Market Report 01/12/2023

Jan 12, 2023 | Market Reports

Open Door

 

Recent Sales 219

North Central 37

North West 44

North East 69

Inside 410 Loop 31

Boerne 3

New Braunfels 6

Canyon Lake 7

 

New San Antonio Homes entering the market last week were 638 as we get into the second week of the year. We look for activity to pick up as things return to normal and interest rates settle down and continue to see a steady rise in price. Well cared for homes, priced right continue to go under contract quickly. People are still in the market for homes and will continue to buy when the right home comes along.

Next week we will have our first look at the 2022, year-end numbers. As many accept the national news stories of “poor housing” reports, San Antonio continues to run against the tide as our market remains solid. Wanted to again report the following numbers – the same we reported last week.

Here’s a preview of the information being withheld as it does not “flow” with the narrative:

YTD Nov 2019
(Pre-Pandemic)
YTD Nov 2022
Median Price $240,000 $330,000
Active Listings 98,700 90,606
Closed Sales 25,622 22,983
Days on Market 62 48
Months of Inventory 3.4 2.9

Remember that a “Balanced Market” is 6 months of inventory and although we may be approaching it, we certainly aren’t there yet. Homes are taking longer to sell, as we see the Days on Market increasing, however, they are still 14 days less than 2019. The point continues – they ARE selling. The most important thing you can do if you are looking to buy or sell in 2023, is work with someone who knows the numbers, has the confidence to get it done for their clients, has the support of their company to market your home, and if necessary, add additional marketing resources themselves.

Our own San Antonio Express News on January 4, 2023, said, “U-Haul says more people rented moving trucks to Texas than to any other state in 2022.” The article goes on to say that “It is the second consecutive year, Texas topped the rental moving truck company’s list. One-way moves to Texas increased by 1 percent from 2021, but departures from the state also rose about 1 percent from the previous year.”

One advantage our agents have at Coldwell Banker is access to other service providers. For example, did you know that we have a global moving company come to our weekly meetings about once per quarter? That’s value to you, our current and prospective clients, as we have the up-to-date statistics on what is happening across the country. Many of the moving vans headed to California are going out empty and will give you a discounted rate if you choose to move there! They are up charging their customers on moves out of California! What does that mean for our market? Every state has their pros and cons, and it appears our “pros” continue to outweigh the cons. Although housing prices have risen and inflation is at a 40 year high, San Antonio remains a great choice for relocation and retirement, both military and civilian, and we will continue to see families choose our state to call home.

So, the question is, “Do you want the “national and local news guy,” or do you want someone active in the business of San Antonio Real Estate who has a plan to help you WITHOUT SHORTCUTS?

We are experienced, solution, and value based real estate agents who can help those facing foreclosure. THERE ARE SOLUTIONS! THERE ARE NO SHORTCUTS! We have solutions and would like to sit down and discuss the options. It’s what we do – let us “Guide You Home.”

The Numbers Month to Month and Year to Year

There have been 2,732 Properties Sold in the past 30 days, while pending sales over that same period are 1,863. Although sales have fallen below 3,000, and pending sales have fallen below 2,000, you can expect that during the holidays. On the other hand, families are together and may be having the discussions about moving and out attending Open Houses. That’s where it can start.

Ask us about RealVitalize, a program to help sellers make the repairs now and pay at closing! We refuse to take shortcuts. Professional HDR Photography remains “state of the art” and is used with every home we bring to the market. As one of our clients stated, “I can’t believe how my home looks with your photography. The pictures are amazing!”

With nearly 600 agents and over $1 Billion in yearly sales (yes, Billion), chances are we have buyers for your home within our grasp. We have processes in place to assist you in both the sale of your home and the purchase of your next home and our lender partners are ready and willing to have a discussion with you about what to expect. Talk to us about how we are getting our clients into their next home on time.

We are here to serve you. For helpful homeowner and real estate tips, please see our Blog.

As a reminder, you can see all of our Market Reports over the past 3 years by scrolling down on the report on our website, so scroll down now!

A few highlights of the current San Antonio Homes for Sale are shown below and represent a nice cross section of properties available, under contract, and that have sold.

