February 2012 San Antonio Homes Market Report
February 4, 2012 | Leave a Comment
It’s hard to argue with the numbers and everywhere we look the numbers are up for San Antonio’s economy and housing market.
Why not?
We’re situated at the front gate of the highly lucrative and rapidly growing Eagle Ford shale oil boom.
Each month, we’re growing or attracting a diverse mix of new and relocating businesses and bringing in new Air Force, Army, and Navy personnel and their families to the sprawling Joint Base San Antonio complexes.
We have a relatively low unemployment rate when compared to America’s other large metropolitan areas and the nation in general.
Population growth is steady and well supported by the local economic, health and government services infrastructures.
So, what does such favorable economic news mean for San Antonio home buyers and sellers?
In January, we were seeing signs of an impressive 2012 sales year for both the residential construction and resale housing markets. Now, in early February, thanks to the aforementioned factors coupled with historically low mortgage interest rates, we are experiencing an exceptionally active early winter realty sales season.
Just look! Here’s the picture in and around San Antonio as of 4 February 2012:
Reasonably priced and well prepared resale homes are selling exceptionally well and new home builders are responding to better conditions by producing a larger inventory of production homes.
There are 9, 913 homes listed for sale compared to 11,399 one year ago.
The listings inventory is exceptionally low but will likely trend steadily upward as late winter/early spring listings are brought to market.
For the time being, the market has drifted into the 6 months supply range, reflecting a balanced market (a condition not seen in San Antonio for many years). A balanced market favors neither buyers nor sellers.
The average sales price for the most recent closings is $179,728 compared to last year’s $187,762.
Nonetheless, closed sale prices are steadily rising - a trend likely to continue through the higher paced late winter/spring and summer home selling seasons. That’s a good sign for sellers.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 147 compared to 137 last year. A continuing downward trend is expected. That’s a positive sign for home sellers and the San Antonio realty market generally.
Industry analysts see these data as reflecting a basically balanced housing market that is more likely than not to soon favor sellers over buyers.
That’s all for our February 2012 San Antonio realty market report. We encourage reader comments and recommendations about how to make our reports more informative and useful.
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 a bit about the wonderful Alamo City, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie), or email 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.
BAH For San Antonio Bases
January 19, 2012 | Leave a Comment
You can go here to calculate your San Antonio area BAH, see information about your other pay and allowances, and learn all about the San Antonio area military installations. http://www.sanantoniohomequest.com/local-military-info.asp
Go here to learn about our 2012 Reward Program For Public Service Home Buyers: http://www.airforcepcs.com/2012/01/10/public-service-reward-program-for-san-antonio-home-buying/
Please contact us if you have questions about the residential real estate market in communities near Lackland and Randolph Air Force Base, the Kelly and Medina Annexes, Fort Sam Houston, and Camp Bullis.
Stephanie and Randy Kelley, Real Estate Analysts and Negotiators
kelleybus@aol.com or swkrealtor@aol.com
(210) 863-2661 or (210) 867-8743
The San Antonio Home Quest Realty Solutions Team
Keller Williams Legacy
Home Near San Antonio Air Force Bases
January 19, 2012 | Leave a Comment
This new listing is within easy commute to Lackland Air Force Base and the Medina and Kelly Field Annexes, and close to major road networks leading to downtown San Antonio, Randolph Air Force Base, Fort Sam Houston, and Camp Bullis. Click to SanAntonioHomeQuest.com to see all the specifics.
Contact us for more information or an appointment to visit this or any residential property for sale in the San Antonio military bases area. Ask us about your eligibility for our Public Service Reward Program For San Antonio Home Buying.
Stephanie and Randy Kelley, Real Estate Analysts and Negotiators
kelleybus@aol.com or swkrealtor@aol.com
(210) 863-2661 or (210) 867-8743
The San Antonio Home Quest Realty Solutions Team
Keller Williams Legacy
New Construction Home For Sale Near Randolph AFB And Fort Sam Houston
January 10, 2012 | Leave a Comment
This beautiful new Plantation Homes listing is within easy commute to Randolph Air Force Base, Fort Sam Houston, and the shopping and entertainment centers in San Antonio and New Braunfels. Go to SanAntonioHomeQuest to see specifics.
Contact us for more information or an appointment to visit this or any residential property for sale in the San Antonio, Randolph AFB, and Fort Sam Houston area.
