graphic-0316sm

The average sales price for the quarter rose three percent to $227,971 while the median sales price increased four percent to $192,900. In just the month of March, sales increased 14 percent for 2,523 homes sold.

“As we head into the spring, it is common for sales to increase. The weather is warmer and people want to beat the summer buying frenzy,” said Bob Jacobs, SABOR’s 2016 Chairman of the Board. “We ended the month with 2,439 sales still pending, more than we had at our peak last year. This increased activity sets us up for a busy spring and summer.”

Since January, home sales across the state increased as well with sales jumping 8.1 percent for a total of 60,778 homes sold with an average sales price of $246,427, a 2.7 percent increase. In Bexar County, sales rose 13.2 percent for 4,596 total sales this quarter. The average price of a home sold in the county was $217,798, a 3.9 percent year-over-year increase.

In the San Antonio and surrounding areas, just over half the homes sold since January were priced under $200,000 with this segment making up 53.56 percent of sales. Homes priced between $200,000 and $500,000 made up 42.12 percent of the homes sold and homes priced over $500,000 accounted for 4.31 percent of the sales this year.

“Our prices continue to be affordable, particularly when compared to other large cities in the state and nation,” said Angela Shields, SABOR’s President and CEO. “We are fortunate to be in an area that offers all the amenities of a big city but with housing available at a broad range of prices. There is something for everyone here.”

If you’d like help finding the home that is right for you or if you need to sell your home before making a move, it pays to work with a REALTOR who knows the San Antonio area market. Contact Trudy Edwards, of Keller Williams Realty, at (210) 595-9801 or TrueSARealEstate@gmail.com to help make your next move.

San Antonio Reports Steady Home Sales Growth Feb. 2016

San Antonio Area Housing Market Reports Steady Growth in February 2016

San Antonio and surrounding areas continued to experience considerable growth in the housing market with February 2016 reporting a 10 percent year-over-year increase in total sales compared to February 2015.

According to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS, a total of 1,889 homes were sold in the area during February 2016. Prices maintained a steady rate of increase as the average sales price reached $228,992, a four percent (4%) increase and median price inched up just one percent (1%) to $190,400.

“Our price increases remain pretty even which is a good sign of our market’s stability,” said Bob Jacobs, SABOR’s 2016 Chairman of the Board. “While months of inventory remains low at 3.6 months, there are still enough homes available to keep prices from driving up like they do in other parts of the country, consistently making this an affordable area to live in.”

In Texas, a total of 19,013 homes were sold in February, a 9.9 percent increase. Average sales price rose slightly by 2.1 percent to $243,418 while the median edged up 4.3 percent to $195,000.

Meanwhile, Bexar County experienced a 10.6 percent increase in total sales for 1,431 homes sold. The average price of a home sold in the county increased 4.5 percent to $218,736 and the median price had a slight decline of 0.7 percent to $180,000.

In the San Antonio area, the majority of homes sold were priced under $200,000 with those sales making up 54.47 percent of the homes sold in February. Homes priced between $200,000 and $500,000 accounted for 40.92 percent of the month’s sales and 4.55 percent of the homes sold were priced over $500,000. Homes in the San Antonio area spent an average of 71 days on the market, four days fewer than in February of 2015. The average price per square foot was $106 and the month ended with 2,184 sales still pending.

“We had 3,087 new listings in February alone which is over three hundred more than this time last year,” said Angela Shields, SABOR’s President and CEO. “We continue to see a steady stream of people entering the housing market and taking advantage of the low rates and available inventory. For anyone who has been on the fence about buying and selling, this is a great time to get started.”

If you are thinking of buying or selling a home in the San Ant0nio area and would like to receive a no obligation consultation with an experienced REALTOR® to discuss the real estate market in more detail, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage at (210) 595-9801 or TrueSARealEstate@gmail.com.

 

Strong Summer Home Sales Continue Into September

Sept-15-stats-graphic-0915smHome sales were strong in San Antonio throughout the summer and that trend continued through August and into September. “Our summer buying season was one of the most active we’ve seen,” said Angela Shields, President and CEO of the San Antonio Board of REALTORs (SABOR). SABOR reports on all areas contained within its Multiple Listing Service (MLS) area in its monthly reports.

In August 2015 SABOR reported a five percent increase in sales volume for a total of 2,551 homes sold in the San Antonio area. The report also showed the average home sales price increased in August 2015 by seven percent to $237,168 while the median price rose eight percent to $197,100. In August homes spent an average of 50 days on the market and there was 4.0 months of inventory available.

In the month of September 2015, days on market in the San Antonio increased by 2 to 52 days, while months of inventory remained at 4.0 months. More than 97 percent of homes sold for list price in September and the month ended with 1,979 sales still pending.

