Recent Sales 367
North Central 36
North West 100
North East 118
Inside 410 Loop 43
Boerne 12
New Braunfels 13
Canyon Lake 9
New San Antonio Homes entering the market last week were 636 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.
Perhaps the most interesting data from the infographic comparison above, is the change in Price Distribution. The bar graphs show that in December 2021 vs. December 2022 homes sold below $299,000 were 48.1%. In December 2022, homes below $299,000 were 41.8%, a 15% drop as home prices have risen. Homes sold above $299,000 in December 2021 were 51.9% compared to 58.2% in December 2022. We continue to expect prices to rise in 2023 as interest rates stabilize, families continue to move up where they can, and other families relocate to San Antonio.
Here’s a preview of the information being withheld as it does not “flow” with the narrative:
| 2021 December |
2022 December |
Change | |
| Median Price | $305,000 | $322,000 | 10.5% |
| Active Listings | 4,734 | 9,626 | -6.2% |
| Closed Sales | 3,615 | 2,512 | -30.5% |
| Days on Market | 35 | 59 | 68.6% |
| Months of Inventory | 1.4 | 3.1 | 121.4% |
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.
An article in yesterday’s Express News said the Alamo City ranks 5th in expected GDP growth at 1.4% behind Austin, San Francisco, Seattle, and Raleigh Durham, North Carolina. All of the cities at the top have a strong tech sector and Kenan Institute of Private Enterprise predicts a mild recession through the second half of 2023.
The article goes on to state that between 2020 and 2021, more people moved here than anywhere else in the country according to census data. We believe that trend will continue in 2023. Our city continues to be attractive for families in other states who want to improve their quality of life.
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 2,385 Properties Sold in the past 30 days, while pending sales over that same period are 2,549. 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
This week’s most expensive home is located in The Dominion. Breathtaking masterpiece designed by Roy Braswell and meticulously built by Roberto Kenigstein. Designed to embody a gorgeous blend of warmth and an elegant aesthetic in a tranquil setting with stunning vistas. Combining elegance and luxurious detail this is an estate with unmatched distinction. From the redesigned chef’s kitchen with custom solid wood cabinetry and oversized double islands opening to the meticulously designed family room with soaring two-story ceilings. A sumptuous master suite features a sitting area, a private patio, and a spa-like master bathroom with a private flex space atop with a balcony enjoying stunning views. Impeccable craftsmanship prevails with four spacious guest bedrooms all with en-suite bathrooms. Indulge and entertain in the outdoor paradise featuring a sparkling pool, and extensive hard decking with covered patios. (Schedule your private showing by calling 210-286-9106).
This Week’s Least Expensive
This week’s least expensive home is again located in Harlandale. This property is a complete rebuild. If you have the vision to see the potential, this may be a wonderful investment opportunity just 1 block from the San Antonio River. (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 Huntington Place subdivision, this spacious two-story home has a wide open floor plan with huge rooms! Three bedrooms, two baths, 2675 square feet, gives you plenty of living space and a perfect place to entertain. Two colossal living spaces and dining room with an open kitchen, granite countertops and 130 square foot pantry/utility room will make this a wonderful place to call home. Add a little TLC and this .21-acre yard will be an oasis! Mature trees and an extended patio will provide hours of backyard entertainment. (Schedule your private showing by calling 210-286-9106).
