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Spring 2013 Market Update
If you can qualify, now is an exceptional time to buy a home in San Antonio North Central. 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 | $200,000 - 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 | $850,000 - $899,000 |
| 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 San Antonio North Central is | Increasing |
| Seller Activity for the past 90 days in San Antonio North Central is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | There have been quite a few cases of sellers getting multiple offers in the area especially in the more affordable price ranges and as usual this often happens with homes which are priced at or significantly under value and which have unique characteristics. Homes which are not conditioned well and which are overpriced are still sitting on the market for longer than average amounts of time. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Financing is available for buyers who are qualified and we also have preferred lenders whom we introduce buyers to for assistance in prequalification for the purposes of obtaining a mortgage. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Homes in the San Antonio North Central area are plentiful, but on the same token homes which are conditioned well and priced well are still selling within 60 to 90 days. Location and proximity to jobs and education is a major factor of home sales prices and days on market in the San Antonio North Central area. As in most of the San Antonio area inventory is still high, but at the same time prices are in many cases compensating for the high supply making it an excellent opportunity to invest and or purchase a home. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in San Antonio North Central! San Antonio North Central is an excellent location for job seekers and for individuals looking to continue their education. The area is conveniently located to many of the restaraunts and shopping centers which locals enjoy. Most of the major institutions of higher learning are also a short commute away from the area. |
| Nearest Metro Area | San Antonio |
| Housing Hot Spots | Shavano Park is a very desired area which has homes from $300,000 to over $3,000,000. Castle Hills, Hollywood Park and the Hill Country Village area are also very popular areas of the North Central part of town where people decide to live and work. There are many different retail and commercial businesses as well as great places to eat. |
| Average Sold Price | $200,000 - View Graph Trend |
San Antonio North Central Local News
Home Prices are Definitely on the Rise!
If you think your local housing market is heating up, you're probably right. Just look at the results of the most recent HouseHunt Current Market Conditions national grass roots survey. After reading the results of our findings homeowners will have plenty of reasons to expect that their home values are on the path toward recovery and can confidently move forward with any plans to meet their housing needs.
HouseHunt's random survey of member-agents, conducted in the first quarter of 2013, found the following:
83% of the local markets surveyed reported home price increases over the last year with 29% of the markets reporting home price increases in excess of 10%. Only 10% of the markets reported negative appreciation and another 7% reported no change in home prices.
Home buyers are reporting good economic news, good price points and low interest rates as their motivation for buying a home today. Member agents are reporting that many sales are from repeat buyers and/or investors who are the primary purchasers of homes in 74% of the markets surveyed. First time buyers represent the primary purchasers in 26% of the markets surveyed.
Member agents are reporting that first time home buyers are having difficulty competing with investors and repeat buyers who generally have larger down payments or all cash purchases. Multiple offers are now typical in 87% of the markets surveyed compared to 66% one year ago.
Click here for full article....
If you think your local housing market is heating up, you're probably right. Just look at the results of the most recent HouseHunt Current Market Conditions national grass roots survey. After reading the results of our findings homeowners will have plenty of reasons to expect that their home values are on the path toward recovery and can confidently move forward with any plans to meet their housing needs.
HouseHunt's random survey of member-agents, conducted in the first quarter of 2013, found the following:
83% of the local markets surveyed reported home price increases over the last year with 29% of the markets reporting home price increases in excess of 10%. Only 10% of the markets reported negative appreciation and another 7% reported no change in home prices.
Home buyers are reporting good economic news, good price points and low interest rates as their motivation for buying a home today. Member agents are reporting that many sales are from repeat buyers and/or investors who are the primary purchasers of homes in 74% of the markets surveyed. First time buyers represent the primary purchasers in 26% of the markets surveyed.
Member agents are reporting that first time home buyers are having difficulty competing with investors and repeat buyers who generally have larger down payments or all cash purchases. Multiple offers are now typical in 87% of the markets surveyed compared to 66% one year ago.
Click here for full article....
Contact Information
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1-888-832-2244
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Mortgage Rates
– May 19th, 2013 –
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30 yr. fixed rate: 3.60%---------------------------------
15 yr. fixed rate: 2.74%
30 yr. jumbo rate: 3.95%
15 yr. jumbo rate: 3.37%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Top Agent
HouseHunt, Inc.
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 1-888-832-2244
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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