Let me share my reasons why Spring Time is my favorite season of the year in South Texas. First, the cold weather is officially gone. It’s a great time to be outdoors in the yard, your garden, at the park, jogging/walking those fun races, or just taking a stroll in your favorite neighborhood. Speaking of which, San Antonio has many to choose from if you are planning to relocate your primary residence, or just want to find a nice second home to get away from the cold winters from up North, the Mid-West, or back East.
You don’t want to miss out on Fiesta San Antonio 2018, as we are celebrating our 300 years anniversary for the Alamo City. I know all the golf enthusiasts have their eyes on the first Golf National of the year in Augusta, GA. Many are wondering what Tiger Woods will do in his comeback this year. Plus, San Antonio has many attractions like the Riverwalk, our missions, our water parks, and of course our San Antonio Spurs. San Antonio recently just hosted the NCAA Final Four with those Villanova Wildcats winning it all again this year.
So How is the Market doing in San Antonio these days? The month of February 2018 had a total sales for single family residence at 2012, which was a 3 percent increase over 2017. The average sales price was $247,307, a 6 percent increase for this time last year, and the median prices for homes was $215,000, also a 6 percent increase over 2o017.
Those homes that sold for $199,000 and below made up 44 percent, those in the $200,000 to $499,000 price range came in at 51.34 percent, and those that sold for $500,000 and up made up the rest at 4.57 percent. Days on the market were 69, compared to 64 last year this time, and the average price per square foot was $116, which is also an increase from last year.
For those in the rental market, the average rental price was $1397. The rental market has been just as hot as the single family homes, and condos in San Antonio.
What does all this mean to the buyers and sellers in this market? Sellers are still experiencing a favorable market with 97 percent of the homes being sold at listed price. Although inventory is around 3.3 months, buyers are still seeing steady flow of new listings come on the market. Yes, buyers may find themselves in a multiple offer situation, but persistence will help them find available homes that meet their needs. Gilbert Gonzalez, SABOR’s Interim CEO said it this way. “With people continually moving into the city for jobs, including our military and medical personnel, there is always a market for both buyers and sellers at many different price points.”
If you have been waiting on spring to place your home on the market, now is a great time to contact Jerry at 210-789-4216 to find out How Much Your Home is Worth in the Greater San Antonio area. Some spring cleaning on the interior and exterior of your home will certainly attract more buyers, and help your home sell faster in our present market.