March 2014 Randolph AFB, Lackland AFB, Fort Sam Houston Homes For Sale Report

lackland-air-force-base-imagescasf8wvw.jpgIf you’re buying or selling a home near Randolph AFB, Lackland AFB, or Fort Sam Houston this year,  keep this in mind.  In March 2014, there are too few new and resale homes on the market and there are too many buyers looking for a home to buy.  Consequently, competition for available homes is keen, home prices are rising, and home sellers have the advantage over buyers when it comes to negotiating the price, terms, and conditions for selling their homes.

Why is the area’s home sales market so active this year?

Following on the heals of the highly successful 2013 home sales year,   San Antonio has all of the right  economic conditions for a vibrant spring and summer 2014 residential sales market.  The nearby Eagle Ford Shale oil boom is a significant factor, especially for home sales in the neighborhoods near Lackland and Randolph Air Force bases.

Although, for the time being, the market favors sellers over buyers, San Antonio homes remain highly affordable for active duty and retired uniformed services families and mortgage interest rates are exceptionally low for well qualified home buyers.

Our advice is this for this March’s San Antonio military bases area  home sales market.  If you are a buyer or seller looking to make the most timely deal for your home investment, don’t delay. Consult with us as soon as possible.

That’s all for our March 2014 San Antonio bases area realty market report.

We encourage reader commends and recommendations about how to make our reports more informative and useful.

Please visit our sanantoniohomequest.com website for more information and access to our highly rated San Antonio homes for sale search engine.

If you have questions, need San Antonio realty or mortgage loan advice and assistance, or just want to chat a bit about  Military City USA, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie).

We’re Randy and Stephanie Kelley, Realtors ® at Keller Williams Legacy, San Antonio, Texas.  Our never ending goal is to help you get the best price, terms, and conditions for your residential realty investment.

 

 

 

 

 

February 2014 Lackland AFB, Randolph AFB, Fort Sam Houston Homes For Sale Report

In early February 2014, here’s what’s happening with home sales in the communities closest to Lackland AFB, Randolph AFB, and Fort Sam Houston.

Everywhere we look, there are too few homes for sale and too many buyers looking for homes to buy.

So, why are home sales around San Antonio’s military bases so active this early in the year?

The Alamo City’s largest military installations are located at the front gate of the prosperous and rapidly growing Eagle Ford shale oil and natural gas field.  Demand for homes for oil industry workers is high.

Also, because  San Antonio is economically healthy, the entire San Antonio metropolitan area is attracting a diverse mix of both homegrown and inbound businesses.  Employment rate is high and the city’s well employed population is eager to find new and resale homes to buy.

So, what does the  favorable economic news mean for San Antonio’s active duty and retired uniformed services home buyers and sellers?

As reported in our recent RealtyTimes article, as of 3 February 2014:

“Reasonably priced and well prepared resale homes are selling exceptionally fast and new home builders are putting new inventory into production as quickly as possible.

There are 7847 new and resale homes listed for sale compared to 8520 one year ago.

The listings inventory is exceptionally low but will likely trend slowly upward as late winter/early spring listings are brought to market. Nonetheless, for the time being, because the market has drifted downward into the 4 months supply range, there’s a highly unbalanced market favoring sellers over buyers.

The average sales price for the most recent closings is $195,484 compared to last February’s $183,834.

Both list and sales prices are steadily rising – a trend likely to continue through the higher paced late winter/spring/early summer home sales high season.”

It’s easy to see that, presently, San Antonio’s active duty and retired uniformed services home sellers have an excellent market  for selling their homes.  The market is expected to favor home sellers at least through the end of this summer’s home selling season high season.

Nonetheless,  San Antonio’s incoming  and locally relocating uniformed services home buyers can still be confident that they can find affordable homes, especially when compared to homes in the Nation’s other large metropolitan markets.

That’s all for our February 2014 San Antonio residential realty market report.

We encourage reader comments and recommendations about how to make our reports more informative and useful.

Please visit our sanantoniohomequest.com website for more information and our highly rated San Antonio homes for sale search engine.

If you have questions, need San Antonio realty or mortgage loan advice and 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 fill out the form below.

Remember, our never ending goal is to help you get the best price, terms, and conditions for your residential realty investment.

December 2013 Home Sales Near Randolph, Lackland, And Fort Sam Houston

homes_for_sale_san_antonio_river_walk_christmas.jpgOur December 2013 San Antonio Home Sales Report for our Randolph, Lackland, and Fort Sam Houston communities  is brief and to the point.  The opening of this year’s holiday season sees the closing out of the most active San Antonio home sales market since the record breaking 2006 home sales year.

Although December is typically the low season for realty activity in-and-around San Antonio’s USAF and Army installations, if the current trend continues, our market promises to produce a near historic high number of home sales for December.

Although there are many factors contributing to the upward home sales trend, there is universal agreement that the prime reason for our robust residential sales market is the economic boom created by the  south Texas Eagle Ford shale oil and gas play.  Because the Eagle Ford  fields and support complexes are near Lackland and Randolph Air Forces Bases, the impact has been particularly significant for our retired and active duty military home buyers and sellers around those bases.

