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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Randolph AFB. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 210-204-6284
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| Average Home Price | $175,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $350,000 - $399,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Randolph AFB is | Increasing |
| Seller Activity for the past 90 days in Randolph AFB is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | As mentioned well priced homes which are well maintained in close proximity to Randolph Air Force Base are receiving multiple offers especially when thay have unique and desireable qualities. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Financing is available for all qualified buyers interested in purchasing a home in the Randolph Air Force Base areas. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Due to the nature of a military installation there are always homes going up for sale and homes being purchased. With the desireability of some of the subdivisions and communities in the area average days on market is often lower than the San Antonio average. Compared to two or three years ago inventory is up, but multiple offers on well priced and well conditioned homes is still normal. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | San Antonio |
| Housing Hot Spots | Some of the communities near Randolph AFB that would be considered Housing Hotspots are Schertz, Selma, Cibolo and for those in the higher price ranges Garden Ridge. Universal City and Live Oak also offer more affordable housing in the $100's. |
| Average Sold Price | $175,000 - View Graph Trend |
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Teri Lucas
Aterj Realty
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