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Foreclosures Are Selling Fast for Real Estate Recovery in San Antonio, TX

By Jerry Newman

Real Estate Agent with Brown Realty, 210-789-4216, TREC #0492321

July 28, 2011 10:01 AM

Foreclosures Are Selling Fast for Real Estate Recovery in San Antonio, TX

Good News San Antonio’s Northwest have been making some great strides in improving the city’s over all improvement for a Recovering Real Estate market. Now, that is some GREAT News for home owners and sellers in the city’s Northwest Area. It has been very difficult for many of these home owners and sellers to compete with all those foreclosed properties on the market in that area.

Since the beginning of the summer on June 1, 2011 until today, July 28, 2011, the number of foreclosed homes that sold is 79, number of foreclosed homes still pending is 58, and the number of foreclosed homes still Active is 61. The average Days on Market for foreclosed homes sold was 66 days, and average DOM for pending foreclosed homes was 58, and finally, the average DOM for those foreclosed homes that are still active is 86 days. Bank Foreclosures

Many home buyers are looking for a great bargain when they buy a foreclosed home, and if they find a nice deal on one of these foreclosed homes, they still may need to make some cosmetic or desirable repairs to bring it up to their own standards. One resource solution to assist these buyers with making those needed and desirable repairs in the FHA 203(k), or FHA 203 streamline loan. For more information on that FHA 203 streamline loan, check out my previous post about “Resources for Buying those Ugly Houses”. Then contact your local San Antonio Real Estate agentto assist you with purchasing any of those foreclosed homes still on the market in San Antonio’s Northwest Communities.

Many of our northwest home owners will be jumping for joy, as the number of foreclosed homes still available starts to decrease in San Antonio. San Antonio fared better than most cities during the real estate crises, and is certainly on the road for recovery in the local real estate market. So why not visit my website at San Antonio Real Estate, for more information on homes available in the city’s Northwest area.

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Lisa Dunham

Alexandria, VA

Associate Broker, Alexandria Virginia Real Estate

Jerry, nice report! Looks like things are looking up for homeowners in San Antonio. It's nice to see the marketing starting to stabilize a bit. Wishing you continued success in the San Antonio market!

Jul 28, 2011 01:35 PM

Kathy Clulow

Uxbridge, ON

Trusted For Experience - Respected For Results

Jerry - great to see that some good news is in the winds for homeowners in San Antonio ..... recovery is on it's way.

Thanks For Helping To Make It A Great Day!

Jul 28, 2011 03:35 PM

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

Thanks, Lisa. Things are looking GREAT for Northwest San Antonio, TX and those home owners, who need to sell too.

Jul 28, 2011 03:52 PM

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

Thanks, Kathy. I want to give our local residents something to "Shout About". I know Recovery in on the Way.

Enjoy your Evening!

Jul 28, 2011 03:54 PM

C. Lloyd McKenzie

Living Albuquerque - Albuquerque, NM

Living Albuquerque

Good Evening Jerry,
Great information on foreclosed homes. You do a great service for the residents of SA

Jul 28, 2011 04:58 PM

Joanne Louise Stevens

Keller Williams Realty Los Angeles-Brentwood - Los Angeles, CA

Realtor - Serving Brentwood and Surrounding Cities

Hello Jerry:

That's great news for that market! People are looking for a good deal. Some of those bank owned homes are in good shape. Keep on selling!

Jul 28, 2011 06:47 PM

Doug Bullwinkel

E Mortgage Capital, Inc. NMLS 1416824 - Roseville, CA

Mortgage Loan Officer NMLS #281609

Good news Jerry. We need lots more of this in lots of other areas. Let the recovery begin. Thanks for the post.

Jul 28, 2011 06:54 PM

Marco Giancola

Beachfront Realty - Miami Beach, FL

Realtor (305)608-1922, Miami Beach Florida

Good morning Jerry-getting those foreclosures sold and off the market fast will certainly help your area and it sounds like it is happening-fast!

Jul 29, 2011 12:52 AM

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

Thanks, C. Lloyd. I will glad to help anyone looking to buy a foreclosure in this market area.

Jul 29, 2011 01:57 AM

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

Yes, Thanks Joanne. Some of them just need a few cosmetic repairs. FHA 203 streamline with help buyers too.

Jul 29, 2011 01:59 AM

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

I agree with you Doug. We need Recovery like this all over the country. Let's Shout Out the Good News!

Jul 29, 2011 02:02 AM

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

Thanks, Marco. I would love to get more of these foreclosures sold and off the market here in San Antonio.

Jul 29, 2011 02:04 AM

Yolanda Cordova-Gilbert

Richmond, TX

Jerry,

I think that San Antonio is one of the strongest markets in the country and with the foreclosures selling..normal sales will begin recurring hopefully the rest of the country will follow suit.

Jul 29, 2011 06:15 AM

Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986.

eXp Realty, Victoria BC www.pfanntastic.com - Victoria, BC

Talk To or Text Peter 250-213-9490

Hi Jerry,

Ride That Wave, such great news to see that your San Antonio real estate recovery is well on its way.....

when properties are selling rather than sitting, we know that confidence is returning and your report is solid confirmation about that....good for you for sharing it with your community and all of us.

Jul 29, 2011 06:40 AM

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

Yes, Yolanda. San Antonio is one of the strongest markets in the country, and with the decrease in foreclosures, we can only get better. Yes, the rest of the country needs to follow our lead.

Jul 29, 2011 07:29 AM

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

Thanks Peter and Linda. The number of foreclosures has drastically decreased over the last few months, and many home owners will be glad they won't have to continue to compete with these foreclosures.

Jul 29, 2011 07:31 AM

Al Raymondi

Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL

Ormond By The Sea Florida - Home and Condo Sales

Great news for that market Jerry, clear out all those foreclosures to get going on the real recovery.

Jul 29, 2011 07:56 AM

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

Yes, Al. Clearing out many of these foreclosures will open up the way to a real recovery. I know many home owners will be happy about this.

Jul 30, 2011 03:13 AM

Virginia Hepp - Mesquite NV REALTOR

Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV

Mesquite NV Homes and Neighborhoods - Search MLS

Jerry - it is good that the foreclosures are moving - that in itself is a sign of the real estate recovery. Your DOM stats are low, for all kinds, I think that is a very good sign, as well. Anything under 90 days is sure a lot better than 2 years ago, right?

Jul 31, 2011 12:15 PM

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

Yes, Virginia. Our days on market has really improved, and you are right. 90 days is a whole lot better than two years. I am just glad to see these foreclosures move in our communities.

Jul 31, 2011 02:24 PM