Jan. 8, 2017

San Antonio Housing Trends: 2017 Forecast

Downtown San Antonio

For the community of San Antonio, 2016 was a year of growth and development. New residents are flocking to the city in droves, enamored by the possibility of jobs and a strong economy amidst a welcoming, family-friendly city. However, housing inventory is down at the same time that demand is high — which is driving up home prices. This is good news for home sellers, but intimidating news for those who are hoping to buy a home in San Antonio. So, this begs the question, what does 2017 have in store for the San Antonio housing market? 

2016 Year in Review

Throughout the calendar year of 2016, the San Antonio housing market experienced desperately low inventory rates. According to retired Texas economist Mark Dotzour, there should be about 6.5 months of inventory, but San Antonio consistently had about 3 months worth of inventory on the market. Simultaneously, a rising demand for homes could not be met by developers, who face hurdles with local regulations when it comes to building new subdivisions and planned communities in the area.

Despite these challenges, the housing market was still in a boom year, and the number of sales continued to increase. In fact, according to the San Antonio Board of Realtors, there were 400 more sales in November 2016 than there were in November 2015. In addition, home values continued to rise and sales prices increased significantly throughout the year. 

San Antonio 2017 Housing Market Forecast

On the heels of 2016, the 2017 housing market in San Antonio is expected to remain competitive, and it is predicted that home prices will continue to rise. Dotzour notes that this is excellent news for those who are looking to sell their homes, and his comments are in line with predictions from Trulia, which ranked San Antonio as the 8th hottest real estate market to watch in 2017.

While the market seems to be ideal for sellers, 2017 also holds promise for home buyers who want to purchase real estate in the San Antonio area. Dotzour reminds buyers that they don't need to be discouraged or intimidated by rising mortgage rates. While these rates are on the rise, they are still historically low. The market can expect an influx of buyers this year, as KENS5 Eyewitness News notes that out-of-state buyers have their sights set on San Antonio.

Next Step: Focus on Finding an Experienced Real Estate Agent

As you look toward your goals for 2017, consider your real estate dreams and ambitions. Perhaps this is the year that you upgrade to your dream property, or maybe it's the year that you sell in order to downsize for your retirement. Regardless of your goals, it's critical to have the right real estate agent on your side. Liz Petroff is a dedicated agent who takes pride in her local knowledge and expertise. With a focus on the San Antonio market and an emphasis on personalizing the real estate process, she is able to provide you with the relevant and accurate information that you need to finalize your real estate decisions.

Liz Petroff is a dynamic real estate agent who works for all types of buyers and sellers. Whether you are a first-time home buyer looking to invest in the valuable San Antonio real estate market and want the competitive edge in this seller's market, or you are a home seller who wants to take advantage of the rising home prices, Liz is the agent that you want on your side. To find out the latest information about the current market conditions in San Antonio and to receive a customized market report, contact Liz Petroff today.

Sept. 22, 2016

78247 Zip Code Among 10 Hottest Zip Codes in the U.S. for 2016

According to Realtor.com®, San Antonio's 78247 zip code was ranked #5 on its list of the Top 10 Zip Codes in America. Last year, the 78247 zip was #6 on Realtor.com® list.

According to the report, millenials make up 36% of mortgages in this zip code. Other Texas Zip Codes in the Top 10 include 75495 in Van Alstyne (#47) and 76148 in Watauga, a suburb of Fort Worth, which ranked #1 on this year's list.

2016 Market Statistics for Zip Code 78247

Based on sold data from the MLS, between January 1, 2016 and August 31, 2016...

  • A total of 566 single-family detached homes were sold

  • Of those transactions, 4.4% of the homes sold above San Antonio's August 2016 Average Home Price of $246,515

  • Average home price in the 78247 zip code was $181,798

  • Homes stayed on the market an average of 40 days

More on realtor.com's methodology can be found on the Realtor.com website.

78247 Homes For Sale

You can find every active MLS listing available in the 78247 zip code on SanAntonioTXForSale.com. Some of the San Antonio subdivisions in zip code 78247 include Redland Oaks, Longs Creek, Steubing Ranch, Green Spring Valley, and Preston Hollow.

New listings and price changes are updated regularly throughout the day. You can view photos, maps, school and other information vital to your home search. Sign up for updates on new listings and price changes.

Search 78247 Homes For Sale

Find Homes For Sale by Zip Code

Sept. 21, 2016

San Antonio Housing Trends: August 2016

Downtown San Antonio

Total home sales in the San Antonio area posted the second highest number of sales so far during 2016 with 2,900 homes sold during the month of August 2016. This was also a 13% increase compared to last August. “July ended with over 2,400 transactions still pending which created a boost in our August sales,” said Bob Jacobs, SABOR’s 2016 Chairman of the Board.

