2012 Housing Forecast for San Antonio, TX
San Antonio has a very strong real estate market due to job growth, the military presence, and expansion in the city, and is well on the road to recovery compared to last year’s statistics. San Antonio presently has 6.5 month supply of unsold homes in the city. Down from 7.3 in Nov 2011. The median Sales Price in 2011 was $152,000 compared to $149,800 in 2010. That is an increase of 1%, and another indicator of how strong the real estate market is in San Antonio, TX.
The total number of sales as of Nov 2011 was 16,516 compared to 16,515 in Nov 2010. Though the number of sales were basically the same both years, there was a differences in the days on the market, as well as, the price per square foot. Depending on the location and the community, the days on the market, and price per square foot varied. For example, in Deerfield, the price per square foot was $116.33 in 2010, but it dropped to $112.97 in 2011. In Alamo Heights the price per square foot was $193.51 in 2010, but dropped to $186.73 in 2011. On an average the days on market in 2010 was 98 days, and in 2011 it was 96 days.
There were comparisons made with several of the major communities in the city, and also comparisons made with homes in different price ranges. The ranges were broken down $0 to $199,000, $200,000 to $499,999, and $500,000 and above. To see all the individual statistics as compiled from the local San Antonio Board of REALTORS, see slides on the Housing Trends in San Antonio, TX. Looking back at 2009, 2010, and 2011 will give us good idea where the real estate and housing industry in heading in 2012.
If you are planning to buy or sell a home in San Antonio, or any of the surrounding areas, contact your Local San Antonio Real Estate agent, or visit my website at Homes For Sale in San Antonio for more information. Then get your up to date reports on the local market in San Antonio.
(statistics taken from the San Antonio Board of REALTORS®)