San Antonio Homes For Sale - Jan 30, 2009
January 30, 2009 | Leave a Comment
San Antonio, TX – 30 January 2008
Here are today’s single family detached home listing stats from the San Antonio Multiple Listing Service.
Homes For Sale – 11927 — up 33 from last report
Average List Price — $266,549 — down $287 from last report
Average Days On the Market — 164 — same as last report
Under Contract (Closing Scheduled) – 1267 – down 2 from last report
San Antonio is a very large city. While most of the metropolitan area offers exceptionally good home buying and selling opportunities, there are some areas experiencing serious home marketing challenges. Consequently, anyone relocating to the San Antonio area or contemplating selling a San Antonio home in 2009 should get a Realtor’s (R) advice and assistance.
Ask us first.
Stephanie&Randy Kelley & Tara Kelley Guariglia, Realtors(R)
The SanAntonioHomeQuest.com Realty Solutions Team
Keller Williams Legacy
(800) 201-9145(210) 863-2661 or (210) 867-8743
Home Prices Up In Some San Antonio Areas
January 30, 2009 | Leave a Comment
Aïssatou Sidimé - Express-News - 30 January 2009
While most of the San Antonio metro area saw a drop in home prices in 2008, a handful of sales areas — in Comal County and North Central and far eastern Bexar County — experienced an increase in median home prices last year, as buyers sought more rural environs, shorter commute times and more home for their money.
Buyers in search of a bucolic lifestyle helped to push the median price up 7.2 percent in area 26, which covers Comal, to $252,900 — the largest increase in the San Antonio metropolitan area.
Areas are sales regions designated by the San Antonio Board of Realtors.
The rural appeal of southeastern Bexar’s less-developed area 20, which includes China Grove and Elmendorf, was also strong in 2008. The median price there increased 2.1 percent to $98,200. Neighboring area 19 also had a boost, a 1.7 percent increase to $78,300.
“The East Central School District still offers 4-H and (Future Farmers of America programs) so those families who want their children exposed to agriculture are attracted to it,” said Eddie Callender Jr., an agent at Southeast Realtors on Goliad Road.
Last year, a large number of buyers also bought homes in areas where they could avoid heavily congested arteries such as U.S. 281 outside North Loop 1604. Area 6, which includes Hollywood Park and Hill Country Village, benefited from the trend, rising 1.5 percent to $244,000, as did neighboring area 14 and area 13, which includes the inner-loop communities of Alamo Heights and Terrell Hills. Area 14 saw prices edge up 0.3 percent to $157,900, as area 13 saw an increase of 1.7 percent to $247,200.
But buyers also were willing to move to subdivisions off less-beaten paths, such as off U.S. 87 in area 20.
“The traffic past (Loop) 1604 along the (U.S.) 281 corridor is a lot more difficult to overcome; and people were concerned that with 281 not getting a toll road, traffic would get worse,” said Judy Dalrymple, an agent with The Phyllis Browning Co. She sells homes mostly in the Shavano Park, Hollywood Park and Hill Country Village areas inside Loop 1604.
For some buyers, a key motivation was the need to buy a home in an affordable price range, which generally is considered to be under $140,000 locally.
Among the six areas to see price appreciation, buyers found affordable homes in Shady Oaks in area 14, where half of the homes sold in 2008 were priced under $157,900, and Foster Meadows in area 20, where list prices in the new subdivision ranged between the $90,000s and $170,000s, agents said. END OF ARTICLE
San Antonio is a very large city. While most of the metropolitan area offers exceptionally good home values, there are some areas where buyers should be aware of some very negative homeownership factors. Consequently, anyone relocating to the San Antonio area in 2009 should get a Realtor’s(R) opinion about the best areas with the most consistent home appreciation records & the most reasonable home sales prices.
The SanAntonioHomeQuest.com Realty Solutions Team
(800) 201-9145 or (210) 863-2661 or (210) 867-8743
San Antonio Homes For Sale Today
January 28, 2009 | Leave a Comment
San Antonio Real Estate Today – 28 January 2008
Here are today’s single family detached home listing stats from the San Antonio Multiple Listing Service.
Homes For Sale – 11857 — up 37 from yesterday
Average List Price — $266,836 — up $203 from yesterday
Average Days On the Market — 164 — down 1 from yesterday
Under Contract (Closing Scheduled) – 1269 – up 15 from yesterday
Stephanie and Randy Kelley
Keller Williams Legacy
(210) 863-2661 or (210) 867-8743
(800) 201-9145 kelleybus@aol.com
www.sanantoniohomequest.com
Planned Residential Development Near Lackland and Brooks
January 25, 2009 | Leave a Comment
It’s 1:00 P.M., Sunday, 25 January 2009, partly cloudy and 60 degrees in the Alamo City.
Go here for a very informative article about residential development plans for San Antonio’s south side. It’s good news down the road for personnel assigned to Lackland AFB and Brooks City Base.
http://www.mysanantonio.com/business/Southern_living.html
If you need advice or assistance with your San Antonio area home buying and selling needs, visit us at SanAntonioHomeQuest.com or send an E-mail to kelleybus@aol.com.
The San Antonio Home Buyer’s Cardinal Rule
January 24, 2009 | Leave a Comment
First and foremost, here’s the cardinal rule that home buyers should always keep in mind.
DON’T START YOUR SEARCH WITHOUT KNOWING WHAT YOU CAN AFFORD.
Sounds logical, doesn’t it, but a surprising number of buyers waste time and effort looking at houses they can’t afford. Now, if you’re wealthy enough to make a cash purchase, just make sure your money is liquid enough to bring to the closing table. But, if you’ll need a mortgage loan to seal the deal, don’t hesitate to consult with one or more lenders before starting your home quest. Mortgage loan officers want your business and, usually without charge, will happily help you determine your purchasing power based on your available assets, income to debt ratio, and credit history. So, don’t be afraid to talk with at least one lender before seriously shopping for a home.
