2013 Texas Condo Market is HOT!!

By
Real Estate Agent with Brown Realty, 210-789-4216,www.JeremiahNewman.com TREC #0492321
https://activerain.com/droplet/47BP

Texas single-family home sales have been steadily increasing all year, but the Texas Condo Market has been just as Hot, according to the 2013 Texas Condominium Sales Report.  Texas Association of REALTORS® released a report recently showing double-digit growth in condo and townhome sales in Texas’s four major markets for Dallas, Houston, Austin, and San Antonio.

According to this report, Dallas, Houston, Austin, and San Antonio experienced an average of 26 percent jump in condo sales between January and September 2013. Individually, Dallas showed an increase of 38 percent, followed by Houston with 25 percent, Austin at 24 percent, and San Antonio coming in at 18 percent.

Trends during this time period mirrored those of single family home sales across Texas, with double-digit decreases in Active Listings, and days on the market, but moderate increases in median and average price.

Rockin J Ranch Condos For Sale

 

The following are the 2013 Texas Condo Sales Statistics, January through September for San Antonio, TX only.

* Total Condos Sold - 469- an 18 percent increased compared to last year.

* Median Price for Condos - $98,900- a six percent increase from 2012.

* Average Sales Price for Condos - $159,776 - a 11 percent increase from 2012.

* Average price per square foot for Condos - $126 - 15 percent more from 2012.

* Average Days on the market for Condos - 113 -  23 percent fewer than last year.

* Total New Condo Listings on the market - 776 - three percent fewer than 2012.

* Average Active Condo Listings on the market - 379 - 22 percent fewer than 2012.

* Total Pending Condo Sales - 415 - 11 percent increase compared to 2012.

For a Full Report of all the major markets see 2013 Texas Condominium Sales Report.

“Inventory for both single family homes and condos are still at an all-time low for Texas”, stated Jim Gaines, Ph.D., economist with the Real Estate Center at Texas A&M University,  “but the development of new condos and townhomes has lagged behind that of single-family homes through the housing recovery. As a result, we’re at least a year or two away from delivering the condos that are currently needed in Texas’s metro areas.”

Consequently, if you are in the market for a condominium or townhome, call Jerry Today at 210-789-4216, while supplies still last, or visit my website for Condos For Sale in San Antonio.

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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Jane. We do have many in the $150K price range. Condos are becoming more popular, especially near downtown San Antonio.

Dec 03, 2013 10:58 AM #13
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Noah. I am working on some deals for Christmas. I am ready for more Condo Sales.

Dec 03, 2013 10:59 AM #14
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Scott. We are looking to finish out the year strong, and I know 2014 will be even stronger. Have a Great Week!

Dec 03, 2013 11:01 AM #15
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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, David! Wishing you all the BEST in your Business.

Dec 03, 2013 11:02 AM #16
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Kathleen. I am presently working with some First Timers, and many of them love purchases condos, especially the young professionals.

Dec 03, 2013 11:03 AM #17
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Barbara. I will take all the business I can get these days. Glad to hear your market is just as HOT, of course Dallas area was at the top of the list for Best Markets in Texas.

Dec 03, 2013 11:05 AM #18
Rainmaker
1,053,096
Fred Carver Personal Real Estate Corporation
RE/MAX Camosun Victoria BC Real Estate - Victoria, BC
Accredited Real Estate Consultant

Hi Jerry...Nice to see your Condo Market Improving over the Previous Year, lower inventory certainly helps stabilize prices and increase sales with fewer choices. I trust most of the Sales where yours :O)

Cheers, have a fun and Successful day!

Dec 04, 2013 10:25 PM #19
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Fred, Yes, our condo market was great last year. I am beginning to get more sales in that area too.  I trust all is well with you. Have a Great Day!

Dec 05, 2013 01:00 AM #20
Rainmaker
1,045,088
Gloria Todor
Century 21 Absolute Realty - Springfield, PA
& Doug Durren (484) 431-3686 in SE PA

Hi Jerry, That is great to hear your condo market is improving!  Please send some of that our way!  

All the best.

Gloria

Dec 05, 2013 06:41 AM #21
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Jerry, isn't it great to be able to say that the market is hot again???

Dec 06, 2013 03:48 AM #22
Rainer
397,255
Cathy Criado
Criado Realty - San Antonio, TX
Making Real Estate Profitable

Hey Jerry -  you're telling me!  I think part of is that the Gen X & Y as well as folks like me, soon to be empty nesters, are looking to spend less time maintaining a house, and want to be closer to fun things to do.  Thanks for sharing!

Dec 08, 2013 11:58 PM #23
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Gloria, I would love to send you some of our Condo market. Have a Great Week!

Dec 09, 2013 10:41 AM #24
Ambassador
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Indeed, Connie. It's Nice and Hot in Texas. The Market of course, since we are not in the low 30's for the weather.

Dec 09, 2013 10:43 AM #25
Ambassador
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Cathy. I have no doubt that it's the younger crowd that are going after these condos these days. Of course, some Baby Boomers are also downsizing, and they love condos too.

Dec 09, 2013 10:45 AM #26
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Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Jerry  It takes an experienced realtor to write a market report that is concise, yet informative - your shines through.  Speaking of experience, I just put up a post about my 37 year relationship with my very first client

Dec 11, 2013 12:21 AM #27
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

WOW, Karen. That's very impressive about your 37 year relationship with your first client. I will have to go a check it out today. Have a nice Weekend!

Dec 13, 2013 10:30 PM #28
Rainmaker
526,758
Lisa Friedman
Great American Dream Realty - Essex, VT
30 Years of Real Estate Experience!

Jerry, it is nice to know that even though the weather is cooling down that the Texas condo market is HOT!

Dec 14, 2013 10:36 AM #29
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Lisa. I am excited that next year will be just as HOT as 2013. Have a Blessed Week!

Dec 15, 2013 06:34 AM #30
Rainmaker
1,505,323
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Jerry,

very clean and informative market report.

Same her in California, real estate market is not slowing down, condos are sold faster since they are more affordable than houses.

 

Dec 22, 2013 05:16 PM #31
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Inna. That's great to know that your Condo Market in California is doing quite well. I imagine the Condos may be more popular for many buyers in your area.

Dec 23, 2013 06:46 AM #32
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