San Antonio Realty News You Can Use
Posted by Randy Kelley on January 14, 2009
- 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
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