San Antonio Real Estate Market Report June 2008
July 25, 2008
June 2008 MLS Report |
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| Sales | Sales Year Ago | % Change Year Ago |
| 2,043 | 2,355 | -13% |
| Average Price | Avg Price Year Ago | % Change Year Ago |
| $197,903 | $195,888 | 1% |
| Median Price | Med Price Year Ago | % Change Year Ago |
| $160,600 | $159,700 | 1% |
| Price Per Sq Ft | Price Per Sq Ft Year Ago | % Change Year Ago |
| $91 | $84 | 8% |
| Days On Market (DOM) | DOM Year Ago | % Change Year Ago |
| 82 | 68 | 21% |
7 Things Every Home Buyer Should Know
July 24, 2008
1. 6 months ago is ancient history. What your neighbor sold his house for 6 months ago doesn’t matter. What the seller was asking for the house 6 months ago doesn’t matter. What matters is what the market will support today.
2. Don’t worry so much about what you paid for your house. Instead, look at the difference between what you can expect to sell your house for and what it’s going to cost you to buy the new one that you want. I expect you’ll find that those are much more important numbers (unless you end up without any equity in which case you don’t sell).
Texas Ranked Top Economy In Nation by CNBC
July 19, 2008
Texas is America’s Top State for Business according to the results of a CNBC study that scored each state on 40 different measures of competitiveness. Gov. Perry joined CNBC’s “Closing Bell with Maria Bartiromo” in Washington, D.C. this afternoon for the announcement.
“We live in a world that moves faster than at any time in history,” Gov. Perry said. “Knowledge and capital are rapidly being deployed to parts of the world where the right combination of talent, technology, business climate, infrastructure and markets converge. I believe Texas is that place, now more than ever.”
Which San Antonio Neighborhoods Have The Highest Home Price Appreciation
July 18, 2008
In real estate, all cities have certain hot neighborhoods. These are the communities where homes sell faster and for more money.
In San Antonio, those jewel hoods historically have included Alamo Heights, Monte Vista, King William and Castle Hills.
But new rankings of price appreciation show that some of the old kings have been deposed. So far this year, Stone Oak, the Dominion, Colonies North, Olympia and Olmos Park experienced the highest price appreciation from Jan. 1 to June 24, compared to the same period last year, according to the San Antonio Board of Realtors.
San Antonio Is The Third Fastest-Growing City In America
July 17, 2008
New Orleans, hard-hit by Hurricane Katrina in 2005, was the fastest-growing large city in the nation between July 1, 2006, and July 1, 2007. This follows the city having the largest rate of population loss since 2000.
Houston, another city near the Gulf Coast, led the nation’s cities in numerical increase during the period. New Orleans had the fifth largest numerical growth.
U.S. Census Bureau estimates released today show New Orleans’ population rose by 13.8 percent to 239,124 during the one-year period, to lead all cities with populations of 100,000 or more in rate of increase. New Orleans was followed by Victorville, Calif., whose population climbed 9.5 percent to 107,221. Victorville, in Southern California’s San Bernardino County, saw its population pass the 100,000 mark for the first time in 2007.
HomeVestors Names Top 10 Cities for Real Estate Investing for Second Quarter of 2008
July 16, 2008
HomeVestors® of America, Inc., the company famous for its “We Buy Ugly Houses”® billboards and America’s #1 Home Buyer, has named the top 10 markets for real estate investing in the second quarter of 2008. They are as follows:
1. Dallas, Texas
2. Houston, Texas
3. Atlanta, Georgia
4. Denver, Colorado
5. Fort Worth, Texas
6. San Antonio, Texas
7. Charlotte, South Carolina
8. St. Louis, Missouri
9. Milwaukee, Wisconsin
10. Chicago, Illinois; Kansas City, Kansas (two cities tied for tenth place)
Forbes Best Cities To Buy A Home
July 15, 2008
Below Forbes explains the process of how they ranked the best cities to buy a home.
We examined the country’s 40 largest metropolitan areas and looked at cities where home prices have appreciated over the last two years. We also measured tightening vacancy rates. These metrics indicate places where buyers are investing in homes in order to live, not just make a quick buck, and where the housing market is relatively solid. We culled our vacancy and home price information from the U.S. Census Bureau and the National Association of Realtors.
FieldStone Homes Amber Creek Now Open For Sales
July 14, 2008
FieldStone Homes announced it has officially opened the Amber Creek community. The new housing development is the 11th FieldStone community in the San Antonio, Cibolo and New Braunfels area.
“We get very high marks from our customers on their new homes and we’ve won some industry quality awards as well,” FieldStone CEO Fred Wyborski stated. “So we know we’ve put together a very good homebuilding formula that people appreciate and like.”
New Slate Creek Townhomes at Westover Hills
July 8, 2008
People are busy and want homes that have the look of luxury, yet are convenient and easy to maintain. Homebuyers can now relax at the end of a busy day in a peaceful setting just 15 minutes from downtown San Antonio, in the brand new gated community of Slate Creek at Westover Hills by Birkel Residential Group.
“We offer San Antonio homebuyers the option of affordable luxury and resort-style living in a convenient, low maintenance lifestyle for everyone from the young professional to the empty nester,” said Paul R. Milosevich, president of Birkel Residential Group. “We are proud to offer San Antonio homebuyers an alternative luxury housing option in a convenient location.”
Texas Cities Continue To Show Home Price Appreciation
July 5, 2008
First American CoreLogic, family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the release of its April 2008 LoanPerformance Home Price Index (HPI).
The LoanPerformance HPI provides a comprehensive set of monthly home price indices and median sales prices covering 7,529 ZIP codes, 958 Core Based Statistical Areas (CBSA) and 672 counties located in all 50 states and the District of Columbia. The indices, which are the most comprehensive available in the industry, are reported to clients five weeks after each full month ends.
