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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 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.

San Antonio Home Sales Surged in February 2015

San Antonio February 2915 Home Sales Statistics infographicReporting 1,724 San Antonio area homes sold in February 2015, a 14 percent year-over-year increase from 2014, the San Antonio Board of REALTORS® (SABOR) remarked in their February 2015 Multiple Listing Service report that this boom in home sales indicates a steady spring market on the horizon.

At the end of the month there were 1,881 sales still pending. This was a 21.5 percent increase from 2014 and a strong lead into March.

The San Antonio housing inventory remains low, at just 3.6 months. Days on market dipped down to 74 days while the average price per square foot edged up five percent to $101.

“We continue to see unprecedented growth in the San Antonio housing market in just about every area,” said Mary Ann Jeffers, SABOR’s 2015 Chairman of the Board. “Nationally, improved buyer demand at the beginning of 2015 pushed pending home sales in January up and buyers closed on homes at a swift pace despite tight inventory.”

According to the National Association of REALTORS®, total existing-homes sales in 2015 are forecast to be around 5.26 million, an increase of 6.4 percent from 2014. The national median existing-home price for all of this year is expected to have an increase near five percent.

Low interest rates as well as growth in jobs and income continue to play a role in San Antonio’s housing market boom. According to the recently released 2014 Profile of Texas Homebuyers and Sellers by the Texas Association of REALTORS®, the median household income among homebuyers in Texas increased 5.9 percent year-over-year. This is more than four times the increase in median household income among homebuyers nationally.

Locally, this increase in household income is likely a contributing factor to the shift towards more sales of homes priced in the mid-range ($200,000 – $500,000). Homes sold in this range grew seven percent from last year and made up 40.7 percent of February’s sales. Homes priced under $200,000 made up 55.6 percent of the market and homes priced over $500,000 accounted for 3.5 percent of the homes sold.

“An increase in income is a great asset for buyers who are looking to get pre-qualified for a mortgage and calculating their ability to afford the costs of homeownership,” said Angela Shields, SABOR’s President and CEO. “With people steadily moving into the city for jobs, including our military and medical personnel, there is always a market for both buyers and sellers at many different price points.”

 

San Antonio Home Sales Recap Feb. 2013 Feb. 2014 Feb. 2015
Total Month Sales 1,411 (8% increase)  1,509 (3% increase)  1,724 (14% increase)
Average Price $196,721 (5% increase) $203,355 (4% increase) $219,808 (8% increase)
Median Price $160,200 (4% increase)  $169,800 (5% increase)  $185,800

*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 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 Housing Inventory Remains Low, Days on Market Drop

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San Antonio Housing Market Statistics October 2014

San Antonio’s tight housing inventory kept home prices up in October 2014, while days on market fell by 11 percent. The average price of a home sold in October saw a year-over-year increase of three percent to $210,887 while the median price rose four percent to $176,200. The month ended with 2,164 total sales and 1,755 sales still pending according to the October 2014 Multiple Listing Service report of home sales data from the San Antonio Board of REALTORs.

SABOR’s 2014 Chairman of the Board, Missy Stagers reported that “Our months of inventory are down to just 4.1 and homes in October only spent an average of 62 days on the market. This is certainly good news for sellers because it means the time it takes to sell a house has dropped considerably while prices continue to beat those seen in previous years.”

According to research from the National Association of REALTORS®, across the country homes that sold for one million dollars or more rose by eight percent this year, while homes at every other price point dropped by four percent. In San Antonio, 91 homes have sold over one million dollars since January, compared to 83 last year. In fact, the luxury home market has increased in 2014 with homes priced over $500,000 accounting for approximately 4.3 percent of sales this year (compared to 4.0 percent during the same period in 2013).

However, the largest growth has been seen in the homes priced in the mid-range. In October, the largest percentage of sales occurred between $200,000 and $250,000 with those making up 14.5 percent of sales. The second most popular range was homes priced between $300,000 and $400,000 which accounted for 10.4 percent of sales.

“Despite heading into the winter months which traditionally can be a little slower, we continue to see record numbers of sales and prices this season,” said Angela Shields, SABOR’s President and CEO. “We never really see San Antonio slow down. With our military families moving in and out of the city year round as well as a steady growth in jobs, there are always houses on the market and buyers eager to find their new home.”

Home Sales Recap Oct-12 Oct-13 Oct-14
Total Month Sales 1554 1863 2164
Average Price $194,354 $205,484 $210,887
Median Price $158,800 $169,400 $176,200

If you are looking to buy or sell a home in the San Antonio, Texas area, contact Trudy Edwards with KELLER WILLIAMS Realty Heritage to schedule a complimentary consultation.

Also, please feel free to share this information with a friend and bookmark this page for future reference as well!

San Antonio Home Sales in 2013 Highest Since 2006

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San Antonio Home Sales Statistics for December 2013

The San Antonio housing market closed 2013 with 23,390 homes sold, a 17 percent increase over 2012’s closing number and only eight percent less than the amount of homes sold in 2006. According to the San Antonio Board of REALTORS® Multiple Listing Service, the average sales price for 2013 rose seven percent from the previous year to $207,884 and the median price increased six percent to $170,200.“At our recent Housing Forecast event, we learned that job opportunities and population are both steadily growing in San Antonio, meaning more people are relocating here and searching for a home,” said Missy Stagers, SABOR’s 2014 Chairman of the Board. “We certainly saw this in 2013’s boom in sales, and expect 2014 to continue with that trend.”