Median home price remained virtually unchanged from July at $211,800, but was above the $200,000 mark for the fourth month in a row. To date, over 1,200 more homes have been sold than the same time last year.

The San Antonio Board of REALTORS® (SABOR) reported 3.8 months of inventory in August, which still characterizes a seller's market. In January of this year during the 2016 Housing Forecast, Texas economist Dr. Mark Dotzour reminded us that 6.5 months of inventory represents a balanced housing market. Accoridng to SABOR, the last time the San Antonio housing market saw at least six months of inventory was in November 2012. Dotzour also suggested that more job growth, low interest rates, and increasing home prices suggest San Antonio housing is in good shape for 2016.

About Liz Petroff

Whether you're buying or selling a home in a this market, it is important to be prepared. Liz is available via email or by phone at (210) 464-8100. Liz has helped many buyers and sellers – first-time, relocating, downsizing – through every aspect of the transaction from financing, to property search and valuation, navigating contracts, and negotiating in your best interest.

 

August 2016 San Antonio Market Statistics, San Antonio Board of REALTORS

August 2016 San Antonio Market Statistics, San Antonio Board of REALTORS®

Aug. 16, 2016

San Antonio Housing Trends: July 2016

Downtown San Antonio

For the first time since May 2014, total home sales in the San Antonio area declined compared to the same period the prior year. The 2,850 homes sold during the month of July 2016 was a 2% decrease verses July 2015 total home sales. Despite the decline in sales, the median home price was above the $200,000 mark for the third month in a row at $211,900. Just over 50% of the homes sold in July were priced between $200,000 and $499,999.

The San Antonio Board of REALTORS® (SABOR) reported 3.9 months of inventory, which still characterizes a seller's market. In January of this year during the 2016 Housing Forecast, Texas economist Dr. Mark Dotzour reminded us that 6.5 months of inventory represents a balanced housing market. The last time the San Antonio housing market saw at least six months of inventory was in November 2012 according to SABOR's press release. Dotzour also suggested that more job growth, low interest rates, and increasing home prices suggest San Antonio housing is in good shape for 2016.

“The San Antonio area continues to be one of the most affordable markets in Texas,” said Bob Jacobs, SABOR’s 2016 Chairman of the Board. “For example, the median sales price of a home in Bexar County in July was $200,000 while the median was $335,000 in nearby Travis County and $219,250 in Harris County.”

About Liz Petroff

Whether you're buying or selling a home in a this market, it is important to be prepared. Liz is available via email or by phone at (210) 464-8100. Liz has helped many buyers and sellers – first-time, relocating, downsizing – through every aspect of the transaction from financing, to property search and valuation, navigating contracts, and negotiating in your best interest.

 

July 2016 San Antonio Market Statistics, San Antonio Board of REALTORS

July 2016 San Antonio Market Statistics, San Antonio Board of REALTORS®

July 19, 2016

2017 San Antonio Parade of Homes — Canyons at Scenic Loop

A Parade of Homes for 2016 will no longer take place. Instead, the 2017 Parade of Homes will be held at Canyons at Scenic Loop from May 20-29, 2017. Details have not been announced. Stay tuned for more information!

Mark Your Calendars for May 20-29, 2017

Saturday, May 20 through Sunday, May 21 — 10:00 am to 6:00 pm
Monday, May 22 through Thursday, May 25 — 3:00 pm to 8:00 pm
Friday, May 26 is
DATE NIGHT — 3:00 pm to 10:00 pm
Saturday, May 27 through Monday, May 29 — 10:00 am to 6:00 pm

 

Tuesday, May 23:
The Canyons At Scenic Loop Residents Day
Wednesday, May 24:
Realtors Day (Realtors Get In Free With Real Estate Agent Business Card & Driver’s License)
Friday, May 26:
North Park Family of Dealerships Date Night
Monday, May 29:
Military & First Responders Day (Buy One, Get One Free with ID)

 

The Parade of Homes is organized by The Greater San Antonio Builders Association (GSABA). The tour provides an opportunity to get ideas for your own home, and to see what our area builders are building. For more information call GSABA at (210) 696-3800.

Here's what you need to know

  • Admission: Presale is $11 at participating Home Depot stores while supplies last, or $13 cash only at the gate. Children ages 5-12 are $9 each (no presale discount).
  • This year's builders will be annouced shortly.
  • The homes may not be handicap accessible.
  • Shuttles will transport Parade guests to and from Canyons at Scenic Loop.
  • Parking
    UTSA Brackenridge Avenue Lot 3 [MAP]
    - Friday May 19 - Sunday, May 21
    - Friday, May 26 - Monday, May 29
    San Antonio Rose Palace located at 25665 Boerne Stage Rd, San Antonio, TX 78255 [MAP]
    - Monday, May 22 - Thursday, May 25.
  • "Parade of Homes" signs are generally posted on main thoroughfares directing you to designated parking lots.

