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Market Trends
Commentary Provided byTop Agent If you can qualify, now is an exceptional time to buy a home in Lackland AFB. Low rates with falling home prices makes a home purchase a great value! Call for a free consultation at 210-204-6284 |
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| Report Date | Winter 2010 | ||
| Nearest Metro Area | San Antonio | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Inventory Comments | Inventory is up in the Lackland Air Force Base area as well as some of the communities near lackland where buyers have been making purchases. There is so much new growth in the cities northwest side that new homes and preowned homes are available and many sellers are willing to sell homes for a lower than listed price. | ||
| Average Home Price | $150,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $250,000 - $299,000 | ||
| Compared to Last Year | Down 0-5% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | Yes | ||
| Multiple Offers Commentary | Individuals stationed at Lackland have such a wide array of choices for where they might want to purchase a home. There are areas which are receiving multiple offers, but as for the immediate area south of highway 90 multiple offers are uncommon. Multiple offers are more prevelant in areas north of HWY 90 and closer to 1604 and 151 which although not in the immediate Lackland area is where many people stationed at Lackland Air Force Base ultimately decide to purchase a home as well as the Alamo Ranch area for those looking in the $200+ price range on average. | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Lackland AFB is | Increasing | ||
| Seller Activity for the past 90 days in Lackland AFB is | No Change | ||
| Is Financing Available For Qualified Buyers in Lackland AFB? | Yes | ||
| Comments on Financing For Qualified Buyers | Financing is still available for qualified buyers interested in homes around the Lackland area. Please feel free to call us if your interested in apeaking to one of our preferred lenders. | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% | ||
| Housing Hot Spots | Housing Hotspots near the Lackland area are Westover Hills and Alamo Ranch. If you are willing to have a longer commute Stillwater Ranch is another consideration as well as Dancing Bear Ranch and even the Helotes area. There are also many new subdivisions along 1604 and Potranco. | ||
| Reason to Buy/Sell | Job Growth | ||
| Average Sold Price | $150,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Lackland AFB Local News
News for Lackland AFB, TX - Thursday July 9th, 2009 8:34am
With the relocation of many Civil Service members as well as active duty Air Force members the Lackland area continues to be an area researched for home purchases. In the near immediate vicinity there are a few new home communities where a brand new home can be bought with a 10 minute commute to Lackland as well as many older communities. However; many Lackland service members choose to find a home that is a little further away off of HWY 1604 or HWY 151. Some of the most popular areas chosen would be subdivisions immediately off of 1604 and Potranco and the Westover Hills or Alamo Ranch areas. Please feel free to contact us if you would like free buyer assistance in finding and purchasing your next home as we'll be glad to fill an any blanks regarding the home buying process.
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