17 March 2010 San Antonio Real Estate Market Report
March 17, 2010 | Leave a Comment
LOOKING FOR SAN ANTONIO HOMES FOR SALE? CLICK HERE.
Quote of the Day: “The strength of a nation is derived from the integrity of its homes.” ~ Unknown
San Antonio Real Estate Fact of the Day: The 2010 residential property tax rate for far west Bexar County homes in the Medina Valley Independent School District is only 2.19% - one of the lowest tax rates in the county. Consequently, the tax on a $100,000 home in the area is $2,190.
Today’s Realty News You Can Use:
Jennifer Hiller has posted her latest San Antonio realty market update in the San Antonio Express News. Click to read her fine article.
Click here for our SanAntonioHomeQuest.com’s Real Estate E-news.
RealtyTimes is a great source for real estate current events. Click here for this week’s webcast.
What’s happening in San Antonio’s homes for sale market today:
Today’s stats continue to reflect the Alamo City’s active buyers’ market; however, trends are starting to move in the direction of a balanced market favoring neither buyers or sellers.
Single Family Detached Homes Listed For Sale Today: 11797 Inventory Increasing Rapidly
Single Family Detached Homes Listings Under Contract: 1940 - Increasing Rapidly
Median List Price: $178,000 - Rising Slowly
Average List Price: $267,840 - Stable
Projected Average Sales Price For Listings Under Contract: $170,949 Rising Slowly
San Antonio’s Wonderous Weather:
Bright blue skies and fluffy spring clouds and 71 glorious degrees at 2:00 P.M. Everything is turning emerald green this Saint Patrick’s day.
That’s all for today’s blog.
We love to hear what you think about our blogs. Your opinions, pro and/or con, recommendations, commendations, and condemnations (please be kind) are eagerly solicited.
Please visit our sanantoniohomequest.com website for all your San Antonio realty research needs.
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 Realty Solutions Team is always ready to help you with your San Antonio area home buying or selling needs.
Labels: Homes For Sale San Antonio, Homes San Antonio, PCS San Antonio, San Antonio Army PCS, San Antonio Physician Loan, San Antonio Real Estate, San Antonio Realty, San Antonio Realty Market Report
March 2010 San Antonio Residential Realty Market Report
March 4, 2010 | Leave a Comment
Spurred on by the up to $8000 Federal first time home buyer tax credit program, San Antonio’s realty market charged vigorously into a very successful late fall 2009 home selling season. The market remained relatively active through December, but, in January 2010, the market dozed deeper than usual during its traditional early winter siesta. Consequently, new listings and sales were down significantly.
In February, the market sprang back to life with renewed vigor, as sales perked up and newly listed resale homes joined the market in advance of what’s projected to be a very active Spring selling season.
Although the new listing and sales trends were expected, something has happened that’s highly unusual for San Antonio. The most recent San Antonio Board of Realtors®
data indicate the average resale home is listed for about the same price as a year ago and the most recent average closed residential listing sale price is significantly lower than a year ago.
Most experts feel the Alamo City’s realty market is experiencing a brief home value depreciation cycle, soon to be followed by the return of the area’s usual steady, but modest home price appreciation. But, there’s a word of caution buried in the optimism, because last year’s experience proves that, despite having one of the nation’s strongest economies, San Antonio isn’t immune to the influence of negative national economic trends. For example, this year, the road to San Antonio for many relocating home buyers is cluttered with the unsold homes they’ve left behind; and home mortgage qualification standards are higher than at any time in recent memory. Consequently, many newcomers will be forced to rent instead of buying a home
On the other hand, there’s a very positive sign. The re-enacted up to $8,000 first-time home buyer Federal tax credit program and the new $6,500 move up home buyer Federal tax credit program are expected to spur both buyer and seller activity at least through 30 April 2010, when the programs expire.
As for the area’s new construction home inventory there’s risk that there’s not enough to meet demand. Nonetheless, some builders are offering some very attractive buyer incentives.
Although it might be a good idea to buy a new construction home, it’s always prudent to diligently check out the incentives offered by the builders and particularly the loans offered by the builders’ affiliated lenders. Before signing a sales agreement, a buyer should seek the help of a Realtor ® to verify (1) that the property is reasonably priced and (2) that the lender is offering the most favorable loan, with the best interest rate, for the lowest settlement costs.
