inventory: Market Report for San Antonio 78259 - 10/23/09 08:47 AM
San Antonio 78259
New homes being built at a sensible pace, plenty of land for expansion, and the gently rolling hills of the edge of the Hill Country define the real estate market in 78259.  I fear this area will eventually end up a bit more like Stone Oak, but for now, that is nothing more than my own speculation and I don't think it will happen for many years to come.  Overall 78259 is performing much like it should based on the laws of supply and demand.  Sales are a bit sluggish in the area, but a dent is being … (0 comments)

inventory: Market Report for San Antonio 78258 - 10/22/09 03:32 AM
San Antonio 78258
The Stone Oak area (78258) has had more trouble than most over the last year.  Overbuilding combined with the nightmare that is 281, has allowed this once heralded area of San Antonio to become a little less desirable.  Don't get me wrong, plenty of people still love the area, but it isn't talked about in the same revered tones it once was.  Median home prices are down over $30,000 since January 2008 and although there is a current trend upwards, this area has quite a way to climb to reach its previous peaks.  Inventory may look low on … (2 comments)

inventory: Market Report for San Antonio 78255 - 10/21/09 11:30 PM
San Antonio 78255
If you were hoping to see a decent price increase, look no further than 78255.  Unfortunately, that price increase also comes with a rise in inventory.  With a 70 home increase since August (about 35%), homes are hitting the shelves quicker than they are flying off.  Once again, the higher priced home market (just about anything above $200,000) is slow to move as buyers watch prices and are looking for deals.  Since there is also a lot of new construction in the area, consider this a trend that will stay for awhile.  This price increase is probably being … (5 comments)

inventory: Market Report for San Antonio 78254 - 10/21/09 11:05 PM
San Antonio 78254
Yet another hot area for builders looking for new areas of town to develop, 78254 faces similar problems to 78251 in that builders rushed to the area, but when the bottom fell out, they were left holding the bag.  Add to this a traffic snarl with this side of the 1604 and you have an area that's destined for greatness, but is now facing some of the holdups that the Stone Oak area has experienced.  If homes continue to come on the market at or nearly at the same rate as they are being bought, expect to see … (0 comments)

inventory: Market Report for San Antonio 78251 - 10/21/09 10:55 PM
San Antonio 78251
This zip code, being on the west/northwest side of town is again affect by its proximity to Lackland Air Force Base and that section of the city's fast growth.  Builders flocked to this area and began building in earnest, but as things slowed, many builders were left with large developments with population growth that wasn't matching their building speed.  In order to compensate, builders began slashing prices and dragging re-sale home prices down with them.  Unfortunately, many people bought these homes at the height of the boom cycle and are now sitting on homes that are hard to … (0 comments)

inventory: Market Report for San Antonio 78250 - 10/21/09 01:10 PM
San Antonio 78250
If you look at the long term picture, 78250 has been quite stable.  Although we have seen some price increases as inventory has declined, the increases have been relatively minimal.  Through the course of 2009 prices in the area have floated up and down, but overall are sticking to the mid-120s.  Homes here have been selling well and this price range has been hot throughout San Antonio since summer.  Days on market is still hovering around 5 months and will take a few more months of quicker sales to truly balance out (law of averages).  Overall, 78250 offers … (0 comments)

inventory: Market Report for San Antonio 78248 - 10/21/09 06:22 AM
San Antonio 78248
Prices have been seeing a slow and steady increase since early summer after taking a fall during the spring of 2009.  At the same time however, inventory has been on the rise as well, keeping the appreciation from hitting too high too fast.  With a wealth of above-average priced homes, 78248 will probably not see any drastic price increases, but continue a slow and steady growth unless inventory levels start a sharp incline.  Days on market is still hovering around the 5 month mark.  If you're looking to sell your home in the 78248 area, you'll need to … (0 comments)

inventory: Market Report for San Antonio 78245 - 10/21/09 05:20 AM
San Antonio 78245
Throwing supply and demand out the window, 78245 bucks the trends of inventory and price being inversely related and continues a steady decline in both categories.  Because of it's proximity to Lackland Air Force Base, this area saw a lot of new construction growth and as the market slowed, so did the builders.  With the builders looking to continue their developments in the area, they often were willing to slash prices, bringing overall values down.  As well, they stopped building new homes for awhile - so as people bought the now-discounted homes, the inventory levels continued to decline.  … (0 comments)

inventory: Market Report for San Antonio 78231 - 10/21/09 04:01 AM
San Antonio 78231
Now that the summer buying season is over, it looks like things in 78231 have returned to their past ways.  Prices have seen a slight decline as inventory levels have risen once again.  Because of it's overall median price, these homes are sticking around awhile longer than other areas of the city, so it's easy to see why the summer season put a dent into the inventory, but not enough to cause a serious change in the overall market.  Here in San Antonio (in general) homes above $200,000 are slower to move this year as people are being … (2 comments)

inventory: Market Report for San Antonio 78230 - 10/20/09 11:40 PM
San Antonio 78230
The 78230 housing market report for this week is still looking promising.  Home prices have risen over the last few months, but have taken a small slide recently.  Inventory is declining (you can really see supply and demand in effect in the chart below).  As we pull into the holidays, this will most likely level off slightly, but with interest rates remaining low and prices still hovering near their lows, I still expect to see more activity through the end of the year.  78230 offers many great neighborhoods and there are still plenty of homes to choose from.
… (5 comments)

inventory: Real Time San Antonio Real Estate Market Data - In Your Control! - 06/16/09 12:52 PM

 
The latest San Antonio market data available to you.
With the new RErockstar.com "Market Reports" section, you can now view real-time market data by zip code here in San Antonio.  Just choose your time frame (30 days to all available data), price ranges (by percentile), type of home (single family residential or condominium) and your market area by zip code (see example below):

please note: this is an image, so you can not click the checkboxes
Then, choose the statistics you want to view in the custom charts generated based on your selections.  Currently you can choose median … (6 comments)

inventory: San Antonio Real Estate Market Reports - Free, Weekly Information On Your Local Area - 05/05/09 01:48 PM

photo courtesy of ArtemFinland
Trying to find great local real estate market information?
With everyday bringing some new news about real estate markets from California to Florida, trying to make sense of the local San Antonio real estate market can be frustrating.  Usually the news channels are positive about the Texas market overall, but we're not Houston, Dallas, or Austin - what we need is local information.  And even when you find information on the housing market in San Antonio, it's often outdated or not specific to your part of town.  We all know that homes on one side of … (2 comments)

inventory: San Antonio Market Update - 4/20/2009 - 04/20/09 03:19 PM
What a difference a zip code makes.
While doing my weekly market reviews, I saw somethings that I thought I'd point out.  While the city of San Antonio is experiencing a decent flow of properties being bought and thereby decreasing our inventory, not every zip code performs the same.  While overall knowledge of San Antonio markets is important, specific knowledge of varying areas allows you to truly narrow down your research and pinpoint markets that are outperforming others.  Let's take a look.

Overall, San Antonio's inventory of available homes has been declining as of late.  Although we have a long … (0 comments)

inventory: Thinking of buying a home in San Antonio? Ten things you should consider. - 04/07/09 08:55 AM

photo courtesy of striatic
"It's a great time to buy!  There's never been a better time to buy!  Buy now!"
You've heard the phrases, they're tossed about by Realtors® everywhere and printed on every blog I can find.  What you need to ask (and get answers to) is - why?  Any real estate agent worth their salt will be able to give you a brief summary of the things that make this a "great time to buy," but I've decided to boil it down to ten simple facts that you can't avoid.  These ten factors, especially when combined, do indeed … (14 comments)