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Spring 2012 Market Update
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.
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| Average Home Price | $150,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $100,000 - $149,000 |
| 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 West is | Increasing |
| Seller Activity for the past 90 days in San Antonio West is? | Increasing |
| 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. |
| 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 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. |
| 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. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | San Antonio |
| 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. |
| Average Sold Price | $150,000 - View Graph Trend |
San Antonio West 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...
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
Brayson Verzella
210-204-6284
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Brayson Verzella
Keller Williams Realty Heritage
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 210-204-6284
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