San Antonio Area Sellers’ Market Continues with Only 3.6 Months of Inventory

The San Antonio Board of REALTORS® reported a two percent dip in the number of San Antonio area home sales compared to this time last year, with 2,523 homes sold in September. However both the average and median prices in September showed increases, according to the San Antonio Board of REALTORS Multiple Listing Service Report. The average home sales price increased by seven percent to $245,126 while the median rose five percent to $224,600.

Homes stayed on the market for an average of 52 days before selling. With just 3.6 months of inventory available we are still in a Sellers’ Market in San Antonio. However, 3,000 new listings hit the market in September, and the month ended with 2,149 sales still pending.

The low inventory has been favorable to sellers, but you can see from the amount of sales still pending that a number of people are continuing to find homes. The best thing to do in this market is be prepared before you even start looking, meaning getting pre-approved and knowing what you’re willing to compromise. This will help you
make a decision faster and be competitive.

Around 40 percent (39.83 percent) of homes sold last month were those priced under $200,000, while the majority of home sales, 54.54 percent, were those priced between $200,000 and $500,000. The remaining 5.6 percent were those homes priced over $500,000. Overall for the first three quarters of 2018, the volume of home sales have increased six percent year-over-year for a total of 24,834 homes sold. The average price is up four percent over 2017 at $260,165 and the median has increased five percent to $225,600.

Bexar County reported a total of 1,900 single-family homes sold in September, a 3.2 percent decrease. The average price of a home sold in the county increased 5.2 percent to $247,062 and the median rose 5.1 percent to $214,000.

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.

San Antonio Area Home Sales Recap	Sept. 2016	Sept. 2017	Sept. 2018
Total Month Sales	2,618 (9% increase)	2,580 (1% decrease)	2,523 (2% decrease)
Average Price	$241,757 (4% increase)	$245,126 (2% increase)	$261,825 (7% increase)
Median Price	$203,700 (6% increase)	$213,400 (5% increase)	$224,600 (5% increase)

*Percentage increases are based on a year-over-year comparison.

San Antonio Area Home Sales Saw Double Digit Increase in April

The volume of home sales in the San Antonio area shot up 17 percent year-over-year in April, according to the Multiple Listing Service (MLS) Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the San Antonio MLS. A total of 2,848 homes were sold in April and 98 percent of those homes sold for list
price. The month ended with 2,881 sales still pending and inventory remained low with a tight 3.4 months available.

In addition, both the average and median home prices experienced modest increases, with the average price rising two percent year-over-year to $255,952 and the median price increasing three percent year-over-year to $222,800.

While it’s true that the low inventory means homes are high in demand, there are still many properties available for sale at a variety of price points, For those looking to buy, just know that you’ll need to be ready to make a quick decision. You can prepare by
making sure you know your priorities and getting pre-approved.

Homes in the mid-range of prices continued to make up just over half the market – 53.4 percent – while homes priced under $200,000 accounted for 40.1 percent of the homes sold. The remaining 5.9 percent of the homes sold were those priced over $500,000. April reported 8,870 active listings and 4,045 new listings available.

Meanwhile, the number of home sales in Bexar County increased 15.3 percent year-over-year for a total of 2,107 homes sold. Both the average and median prices in the county experienced little year-over-year growth, with the average remaining consistent with last year for a price of $242,045 and the median edging up just 1.8 percent year-over year
to $208,500.

“With nearly 3,000 sales still pending at the end of April, we head into the beginning of the summer buying season with a healthy start and expect to keep seeing strong sales figures,” said Gilbert Gonzalez, SABOR’s Interim CEO. “Higher prices should encourage more owners to put their homes on the market, adding much needed supply to our inventory.”

SABOR Multiple Listing Service Report:

SA Home Sales Recap	April 2016	April 2017	April 2018
Total Month Sales	2,481 (4% increase)	2,443 (2% decrease)	2,848 (17% increase)
Average Price	$234,575 (4% increase)	$251,738 (8% increase)	$255,952 (2% increase)
Median Price	$199,400 (5% increase)	$215,400 (8% increase)	$222,800 (3% 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.

San Antonio Area Home Sales Break Record in 2015

San Antonio area home values increased by an average of six percent in 2015. The San Antonio Board of REALTORS® (SABOR) recently released its final analysis of Multiple Listing Service reports for San Antonio area home sales for 2015. SABOR reports on all areas contained within the SABOR MLS system, including Alamo Heights, Boerne, Converse, Fair Oaks Ranch, Garden Ridge, Hollywood Park, Leon Valley, Terrell Hills and many other municipalities in the San Antonio Metropolitan area.

Market activity was strong throughout 2015 and the year ended with a record high in the total number of homes sold in the San Antonio area with 27,154 homes sold. Prior to this, the year with the most recorded sales was 2006 in which 26,169 homes were sold.

The average sales price of a San Antonio area home in 2015 was $231,976 and the median sales price was $192,800, a six and seven percent increase respectively. In 2015 the average number of days that homes stayed on the market decreased to just 60 days, which is a twelve percent decrease when compared to the 2014 average days on market.

The average price per square foot of a San Antonio area home increased five percent over 2014 numbers to an average cost of $106 per square foot.

Homes priced under $200,000 made up 52.9 percent of the homes sold in 2015 while those priced between $200,000 and $500,000 accounted for 42.26 percent of sales. Homes priced over $500,000 made up 4.77 percent of the homes sold.

In just the city of San Antonio, a total of 12,231 single family homes were sold in 2015. This is a seven percent increase over the previous year’s sales. Of these sales, 11,569 were existing homes while 661 were new construction. The median sales price of an existing home was $165,000, a 6.5 percent year-over-year increase and the median sales price of a new construction home increased two percent year-over-year to $197,748.

“We continue to see more and more people getting into the housing market, whether they are buying or selling, and with homes at affordable prices all around the city and surrounding areas, there really is something for everyone in this market,” said Bob Jacobs, SABOR’s 2016 Chairman of the Board. “In fact, while the majority of homes sold are still below $200,000, we have seen a gradual shift in more homes being sold in the range between $200,000 and $500,000.”

“Not only was this a record-breaking year in our real estate market in terms of sales, but December ended with 1,401  sales still pending as we headed into the New Year,” said Angela Shields, SABOR’s President and CEO.

Across Texas, total home sales also experienced year-over-year increases with 4.4 percent more homes sold in 2015 than in 2014. The average price of a home sold in the state in 2015 was $253,208, a 5.3 percent increase and the median price was $198,000, a 7.3 percent increase.

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

Home 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.

Home Sales Remain Strong in San Antonio Summer

According 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 Housing Inventory Remains Low, Days on Market Drop

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

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

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 prices 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

The 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