August 2007 San Antonio Area Realty Market Report
August 19, 2007 | Leave a Comment
From Legacy Group-Keller Williams, San Antonio
With schools starting and the summer relocation cycle coming to a close, San Antonio’s realty market is expected to cool even more than it has in recent weeks.
This year, San Antonio’s real estate market has been dramatically different from last year. The homes-for-sale inventory is significantly up, home prices are falling and new home builders are offering more incentives to entice buyers. Investor activity is virtually negative and move up buyers are locked in place waiting for their homes to sell. Tougher lending requirements have significantly reduced the number of available buyers, especially for lower priced houses.
Although not as severe, San Antonio’s sluggish realty market is consistent with the national realty market downturn; however it doesn’t reflect the area’s exceptionally strong economic and demographic projections. Buyers and sellers can take comfort in knowing that, although it has its peaks and valleys, San Antonio’s realty market is remarkably stable over the long run.
For your information, here are the market statistics for San Antonio single family detached home listings as of 6 August, 2007:
active listings: 12466 - stable - neutral for buyers and sellers
average list price for recently sold property: $187,885 - trending down slowly - good for buyers
average sold price for recently sold property: $183,106 - trending down slowly - good for buyers
average days on the market for recently sold property: 66 - steady - neutral for buyers and sellers
If you have questions, need San! Antonio area realty or mortgage advice or assistance, or just want to chat, please call or send an E-mail. The SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your realty needs.
Randy & Stephanie Kelley, Realty Solutions Specialists, (800) 201-9145
July Market Statistics in Rapid City, Box Elder and Ellsworth AFB in South Dakota
August 18, 2007 | Leave a Comment
Here are the July market statistics for single family homes that have sold during the month of July, 2007 in Rapid City, Rapid Valley (suburb of Rapid City) and the Box Elder area, which is where Ellsworth AFB is located.
- Homes sold in July: 94
- Average selling price: $168,318
- Average list price: $171,346
- Sale price/List price: 98.3%
- Average days on market: 69
A typical 3 bed, 2 bath home near Ellsworth AFB can sell in the range of $140,000 and $175,000. Older home are lower than that price. These would include homes built in the 1970’s and older.
- Current active listings: 599
- Average list price: $195,588
- Average days on market: 105
Duane Hosek
www.duanehosek.com
duanehosek@hotmail.com
Cell: (605) 391-8424
Ellsworth Air Force Base honors their best in the Black Hills of South Dakota
August 17, 2007 | Leave a Comment
ELLSWORTH AIR FORCE BASE, S.D. – Member, after member strode in front of a room of about 200 base people to receive a handshake from the base commander and a glass-etched award for winning in various categories of recognition during the 28th Bomb Wing Second Quarter Awards Breakfast, July 27. A unit representative stood in for winners who could not attend.
The master of ceremonies, Senior Master Sgt. Joey Parks, Airman Leadership School commandant, announced many more names of nominees. Still, despite the stiff competition, only one could be selected in each category. The winners are:
Field grade officer (not pictured)
Maj. Raymond Besson, 34th Expeditionary Bomb Squadron assistant director of operations
Company grade officer
Capt. David Marten, 28th Operations Support Squadron current operation flight
Senior non-commissioned officer
Master Sgt. Robert Carter, 28th Civil Engineering Squadron superintendent of maintenance engineering
Non-commissioned officer
Tech. Sgt. Ivan Martinez, 28th Mission Support Squadron personnel readiness flight
Civilian volunteer (not present)
Bonnie Molinet, 28th Mission Support Group Airman and Family Readiness Center volunteer
Non-appropriated Fund Category I (not present)
Brenna Van Stone, 28th Services Squadron commercial sponsorship
Airman
Senior Airman Richard Roberts, 28th Communication Squadron intrusion detection specialist
Honor guard officer
Capt. Allen Husted, 28th Logistics Readiness Squadron materiel management flight commander
Honor guard enlisted (not pictured)
Staff Sgt. Aaron Smith, 28th Maintenance Operation Squadron weapons systems controller
Civilian Category III
Karen Hoffman, 28th Civil Engineering Squadron real property officer
Civilian Category II (not present)
Rita Dupres, 28th Maintenance Group budget analyst
Civilian Category I
Jeanette Amos, 28th Operations Support Squadron office automation assistant
Non-appropriated Fund Category II
Chad Canaan, 28th Services Squadron recreation specialist
ELLSWORTH AIR FORCE BASE AND STURGIS BIKE RALLY 2007
August 15, 2007 | Leave a Comment
Nearly 350 riders from the Ellsworth Dakota Thunder Motorcycle Club rode from Ellsworth to the 67th Annual Sturgis Motorcycle Rally Aug. 7. Members of the motorcycle club had the opportunity to view and have their photos taken in front of a static display of a B-1 before leaving for their trip. (U.S. Air Force photo/Airman 1st Class Kimberly Moore Limrick)
GO TO THIS LINK FOR PICTURES OF BIKERS AND BOMBERS http://www.ellsworth.af.mil/news/story_media.asp?id=123064301
Mortgage Update for Dayton and WPAFB
August 15, 2007 | Leave a Comment
Rate Lock Advisory - Wednesday Aug. 15th
Wednesday’s bond market opened fairly flat after this morning’s economic news failed to show any major surprises. The stock markets are showing small gains with the Dow up 26 points and the Nasdaq up 10 points. The bond market is currently nearly unchanged form yesterday’s close, but we will likely see an improvement of approximately .125 of a discount point in this morning’s mortgage rates as a result of strength in bonds late yesterday. The Labor Department said this morning that July’s Consumer Price Index (CPI) rose 0.1% while the core data rose 0.2%. Both of those readings matched forecasts, therefore, the market had little reaction to the news. Also released this morning was July’s Industrial Production data. It showed that output at U.S. factories, mines and utilities rose 0.3% last month. This also matched forecasts and has had little influence on bond trading or mortgage rates. Tomorrow’s only monthly data is July’s Housing Starts data. This report gives us an indication of housing sector strength and mortgage credit demand. However, it isn’t considered to be of high importance to the bond market or mortgage pricing and usually doesn’t cause much movement in mortgage rates unless it varies greatly from forecasts. Also tomorrow, the Labor Department will post weekly unemployment claims. They are expected to show 315,000 new claims, but unless there is a significant variance from that level. I am shifting back to the lock recommendation for immediate and short-term periods because it appears that the bond rally is losing steam. With a lack of significant data scheduled for release over the next few days that could drive rates lower, we likely will not see much of an improvement in rates. Accordingly, I am shifting back to locking since we have captured yesterday’s gains. If I were considering financing/refinancing a home, I would…. Lock if my closing was taking place within 7 days… Lock if my closing was taking place between 8 and 20 days… Float if my closing was taking place between 21 and 60 days… Float if my closing was taking place over 60 days from now… This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers. |
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How Many Homes in Each Price Range Are For Sale in Colorado Springs?
