January 2016 San Antonio Home Sales Report

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January 2016 San Antonio Home Sales Report

The Antonio Board of Realtors® (SABOR) headline says it all, “2015 a record year for home sales in San Antonio.”

According to SABOR, the total number of homes sold in the San Antonio metropolitan area in 2015 was 27,154, beating the old 2006 home sales record by 985 sales.  

The homes sales price average in 2015 was $231,976 (a 6% increase over 2014) and and the median price was $192,800 (a 7% increase over 2014).

Homes sold much faster in 2015, with days on the market decreasing 12 percent to just 60 days.

The average price per square foot for homes sold in 2015 was $106.

According to Bob Jacobs, SABOR’s 2016 Chairman of the Board, “We continue to see more and more people getting into the housing market, whether they are buying or selling, and with homes at affordable prices all around the city and surrounding area, there really is something for everyone in this market.  In fact, while the majority of homes sold are still below $200,000, we have seen a gradual shift in more homes being sold in the range between $200,000 and $500,000.”

According to Angela Shields, SABOR’s president and CEO, “Not only was this a record-breaking year in our real estate market in terms of sales, but December ended with 1,401 sales still pending as we headed into the New Year.”  

So, what does 2016 hold for people hoping to buy or sell a San Antonio home?  Barring unpredictable events, analysts predict San Antonio’s home sales market to be similar to 2015 with

  • the inventory of newly constructed and resale homes remaining unusually low,

  • pressure on the already limited homes supply increasing,

  • home list and sales prices slowly and steadily increasing,

  • average time to sell a home remaining in the 50 to 60 days range

  • the months long seller’s market continuing unabated.

That concludes our first San Antonio home sales report for 2016.

If you’re hoping to buy or sell a San Antonio area home this year, please call on Pat Acquisto, Stephanie Kelley, and Sheryl Sepulveda – award winning Realtors® of the Legacy Powerhouse Group at Keller Williams Legacy, San Antonio,(210 482-3202) or use our informative features at legacypowerhouse.com. When it comes to buying or selling residential real estate, The Powerhouse Group offers you the power of its proven performance.