Market Report for Greater San Antonio March 2014

By
Real Estate Agent with Brown Realty, 210-789-4216,www.JeremiahNewman.com TREC #0492321
https://activerain.com/droplet/4ds5

The Market Report for Greater San Antonio March 2014 shows that February 2014 had a significant increase over January 2014 with a median homes sales price of $157,000, which was a 3.6 percent increase for existing single family homes on the market.  

 

According to the San Antonio Board of REALTORS®, existing family home sales in February 2014 increased by 1.3 percent over January 2014 with an amazing 1,197 homes sold. But the Condo decreased in median sales price down to $87,500, which was a 19 percent drop compared to January 2014. However, the existing condo sales for number of units did increase by 18.9 percent for February with a total of 44 units sold.

 

                                              Single Family Median Home Price
                                      Feb-13 vs Feb-14

 

Prices for Single Family Homes

 

The Condo Communities that are sold for less than $100,000 are normally sold to First Time Home Buyers. However, many of these Condo Subdivisions can only offer terms for “Cash, Conventional, or Seller Financing”, since many of them are not meeting the required standards to go FHA. The government has tightened up their requirements, and buyers need to be prepared to purchase a condo unit by other means than going for the FHA loans. Many of these Condo Communities have high investor ownership. Eric Boucher recently wrote, “How to Avoid High Investor Concentrations in Condominiums”, which offers some suggestions for many of these communities, who are wanting to attract the FHA buyers.

 

Existing single family homes, and new home constructions sales are booming in San Antonio, and this Spring is an excellent time to purchase before the summer rush starts. Call Jerry today at 210-789-4216, or visit my website at Homes For Sale in San Antonio, TX to do some preliminary searches, and let me know when you are ready to view some of these very nice homes in our communities.

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Texas Bexar County San Antonio
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Military Relocations
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Tags:
san antonio market report
marlet reports march 2014
condo markets in san antonio
existing home sales in san antonio

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Rainmaker
1,044,215
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

super market report that you are sharing with the local buyers and sellers!

Mar 21, 2014 11:36 AM #1
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jerry, great market report for San Antonio, and looks like the real estate market has started out well for the year.  

Mar 22, 2014 12:42 AM #2
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Mark. Wishing you a Great Day in Palm Beaches!

Mar 22, 2014 01:54 AM #3
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Joan, I am excited! We are expecting a better year than last. Have a Nice Day!

Mar 22, 2014 01:55 AM #4
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Jerry, I hope the market will get better now that spring is here. I feel like there is a pent up buyer demand.

Mar 22, 2014 03:46 AM #5
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Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy and afternoon Jerry

Jerry my AR friend,  folks sure are going to appreciate you for such an outstanding and helpful Marker Report og the Greater San Antonio area. Folks sure do like to read easy to understand reports.

Happiness sure is Homemade
Have a good one
Dale in New Hampshire

Mar 22, 2014 07:03 AM #6
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Jerry great information in your report for buyers and sellers to consider.

Mar 22, 2014 03:46 PM #7
Rainmaker
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Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

Good Morning Jerry: We also have the same problem with condos here not meeting the FHA standards. Hence, the selection for the first-time buyers becomes limited. Great report. Thanks for sharing your expertise with us.

Mar 24, 2014 12:21 AM #8
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Debbie. Spring has produced a lot of activity lately. It should be a great quarter.

Mar 24, 2014 11:37 PM #9
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Dale, My Friend. I am hoping folks will find this information very useful for their selling or home buying desires.

Make it a Great Day!

Mar 24, 2014 11:39 PM #10
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Jennifer. We are still in a seller's market, but buyers can find some good deals out there too.

Mar 24, 2014 11:40 PM #11
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Maria, Some buyers are having to go Seller Finance to get into some condo units. Have a Great Day!

Mar 24, 2014 11:42 PM #12
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Nina Rogoff
RE/MAX Executive Realty - Medfield, MA
Sells Real Estate!

Great news for sellers in your market, Jerry! If sale prices and sales volume is increasing this is a great time for homeowners to list their homes for sale with you!

Mar 25, 2014 12:38 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, Nina. It is a great time for both buyers and sellers. It's Spring, and many are out shopping for homes.

Mar 25, 2014 12:56 AM #14
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