Market Report 02/16/2023

Feb 16, 2023 | Market Reports


Open Door

Recent Sales 352

North Central 38
North West 80
North East 113
Inside 410 Loop 55
Boerne 12
New Braunfels 10
Canyon Lake 8

New San Antonio Homes entering the market last week were 905 as our inventory grows giving buyers more leverage in negotiations and choice. We mentioned that on line searches were increasing a few weeks ago and we expected activity to follow. That’s exactly what is happening and where there is activity, transactions follow. Interest rates have settled down and buyers are and have returned. 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.
The infographic above displays some interesting data. Over half of the homes sold in the San Antonio New Braunfels Metro Area (52.1%) are now over $300,000 as prices have risen significantly over the past 2 years. Our months of inventory has risen to 3.2 months and of course a “Balanced Market” is 6 months of inventory. Homes are taking longer to sell, as we see the Days on Market increasing and the point is – 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.

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 2,465 Properties Sold in the past 30 days, while pending sales over that same period are 2,854. These are very encouraging numbers to begin the year. We are looking for a 5 – 6% appreciation as families continue to make San Antonio their home.
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 in an amazing gated and private hilltop area. The home has amazing details beginning with the exterior stucco and granite details, high ceilings, soaring windows, hard wood floors, and custom iron work. The center point of the home is set with a grand circular staircase leading to the second floor and a rooftop cupola that floods natural light into the home. Perfect for entertaining, the main floor allows great views of the grounds from every room. Master suite on the first level has access to the heated pool and spa. The master wing sitting room and study overlooks a shade garden with an outdoor water feature. The Chef’s kitchen is complete with an oversized island equipped with high end appliances. Large windows bring great light to the breakfast area on the front side of the house. The family room has high ceilings with a perfectly situated wet bar that opens to a covered outdoor living space with an outdoor kitchen and a grand gazebo. The oversized pool and outdoor gazebo is great for hosting and relaxing in both the summer and winter seasons. The upper level offers additional bedrooms each with beautiful baths and spacious closets. Also on the second floor is an incredible media room which is perfect for family movie nights. This property is one of a kind in the one of a kind Dominion. (Schedule your private showing 210-286-9106)

 

This Week’s Least Expensive

This week’s least expensive home is a manufactured home in Windy Meadows in Schertz. Remodeled with new vinyl flooring throughout, new bedroom carpet, new master bath vanities, fresh paint in and out and comes with a semi new shed. (Schedule your 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’. If you’re looking for value, look at this home! With 3 bedrooms and 2.5 baths, bright, modern floorplan, with 9ft ceilings, and a family room that opens to the kitchen and dining area for easy entertaining. Kitchen offers dark wood cabinetry, quartz counters, stainless steel appliances, breakfast bar, & huge walk-in pantry. All bedrooms & laundry room are upstairs. Large game room/loft separates primary suite from secondary bedrooms and oversized primary suite provides for extra comfort. Ensuite includes dual vanity, shower, and walk-in closet. Outdoor activities and entertaining are a breeze with rear covered patio and privacy fence. Neighborhood amenities include swimming pool, park and playground. Easy access to highways 1604 & 151 with an easy commute to Lackland AFB, Sea World, and local shopping/dining. This home shows like new! (Schedule your private showing 210-286-9106)

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