As the saying goes, "there's GOOD news and there's BAD news". Let's get the "BAD" news out of the way first: The San Antonio market has started to reflect some of the national trends. Hold it! Not ALL of the national trends, and not NEARLY as "BAD".
2008 Sales were 17,137 homes, vs 2009 sales of 16,887, a DECREASE of 1.5% (not bad)
The Average Sales price for 2008 was $183,989; for 2009 it was $177,710 DOWN 3.5%
Average Days on the Market went UP 23% to 131We have to add that in the neighborhoods we list and sell in, the stats are better than average.
Compared to the "doom and gloom" numbers from much of the rest of the country, these San Antonio stats are not terrible! These are Market-Wide numbers- for the areas that we list and sell in the stats are not as BAD!
2010 appears to be off to a good start, but the buyers are being 'picky'- looking for move-in ready homes priced "right". Our experience with buyers has been that they THINK they want a bank-owned or short-sale property, but when they learn that there are VERY FEW they would actually LIVE in and that the process can take MONTHS, they move on to nice homes at fair prices. -Steve
Sara Woolford & Steve Golson in friendly San Antonio, Texas
If you are planning to Buy or Sell a home or land in San Antonio or the Texas Hill Country, we'd be happy to get you moved on with your life! You can go to our blog, website, Facebook page or just, call to Chat: 210-492-6683
www.iTexasRealty.com info@iTexasRealty.com
Buyers out here also seem to "THINK they want a bank-owned or short-sale property, but when they learn that there are VERY FEW they would actually LIVE in and that the process can take MONTHS, they move on to nice homes at fair prices." Investors, however, are a different story.