August 15, 2007 | 2 Comments
If you are relocating to Colorado Springs, and are considering buying a home here, you may be asking yourself “What will my selection be for the price range that I am in?” Here is a market snapshot (as of 8/2007) that will give you an idea of what is available in each price range. You will find figures for Colorado Springs and Fountain – both single family homes and town homes and condos.
If you are unsure what price range you want to look in, please check out:
A Guide To BAH and How Much Home You Can Buy – Colorado Springs, CO.
<< Search For Homes In Colorado Springs >>
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Colorado Springs |
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5,517 Homes For Sale |
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Price Range |
Single Family - 4,383 |
Town Homes and Condos - 1,134 |
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Under $100k |
59 |
165 |
|
$100,001 - $125,000 |
117 |
140 |
|
$125,001 - $150,000 |
258 |
142 |
|
$150,001 - $175,000 |
372 |
170 |
|
$175,001 - $200,000 |
523 |
150 |
|
$200,000 - $225,000 |
415 |
56 |
|
$225,001 - $250,000 |
394 |
54 |
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$250,001 - $275,000 |
287 |
30 |
|
$275,001 - $300,000 |
267 |
33 |
|
$300,001 - $350,000 |
395 |
71 |
|
$350,001 - $400,000 |
333 |
36 |
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Over $400k |
963 |
87 |
<< Search For Homes In Fountain >>
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Fountain |
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825 Homes For Sale |
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Price Range |
Single Family - 783 |
Town Homes and Condos - 42 |
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Under $100k |
15 |
13 |
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$100,001 - $125,000 |
48 |
8 |
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$125,001 - $150,000 |
124 |
6 |
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$150,001 - $175,000 |
160 |
3 |
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$175,001 - $200,000 |
140 |
6 |
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$200,000 - $225,000 |
85 |
4 |
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$225,001 - $250,000 |
100 |
2 |
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$250,001 - $275,000 |
27 |
0 |
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$275,001 - $300,000 |
30 |
0 |
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$300,001 - $350,000 |
29 |
0 |
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$350,001 - $400,000 |
12 |
0 |
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Over $400k |
13 |
0 |
<< Search For Homes In Colorado Springs and Fountain >>
Posted by: Mariana Wagner – Colorado Springs Real Estate – Military Relocation Specialist – (719) 570-7715
A Guide To BAH and How Much Home You Can Buy – Colorado Springs, CO
August 15, 2007 | 2 Comments
Here is a guide to how much home you would qualify for based strictly off of known Colorado Springs BAH. There is also an idea of how much home you could afford if you were to pay just an extra $100./month above your BAH. These figures are based off of a 30 year 7% interest fixed mortgage and include estimated property taxes and homeowners’ insurance.
This guide is meant only to provide an idea of what to expect when you relocate to Colorado Springs. Of course, you may qualify for a higher or lower interest rate and/or a lower or higher priced home – depending on current interest rates, your personal credit and which loan you decide to choose.
<< Search For Homes In Colorado Springs >>
| Enlisted Personnel Without Dependents |
<< Search For Homes In Colorado Springs >>
If you are considering purchasing a home using your VA eligibility, you have the opportunity to get some of your personal debt paid off in the process. For example, Derek and I are working with a couple who, because they are getting a VA loan, are able to get thousands of dollars of their personal debt paid off in the process. This can be an awesome opportunity for Military Buyers to buy a home and lower their monthly bills. Because this scenario can be played out in several different ways, it is best to talk with your lender about if and how this would work for you.
<< Search For Homes In Colorado Springs >>
For an idea of how many homes are available in each price range, please read:
How Many Homes in Each Price Range Are For Sale in Colorado Springs?
Posted by: Mariana Wagner – Colorado Springs Real Estate – Military Relocation Specialist – (719) 570-7715
