December 2009 San Antonio Realty Market Report
December 8, 2009 | Leave a Comment
“May you live in interesting times.” Is it a blessing or a curse?
Across the Nation this year, home buying and selling has been interesting to say the least. Cursed with excessive foreclosures, rigid mortgage lending requirements, lackluster job markets, sluggish home sales and rapidly falling home values, is it any wonder that home buyers and sellers, not to mention their Realtors®, are tired of the curses of 2009’s interesting times.
It’s not so in San Antonio! The Alamo City will close 2009 having one of the Nation’s healthiest large metropolitan economies. Projections for 2010 indicate the area’s immediate future is highly favorable for strong economic growth, low unemployment, and a continuing strong infusion of the monetary and human resources needed to build an even more economically vibrant city.
That said, this year, San Antonio’s housing market was punched around a bit by the national economic downturn. Although home foreclosures went up and average home values went slightly down, recent Federal economic recovery initiatives (like the Tax Credit Program For Home Buyers) appear to be slowing and perhaps reversing those trends.
Here are the relevant market indicators for San Antonio single-family detached homes as of December 8, 2009:
- There are 10977 active listings compared to 12603 last year. The inventory is decreasing slowly. That’s a good sign for home sellers and indicates a healthy trend toward achieving a balanced housing supply.
- The average sales price for the most recent closings is $180,040 compared to $186,084 last year. The drop in average sales price has, for the most part, been driven by the purchase of a large number of less expensive properties by first time home buyers capitalizing on the recent up to $8000 First Time Home Buyer Federal Tax Credit Program. It remains to be seen how the recent continuation and expansion of the program will impact on San Antonio’s housing market.
- The average cumulative days-on-the-market (CDOM) for the most recent sales is 127 compared to 117 last year. During 2009, CDOM figures have been unacceptably high, but have recently trended downward. That’s a positive sign for San Antonio home sellers specifically, and its realty market, generally.
Industry analysts see these data as reflecting a housing market continuing to strongly favor buyers over sellers but trending toward a more balanced market in late winter or early next spring.
That’s all for our December 2009 San Antonio realty market report. In closing, we wish you and yours the happiest of holidays and a healthy and prosperous new year.
We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat, please call us at (210) 863-2661 or (210) 867-8763, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
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San Antonio Realtors® Know More Than Real Estate
December 4, 2009 | Leave a Comment
There are always a few people in any community that seem to know everyone. In San Antonio, that’s us!
In our business of studying the San Antonio real estate market, we get to meet new people every day. We meet dentists, contractors, business owners, service people, nannies, restaurant owners, and executives. As people who meet new people, one of our favorite things is to connect people that we know.
If you are ever in need of a great recommendation for a San Antonio metropolitan area contractor, restaurant, babysitter, or anything in between, please contact us! We live in such a great community of wonderful people, and we love to help people connect to each other!
And of course, we are always your best resource for your San Antonio area real estate needs.
We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to chat, please call us at (210) 863-2661 or (210) 867-8743, or (800) 201-9145 or send us an E-mail to swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs. For more information about San Antonio,
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Coming soon, look for our new websites for San Antonio physician loans, San Antonio Army PCS, San Antonio Air Force PCS, and San Antonio Navy PCS.
Best Market Ever For AD Military & Veterans Buying A San Antonio Home
December 1, 2009 | Leave a Comment
Now that the Federal home buyer tax credit program has been expanded and improved, it’s time for San Antonio area veterans and active military personnel to profit from it. Low interest VA, FHA, Texas Vet and other financing programs, along with the tax credit, an ample new and resale home inventory, and a strong buyer’s market, give powerful incentives for present and former uniformed service home buyers to take advantage of what’s likely to be a once in a lifetime San Antonio home buying opportunity.
So, if you’re a veteran or active duty member who’s considering buying a first time home or moving from a current home, don’t miss this wonderful chance to capitalize on your government benefits.
We can help.
We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to chat, please call us at (210) 863-2661 or (210) 867-8743, or send an E-mail to swkrealtor@aol.com or kelleybus@aol.com. Our Realty Solutions Team is always ready to help you with your home buying or selling needs. For more information about San Antonio real estate, you can
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New Construction Home Near Ft Sam Houston & Randolph AFB for $1139 E-4 BAH
November 20, 2009 | Leave a Comment
Hey, active duty E-4!
For your $1139.00 BAH, you can comfortably afford a brand new 4 bedroom, 2 bath, 2 car garage home close to Fort Sam Houston and Randolph Air Force Base.
There are also 116 young resale home listings in the area that fall within your BAH affordability range.
For more information, click here, tell us about your home ownership wants and needs and we’ll send you all matching listings around Fort Sam Houston and Randolph Air Force Base.
We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to chat, please call us at (210) 863-2661 or 867-8743, or send an E-mail to swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
San Antonio Home Buyers Should Always Consider Using A Buyer’s Agent
November 18, 2009 | Leave a Comment
At sanantoniohomequest.com, we believe an educated home buyer is a wise buyer. That’s why we have compiled a series of easy to remember essential hints for our home buyer guests. This one’s always a hit:
The buyer should always consider using a buyer’s agent.
Why? The buyer’s agent is ethically, professionally, and legally obligated to put the buyer’s interests first. By using a buyer’s agent, the buyer avoids the risks and pitfalls of working through a listing agent representing the seller. And, the buyer’s agent’s services are provided at no additional cost to be buyer.
We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to chat, please call us at (210) 863-2661 or 867-8743, or send an E-mail to swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
For more information about San Antonio real estate, you can
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Labels: PCS San Antonio, San Antonio Army PCS, San Antonio Physician Loan, San Antonio Real Estate, San Antonio Realty, San Antonio Realty Market Report
New Home Near Ft Sam Houston and Randolph AFB For $1603 San Antonio O-5 BAH
November 17, 2009 | Leave a Comment
Posted by Randy Kelley on November 17, 2009
Hey, San Antonio active duty O-5!
For your $1603.00 BAH, you can comfortably afford a brand new 4 bedroom, 2 bath, 2 car garage home close to Fort Sam Houston and Randolph Air Force Base.
There are also 15 resale home listings in the area that fall within your BAH affordability range.
For more information, click here, tell us about your home ownership wants and needs and we’ll send you all matching listings around Fort Sam Houston and Randolph Air Force Base.
We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to chat, please call us at (210) 863-2661 or 867-8743, or send an E-mail to swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
Put A San Antonio Realtor® To Work For You
November 16, 2009 | Leave a Comment
It’s no secret that the average consumer turns first to the Internet for home buying and selling information. Why not? It’s the world’s largest library. It’s free and easy to use. It’s chocked full of stats, advice, articles, bulletins, blogs and opinions, not to mention a lot of nutty rants, raves and ruminations. It’s no wonder why, after weaving through the web in search for honest, consistent information, the average realty consumer ends up bewitched, bothered, and bewildered.
Arguably, it’s too risky to trust the Internet if you’re looking for timely and reliable information about something so risky, expensive, and complicated as a real estate deal.
So, who can you trust?
The answer is close at hand. Just contact a local Realtor®. Don’t be shy. A Realtor® won’t try to rope you in, put you in a head lock, or make you do anything you’re not willing to do. A Realtor® will be pleased to answer your questions in hopes of developing a trusting and long term relationship with you.
So, if you’re hopelessly wrapped in the Internet’s realty web, don’t hesitate to ask a Realtor® to cut you loose. You won’t be sorry.
We’ll always be the Realtors® first in line to help you.
We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to chat, please call us at (210) 863-2661 or 867-8743, or send an E-mail to swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
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