Category Archives: Market Report

New Home Construction at Herff Ranch in Boerne

If you are looking for inventory homes that are ready to move in, KB at Herff  Ranch has 5 homes ready to go.

Discounts

104 SIDEWINDER A-2183-3 — 3/2.5 2-STORY           $272,747             $19,000                $260,747 DECEMBER                 Upgrades $40,885

112 ROCKY PATH A-1996-C — 3/2 1-STORY               $320,368             $10,000                 $310,368 JANUARY                   upgrades $53,373

157 DESERT FLOWER F-2239-E — 3/2.5 2-STORY    $249,102            $11,000                  $238,102 JANUARY                    Upgrades $26,307

121 Sandy Shoal        F-2239-E —3/2.5  2-Story       $256,795            $8,000                   $248,795 January                         Upgrades$30,300

Contact us for a showing.

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Fall Buying Season Kicks Off Strong

San Antonio Board of Realtors: October Market Report

San Antonio’s fall buying season kicked off strong in September with a total of 2,280 homes sold during the month – a 14 percent increase from last year, according to the September 2014 Multiple Listing Service report by the San Antonio Board of REALTORS® showed increases as they have all year, with the average rising to $220,366 and the median to $184,700, a seven and nine percent increase respectively. The month ended with 1,757 pending sales.

“This year’s days on market have been some of our lowest in years. September reported just 63 days which is six fewer than September of 2013,” said Missy Stagers, SABOR’s 2014 Chairman of the Board. “Months of inventory was only 4.3 months which continues the trend we’ve seen for nearly two years in which inventory has remained below six months.”

During September, homes priced over $500,000 accounted for nearly a percentage more of total sales than they did in 2013 with those homes making up 4.4 percent of the month’s numbers. Homes priced between $200,000 and $500,000 accounted for 39.4 percent of sales (5.4 percent more than last year) and homes under $200,000 made up the majority of sales with 56.1 percent (six percent less than 2013).

According to Fannie Mae’s September 2014 National Housing Survey, the share of consumers who say now is a good time to purchase a home rose to 68 percent in September, a four percentage point increase from August.  The percentage of those who reported now is a good time to sell grew to 39 percent.

In San Antonio, this is evident in the increase in homes sold in 2014 compared to 2013, with a total of 18,840 homes sold so far this year. That is a four percent increase from the same period in 2013.

“All year we have seen increases over the previous year in terms of prices and total sales, and September is no different,” said Angela Shields, SABOR’s President and CEO. “While the spring often brings out shoppers who may just be looking, we expect to see more serious buyers in the fall.”

-SABOR

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September Market Report, San Antonio Board of REALTORS

August’s days on market plummeted to just 60 days, a 14 percent decrease from August of last year according to the August2014 Multiple Listing Service report by the San Antonio Board of REALTORS (SABOR). Months of inventory also stayed low with just 4.5 months.

“As we transition to the fall, many homes continue to move quickly due to the market’s strength and stable inventory,” said Missy Stagers, SABOR’s 2014 Chairman of the Board. “In fact, our months of inventory is well below the national supply of 5.5 months.”

San Antonio’s average price reached $222,993, a six percent increase from last year, and the median rose to $183,300, a five percent increase from August 2013. The month ended with 1,964 pending sales.

Of the 2,468 homes sold in August, 4.5 percent were priced over $500,000, with 0.5 percent of the total homes sold priced over $1 million. Homes priced between $200,000 and $500,000 accounted for 38.7 percent of sales and homes under $200,000 made up the majority of sales with 56.9 percent.

According to the 2014 Texas International Homebuyers Report released by the Texas Association of REALTORS® earlier this month, Texas ranked as the third largest state in the U.S. for international home sales with $11.06 billion in sales from international buyers between March 2013 and March 2014. In fact, San Antonio was one of the five top searched for cities by Mexican homebuyers on Realtor.com.

“Our economy continues to remain healthy, causing international buyers to see Texas, and San Antonio in particular, as a desirable location to relocate or buy a vacation home,” said Angela Shields, SABOR’s President and CEO. “With the medical and military facilities in San Antonio, job growth continues to soar and drive a steady housing market.

-SABOR

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July Home Prices Show Summer Home Buying Season Winding Down

San Antonio Board of REALTORS: August Market Report

After six consecutive months of increasing prices, July 2014 showed a slight decrease in the average home sales price, reporting $229,253 according to the July 2014 Multiple Listing Service report by the San Antonio Board of REALTORS (SABOR). This is still a six percent increase from July 2013, however.

“We have had a hot summer buying season this year, but as kids get ready to head back to school, we will start to see the market level off and return to a steadier pace,” said Missy Stagers, SABOR’s 2014 Chairman of the Board. “July’s median price of a home was $187,500 which was also a slight dip after six months of increases but still a four percent increase from last July’s price.”

San Antonio’s days on market hit a new low of 64 days, eight fewer than July 2013 and the lowest it has been all year. Months of inventory remains steady at 4.6 months and the month closed with a total of 2,557 homes sold and another 2,338 still pending.

According to the National Association of REALTORS, the median home price nationwide for the second quarter of 2014 was $212,400, up 4.4 percent from the same period in 2013. Total existing-home sales, including single-family and condo, increased 5.8 percent to a seasonally adjusted annual rate of 4.87 million in the second quarter.

“These national prices remind us how affordable San Antonio is, with our prices falling considerably lower than the national statistics,” said Angela Shields, SABOR’s President and CEO. “2014 has seen tremendous growth in the housing market with both buyers and sellers motivated by low interest rates and job growth.”

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And we’re back!

Low Days on Market and Reduced Inventory Point to Healthy Housing Market

In San Antonio, single family residential homes spent a mere 99 days on market in February, 2013, down four percent from this time last year, according to Multiple Listing Service report by the San Antonio Board of REALTORS (SABOR).  Home sales were up eight percent with 1,379 sold in February and 96.3% of those sold for list price.

 

“Low days on market indicate consumers are finding homes more quickly and we are tilting more towards a seller’s market,” said Steven Gragg, 2013 SABOR Chairman of the Board.

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