Recent Sales 294
North Central 37
North West 83
North East 81
Inside 410 Loop 34
Boerne 10
New Braunfels 10
Canyon Lake 10
New San Antonio Homes entering the market last week were 938 as our inventory grows giving buyers more leverage in negotiations and choice. 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 as days on market increase. People are still in the market for homes and will continue to buy when the right home comes along.
December 2022 sales numbers above show sales of 2,473 to end the year while median price and average price both increased 6%. As many accept the national news stories of “poor housing” reports, San Antonio continues to run against the tide as our market remains solid. The numbers below show the 2019 numbers before the pandemic compared to 2022 year end numbers. In the two years, prices increased a whopping 33.7%! That part of the market we all enjoy. Even though sales were down, our appreciation was significantly higher. Again, if you are considering selling your home, there are no shortcuts!
Here’s a preview of the information being withheld as it does not “flow” with the narrative:
| YTD Nov 2019 (Pre-Pandemic) |
2022 | Change | |
| Median Price | $249,000 | $333,000 | 33.7% |
| Active Listings | 87,906 | 82468 | -6.2% |
| Closed Sales | 29,669 | 24,839 | -16.3% |
| Days on Market | 65 | 57 | -12.3% |
| Months of Inventory | 3.0 | 2.7 | -10% |
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. 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, and has the support of their company to market your home and if necessary, add additional marketing resources themselves.
Redfin reports sales are slow to begin the year, but more buyers are searching. The increase in inflation and rising interest rates to slow it down put many would be buyers on the sidelines and then we faced the typical slow down during the holidays. However, “their demand index, a measure of tour requests and other searches for “homes for sale” are on the rise. Some buyers are likely coming in from the sidelines because mortgage rates have dropped to the low 6% range from over 7% in November saving the typical U.S. homebuyer owes roughly $250 on their monthly house payment.”
Buyers may also be encouraged by signs of improvement in the economy, as the inflation numbers decreased for the 6th consecutive month in December, leading many to believe that the FED will ease their policy. Many economists feel the worst of the inflation is behind us and should continue to improve.
A promise from us – if you’re considering selling your home, we have solutions and would like to sit down and discuss the options. It’s what we do – let us “Guide You Home.” THERE ARE SOLUTIONS! THERE ARE NO SHORTCUTS!
The Numbers Month to Month and Year to Year
There have been 2,424 Properties Sold in the past 30 days, while pending sales over that same period are 2,291. These are very encouraging numbers to begin the year.
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.
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
Your Own Piece of Paradise with Breathtaking Views! This home has the highest quality in craftsmanship, material and design, and the outdoor living spaces allow you to enjoy the hill country views all day long. The open concept and split floorplan will have you loving this home. With 3 large private bedrooms with en-suite bathrooms (including the master suite) on the 1st floor and 2 additional bedrooms with upgraded en-suite bathrooms on the 2nd floor, this floorplan is perfect for all families and guests. The gourmet kitchen is ideal for whipping up a 5-star meal. It has beautiful custom cabinetry, a Wolf Commercial Gas Range, copper vent hood, warming drawer, butler’s pantry with wine rack, SubZero Refrigerator, double dishwashers, and large walk-in pantry. When you are done with dinner, settle in the warm and cozy living room with the wood-burning fireplace as the focal point. Escape to your primary suite wing of the house; a true retreat. The suite boasts expansive views of hill country, a fireplace, attached exercise room (or nursery), and large en-suite bathroom complete with steam shower, heated floors, private laundry and custom walk-in closet. Just outside the suite is an in-home office with floor to ceiling shelves. The downstairs family room has a wet bar, ice maker, and drink fridge and is great for enjoying a game on the TV or as a second living room for an in-law suite. The upstairs bedrooms flank a massive game room with two story ceilings and a loft hideout. Moving outside to the 5 living areas; first, you can enjoy a cup of coffee on your primary wing’s terrace while watching the sunrise. Next, the outdoor dining area, off of the kitchen, is exceptional for hosting luncheons. The Resort-style pool boasts a beach entry, water slide & grotto with waterfall that is perfect for cooling off on hot summer days. In addition, the recently leveled, sodded, and fenced backyard is ideal for a playset and all sorts of games and activities. Finally, cozy up as the sun sets with family, friends and a glass of wine on the expansive covered patio with outdoor kitchen & fireplace! Also, located on the property is a two stall horse barn with tack room and outdoor dog kennels. The oversized 3 car garage contains extra storage cabinets and a room for workbench tinkering. Estancia also offers Ag Exemption on 8.46 acres. This sought-after neighborhood boasts numerous amenities including a 50,000sf complete equestrian center, fully equipped gym, inside basketball court, open air sports complex, skeet deck, 3 par 3 golf holes, 5-acre fishing lake, indoor cantina & covered pavilion! As far as the eye can see are hills, trees, and endless sky. You can even see the town of Boerne in the distance which is great for those Fourth of July and New Year’s Eve fireworks. Just 30 minutes from San Antonio’s city edge, with such a gorgeous interior and spectacular views, 52 Thunder Ridge is the perfect home!
This Week’s Least Expensive
This week’s least expensive home is again located in Jourdanton. This 3 bedroom, 1 bath home is right in the middle of town with plenty of potential to be a great home for a new family. A fresh renovation, and a new white picket fence will make this home a place with many treasured memories. (Schedule your private showing by calling 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 the Parkwood subdivision, this home has a terrific floorplan on a culdesac lot! The community has a neighborhood pool, tennis courts, jogging trails, clubhouse and sports court for your enjoyment. This 4-sided brick home has a long driveway for extra parking, multi-level flowerbeds and a sprinkler system. Spacious family room with bamboo flooring and fireplace and an office downstairs. The remodeled kitchen was completed in 2018 and includes custom cabinetry, appliances, granite counters, recessed lighting, new flooring, huge island, double oven and a refrigerator that stays. Enormous walk-in pantry with utility room, floor to ceiling storage, cabinets and room for a freezer. Owner’s retreat upstairs is very spacious with separate vanities, separate garden tub and shower, and separate closets. 2023 carpet and vinyl plank flooring in the bathrooms completes the improvements. All secondary bedrooms have walk in closets and the 5 ton HVAC system is 5 years old with a 2023 thermostat, garage door opener in 2016, new roof in 2016, new paint, and a water softener.