Homes priced under $200,000 accounted for 53 percent of the sales in September in the San Antonio and surrounding areas. Homes priced between $200,000 and $500,000 made up nearly 42 percent of sales and homes priced over $500,000 accounted for nearly five percent of the month’s sales, with 13 of those priced over $1 million. Of the 1,086 homes sold in just the city limits of San Antonio during the month, 1,022 were existing homes while 64 were new construction.

In September 2015 the average price of homes sold in the San Antonio area was $233,218, a six percent increase over 2014. Existing homes in the San Antonio area sold for an average of $198,331, a 9.6 percent year-over-year increase. For new construction homes, the average sales price in September was $293,358, a 25.7 percent increase over 2014.

Year to date data showed that in the San Antonio area there were 11 percent more home sales during the first three quarters than this time last year according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. For the first nine months of 2015 the average sales price was $232,931, a seven percent year-over-year increase while median went up by eight percent to $194,100. Average days on market for the year to date remains low at 59 days while the price per square foot climbed six percent to $105.

Texas as a whole also experienced several increases in sales and prices. For the state of Texas, a total of 25,975 homes were sold during September, an 8.6 percent increase from 2014. Median price for the state rose six percent to $196,000 while average price reported a 3.4 percent year-over-year increase to $248,329.

San Antonio Home Sales Sept. 2013 Sept. 2014 Sept. 2015
Total Month Sales 2,005 (20% increase)  2,245 (14% increase) 2,413 (7% increase)
Average Price $205,359 (7% increase) $220,583 (7% increase) $233,218 (6% increase)
Median Price $168,800 (7% increase) $185,000 (9% increase) $191,700 (4% 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 area it pays to work with a REALTOR who knows the local market. For more information about buying or selling a home in San Antonio, contact your San Antonio area real estate resource, Trudy Edwards at (210) 595-9801 or TrueSARealEstate@gmail.com.

San Antonio Home Sales Heat Up in July 2015

It’s been a busy summer for home buyers and home sellers in the San Antonio-New Braunfels Metropolitan Statistical Area. San Antonio Board of REALTORS® (SABOR)’ recently reported a total of 2,978 sales of existing and new homes in July in the area representing a jump of 18.6 percent in a year-over-year to comparison. Home prices moved up also in July with the average sales price increasing by 4.7 percent to $240,469 and the median home price by 6.4 percent to $200,000.

“Our market this summer continues to outperform previous years,” said Mary Ann Jeffers, 2015 Chairman of the San Antonio Board of REALTORS®. “In addition to the rise in sales and prices, months of inventory in July remained low with 4.1 months while days on market plummeted to just 48 days, 3 days less than the Texas average of 51.”

The majority of the month’s sales were existing homes which experienced an 18.7 percent increase with a total of 2,642 existing homes sold.  Existing homes sold for an average sales price of $231,371, a 4.6 percent year-over-year increase, while the median was $190,000, a 6.4 percent increase from 2014.

New home construction also saw significant growth in July. Sales of new home construction shot up 17.5 percent for a total of 336 homes sold with an average sales price of $311,886, a 5.5 percent increase from 2014. Median price was $280,000, a 4.8 percent year-over-year increase.

These increases come on the heels of a recent report from WalletHub which ranked San Antonio’s housing market as the third healthiest in the country due to affordable prices and equity levels. In fact, of the three Texas cities that made the list, San Antonio claimed the highest spot.

Bexar County alone reported significant growth with 2,204 homes sold in July, a 14.3 percent increase from 2014. In Bexar County the average sales price increased by 4.5 percent to $230,489 and the median sales price increased 6.0 percent to $189,000.

“Not only is the San Antonio area reporting strong numbers, but the whole state has experienced immense growth as well,” said Angela Shields, SABOR President and CEO. “Texas reported 169,757 homes sold since January, a 5.8 percent year-over-year increase with total dollar volume up 12.4 percent. We continue to be one of the fastest growing states due to our affordability, strong economy and warm weather.”

If you are thinking of buying or selling a home in San Antonio and would like to find out if now is a good time for you to buy or sell, contact your San Antonio real estate resource, Trudy Edwards of Keller Williams Realty Heritage at (210) 595-9801 or truesarealestate@gmail.com.

Home Sales Remain Strong in San Antonio Summer

June-2015-mkt-stats-graphic-0615According to the June 2015 Multiple Listing Report by the San Antonio Board of REALTORS® (SABOR), home sales saw their biggest increase yet this year in June with 2,925 homes sold. This is an 18 percent increase from the same month in 2014 and the largest number of sales in a single month this year. While both the average and median sales prices dropped marginally from May, both saw increases from last year. June’s average sales price rose five percent to $242,588 and the median price edged up six percent to $200,900.

