Sales gains for lowcost homes in San Antonio

February 12, 2010

Low priced homes made real market gains over 2008.  Large positive changes occurred in the under $30,000 and $30-$39,999 price ranges.  These were double digit gains in number of sales.  There was also a 4 percent increase in number of sales for homes between $180,000 and $199,999.  Two other categories showed positive increases, but those sales changes were under one percent, which translates to one home sale making a difference.

Price Range Percent Distribution # of Sales
2008 2009* 2008 2009* Change
$29,999 or less 2.3 2.7 446 504 12.92%
30,000 - 39,999 1.7 2 330 373 13.17%
40,000 - 49,999 2 2 388 373 -3.81%
50,000 - 59,999 2.2 2.3 427 429 0.57%
60,000 - 69,999 2.7 2.6 523 485 -7.37%
70,000 - 79,999 3.6 2.9 698 541 -22.51%
80,000 - 89,999 4.5 4 872 746 -14.49%
90,000 - 99,999 4.4 4.2 853 783 -8.18%
Under 100k 23.4 22.7 4,537 4,233 -6.68%
100k - 119,999 9.7 10.1 1,881 1,884 0.16%
120k - 139,999 12.1 12.3 2,346 2,294 -2.22%
140k - 159,999 11.4 11.4 2,210 2,126 -3.81%
100k - 160k 33.2 33.8 6,436 6,303 -2.07%
160k - 179,999 8.8 8.6 1,706 1,604 -5.99%
180k - 199,999 6 6.5 1,163 1,212 4.21%
200k - 249,999 10.2 10 1,977 1,865 -5.69%
250k - 299,999 6.3 6.4 1,221 1,194 -2.28%
300k - 399,999 6.3 6.1 1,221 1,138 -6.86%
400k - 499,999 2.6 2.5 504 466 -7.51%
500k and more 3.2 2.8 620 522 -15.83%

The homes priced between $100,000 and $160,000 did not have positive changes in numbers of sales, but did represent more of a share of the market than those categories did in 2008.

Slow gains are still gains for December 2009 San Antonio Real Estate Market

February 5, 2010

There were 1396 homes sold in December 2009 in San Antonio.  This is 6 percent more than sold in last year’s counterpart, when 1311 were sold.  It is the third month in a row of positive one year gains, ends the year on a positive note, and caps a six month stretch of net gains despite being 17 percent below the 1689 homes sold in December 2007.

Year Month Sales 1 year % Change 2 year % Change Mean Price 1 year % change Median Price 1 year % Change Active Listings 1 year % Change Months of Inventory
2007 Dec 1,689 181,600 148,500 11,843 7.011
2008 Jan 1,235 -0.13 171,500 0.01 140,400 -0.01 12,368 0.28 10.014
2008 Feb 1,546 -0.09 170,600 -0.03 143,000 0 12,631 0.22 8.17
2008 Mar 1,723 -0.19 179,900 0.04 147,900 0.02 13,091 0.21 7.597
2008 Apr 1,744 -0.17 185,100 0.03 152,300 0.05 13,479 0.17 7.728
2008 May 1,909 -0.23 186,800 0.04 151,700 0.03 13,640 0.11 7.145
2008 Jun 2,096 -0.14 193,600 0 157,800 0 13,871 0.09 6.617
2008 Jul 1,890 -0.2 185,500 0 153,400 0.01 14,088 0.09 7.453
2008 Aug 1,799 -0.25 184,500 -0.01 150,200 -0.01 13,814 0.07 7.678
2008 Sep 1,655 -0.12 176,800 -0.01 144,500 -0.01 13,618 0.06 8.228
2008 Oct 1,423 -0.17 184,500 0.07 144,300 0 13,541 0.03 9.515
2008 Nov 1,040 -0.35 178,900 0.02 142,600 -0.02 13,137 0.04 12.631
2008 Dec 1,311 -0.22 177,700 -0.02 141,500 -0.05 12,281 0.04 9.367
2009 Jan 859 -0.3 -0.4 184,800 0.08 145,900 0.04 12,349 0 14.376
2009 Feb 1,156 -0.25 -0.32 175,000 0.03 142,300 0 12,622 0 10.918
2009 Mar 1,372 -0.2 -0.36 172,000 -0.04 143,800 -0.03 12,807 -0.02 9.334
2009 Apr 1,499 -0.14 -0.29 180,900 -0.02 148,000 -0.03 12,690 -0.06 8.465
2009 May 1,667 -0.13 -0.33 184,000 -0.01 151,600 0 12,601 -0.08 7.559
2009 Jun 1,953 -0.07 -0.2 189,400 -0.02 156,100 -0.01 12,516 -0.1 6.408
2009 Jul 2,042 0.08 -0.14 186,100 0 158,500 0.03 12,413 -0.12 6.078
2009 Aug 1,801 0 -0.25 180,200 -0.02 147,900 -0.02 12,224 -0.12 6.787
2009 Sep 1,608 -0.03 -0.15 173,600 -0.02 146,400 0.01 11,865 -0.13 7.378
2009 Oct 1,739 0.22 0.01 167,100 -0.09 138,700 -0.04 11,583 -0.14 6.66
2009 Nov 1,557 0.5 -0.02 169,600 -0.05 140,100 -0.02 11,506 -0.12 7.389
2009 Dec 1,396 0.06 -0.17 180,000 0.01 146,600 0.04 11,150 -0.09 7.987
Year Month Sales 1 Yr Change 2 Yr Change Average Price % Price Change Median Price % 1 Yr Change Active Listings % 1 Yr Change Months of Inventory

Prices are up, but not significantly.  The average and median prices were up 1 and 4 percent respectively.  December’s $180,000 pulled ahead of December 2008’s $177,700.  The median price of $146,600 was a little more ahead of last December’s $141,500.

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