San Antonio Area Summer Home Sales Figures Outshine Last Year

June’s San Antonio area home sales continued to outshine last year’s figures with a total of 3,323 homes sold during the month, a three percent year-over-year increase. According to the Multiple Listing Service Report from the San Antonio Board of REALTORS^® (SABOR) which reports on all areas contained within the MLS, the average sales price shot up six percent to $273,124 and the median rose five percent to $233,600. The month ended with 2,698 sales still pending.

We continue to see moderate increase in prices and sales this year. While other states may see high jumps or low drops in sales figures, we are fortunate these numbers remain fairly steady here which is a good indicator of a stable market.

Homes spent an average of just 51 days on the market in June, five days less than in May. Only 3.6 months of inventory were available which is slightly lower than the 3.8 months available last June. Such high demand continues to favor sellers in this market, which spurred 4,370 new listings to go on sale in June.

Once again, the majority of homes sold were those priced between $200,000 and $500,000, with those sales making up 57.2 percent of the month’s market. Homes priced under $200,000 accounted for 35.7 percent of the sales in June while the remaining nearly seven percent of homes sold last month were those priced over $500,000.

Within Bexar County, sales fluctuated with a slight 0.4 percent year-over-year decrease in total homes sold, while both the average and median prices rose just over five percent each. The average in the county was $261,253 and the median was $221,000.

In Texas, home sales in June decreased nearly one percent for a total of 33,004 homes sold. However, this is still nearly 600 more homes sold than in May. The average price of a home sold in the state during June was $303,358 and the median was $245,000, both 4.7 percent increases from last year. Throughout the state of Texas homes sold in an average of 50 days for $129 per square foot.

 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.

SABOR Multiple Listing Service Report Home Sales Recap: 

	June 2016	June 2017	June 2018
Total Month Sales	3,053 (5% increase)	3,238 (4% increase)	3,323 (3% increase)
Average Price	$246,044 (2% increase)	$257,529 (5% increase)	$273,124 (6% increase)
Median Price	$212,000 (6% increase)	$222,500 (5% increase)	$233,600 (5% increase)

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

 

Solar Home Community Opens in Northwest San Antonio

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Meritage Homes just opened a new community of new construction homes where solar panels and energy efficient construction comes as standard. The community of Providence is a gated community of 40 homes, tucked away in a quiet area of northwest San Antonio with easy access to South Texas Medical Center, Interstate Highway 10 and recreation areas such as the Leon Vista Trailhead and OP Schnabel Park.

What is so exciting about this community is that the Meritage built homes will have solar panels installed as standard. Not only are they installing solar panels as standard, but instead of installing regular Photovoltaic (PV) solar panels, which only convert about 15% of the solar energy into power, Meritage Homes is installing the revolutionary Echo Solar System which is reported to be 50% efficient.  The Echo solar system is more efficient because it uses the solar panels to both generate electricity and capture the thermal energy.

These energy efficient Meritage Homes at Providence also include, spray foam insulation throughout the exterior walls and the attic, providing a tight building envelope. WaterSense efficient fixtures and dual flush toilets help to reduce your water consumption by 50%. Low-E vinyl windows help to keep the sun’s heat from coming into the home and ENERGY STAR^® appliances also contribute to reducing the home’s overall energy consumption.

Notable Standard Features at Providence Include:

• Echo Solar System
• Solar Water Heater with 120 Gallon Tank
• Spray Foam Insulation
• Dual Flush Toilets
• Taexx built-in Pest Control System
• PEX®Plumbing
• 14 SEER Air conditioning System
• Low-E Windows
• Energy Star^® appliances

Homes being built in this community are available in 7 different floor plans which range from a 3 bedroom, 2 bath, 1515 square foot one story all the way to a 5 bedroom, 2.5 bath, 2797 square foot two story plan.

If you are interested in buying a home in Providence, or would like to learn more about buying a new home in San Antonio, please do not hesitate to contact me at truesarealestate@gmail.com or (210) 595-9801 to discuss your home buying needs.

Trudy Edwards, REALTOR^® , Legend Realty Group, KELLER WILLIAMS Realty Heritage 2338 N. Loop 1604 W., Ste. 120 San Antonio, TX 78248