How's the market in San Antonio, Texas? Let's look at the numbers

By
Real Estate Broker/Owner with Robin Rogers, Silverbridge Realty, San Antonio, Texas 398351

 

Just sold: Woodlands of Camino Real home in San Antonio, Texas 78216Homes in the San Antonio metro area increased their sales in both numbers and price last month from one year ago. There was a huge 24% increase in sales from January 2012, according to the San Antonio Board of REALTORS, with 1,249 homes selling during the month. The average and median sales prices also went up. Interest rates continued to stay at record low levels, which most likely helped spur loan applications and home sales. A gradually falling unemployment rate (5.7% in December) didn’t hurt either.

The average sales price for a single-family home in January rose to $183,846, a gain of 4%. The median sales price (half of homes sold for more, half for less) went up by 3% to $149,000. Last January the average sales price was $177,381 and the median price was $144,200.

Residential sales divided into price bands indicated that 70% of the homes sold for under $199,000. Nearly 27% of the sales were in the range from $200,000 to $499,000, and nearly 3% were for $500,000 or more.

The number of foreclosure postings for Bexar County dropped by 35% and 34%, respectively, for January and February, and are back to 2006 levels, with 724 foreclosures projected for March.

Residential inventory, including single-family homes, townhomes, and condominiums, now stands at 5.2 months supply and indicates a solid shift to a seller’s market.

Posted by

 

Robin Rogers, REALTOR, Broker-owner, TRC, MRP, CRS

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Comments (4)

Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

Hi Robin,  Glad to see you back and this is great news for our area. We need listings too! :)

Feb 20, 2013 10:00 PM
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Robin. It is certainly a seller's market, since I recently got multiple offers on a new listing.

Feb 25, 2013 01:29 PM
Robin Rogers
Robin Rogers, Silverbridge Realty, San Antonio, Texas - San Antonio, TX
CRS, TRC, MRP - Real Estate Investment Adviser

Good for you, Jerry! I had an accepted offer on my newest listing within a week. Now I just need some more listings!

Feb 25, 2013 09:52 PM
Stephanie Stringer
First Choice Loan Services NMLS#210764 - San Antonio, TX
Mortgage Loan Originator

Robin, Yes, I can see a big difference in the amount of my business from last year first quarter to this year's first quareter.  Business is great and blessed to be in San Antonio.

Feb 27, 2013 02:27 AM