Stephanie and Randy Kelley, Real Estate Analysts and Negotiators
(210) 863-2661 or (210) 867-8743
The San Antonio Home Quest Realty Solutions Team
Keller Williams Legacy
Homes For Sale Near Randolph AFB
January 10, 2012 | Leave a Comment
If you’re looking for the best listings for homes for sale near Randolph AFB in the highly rated Schertz-Cibolo Independent School District, go here to our world class search engine and enter Schertz and Cibolo and your home size, price range, etc. :
http://www.sanantoniohomequest.com/ext-search-listings.asp
We pay you to use us as your realty analysts and negotiators. Go to this AirForcePCS.com blog article for the latest information about our highly regarded Public Service Home Buyer Award Program:
http://www.airforcepcs.com/2012/01/10/public-service-reward-program-for-san-antonio-home-buying/
If you have questions about, or want to visit, any Randolph AFB listing found on the Internet, please contact Randy at (210) 863-2661 - kelleybus@aol.com - or Stephanie at (210) 867-8743 - swkrealtor@aol.com .
Serving the San Antonio, Bulverde, Schertz, Cibolo, and Selma communities since 1992, we are the SanAntonioHomeQuest.com Realty Solutions Team.
Public Service Reward Program For San Antonio Home Buying
January 10, 2012 | Leave a Comment
Public Service Reward Program For San Antonio Home Buying
If you are an active duty or retired uniformed services member, a uniformed services veteran, an active or retired teacher, active or retired government civil service or public service employee, or a survivor thereof, you are eligible for SanAntonioHomeQuest’s Public Service Reward Program .
Our calendar year 2012 program is offered to qualified buyers using our home buyer representation services to close on the purchase of a newly constructed or resale home on or before 30 April 2012.
San Antonio Home Quest’s Public Service Reward Program is very similar to USAA’s Mover’s Advantage Program.
Here’s what it’s worth to you:
Home Purchase Price Reward
$1 - $99,999 $350
$100,000-$149,999 $650
$150,000-$249,999 $950
$250,000-$399,999 $1,250
$400,000+ $1,550
If you want detailed information about our Public Service Reward Program, please contact a member of our team telephonically, via email, or by filling out the buyer info here (mention Reward Program in Additional Information).
We’re Stephanie and Randy Kelley, Realtors® , sanantoniohomequest.com at Keller Williams Legacy, San Antonio, Texas. Contact us at (210) 863-2661 for Randy, or (210) 867-8763 for Stephanie, or E-mail us at swkrealtor@aol.com, or kelleybus@aol.com. Our broker is Steven Gragg at (210) 482-3200.
San Antonio Mortgages For VA Home Loan Benefits
January 9, 2012 | Leave a Comment
If you’re looking to buy or sell a San Antonio area home, please visit Randy and Stephanie Kelley’s sanantoniohomequest.com website for the essential advice and assistance you’ll need, including access to our world class realty search engine. Now, speaking of San Antonio home buying, here is important information about San Antonio VA home loan benefits.
Mortgage interest rates are at historic lows. Now is the time to get $417,000
or more through your VA Home Loan benefit.
Buy a home or refinance now to
Lock In A Low Rate and Lower Monthly Payments
With No Downpayment or PMI Required
Or To Pay Off Higher-Rate Balances
Or To Pay Off a Second Mortgage
These San Antonio VA Home Loan lenders can help you buy or refinance :
Jamie Spanley
Mortgage Banking Officer
Physician And Other Professional Loan Programs & VA Loans
BBVA Compass Bank, San Antonio
200 Concord Plaza, Ste 600
San Antonio, TX 78216
(210) 370-6028 (office)
(210) 274-5011 (cell)
(866) 491-5619 (fax)
or
Patrick Fitzgerald
Senior Loan Officer and Military Expert
Prime Lending
(210) 483-4900 (office)
(800) 671-4995 (toll free)
(210) 862-6296 (mobile)
(877) 877-9028 (fax)
or
J.P. Watkins, Mortgage Broker
True Texas Lending, LLC
9311 San Pedro , Ste 100
San Antonio, TX 78216
Toll Free (1-800) 460-6990
Office: (210) 490-4253
Cell: (210) 837-3006
FAX: (210) 490-7253
Jpwatkins@truetexaslending.com
or
Melissa Kulikoff
Sr. Loan Officer
AMCAP Mortgage, Ltd.
Cell: (210) 849-9030
Fax: (210) 957-8535