You’ll receive more valuable hints about home buying & mortgage matters in coming messages. But, if you can’t wait or have immediate questions, send us an E-mail or give us a call and a member of our Realty Solutions Team will tell you all the things you need to know to be a SanAntonioHomeQuest power buyer.
Stephanie and Randy KelleyKeller Williams Legacy
(210) 863-2661 or (210) 867-8743
(800) 201-9145 kelleybus@aol.com
www.sanantoniohomequest.com
San Antonio Realty News - 1/18/09
January 18, 2009 | Leave a Comment
ïssatou Sidimé - Express-News -16 Jan 09
The median price of existing homes suffered its steepest plunge in more than 12 years, dropping 7 percent in December.
The median price of a home in the San Antonio area was $139,900, down from $150,700 in December 2007. That decline occurred as total sales dropped 19 percent to 1,322 from 1,631 in December 2007.
The hardest-hit areas were between Interstate 35 South and Culebra Road out west into Medina County and the far eastern part of Bexar County near China Grove.
Nationwide, the median home price fell 13.2 percent to $181,300 in November, the most recent figures available.
December’s sales revealed other signs the San Antonio housing market — recently highlighted as one of the strongest nationwide — is softening more than expected: the average amount of time a house spent on the market topped three months for the first time in 2008.
Moreover, pending homes sales — a preview of future sales — were below 1,000 for the second month in a row.
The weaker performance came just a week after presentations at the San Antonio Board of Realtors annual forecast projected an improvement in sales in 2009.
Bob Gardner, owner of Gardner Financial Services, and Travis Kessler, CEO of SABOR, both based their rosy 2009 outlook on anecdotal evidence of increased sales activity in December.
So the December figures caught Gardner by surprise. Kessler wasn’t available for comment.
“It’s just disappointing,” said Gardner, whose company issues mortgages under the name Legacy Mutual Mortgage. “The December numbers didn’t show any improvement. I was hopeful that it would.”
Still Gardner maintained existing home sales would improve in 2009.
“Because of low interest rates, we are seeing a lot more activity on the purchase side,” he said.
The median price of an existing single-family home in San Antonio started softening in late summer, staying basically flat until November when it began dropping significantly.
San Antonio’s dip in pending home sales reflects the national decline in November, according to statistics from the National Association of Realtors. Nationwide pending home sales as of November were at the lowest level since 2001. December figures weren’t available.
“Mounting job losses and very weak consumer confidence deterred home buyers from signing contracts in November,” NAR chief economist Lawrence Yun said in a release Dec. 23.
Such pressures resulted in San Antonio’s eight-month supply of existing homes at the end of November. That was higher than Houston and Dallas (both at a 6.3-months supply), Fort Worth (5.9 months) and Austin (5.7 months), according to the Texas A&M University Real Estate Center.
The mounting supply then likely had a direct negative impact on sales in December because as supply increases, buyers usually demand lower prices.
San Antonio sellers also appear to have priced homes lower to begin with, given that average sale price was about 95 percent of the listed price, according to SABOR.
Tighter lending guidelines continued to undermine sales, said Jim Gaines, housing markets research economist at the Texas A&M University Real Estate Center.
“The uncertainly in the mortgage market and lenders requiring more documentation for jobs and higher down payments may have been a factor,” Gaines said.
There might be a glimmer of hope in the data indicating there were fewer new listings in December, which suggests the supply of homes could decrease and lead to a more balanced market, Gaines said.
But sales also are closely linked to employment, and job losses could negatively affect sales.
This is especially so with the state’s key sectors, such as oil production and refining. A decline in the jobs in the oil sector would hurt tourism into San Antonio. Any decline in tourism would hurt the local job market, and therefore sales.
End of Article
Need San Antonio area realty advice and assistance? Contact the San Antonio HomeQuest realty solutions team.
Randall R. (Randy) Kelley
MS, BS, PA
San Antonio Realtor®
Internet Realty Services Advisor sanantoniohomequest.com
Keller Williams Legacy (210) 863-2661 or 867-8743 or (800) 201-9145
Visit Us At
Stephanie’s Blog
Randy’s Blog
San Antonio Realty News You Can Use
January 14, 2009 | Leave a Comment
- From the Builder Housing Forecast: new home starts in SA down to 8700 for ’08. SA has the lowest number of new homes finished on the ground than any other major city in
U.S. with 2.1 months supply. In ’08 builders in SA sold more homes than they started, reducing inventories.
Texas started more homes than any other state, had the greatest population gain over any other State and greatest job growth of any State in ’08. Outlook projection…look for it to take 3-6 months to see real pickup in sales. ’09 to be slightly better than ‘ 08. - From San Antonio Express News: S.A. Luxury home niche suffering from excess, local market has 48-month supply of homes over a $1 million. Lowest inventory is $250,000 and below, which makes up 74% of our market, has a 7-month supply. 6-6.5 months considered ideal.
- Also From San Antonio Express News: Texas is still the leader in price appreciation.
Texas was one of just three States showing ‘meaningful price increase” in the 12-month period ended 10/31.
Texas showed a 2.7% increase in median home price. Only West Virginia and South Dakota exceeded
Texas. - Lackland AFB is gaining 363 new single-family and duplex units. Developer plans to invest $142 million in the new housing starting this spring
Randall R. (Randy) Kelley
MS, BS, PA
San Antonio Realtor®
Internet Realty Services Advisor sanantoniohomequest.com
Keller Williams Legacy (210) 863-2661 or 867-8743 or (800) 201-9145
Visit Us At
Stephanie’s Blog
Randy’s Blog