In conclusion, here are the relevant market indicators for San Antonio single-family detached home listings as of 4 March 2010.
There are 11,476 active listings compared to 11,958 one year ago. The inventory is rapidly rising. That’s a good sign for home buyers.
The average sales price for the most recent closings is $169,717 compared to $178,320 last year. It’s believed the unusual drop in average sales price has been driven mostly by the purchases of a large number of less expensive properties by home buyers capitalizing on the Federal home buyer tax credit programs. It remains to be seen how the market will fare after the tax credit programs end on 30 April 2010. What’s certain for the time being is this - the decreasing average sales price trend is a good sign for buyers.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 135 compared to 145 last year. During 2009, CDOM figures were unacceptably high, but now are trending downward. That’s a positive sign for San Antonio home sellers, specifically, and for San Antonio’s realty market, generally.
Industry analysts see these data as reflecting a housing market strongly favoring buyers over sellers.
That’s all for our March 2010 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® of 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 our wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, 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.
3 March 2010 San Antonio Real Estate News You Can Use
March 3, 2010 | Leave a Comment
Jennifer Hiller reports in the San Antonio Express News about the positive impact the new J.W. Marriott San Antonio Hill Country Resort & Spa has had, and will have, on north side San Antonio growth. Click to read Jennifer’s article. It’s super news for homeowners in the area, especially golfers.
If you’re keeping up with the national realty and mortgage news, nothing beats RealtyTimes’ weekly webcast. Go here for some very informative viewing.
Visit our SanAntonioHomeQuest.com website for anything and everything San Antonio realty. If you have questions, need realty or mortgage loan advice or assistance, or just want to chat, call us at (800) 201-9145, (210) 863-2661, or (210) 867-8743, or E-mail us at kelleybus@aol.com or swkrealtor@aol.com.
Military Websites For Homes For Sale San Antonio
March 3, 2010 | Leave a Comment
There are 4 brand new realty and mortgage related websites of interest for military personnel enroute to, or already in, San Antonio, Texas. They are:
sanantoniophysicianloans.com (of particular interest to military and non-military medical personnel)
Please visit and enjoy those highly ranked sites for researching San Antonio homes for sale, selling homes, and acquiring a mortgage loan for San Antonio Army, Navy, and Air Force personnel and their families.
We’re Randy and Stephanie Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas. Please visit our home website at SanAntonioHomeQuest.com. If you have questions about San Antonio or if you need advice about, or assistance with, your San Antonio realty or mortgage loan needs, please contact us at swkrealtor@aol.com or kelleybus@aol.com or call us at (800) 201-9145, (210) 863-2661 or 867-8743.
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26 February 2010 San Antonio Realty Market Report
February 26, 2010 | Leave a Comment
Quote of the Day: “A house is made of walls and beams; a home is built with love and dreams.” ~ Unknown
San Antonio Real Estate Fact of the Day: The 2009 property tax rate for the San Antonio, TX, North East Independent School District (NEISD) area was 2.731%. Consequently, in 2009, property tax on a $100,000 NEISD area home was $2,731.
Today’s Realty News You Can Use:
RealtyTimes is a great source for real estate current events. Click here for this week’s webcast.
San Antonio Express News reporter Jennifer Hiller is our favorite source for local realty news. Her most recent article addresses San Antonio’s initiatives to become a more energy efficient city. Click here to read her brief, but highly informative article.
What’s happening in San Antonio’s homes for sale market today:
Today’s stats continue to reflect the strong trend toward a highly active buyers’ market for the Alamo City.
Single Family Detached Homes Listed For Sale Today: 11421 Inventory Increasing Rapidly
Single Family Detached Homes Listings Under Contract: 1738 - Increasing Rapidly
Median List Price: $175,000 - Stable
Average List Price: $266,849 - Slowly Drifting Down
Projected Average Sales Price For Listings Under Contract: $167,722 Slowly Drifting Down
San Antonio’s Wonderous Weather:
It’s a beautiful day in our neighborhoods. It’s partly cloudy with a coolish breeze and 57 degrees at 10:00 A.M., The forecasted high is 66 degrees and the forecasted low is 39 degrees. We’re standing at the door to a wonderful San Antonio outdoor weekend. See you at the River Walk.
