June 2015 - San Antonio
The San Antonio Board of REALTORS® (SABOR) has released the May real estate report stating that home sales in San Antonio totaled 2,574, a nine percent increase from the same month in 2014. The average number of days on market was at down to 59 days, 11 percent less than May 2014, and months of inventory increased to 3.9 months, the highest inventory figure all year. May’s average sales price was $246,772, a 10 percent increase from last May and a figure that has remained above $200,000 since February 2014. Meanwhile, the median sales price climbed above $200,000 for the first time with a price of $202,500.
San Antonio real estate Nov 2014
San Antonio housing market still going strong
The San Antonio housing market isn’t slowing down. Sales have registered double-digit gains despite rising prices last month, according to data compiled by the San Antonio Board of Realtors.
The October data indicates year-over-year, home sales climbed 16 percent — 1,863 homes sold in 2013 compared to 2,164 this year. They’ve climbed every month from the previous year since February 2012.
That’s despite the fact that inventory is tightening, helping boost prices.
The single-family home inventory dropped to 4.1 months’ worth of supply indicating the time it would take for all current inventory to sell at the current rate without new inventory entering the market. This places San Antonio in a sellers market now.
The availability of the supply of homes that sell for $125,000 and less has shrank considerably in recent years.“We’ve virtually lost 100 percent of the market under $125,000,” a builder said. “As for new homes, we only have less than probably 500 units that can be sold for under $125,000. And that used to be about 7,000 or 7,500.”
In the last six to eight years, there have been fewer lots to build homes at that price range based on the lack of supply and the rising cost of land, fees and materials.
The greater competitiveness in the market has led to a rise in the average median price. In October, the average grew 4 percent, from $169,400 in 2013 to $176,200 this year. Days on market also fell — dropping 11 percent to 62 days.
Sales are up 16 percent from a year ago.Among the current stock, more midrange-priced homes, $200,000 to $250,000, have been sold — amounting to 14.5 percent of all sales — than any other price range, according to SABOR numbers. Second on the list are homes ranging from $300,000 to $400,000, which made up 10.4 percent of sales.
2014 Real Estate Market
San Antonio June 2014
June 2014's average median sales prices continued to rise with both at record highs. Since last year the average price has increased by six percent to $232,839, the median price improved to five percent or $188,200. The sales volume or number of homes increased by six percent for a total of 2,474.The average days on the market was 65.Homes priced over $500,000 accounted for five percent of sales and those priced below $200,000 made up 54 percent of sales. Year-to-date 11,655 homes have been sold in San Antonio.
According to Forbes, San Antonio ranked number two among large cities that are growing in jobs in financial services. The study credited the growth to the city’s warm weather, affordable housing and no state income taxes.
San Antonio Home Sales
As of November 2013 San Antonio's housing inventory was 4.2 months, the lowest since December 2006. In November 21,607 homes have been sold, which is a 17 percent increase over 2012 and the highest year to date sold since 2007.
The 2013 year-to-date average and median prices have increased as well with the average price rising to $207,650 and the median to $170,200, a seven and six percent increase.. Average sales price of a single-family residential home in November 2013 was a 10 percent increase from the same month last year, at $214,677. The median price also increased, by six percent, to $172,100 and the total sales was three percent year-over-year increase to 1,634.The mid-range homes between $200,000 and $500,000 showed an increase from last year, accounting for 34.21 per cent of sales. Homes priced below $200,000 made up 61.14 percent of the total homes sold in November 2013. In the months of November 2011, November 2012, November 2013, total month sales were 1,269, 1,580, 1,634, average price $174,988, $194,877, $214,677,median price was $147,600, $162,700, and $172,100 for each of those years by comparison.
As of August 2013, the average price of a home stood at $209,672 — a seven percent increase from the from the average price of $195,693 posted last August.
The median price of a home in the greater San Antonio area was $174,500 — an eight percent increase from the median price of $161,400 as of August 2012.
A major factor in the median-price rise — an increase in the number of higher-end homes sold.
Homes priced over $500,000 have gradually edged close to or gone over four percent of total homes sold.
In August, homes priced over $500,000 accounted for 3.9 percent of units sold in the San Antonio MSA, SABOR reports. Homes priced from $200,000 to $500,000 accounted for 36.6 percent of sales. Homes priced below $200,000 accounted for 59.3 percent of home sales in greater San Antonio.
The pace at which homes here are selling has also increased significantly, according to the latest SABOR analysis. Homes spent an average of 69 days on the market in August. A total of 2,413 homes were sold over the 31 days ended August 31 — a 15 percent increase from the number of homes sold last August.
“San Antonio’s year-to-date sales have increased 19 percent compared to this time last year,” says Angela Shields, SABOR President and CEO. “Homes are selling for 97 percent of list price meaning sellers are getting the prices they want for their homes and buyers are eager to make the dream of home ownership a reality.”
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