November 2016 Home Sales In San Antonio, TX

By
Real Estate Agent with Brown Realty, 210-789-4216,www.JeremiahNewman.com TREC #0492321
http://activerain.com/droplet/4Yrl

Despite the consistently tight market with a low inventory of just over three months, the number of homes that sold in the San Antonio market area continues to skyrocket over last year’s figures for November with a total of 2,115 homes being sold, which showed a substantial 23 percent increase year-over -year, according to the latest statistics released by the Multiple Listing Service Report from the San Antonio Board of REALTORS®(SABOR).

 

New Homes For Sale in San AntonioBoth the average and median prices for November also reached record highs for November sales. The average price had a 10 percent increase over last year for $238,347, while the median price came in at $199,400 for a 9 percent increase. There were 400 more homes sold in November 2016 than this same time last year, and 2000 more additional homes sold for the whole year to date.  Even though prices continue to rise over the years, San Antonio still remains below the state average and below many of the other major metro areas in Texas.

 

For comparison, the median price of a home sold in Bexar County last month was $188,648 while the median in Travis County(Austin) was $320,000 and in Harris County(Houston) was $205,000. The Texas median was $215,000.

 

The largest percentage of homes sold last month were priced under $200,000 with those homes accounting for 50.31 percent of November’s market. Homes priced between $200,000 and $500,000 made up 44.35 percent of November’s sales while homes priced over $500,000 made up the remaining 5.34 percent.

 

Homes in the San Antonio area stayed on the market just 58 days, five days fewer than last November. There were 2,534 new listings on the market in November and the month ended with 1,771 sales still pending – six percent more than in November of last year.

 

 “We keep seeing an influx of sales this year, and a lot of that has to do with the number of jobs being brought to the area as well as the lower interest rates,” said Angela Shields, SABOR’s President and CEO. “The great thing about the San Antonio area is the diversity of properties available. Whether you’re looking to own a house in the suburbs, buy a condo downtown or move into an apartment in the city, there really is something for everyone.”

 

Across Texas, sales also experienced a spike in growth, rising 19.8 percent year-over-year for a total of 22,052 sales. The average sales price increased 8.6 percent to $267,720 and months of inventory remained low with just 3.5 months availability.

 

Now would be a great time to find out How Much Your Home is Worth, so you can get it on the market in time for the big rush after the holidays. If you are in the market to buy a single family home, condo, or land in and around the San Antonio area, contact Jerry at 210-789-4216, or visit my website at Homes For Sale in San Antonio.

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Joni Bailey
Berkshire Hathaway Home Services - Anderson Properties - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

I love reading GOOD NEWS about real estate sales! 2015 and 2016 sure have been good years for real estate in Texas. Looking forward to an amazing 2017. Happy New Year!

Dec 31, 2016 08:51 AM #1
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Joni. Real Estate has been good in Texas for some time now. Wishing you all the BEST in Hunstville! Happy New Year!!

Dec 31, 2016 08:54 AM #2
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Sandy Padula and Norm Padula, JD, GRI
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

Jerry Newman Thanks for the excellent market report and we hope you and your Family enjoy a fulfilling and prosperous New Year!

Dec 31, 2016 10:21 AM #3
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

You're welcome! Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 May you have a very good and prosperous New Year in 2017.

Dec 31, 2016 10:53 AM #4
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Jerry - Excellent market overview for San Antonio. And Happy New Year - may 2017 be your best year ever!

Dec 31, 2016 01:06 PM #5
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Dick. Wishing You and Mary a very Prosperous New Year too!

Dec 31, 2016 03:19 PM #6
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I've been hearing great things about San Antonio lately so I might have a reason to visit in the near future

Jan 02, 2017 11:58 PM #7
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Laura Cerrano You're always welcome to visit our lovely city. Let us know whenever you do decide to come this way, so we can put together a special Meetup.

Jan 03, 2017 04:52 AM #8
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Home buyers and sellers in the area will appreciate this information. Thank you for sharing 

Jan 03, 2017 06:11 AM #9
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will certainly appreciate your local real estate market reports.

Jan 05, 2017 07:12 AM #10
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Gita. Wishing you all the Best for 2017.

Jan 05, 2017 07:44 AM #11
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Roy. May you and Delores have a Fantastic Year in 2017.

Jan 05, 2017 07:45 AM #12
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