The average sales price has remained over $200,000 since February 2014 while the median has maintained that level since May 2015. “Our market has been favorable to sellers this year as prices keep growing and length of time to sell a home continues to shrink,” said Mary Ann Jeffers, SABOR’s 2015 Chairman of the Board. “In June, homes sold for 97.8 percent of list price and price per square foot shot up to $108, a four percent increase from last year. It’s a prime market for sellers.”

Many sellers are jumping into the market as low inventory often creates faster sales and higher home prices in many areas. According to Fannie Mae’s recent National Housing Survey, 52 percent of Americans surveyed believe now is a good time to sell, the first time this metric has risen above 50 percent. In June, 3,875 new listings came on the San Antonio market, nearly 18 percent more than this time last year, and the month ended with 2,381 sales still pending. Days on market in San Antonio continue to fall with June reporting just 52 days, a 21 percent drop from June 2014, and months of inventory remains steady at 4.0 months.

While the market is tight for buyers, they are still finding homes to meet their needs. In June, homes priced below $200,000 continued to make up the majority of sales in the San Antonio market with 49.74 percent of homes sold priced in this bracket. Homes selling over $500,000 continued to climb with June reporting 5.88 percent in this range. Of those, most were priced between $500,000 and $600,000 with a total of 12 homes sold over one million dollars. Homes priced between $200,000 and $500,000 accounted for 44.41 percent of the month’s sales. “As the number of new listings continues to surge, buyers still have options when it comes to finding their dream home,” said Angela Shields, SABOR’s President and CEO.

San Antonio Home Sales Recap Jun-13 Jun-14 Jun-15
Month Total # of Sales  2,337 (12% increase) 2.483 (6% increase) 2,925 (18% increase)
Average Price $219,489 (6% increase) $231,919 (6% increase) $242,588 (5% increase)
Median Price $179,400 (6% increase) $189,200 (5% increase)  $200,900 (6% 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 find out if now is a good time for you to buy or sell, contact your San Antonio real estate resource, Trudy Edwards of Keller Williams Realty Heritage at (210) 595-9801 or truesarealestate@gmail.com.

Despite Recent Increases, San Antonio’s Housing Remains Affordable

April 2015 San Antonio Housing Market Statistics

April 2015 San Antonio Housing Market Statistics

There was plenty of activity in the San Antonio real estate market as single-family home sales increased 13 percent over the number of homes sold in April 2014.

Homes priced under $200,000 accounted for the majority of sales according to figures in the April 2015 Multiple Listing Report recently released by the San Antonio Board of REALTORS® (SABOR).

The number of days homes are staying on the market is now down to just 59 days while months of inventory rose slightly to 3.8 months from 3.6 months in March.  April’s average price edged up six percent year-over-year to an average of $224,426 and the median price rose 7 percent to $189,300.

“Though our prices continue to show increases and our supply remains low, San Antonio is still an affordable market compared to what we are seeing nationally,” said Mary Ann Jeffers, SABOR’s 2015 Chairman of the Board. “During the first quarter, the national median sales price for existing single family homes was $205,200 while San Antonio’s was just $184,200.”

According to Realtor.com, the increases seen around the country in prices are correcting for severe price declines in the recent past. These higher prices are to be expected as the economy improves. Home sales have strengthened as more buyers have entered the market during the spring buying season, and sustained job growth and interest rates below four percent have also been a catalyst behind the improvement in sales.

Growing prices coupled with low supply have not deterred local buyers who continue to flood the market seeking their dream homes. In April, the month ended with 2,390 sales still pending, a 13.6 percent increase from April 2014.

“With so many sales still pending, we head into the summer buying season with a healthy start and expect to keep seeing strong sales figures,” said Angela Shields, SABOR’s President and CEO. “Higher prices should encourage more owners to put their homes on the market and builders to start more construction. Already our inventory has edged up slightly and we hope to continue to see the steady demand result in an increased supply.”

San Antonio Home Sales Recap April 2013 April 2014 April 2015
Month Total # of Sales 1989 2123 2398 
Average Price $204,222 $210,941 $224,426
Median Price $168,300 $177,000 $189,300

*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 find out if now is a good time for you to buy or sell, contact your San Antonio real estate resource, Trudy Edwards of Keller Williams Realty Heritage at (210) 595-9801 or truesarealestate@gmail.com.

San Antonio Housing Market Continues 2014 Trends in January 2015

San Antonio Home Sales Stats Jan. 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 truesarealestate@gmail.com.

