San Antonio - The Rim Real Estate Market - View San Antonio - The Rim Real Estate Market Trends in Texas

Spring 2012 Market Update If you can qualify, now is an exceptional time to buy a home in San Antonio - The Rim. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 210-204-6284. Please feel free to e-mail us or call us for professional Buyer Representation services before purchasing your next home.
Average Home Price	$300,000 - View Graph Trend

Average Price Compared to Last Year	Up 0-5%

Average Time on Market	90-120 days

Best Selling Price Range	$150,000 - $199,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Increasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in San Antonio - The Rim is	Increasing

Seller Activity for the past 90 days in San Antonio - The Rim is?	No Change

Multiple Offers?	No

Multiple Offers Commentary	On average homes are not getting multiple offers due to the higher price range, but when well priced homes come on to the market they do occasionally appear.

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 qualified buyers interested in real estate near the RIM area. Feel free to contact us as we will be glad to refer you to one of our preferred loan companies.

Housing Inventory	Good supply - Some Prices

Inventory Comments	The RIM area is composed of homes with an above average median price range and for that reason on average Days on Market are a little higher than less expensive homes in the San Antonio area. However; the RIM is a very desireable area and homes are still selling when priced correctly and conditioned well. There are several new home builders in the area which add to the level of competition.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Job Growth

Nearest Metro Area	San Antonio

Housing Hot Spots	Many of the newer subdivisions off of Boerne Stage Road are considered housing hotspots. Anaqua Springs and Anaqua Springs Ranch are beautiful communities for those interested in homes in the $700,000+ price range. The Anaqua areas are a newer alternative to older areas such as the Dominion. The communities off Boerne Stage Rd have something for every pricerange starting around $200,000 and going up as you drive further west down the road.

Average Sold Price	$300,000 - View Graph Trend

San Antonio - The Rim Local News

Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

Click here for full article...

Contact Information