As seen by the following key indicators, San Antonio’s healthy oil driven economy has had a dramatic effect on area home sales.

As of 8 December 2013, compared to 8 December 2012 –

  • the number of homes under contract is up 2.79%,
  • the average home list price is up 13.63%,
  • the most recent average home sale price is up 8.91%,
  • the average time to sell a home is down 11.93%,
  • the homes for sale inventory is down 10.8%.

So, what does this mean for San Antonio’s active and retired  uniformed services  home sellers and buyers this month, through the winter, and into next spring?

Although industry analysts see the data as reflecting a housing market very strongly favoring sellers, buyers can take heart in knowing that mortgage interest rates remain low and the average quality San Antonio home remains highly affordable when compared to a comparable home in the nation’s other large metropolitan area markets.

That’s all for our December, 2013 San Antonio realty market report other than to wish you a merry Christmas, happy holidays, and happy new year.

We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas.  We specialize in servicing the home buying and seller needs of active and retired uniformed services families.

We encourage reader comments and recommendations about how to make our reports more informative and useful.

Please visit our sanantoniohomequest.com website for reliable residential realty advice and assistance and a fast and easy residential listings search engine.

If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about the wonderful Military City USA, please call us at (210) 863-2661 (Randy) or (210) 867-8743 (Stephanie).

Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.

November 2013 Homes For Sale Report For Lackland, Randolph, And Fort Sam Houston

Here’s a summary of the November 2013 homes for sale report from SanAntonioHomeQuest.com as it applies to the new and resale home communities near San Antonio’s Lackland and Randolph Air Force Bases and Fort Sam Houston. 

This year, the residential sales market around the military bases isn’t typical for early fall. The  market peaked early in May, stayed strong throughout the summer and has slowed in November but is remaining stronger than expected for what’s usually the off season for home sales. 

Rising mortgage rates, rigid loan qualification requirements, and concerns about the nation’s economy might be slowing the market a bit, but some realty agents feel that San Antonio’s strong economy, the appearance of more realty investors, and fear of rising mortgage rates are factors  causing more buyers to come to the market than usual for the fall season.

If you are contemplating selling a home near Fort Sam Houston, Lackland Air Force Base or Randolph Air for Base, it’s time to act.  Why?  For months, buyer demand near the military bases has exceeded the inventory of new and resale homes.  Consequently, home prices have risen quickly and the average time to sell a home has fallen.  Within the last few weeks,  those trends have stabilized, but not enough to significantly moderate the strong seller’s market that started in 2012.

For Air Force and Army home sellers this news has had a wonderful effect.  Positive price appreciation has brought many home owners out of a condition where they found their mortgage balance exceeding their homes’ worth.  Consequently, fewer uniformed services home sellers are having to  resort to short selling their homes and many more are now selling their homes for a profit.

The news hasn’t been quite as good for uniformed services families hoping to buy a home near a San Antonio military installation.  Home prices are higher than usual and are now beyond the affordability range for some Air Force and Army homebuyers.  According to the report at sanantoniohomequest.com, “some realty market analysts predict the coming of a more balanced market in 2014  because, as home affordability decreases, demand will also decrease, thereby driving down sales, upping inventory, and, ultimately, causing list and sales prices to fall.”  Should that occur in coming months, the market might shift away from favoring home sellers to favoring sellers or buyers.

That’s for the future. For the time being, San Antonio home sellers hold the advantage.  You can see the market indicators proving the condition of the current sellers’ market in the November residential market report at sanantoniohomequest.com.

That’s all for our November 2013 San Antonio residential realty market report for the communities near Lackland, Randolph, and Fort Sam Houston.  We encourage reader comments and recommendations about how to make our reports more informative and useful.

Wishing you a peaceful Veterans Day holiday and happy Thanksgiving, we are Stephanie and Randy Kelley, Realtors ® at Keller Williams Legacy, San Antonio.  We specialize in helping active duty and retired uniformed services families get the best price, terms, and conditions for their residential realty investment.

If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to learn more about our wonderful Alamo City and realty conditions near the military bases, call  (210) 863-2661 or (210) 867-8743. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.

 

 

 

 

 

Colorado Springs MLS Market Update for April 2013

Colorado Springs MLS Market Update for April 2013

There are currently 3,377 active listings and 932 total sales in the Colorado Springs for the month of April.  The number of active listings is about the same over one year ago with the number of sales up 26%. The inventory for April is down to 3.6 months making this a very competitive market for buyers.  With the low inventory we are seeing new construction taking off because buyers are having trouble finding suitable resale properties. New construction in Colorado Springs is up 38% over one year ago.  We need more homes on the market, call 719-964-4810 for your complimentary market analysis for your Colorado Springs home.

The average sales price in Colorado Springs for April was $235,161 and median sales price is $214,925 up 6% and 13% respectively from one year ago.

New home starts for Colorado Springs are up 38% from one year ago and 21% over March.

For additional details visit Colorado Springs Real Estate Market.

Other links:

Search new homes or new construction in District 20.

Market Reports for Academy School District 20 neighborhoods:

Briargate to include Cordera, Pine Creek, and Wolf Ranch

Northgate to include Flying Horse and Gleneagle

Northwest to include Peregrine and Rockrimmon.

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