According to Forbes magazine, San Antonio ranked second on its list of U.S. metro areas to watch in 2014. The list pointed to San Antonio’s 6.2 percent growth in jobs during 2013 and a low unemployment rate of 6.2 percent – well below the national average of seven percent.

Throughout 2013 the San Antonio market experienced a steady increase in homes sold over $500,000. The month of December reported the highest percentage of sales in that price bracket, with those making up 4.66 percent of the total 1,760 homes sold during the month. Homes priced under $200,000 made up 61.76 percent of sales and homes priced between $200,000 and $500,000 accounted for 33.52 percent of the total homes sold.

“Not only are homes selling fast, with 2013 reporting an average of just 78 days on the market, but 97 percent of homes are selling for list price,” said Angela Shields, SABOR’s President and CEO. “That means both buyers and sellers are reaping the benefits of a healthy housing market.”

Sales Recap. Dec. 2011 Dec. 2012 Dec. 2013
Total Month Sales 1,361 1,548 1,760
Average Price $184,708 $193,374 $212,151
Median Price $149,500 $160,400 $171,400

If you are looking to buy or sell a home in the San Antonio, Texas area, contact Trudy Edwards with Legend Realty Group, KELLER WILLIAMS Realty Heritage to schedule a complimentary consultation.

Also, please feel free to share this information with a friend and bookmark this page for future reference as well!

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.

San Antonio Home Prices Reach Year High in June

San Antonio home pricSan Antonio Home Sales June 2013es reached a high in June 2013, according to the latest Multiple Listing Service report by the San Antonio Board of REALTORS® (SABOR). The average price of homes sold for the month was $221,168 and the median was $180,400, which are both six percent increases from June of last year. The total number of homes sold in June was 2,315 and the number of sales pending as the month closed was 1,920. 

“The summer buying and selling season is in full swing, and we see that in these numbers. Not only are prices continuing to rise, but the demand is still high with homes selling faster than ever. Right now we have 5.1 months of inventory with homes spending an average of 73 days on market – the lowest all year,” said Steven Gragg, 2013 SABOR Chairman of the Board.

According to a study by Realty Trac, foreclosures across the nation are at their lowest level for any month in 7.5 years and are down 29 percent from where they were a year ago. In Texas, foreclosure activity is down 42.3 percent for the year as of June.

“The steady drop in foreclosures signals a strengthening housing economy driven by steady job growth, low interest rates and rising home values,” said Angela Shields, SABOR President and CEO. “In fact, we are seeing a gradual shift among San Antonio buyers toward purchasing homes priced in the mid-range. In June 2013, 38.44 percent of buyers purchased homes priced between $200,000 and $500,000. At this time last year, that number was closer to 35 percent.”

The average price of a single family residential home year-to-date was $205,352 and the median price year-to-date was $167,300 a six percent and five percent increase compared to 2012, respectively.

Demand for rentals in the San Antonio market has also continued to rise. A total of 1,355 residential rental properties were rented in June, which marks a six percent increase compared to June 2012.

If its time for you to make a move and you are thinking of buying or selling a home in the San Antonio area, contact Trudy Edwards, of Legend Realty Group, KELLER WILLIAMS Realty to request information about sales activity in your San Antonio area neighborhood.

San Antonio Home Sales

June 2011

June 2012

June 2013

Total Month Sales

1,946  

2,063

2,315

Average Price

$192,514

$209,214

$221,168

Median Price

$156,500

$170,300

$180,400

Number of Homes Sold Hits Five Year High in San Antonio

San Antonio Home Sales Hit 5 Year HighThe number of homes sold in San Antonio in May 2013 hit a five year high of 2,480 homes sold as reported by the San Antonio Board of REALTORs® (SABOR). This number represents a 31 percent increase in sales when compared to May 2012’s volume of home sales. In addition, the year-to-date number of homes sold rose 19 percent when compared to this time last year.

Housing inventory continues to remain around at 5.1 months while the average amount of time that homes remain on the market has dropped 15 percent to a low of 78 days.

“The summer months are typically the busiest time of year in real estate, and the May numbers prove that consumer confidence is high and the market is continuing to thrive,” said Steven Gragg, 2013 SABOR Chairman of the Board. “Both buyers and sellers are reaping the benefits of an extremely healthy real estate climate in San Antonio.”

According to the National Association of REALTORS®, the housing market continues to look optimistic. Home prices are primed to rise in 2013 and 2014 due to lagging housing starts and an ongoing inventory shortage. Americans are also feeling confident in the housing recovery.

Number of sales is not the only gain seen in the San Antonio housing market. The average price of a home sold in May 2013 was $216,940, a 10 percent increase over May 2012. The median price of homes sold in May 2013 was $174,000, a seven percent increase compared to 2012.

“We saw 59.2 percent of homes sold priced under $200,000 which is typical. But we also had a jump in sales of homes over $500,000 with those transactions accounting for nearly five percent of the sales instead of their usual three to four percent,” said Angela Shields, SABOR President and CEO. “With our city’s continued job growth and interest rates still low, it’s no surprise we are seeing people able to make their money go further and take advantage of our affordable market.”

If you are considering buying or selling a home in the San Antonio area, contact San Antonio real estate resource, Trudy Edwards of Legend Realty Group, KELLER WILLIAMS Realty Heritage at (210) 595-9801 or truesarealestate@gmail.com for a complimentary consultation.

 

San Antonio Home Sales

May 2011

May 2012

May 2013

Total Month Sales

1,782

1,899

2,480

Average Price

$191,750

$198,091

$216,940