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What's changed in 10 years of real estate?

By Shirley Parks

Real Estate Broker/Owner with Sands Realty 210-414-0966 Texas License #0331413

April 08, 2010 05:59 AM

What's changed in 10 years of real estate?

Percentage of buyers who searched online for a home:

90% in 2009 ~ 37% in 1999

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National median home values:

$172,600 in 2009 ~ $137,600 in 1999

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Home sales in the suburbs:

54% in 2009 ~ 46% in 1999

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Sales of detached, single-family homes:

78% in 2009 ~ 82% in 1999

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Median age of homebuyers:

39 in 2009 ~ 39 in 1999

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Source NAR

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Shirley Parks

Broker/Owner

Sands Realty

Serving San Antonio and surrounding areas, including North San Antonio areas of Alamo Heights, Boerne, Bulverde, Castle Hills, Champions, Fair Oaks Ranch, Garden Ridge, Helotes, Hill Country Village, Hollywood Park, Inwood, Olmos Park, Shavano Park, Stone Oak.

210-414-0966

www.shirleyparks.com

mysahomes@gmail.com

Comments(14)

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William James Walton Sr.

WEICHERT, REALTORS® - Briotti Group - Waterbury, CT

Greater Waterbury Real Estate

Nothing huge, that I can see from the numbers, Shirley. Or am I missing something?

It's always good to have these stats to help us get some perspective on current conditions...

Apr 08, 2010 06:01 AM

Shirley Parks

Sands Realty 210-414-0966 - San Antonio, TX

Broker, 210-414-0966, San Antonio TX Real Estate

Hi William, No dramatic changes except for the number of people looking online.

Apr 08, 2010 06:03 AM

Dan Tabit

Keller Williams Bellevue - Sammamish, WA

Shirley, What I notices is the the national median value is up about 25% despite our major downturn.

Apr 08, 2010 06:32 AM

Shirley Parks

Sands Realty 210-414-0966 - San Antonio, TX

Broker, 210-414-0966, San Antonio TX Real Estate

That's true, Dan. I wonder how much it was up for each of those 10 years.

Apr 08, 2010 06:40 AM

Jeanna Martinez

RE/MAX Access - Schertz, TX

Interesting numbers...especially the online part! I am surprised it isn't 100%...I am sure it will be real close to that soon! Thank you for sharing!

Apr 08, 2010 10:41 AM

Melissa Anderson

Be My Neighbor Mortgage - San Antonio, TX

Your Texas Lender

It will be interesting to see the 2010 numbers. I've closed so many deals with first time homebuyers under 30 years old in the last 8 months it is amazing.

Apr 08, 2010 01:35 PM

Steve Shatsky

Dallas, TX

Hi Shirley... I think it's very interesting that the median age of buyers has not changed! I'm surprised.

Apr 08, 2010 04:39 PM

Mary Douglas

United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO

REALTOR, Red Feather Lakes, Colorado

Hi Shirley, I like the comparison and wonder what we will see in 2020?

Apr 08, 2010 05:32 PM

Myrl Jeffcoat

Sacramento, CA

Greater Sacramento Realtor - Retired

Shirley - Those are amazing comparisons. Everytime I groan at how the value of my home has gone down in the last 3 years, I quickly remember that it is still worth 50% more than it was 10 years ago!

Apr 11, 2010 08:33 AM

Trey Thurmond

BCR Realtors - College Station, TX

College Station , Texas Homes

Shirley

For years they said land doubled every ten years. I would like to see those stats.

Apr 12, 2010 02:53 PM

Trey Thurmond

BCR Realtors - College Station, TX

College Station , Texas Homes

Shirley

For years they said land doubled every ten years. I would like to see those stats.

Apr 12, 2010 02:54 PM

Marchel Peterson

Results Realty - Spring, TX

Spring TX Real Estate E-Pro

Shirley, It is amazing the changes 10 years have made. I think the biggest of all is the Internet though!

Apr 12, 2010 03:14 PM

Melissa Anderson

Be My Neighbor Mortgage - San Antonio, TX

Your Texas Lender

I have to agree with Marchel.............the Net and Email has changed our lives!

Apr 12, 2010 03:27 PM

Todd Clark - Retired

eXp Realty LLC - Tigard, OR

Principle Broker Oregon

It is amazing that even with the price drop of the past two years if people would learn to just hold their homes they could still see increases. That is clearly proved in the 10 year trend you showed here.

Apr 14, 2010 07:22 PM

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Shirley Parks

Broker, 210-414-0966, San Antonio TX Real Estate

Service Areas

We serve all areas of San Antonio, including Alamo Heights, Alamo Ranch, Boerne, Bulverde, Castle Hills, Champions, Cibolo, Converse, Deerfield, The Dominion, Encino Park, Fair Oaks Ranch, Garden Ridge, Helotes, Hill Country Village, Hollywood Park, Inwood, Leon Springs, Monte Vista, Northwest San Antonio, North Central San Antonio, Northwood, Olmos Park, Rogers Ranch, Schertz, Shavano Creek, Shavano Park, Sonterra, Stone Oak, Terrell Hills, Universal City, Ft. Sam Houston, and Randolph AFB. We proudly assist clients in every price range throughout the greater San Antonio metropolitan area as well as across the nation.