| Market Commentary Provided by Brayson Verzella If you can qualify, now is an exceptional time to buy a home in San Antonio West. 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 call us or e-mail us for free Buyer Representation assistance before purchasing your next home. |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL
Brayson Verzella
Keller Williams Realty Heritage San Antonio, Texas 210-204-6284 BraysonV@kw.com Agent Home Page |
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| 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 | Homes in the San Antonio west area are selling when priced correctly and conditioned well. Overpricing has been the downfall of what might have otherwise been a successful sale. | ||||
| Average Home Price | $150,000 - View Graph Trend | ||||
| Best Selling Price Range | $100,000 - $149,000 | ||||
| Worst Selling Price Range | $1,000,000+ | ||||
| Compared to Last Year | Up 0-5% | ||||
| Prices As % of Asking Price | 95-100% | ||||
| Multiple Offers? | Yes | ||||
| Multiple Offers Commentary | Due to affordability and homes which could be considered good deals coming on to the market multiple offers are popping up occasionally. | ||||
| Greatest Activity | First Time Buyers | ||||
| Buyer Activity for the past 90 days in San Antonio West is | Increasing | ||||
| Seller Activity for the past 90 days in San Antonio West is | Increasing | ||||
| Is Financing Available For Qualified Buyers in San Antonio West? | Yes | ||||
| Comments on Financing For Qualified Buyers | Financing is available for qualified buyers interested in the San Antonio West area. Please feel free to call us as we will be happy to refer you to one of our experienced preferred mortgage partners. | ||||
| 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 | Much of the area off of Potranco road is considered a San Antonio West Housing hotspot. There are nice affordable communities inside and outside Loop 1604. We also have another HouseHunt website dedicated to Alamo Ranch which is quickly becoming one of the most desireable places in the western San Antonio area. | ||||
| Reason to Buy/Sell | Population 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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