Where are the homes located?

Canyons at Scenic Loop is a gated community located in northwest San Antonio just outside of the city limits with access from Scenic Loop Road in the 78255 zip code. Homesites range from 0.5 to 1.5 acres with gorgeous Hill Country views.

Residents of the Canyons at Scenic Loop are served by the Northside Independent School District with private and charter school options in the area. Nearby supercenters of La Cantera and The Rim boast a full range of retail offerings and entertainment venues, and feature an abundance of restaurants.

Find Homes For Sale in Canyons at Scenic Loop

June 14, 2016

San Antonio Housing Trends: May 2016

Downtown San Antonio

The summer home buying season is here! The 2,807 total home sales in the San Antonio area was an increase of just over 13% from April 2016 to May 2016...a 10% increase as compared to the same period last year. No surprise given the population growth of the San Antonio metropolitan area from July 2014 to July 2015, which was 51,285. That's about 141 people per day moving to the San Antonio metropolitan area making New Braunfels the second fastest-growing city in the U.S.

The San Antonio Board of REALTORS® (SABOR) reported the average price of single family homes in May 2016 was $249,024, a 2% increase over the same period last year. That is still below the state’s average price of $271,213 making San Antonio one of the the most affordable markets in the United States.

In the San Antonio area, homes priced under $200,000 made up 46.9% of the homes sold in May. Homes priced between $200,000 and $500,000 accounted for 47.6% of the homes sold and homes priced over $500,000 made up 5.5% of the market. The largest share of homes last month were priced between $200,000 and $250,000, which made up 18% of the market. A total of 15 homes sold were priced over one million dollars.

 

May 2016 San Antonio Market Statistics, San Antonio Board of REALTORS

May 2016 San Antonio Market Statistics, San Antonio Board of REALTORS®

About Liz Petroff

Liz Petroff is a full-time, dedicated real estate professional. Liz has helped many buyers and sellers – first-time, relocating, downsizing – through every aspect of the transaction from financing, to property search and valuation, navigating contracts, and negotiating in your best interest. Contact Liz with your real estate questions.

Feb. 11, 2016

2016 Spring Tour of Homes | San Antonio

May 7 & 8 and 14 & 15 — 11:00 am til 6:00 pm

2016 Spring Tour of Homes San Antonio

The Spring Tour of Homes is put on each year by The Greater San Antonio Builders Association (GSABA). Some of these communities were previous Parade of Homes locations. The tour provides an opportunity to get ideas for your own home, and to see what our area builders are building. For more information call GSABA at (210) 696-3800

Here's what you need to know

Where are the homes located?

View More
Jan. 13, 2016

San Antonio Housing Trends: 2015 In Review

Downtown San Antonio

For years, the housing market was a market in recovery. Across the country, people watched and waited for their home values to rise and sales to pick up. In 2015, San Antonio got the boom year it had been waiting for. Homes were placed on the market, only to be sold in a matter of moments. In some cases, the "For Sale" signs never even made it in front of the house before the property had been marked pending. Yes, 2015 was a good year to dive into the San Antonio housing market.

The San Antonio Housing Market Year in Review: 2015

In many aspects, 2015 was a record-breaking year for the San Antonio housing market. In fact, the number of homes sold in the region reached an all-time high, breaking a record that was set in 2006. According to statistics published by the San Antonio Board of REALTORS® (SABOR), a total of 27,154 homes were sold in 2015 and the average sales price of a home was $231,976 — a six percent increase from the previous year. In addition to the soaring prices and sales, homes also were not sitting on the market for very long. On average, a home spent just 60 days on the market. There's no sign of things slowing down, as more people look to get into this vibrant and active real estate market.

Bob Jacobs, SABOR’s 2016 Chairman of the Board acknowledged that “while the majority of homes sold are still below $200,000, we have seen a gradual shift in more homes being sold in the range between $200,000 and $500,000.” as shared during the 2016 Housing Forecast hosted by SABOR.

How Did the Local Market Rank in 2015? 

It wasn't only local real estate experts who were impressed with the market in San Antonio. In fact, 2015 was the year where the entire country was watching this magnificent city blossom to life. Here's just a few times San Antonio was listed as a top-ranked community:

Looking Ahead: Expect More Excitement in 2016

San Antonio is in a position to have another stellar year, not only as far as the economy is concerned but also for the housing market. As a business-friendly city, large corporations and small, local businesses are attracted to San Antonio. By bringing more jobs, this in turn brings in more residents, which drives up demand for houses in the region.