That’s all for today’s blog.
We love to hear what you think about our blogs. Your opinions, pro and/or con, recommendations, commendations, and condemnations (please be kind) are eagerly solicited.
Please visit our sanantoniohomequest.com website for all your San Antonio realty research needs.
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 Realty Solutions Team is always ready to help you with your San Antonio area home buying or selling needs.
25 February 2010 San Antonio Real Estate Market Report
February 25, 2010 | Leave a Comment
25 February 2010 San Antonio Real Estate Market Report
Quote of the Day: ”Good homes are still the best source of good humans.”
–Neal A. Maxwell (1926-2004)
San Antonio Real Estate Fact of the Day: San Antonio is the Nation’s 7th largest city.
Today’s Realty News: Three new San Antonio real estate websites were launched today for Army, Navy, Air Force, and other Uniformed Service home buyers and sellers.
Visit them at: SanAntonioArmyPCS.com
SanAntonioAirForcePCS.com
SanAntonioNavyPCS.com
Basic allowance for housing (BAH) information is available on each site.
What’s happening in San Antonio’s homes for sale market.
Today’s stats are continue to display a strong trend toward a highly active buyers’ market for the Alamo City.
Single Family Detached Homes Listed For Sale Today: 11429 Inventory Increasing Rapidly
Single Family Detached Homes Listings Under Contract: 1735 Increasing Rapidly
Median List Price: $175,000 Stable
Average List Price: $266,467 Slowly Drifting Down
Projected Average Sales Price For Listings Under Contract: $165,606 Slowly Drifting Down
San Antonio’s Wonderous Weather:
This week, San Antonio’s weather has ranged from a rare light snow flurry on Tuesday, to a heavy frost this morning, to a comfortable 66 degrees at 4:30 in this afternoon. The thermometer is tired from jumping up and down, but can rest a bit for the next seven days, with highs in the 60’s and lows between 40 and 50. Pastures have become lush with new growth and there’s a hint of light green buds in some trees around the city. The air smells sweet with spring scents.
That’s all for today’s blog.
We love to hear what you think about our blogs. Your opinions, pro and/or con, recommendations, commendations, and condemnations (please be kind) are eagerly solicited.
Please visit our sanantoniohomequest.com website for all your San Antonio realty research needs.
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 Realty Solutions Team is always ready to help you with your San Antonio area home buying or selling needs.
16 February 2010 San Antonio Real Estate Market Report
February 16, 2010 | Leave a Comment
Quote of the Day: A word to the wise ain’t necessary - it’s the stupid ones that need the
advice. ~ Bill Cosby
Fact of the Day: Approximately 50% of the population of the US is nearsighted.
Today’s Realty News: Jennifer Hiller is San Antonio’s most prolific realty reporter. Her excellent article in today’s San Antonio Express News recaps this January’s lackluster home sales start. Click here to read the article. Keep in mind that the article reflects San Antonio realty reality. The local home sales market is always relatively asleep in January, but usually wakes up active and hungry in mid-February. The following February stats are already showing a trend toward a highly active late winter/early spring buyers’ market for the Alamo City.
Single Family Detached Home Listings Today: 11292 Inventory Increasing Rapidly
Listings Under Contract: 1585 Increasing Rapidly
Median List Price: $175,000 Stable
Average List Price: $269,656 Stable
Projected Sales Price For Listings Under Contract: $167,267 Decreasing Slowly
San Antonio’s Wonderous Weather:
After an exceptionally cold start (27.7 degrees in our back yard with ice in the bird bath), the air’s warming quickly and the temp’s heading for the low 60’s this afternoon. Warm, bright and clear - spring’s near!
That’s all for today’s blog.
We love to hear what you think about our blogs. Your opinions, pro and/or con, recommendations, commendations, and condemnations (please be kind) are eagerly solicited.
Please visit our sanantoniohomequest.com website for all your San Antonio realty research needs.
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 Realty Solutions Team is always ready to help you with your San Antonio area home buying or selling needs.
