San Antonio Real Estate Market - 7-25-2011

Real Estate Agent with Keller Williams, San Antonio, Helotes, Leon Valley

San Antonio Real Estate Market

The San Antonio Real Estate market data is showing that the number of days a home is on the market is still decreasing and is now at 132 days on average over the last 30 days.

Based on the information I gathered today, 22 percent of the homes that come into the San Antonio Real Estate Market in the next 30 days will go under contract? This is up from the 13 percent that I saw several weeks ago. Well in the last 30 days 1405 homes have sold in and in the last 10 days 138 homes went under contract that had been on the market for 30 days or less.

Currently there are 11347 active San Antonio real estate single residential listings on the market. Now that is a pretty stable number and what is surprising is the number of homes that stay on the market day after day after day without even a price change.  Currently there are 919 sellers that have changed the price of their home in an attempt to sell it and 9634 sellers waiting for someone to believe that their home is finally worth the price. That is basically 8% of all the homes in the San Antonio Real Estate Market.

One such San Antonio home that just decreased the list price is 15626 Portales Pass in Helotes, Texas. This 2-story home has a huge back yard, a cedar closet perfect for wine storage, and a great big loft. Located in the gated community of Sonoma Ranch in zip code 78023, this well maintained home is ready to go. To walk through this great home please click San Antonio Open Houses and enjoy the tour.

What is even more surprising is that when you look at the number of homes going under contract after being on the market 30 days or less (171) and dividing that number by the new homes that just came on the market (794) that percentage is 22%. What this tells me is that those 919 sellers are realizing that their home is over priced and want to sell.

So let’s discuss these newly contracted listings that should be putting the San Antonio real estate market in the limelight that it deserves.  Currently there are 771 homes under contract with either an AO or RFR status and 463 of those went under contract in the last 10 days. Out of those 463 homes, 138 were part of the San Antonio real estate market 30 days or less. So what should everyone take away from these numbers? The fact that over 12 Percent of the homes that are sold in the San Antonio real estate market sell quicker than the other 90 Percent.

The bottom line is that if you want to sell your home fast and for the most money, it comes down to Price and Condition. For those buyers out there thinking that it is a “Buyer’s Market” every where… I dare say that the majority of those 138 sellers had multiple offers and had the upper hand.


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