San Antonio - The Rim Real Estate Market Conditions & Reports, San Antonio

Market Commentary Provided by Brayson Verzella
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.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Brayson Verzella
Keller Williams Realty Heritage
San Antonio, Texas
210-204-6284
BraysonV@kw.com
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Nearest Metro Area

San Antonio

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 days

Market Trend

Increasing

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.

Average Home Price

$300,000 - View Graph Trend

Best Selling Price Range

$150,000 - $199,000

Worst Selling Price Range

$1,000,000+

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

95-100%

Multiple Offers?

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.

Greatest Activity

Repeat 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

Is Financing Available For Qualified Buyers in San Antonio - The Rim?

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.

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

5-10%

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.

Reason to Buy/Sell

Job Growth

Average Sold Price

$300,000 - 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.

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