San Antonio Home Sales End Year Strong, December 2014

Dec 2014 SA housing Infographic

San Antonio Housing Market Ends Year Strong

The San Antonio Board of REALTORS recently released the sales statistics for December 2014 along with the total 2014 sales numbers. The report showed that a total of 24,735 homes were sold since January 2014 which is a five percent (5%) increase from the same period in 2013. The Average Sales Price for the year rose five percent (5%) to $218,762 and the Median Sales Price climbed by six percent (6%) to $180,600.

The month of December itself also saw increases across the board with a whopping 16 percent (16%) increase in sales from the previous December for a total of 2,083 sales.

At the end of November, 2014, the San Antonio real estate market had only 3.9 months of inventory. By the end of December 2014 that had decreased even further to only 3.5 months of inventory. With a shortage of inventory, homes are selling faster, as shown by the Days on Market Average that at the end of December 2014 was only 70 days.

Mary Ann Jeffers, SABOR’s 2015 Chairman of the Board remarks that “The tight inventory makes this a sellers’ market while low interest rates allow buyers to make their money go further. It’s a good time to buy or sell on both fronts.”

At the recent SABOR San Antonio Housing Forecast, Mario Hernandez of the San Antonio Economic Development Foundation gave updates on the status of employment and companies moving to San Antonio. At the end of 2014 the unemployment rate in San Antonio was down to only 4.3% compared to 6% in 2013 as job growth increased 2.62% in 2014. Hernandez also highlighted some of the factors that attract companies to invest in San Antonio –

  • affordable land and energy
  • a skilled workforce of over 1 million
  • 15 schools and colleges with over 150,000 enrolled
  • Cost of living 9.2 points below US average

Hernandez also highlighted that San Antonio has been hailed by the national media in 2014 as—

  • “Best City For Business” by Forbes Magazine
  • “#4 Boomtown in US” by Bloomberg
  • “#3 New Tech Hotspot” by Forbes Magazine

All of these factors indicate that it is a great time to buy or sell a home in San Antonio.

Sales Recap  December 2012 December 2013  December 2014
Total Month Sales 1,548 (9% increase)  1,800 (14% increase) 2,083 (16% increase)
Average Price $193,374 (4% increase) $212,827 (10% increase) $224,193 (5% increase)
Median Price $160,400 (5% increase) $173,100 (7% increase) $184,100 (6% increase)

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 you 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 truesarealestate@gmail.com.

San Antonio Housing Inventory Hits a Six Year Low

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San Antonio Market Statistics, September 2013

According to the statistics for September 2013, the housing inventory in San Antonio hit a six year low in September with just 4.6 months of inventory. Homes listed for sale spent an average of only 70 days on the market and 97 percent of homes sold for the listed price. According to the September 2013 San Antonio Board of REALTORS® (SABOR) Multiple Listing Service Report,  a total of 2,031 homes were purchased during the month, which is a 20 percent increase over September 2012.

“We have seen our inventory getting smaller and smaller all year, making this more of a competitive market,” said Steven Gragg, 2013 SABOR Chairman of the Board. “Low inventory could result in sellers receiving multiple bids on homes located in prime locations or being able to sell closer to their asking price.”

The average price in San Antonio of a home sold in September 2013 was $205,728 and the median price was $168,700. Both median and average prices are seven percent increases from the same month in 2012. Year-to-date the average sales price also increased by seven percent to $207,103 and the median grew by six percent, to $169,900.

The price breakdowns showed a slight increase in September from previous months for homes sold in the low range (below $200,000), with those accounting for 62.24 percent. Homes priced in the mid-range (between $200,000 and $500,000) made up 33.97 percent of sales and homes costing over $500,000 accounted for 3.69 percent of homes sold.

According to the National Association of REALTORS®, the Texas housing market largely avoided the crisis other states experienced over the past few years, crediting Texas’ vibrant job market and growing population. Texas has also seen substantial declines in foreclosure notices filed. In fact, according to Realty Trac, between July and September, Texas experienced a decline of 44.6 percent in foreclosure filings, compared to 29 percent nationwide.

“Interest rates have been at historic lows for some time now allowing many people to take advantage of the opportunity. Although the rates have started to inch up, they still remain below five percent making home buying affordable for a wide range of people,” said Angela Shields, SABOR President and CEO.

San Antonio Home Sales Recap        
    Sep- 2011   Sep- 2012 Sep-2013
Total   Month Sales  1,576       1,686   2,031
Average   Price                      $189,723   $193,026   $205,728
Median   Price                       $154,600   $158,400   $168,700

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 you 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 truesarealestate@gmail.com.