Local real estate experts and Texas economist, Dr. Mark Dotzour, believe that the ever-expanding economy and the increased demand for housing in the area will create a lively housing market where prices continue to increase and values continue to soar.

Dotzour doesn't envision mortgage rates going up much if at all in 2016 despite action by the Fed, and reminded us that mortgage rates are based on the 10-year U.S. Treasury rate, which rises on the expectation that inflation and global economic weakness is ahead.

Perhaps you thought about putting your house on the market in 2015, but you never gathered up the courage to make the leap. Maybe you feel like you missed out on the opportunity to find your dream home in this metropolitan area. Don't worry, you didn't miss out on a premium market just because you didn't take advantage of the opportunities in 2015. In fact, 2016 is going to be your year!

Let Liz Petroff provide you with expert information about the current market conditions in San Antonio, and help you make the most out of your real estate investments. Liz works with both buyers and sellers at all stages of life. Whether you are down-sizing, purchasing your first home or searching for the place that is perfect for your growing family, Liz can help! Contact Liz today for more information.

December 2015 San Antonio Market Statistics

December 2015 San Antonio Market Statistics, San Antonio Board of REALTORS®

Dec. 15, 2015

San Antonio Housing Trends: November 2015

Downtown San Antonio

Home sales in the San Antonio area rose 2% in November 2015 as compared to the same period last year. While that doesn't seem like much, single family home sales have been trending upward since June 2014.

November 2015 was the first month in some time that we have seen a decrease in average home price as compared to the same period year over year. The San Antonio Board of REALTORS® (SABOR) reported the average price of single family homes decreased 8% in November 2015 to $219,808 compared to the same period last year. The last time average home price was below $220,000 was in February of this year.

“Though our prices are marginally less than they were at this time last year, it speaks to the stability of our local market that we don’t see big spikes or drops in our prices like other markets do,” said Mary Ann Jeffers, SABOR’s 2015 Chairman of the Board. “It’s also not unusual to see prices decrease somewhat as we get into the winter months. Fewer people are out shopping for homes and competition is not as fierce.”

In his recent 2016 economic and housing forecast, chief economist of the National Association of Realtors®, Lawrence Yun, suggests that more homeowners will be incentivized to sell in 2016. “Sales activity in 2016 will once again be primarily driven by the ongoing release of more pent-up sellers finally realizing their equity gains and using it towards the down payment on their next home.”

 

November 2015 San Antonio Market Statistics, San Antonio Board of REALTORS

November 2015 San Antonio Market Statistics, San Antonio Board of REALTORS®

About Liz Petroff

Liz Petroff is a full-time, dedicated real estate professional. Liz has helped many buyers and sellers – first-time, relocating, downsizing – through every aspect of the transaction from financing, to property search and valuation, navigating contracts, and negotiating in your best interest. Contact Liz with your real estate questions.

Nov. 16, 2015

San Antonio Housing Trends: October 2015

Downtown San Antonio

While sellers typically take a break from listing homes for sale during the "off season", it may be ripe with opportunity more than ever. Since April, homes have not been on the market longer than 59 days and inventory fell back below four months at 3.8 months in October 2015. The San Antonio Board of REALTORS® (SABOR) reported the average price of single family homes increased 10% in October 2015 to $231,116 compared to the same period last year.

“Even though we have headed into a traditionally quieter time of year when it comes to buying and selling, we continue to see more activity than this time last year,” said Mary Ann Jeffers, SABOR’s 2015 Chairman of the Board. “Not only is sales activity up in San Antonio, but in the surrounding areas as well. Helotes, Live Oak, Schertz and Selma all experienced significant increases in October with each growing at least 30 percent in total sales compared to October 2014.”

The level of inventory at 3.8 months remains shy of the 6.5 months of inventory that the Real Estate Center at Texas A&M University characterizes as a balanced housing market. A rate increase by the Federal Reserve could impact some buyers, primarily first-time homebuyers.

 

October 2015 San Antonio Market Statistics, San Antonio Board of REALTORS

October 2015 San Antonio Market Statistics, San Antonio Board of REALTORS®

About Liz Petroff

Liz Petroff is a full-time, dedicated real estate professional. Liz is available via email or by phone at (210) 464-8100. Liz has helped many buyers and sellers – first-time, relocating, downsizing – through every aspect of the transaction from financing, to property search and valuation, navigating contracts, and negotiating in your best interest.