July 2014 Sees Home Market Peaking Near San Antonio Bases

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Entering July 2014, there are signs that San Antonio’s long lasting home sellers’ market is trending toward a more balanced condition favoring neither sellers nor buyers in the communities nearest Randolph AFB, Lackland AFB, and Fort Sam Houston.  Compared to July 2013, there are more resale and newly constructed homes available near the bases while at the same time there fewer homes under contract.  Although home prices continue to rise slowly, the ratio between the average list to sale price is slowly decreasing.
 
How likely is it that the San Antonio military base areas residential sales markets have passed their peak for 2014?  Probably.  Here’s why.

 
Based on many years performance, San Antonio’s residential sales market usually follows a predictable seasonal pattern.  Highest sales activity is mid-April through mid-June.  Sales start to fall off during the hot summer months.  The market cools significantly during the fall and winter months.   Of course, for the areas near the bases, the summer PCS cycle has some impact and, in some years, might prolong the sales high season into through July and into August.
 
In all areas, the quest for homes featuring pools drops drastically after school starts in late August.  That market won’t become active again until  the coming spring. 
 
The least active home sales months are December and January.
 
Looking forward, San Antonio’s exceptionally strong economy is expected to carry the Alamo City’s home sales market through the expected season dip into a strong rebound next spring.
 
If you’re contemplating selling your San Antonio home but can wait for better conditions, should you hold off until market conditions improve?  Not necessarily.  Because home sales stay strong throughout the year in some of the neighborhoods located near Lackland, Randolph, and Fort Sam, you should seek the advice of a realty sales professional who knows the Joint Base San Antonio market before deciding  whether to sell or not. 
 
If you are hoping to buy a San Antonio area home in the coming months, keep this in mind.  The market is improving for you, VA, FHA, and conventional mortgage interest rates remain exceptionally low, and there’s an ample supply of newly constructed and resale homes for your consideration particularly near Randolph and Lacklan.  So, seek out the best residential realty buyers agent with military relocation experience that you can find and go for it!
 
Whether home seller or buyer, ours is a 100% experience team that’s ready to help you get the best price, terms, and conditions for your realty investment.  Contact Stephanie (210) 867-8743 or Randy (210) 863-2661 for a free, no pressure – no obligation, consultation.
 

We are Realtors®  at KELLER WILLIAMS LEGACY, San Antonio, TX.

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