This Week’s Most Expensive

This week’s most expensive home is located in Cordillera Ranch. A rare opportunity is yours with this home as it offers BOTH an AG exemption AND a Master Transferable Golf Membership available for purchase! As you enter this home where every detail has been meticulously planned and beautifully executed, you are welcomed by a grand two-story foyer and a striking incredible window framing the view out to your private hill country retreat. Sitting on over 17 fenced acres with a resort style pool, waterfall, wood burning fireplace and a pergola patio area with outdoor kitchen, this is the perfect venue to entertain friends and family and create memories. The craftsmanship of this home is to be admired from the handcrafted wood windows, hand tiled floors, massive wood beams, tile accents, dramatic fireplaces, detailed ceiling treatments and a well thought out floor plan. Walking past the unique wine area and bar you enter the generous great room with soaring ceilings and numerous windows and doors which brings the outside in. The gourmet kitchen with imported tile, detailed custom cabinetry and beautiful warm granite counters features an eat in area looking at both the views to the outside and inside to the heart of the house. A formal dining room with yet another intricate ceiling treatment, a separate custom built in office, and the separate luxurious master suite are on the first floor. The master suite is in itself, a retreat with separate vanities and elaborate tub perfectly framed by a window looking out to the views. Your guests will be spoiled by the one-bedroom suite casita with its own entrance. Perfect for college kids or extended family to be so close and yet have their own space. Next door with its own private entrance is the workout room. Both of these rooms are just steps away from the pool and entertaining backyard. The second floor offers another generous living space with a bar. Located in the highly desired and exclusive community of Cordillera Ranch offering a lifestyle with amenities that can be enjoyed by all. This is a most special and unique piece of property. Imagine yourself looking out to your own acreage, seeing your longhorn’s munching on their hay, feeling the tranquility of the Texas Hill Country, and enjoying magnificent sunset skies. Call for private showing (210) 286-9106.

This Week’s Least Expensive

This week’s least expensive home is again located in in Cupples/Zarzamora subdivision. Potential investment property in a good location, minutes from all major highways. This home is near Our Lady of the Lake University and convenient to downtown. Call for private showing (210) 286-9106.

This week’s most expensive home is located in Cordillera Ranch. A rare opportunity is yours with this home as it offers BOTH an AG exemption AND a Master Transferable Golf Membership available for purchase! As you enter this home where every detail has been meticulously planned and beautifully executed, you are welcomed by a grand two-story foyer and a striking incredible window framing the view out to your private hill country retreat. Sitting on over 17 fenced acres with a resort style pool, waterfall, wood burning fireplace and a pergola patio area with outdoor kitchen, this is the perfect venue to entertain friends and family and create memories. The craftsmanship of this home is to be admired from the handcrafted wood windows, hand tiled floors, massive wood beams, tile accents, dramatic fireplaces, detailed ceiling treatments and a well thought out floor plan. Walking past the unique wine area and bar you enter the generous great room with soaring ceilings and numerous windows and doors which brings the outside in. The gourmet kitchen with imported tile, detailed custom cabinetry and beautiful warm granite counters features an eat in area looking at both the views to the outside and inside to the heart of the house. A formal dining room with yet another intricate ceiling treatment, a separate custom built in office, and the separate luxurious master suite are on the first floor. The master suite is in itself, a retreat with separate vanities and elaborate tub perfectly framed by a window looking out to the views. Your guests will be spoiled by the one-bedroom suite casita with its own entrance. Perfect for college kids or extended family to be so close and yet have their own space. Next door with its own private entrance is the workout room. Both of these rooms are just steps away from the pool and entertaining backyard. The second floor offers another generous living space with a bar. Located in the highly desired and exclusive community of Cordillera Ranch offering a lifestyle with amenities that can be enjoyed by all. This is a most special and unique piece of property. Imagine yourself looking out to your own acreage, seeing your longhorn’s munching on their hay, feeling the tranquility of the Texas Hill Country, and enjoying magnificent sunset skies. Call for private showing (210) 286-9106.

This Week’s Least Expensive

This week’s least expensive home is again located in in Cupples/Zarzamora subdivision. Potential investment property in a good location, minutes from all major highways. This home is near Our Lady of the Lake University and convenient to downtown. Call for private showing (210) 286-9106.

This Week’s Must See

There were more great San Antonio Homes for Sale to consider for this week’s ‘Must See.’  Located in Braun Station West, this single-story home is bright and fresh and ready for new owners. This Cul-de-sac, Greenbelt abode is located in Northwest San Antonio. It hosts outstanding features such as spacious rooms, light wood-like flooring, a gorgeous brick fireplace, and a fantastic backyard oasis. The semi-open floor plan allows for easy entertainment. Home to a kitchen any chef will love with stunning black granite countertops, stainless steel appliances, and an inlay electric stove. Additionally, there is a kitchen island with casual bar seating available. Relax and unwind within the primary suite and spa-like en suite bath with a soaking tub and exquisite tile. You will find excellent finishes and great attention to detail throughout the home. There is room for flexibility within this home; use one of the bedrooms as an office space or just for extra storage. Find your own little oasis in the backyard with a pool, spa tub, and spacious covered patio. Metal Roof is a nice feature. With quick access to highway 1604 and Bandera Road, excellent shopping and dining experiences are at your fingertips. Schedule your private tour today and begin your next chapter here! Call for private showing (210) 286-9106.

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