August 2014 San Antonio Home Sales Near Military Bases

Freedom flight over Randolph Air Force Base

Freedom flight over Randolph Air Force Base

It’s August in the Alamo city and, after a relatively mild early summer, the neighborhoods near San Antonio’s

military bases are now experiencing occasional 100 degree plus days.  
 
August heat and the start of the school season usually herald a significant slowdown in home sales.  Last month, we predicted the market was slowing in a manner consistant with the normal seasonal cycle, but now it seems this year is different.  Bouyed by an burst of favorable economic reports in July, the entire San Antonio area and particularly the subdivisions near Randolph Air Base, Lackland Air Force Base, Fort Sam Houston, and Camp Bullis, are now projected to have an unsually active home sales season extending through August and into September 2014.
Why is San Antonio’s  homes sales high season lasting so long this year?  Here are the contributing factors.  
San Antonio has become one of the nation’s leading economic powerhouses.  The city is next door to the Eagle Ford oil and gas boom.  It has a very large active duty and retired military community.  Its dynamic economy, balanced demographic trends, and glowing long term growth projections reflect a large and vibrant metropolitan area with a strong, stable, and growth oriented personality. 
 
This year, San Antonio’s strong economy is on track to generate either the second or third best home sales record since the record breaking 2006 sales year.  It’s a factor that’s especially important for the moderately priced neighborhoods near the area’s military facilities.
 
What do today’s market conditions mean to local home sellers and buyers.  Here are the key indicators comparing July 2013 and July 2014:
 
Home sales were up 5.09% from 2219 to 2332 units.
 
The average list price was up 5.56% from $223,036 to $235,429.
 
The average sales price was up 6.17% from $215,939 to $229, 254.
 
The time on the market to sell a home was down 10.20% from 98 days to 88 days.
 
According to San Antonio’s Multiple Listing Service, as of 10 August 2014, there were 156 fewer homes on the market than last year and the average price of available homes for sale had increased 7.11% from $311,226 to $333,355.
 
Because the inventory of new and resale homes for sale is unusually low, the current seller’s market is likely to continue into the fall before trending toward a more balanced market in the winter and next spring.
 
That means that active duty and retired military home sellers can continue to expect offers close to 97% of their asking price and military community buyers can expect to encounter less seller flexibility and harder negotiations.  Nonetheless, buyers need not to be discouraged because San Antonio area home prices near its military bases are much more reasonable compared to much higher prices for homes in other military communities.
 
That’s the news for our August 2014 San Antonio home sales report.  We encourage reader comments and recommendations about how to make our reports more informative.
If you have questions, need San Antonio area realty or mortage loan advice or assistance, or just want to learn more about our marvelous Military City USA, also known as San Antonio, please call us at (210) 863-2661 or 
(210) 868-8743, 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.

San Antonio Open House Near Randolph And Fort Sam July 13, 2014

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SAN ANTONIO OPEN HOUSE  BETWEEN 2:00 AND 4:00 PM, SUNDAY, 13 JULY 2014

 WITHIN COMFORTABLE COMMUTE DISTANCE TO RANDOLPH AFB AND FORT SAM HOUSTON

This home is move in ready!  There’s fresh paint – inside and out.  There’s laminate flooring and carpet installed in June, 2014. The wonderful floor plan features 1 bedroom and full bath down and 3 bedrooms and 2 full baths up.  There are 2 living areas.  The kitchen has a breakfast bar and smooth top range. There’s a covered porch and spacious fenced back yard.  The neighborhood features some of the newest Northeast Independent School District (NEISD) schools.

Go here for more information:

http://www.sanantoniohomequest.com/listing/99657684-150122549/25315-longbranch-run-san-antonio-tx-78261/

Brought to you by Stephanie Kelley, Realtor®, GRI, ABR, CRS, e-Pro, Keller Williams Legacy, San Antonio, Texas (210) 867-8743 or (210) 863-2661

 

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