The San Antonio Real Estate Market Has the Lowest Sales Since January 2004
January 7, 2009
| Year | Month |
Sales |
% 1 Year Change | % 2 Year Change | Average Price | % 1 Year Change2 | Median Price | % 1 Year Change | Total Listings |
|
2006 |
Jan |
1,420 |
$156,900 |
$130,400 |
7,905 |
||||
|
2006 |
Feb |
1,705 |
$156,800 |
$130,400 |
7,846 |
||||
|
2006 |
Mar |
2,354 |
$162,500 |
$135,900 |
8,134 |
||||
|
2006 |
Apr |
2,070 |
$163,300 |
$135,800 |
8,238 |
||||
|
2006 |
May |
2,557 |
$172,100 |
$140,800 |
8,397 |
||||
|
2006 |
Jun |
2,812 |
$177,700 |
$147,500 |
8,447 |
||||
|
2006 |
Jul |
2,568 |
$178,800 |
$146,100 |
8,675 |
||||
|
2006 |
Aug |
2,547 |
$172,300 |
$143,300 |
8,889 |
||||
|
2006 |
Sep |
2,245 |
$167,300 |
$139,100 |
9,169 |
||||
|
2006 |
Oct |
1,960 |
$168,900 |
$137,900 |
9,563 |
||||
|
2006 |
Nov |
1,919 |
$168,500 |
$141,700 |
9,431 |
||||
|
2006 |
Dec |
2,012 |
$177,400 |
$147,500 |
9,101 |
||||
|
2007 |
Jan |
1,421 |
0.07% |
$169,200 |
7.84% |
$142,400 |
9.20% |
9,696 |
|
|
2007 |
Feb |
1,701 |
-0.23% |
$175,800 |
12.12% |
$143,100 |
9.74% |
10,388 |
|
|
2007 |
Mar |
2,139 |
-9.13% |
$173,800 |
6.95% |
$145,700 |
7.21% |
10,785 |
|
|
2007 |
Apr |
2,107 |
1.79% |
$180,400 |
10.47% |
$145,000 |
6.77% |
11,563 |
|
|
2007 |
May |
2,478 |
-3.09% |
$180,400 |
4.82% |
$147,200 |
4.55% |
12,256 |
|
|
2007 |
Jun |
2,443 |
-13.12% |
$193,200 |
8.72% |
$157,200 |
6.58% |
12,718 |
|
|
2007 |
Jul |
2,372 |
-7.63% |
$184,700 |
3.30% |
$152,300 |
4.24% |
12,946 |
|
|
2007 |
Aug |
2,409 |
-5.42% |
$186,800 |
8.42% |
$151,500 |
5.72% |
12,857 |
|
|
2007 |
Sep |
1,885 |
-16.04% |
$178,100 |
6.46% |
$146,600 |
5.39% |
12,884 |
|
|
2007 |
Oct |
1,722 |
-12.14% |
$172,300 |
2.01% |
$144,400 |
4.71% |
13,103 |
|
|
2007 |
Nov |
1,591 |
-17.09% |
$176,000 |
4.45% |
$145,000 |
2.33% |
12,578 |
|
|
2007 |
Dec |
1,688 |
-16.10% |
$181,700 |
2.42% |
$148,600 |
0.75% |
11,843 |
|
|
2008 |
Jan |
1,235 |
-13.09% |
-13.03% |
$171,500 |
1.36% |
$140,400 |
-1.40% |
12,368 |
|
2008 |
Feb |
1,545 |
-9.17% |
-9.38% |
$170,600 |
-2.96% |
$142,900 |
-0.14% |
12,631 |
|
2008 |
Mar |
1,723 |
-19.45% |
-26.81% |
$179,900 |
3.51% |
$147,900 |
1.51% |
13,091 |
|
2008 |
Apr |
1,744 |
-17.23% |
-15.75% |
$185,100 |
2.61% |
$152,300 |
5.03% |
13,479 |
|
2008 |
May |
1,909 |
-22.96% |
-25.34% |
$186,800 |
3.55% |
$151,700 |
3.06% |
13,640 |
|
2008 |
Jun |
2,093 |
-14.33% |
-25.57% |
$193,600 |
0.21% |
$157,800 |
0.38% |
13,871 |
|
2008 |
Jul |
1,888 |
-20.40% |
-26.48% |
$184,700 |
0.00% |
$153,300 |
0.66% |
14,088 |
|
2008 |
Aug |
1,792 |
-25.61% |
-29.64% |
$184,600 |
-1.18% |
$150,300 |
-0.79% |
13,814 |
|
2008 |
Sep |
1,649 |
-12.52% |
-26.55% |
$177,000 |
-0.62% |
$144,400 |
-1.50% |
13,618 |
|
2008 |
Oct |
1,396 |
-18.93% |
-28.78% |
$185,300 |
7.54% |
$144,000 |
-0.28% |
13,541 |
|
2008 |
Nov |
1,064 |
-33.12% |
-44.55% |
$177,300 |
0.74% |
$140,600 |
-3.03% |
13,137 |
San Antonio has seen declining sales since May 2007. The largest one year decline occurred in November 2008. The number of homes sold dropped to 1064 from 1591 in November 2007, or 33.12 percent. November was also the largest drop looking at two-year differences. November 2008 saw 44.55 percent less sales than November 2006. Every month was at least 9.4 percent lower than its 2006 counterpart, though the average loss was 24.72 percent.
Mean home prices are about where they were last November, actually up about a quarter of a percent to $177,300, but the median home price dropped by 3.03 percent to $140,600. By breaking down the sales into price categories, one can see the number of extremely low priced homes has gone up by over 50 percent, thus dragging the median down with it.
| Price Range |
Percent Distribution |
# of Sales |
|||
|
2007 |
2008 |
2007 |
2008 |
Change | |
| $29,999 or less |
1.2 |
2.4 |
287.472 |
432.912 |
50.59% |
| 30,000 - 39,999 |
1.3 |
1.6 |
311.428 |
288.608 |
-7.33% |
| 40,000 - 49,999 |
1.8 |
1.9 |
431.208 |
342.722 |
-20.52% |
| 50,000 - 59,999 |
2.3 |
2.2 |
550.988 |
396.836 |
-27.98% |
| 60,000 - 69,999 |
3 |
2.7 |
718.68 |
487.026 |
-32.23% |
| 70,000 - 79,999 |
4 |
3.6 |
958.24 |
649.368 |
-32.23% |
| 80,000 - 89,999 |
4.9 |
4.5 |
1173.844 |
811.71 |
-30.85% |
| 90,000 - 99,999 |
4.6 |
4.4 |
1101.976 |
793.672 |
-27.98% |
| Under 100k |
23.1 |
23.3 |
5533.836 |
4202.854 |
-24.05% |
| 100,000 - 119,999 |
9.5 |
9.7 |
2275.82 |
1749.686 |
-23.12% |
| 120,000 - 139,999 |
12.8 |
11.9 |
3066.368 |
2146.522 |
-30.00% |
| 140,000 - 159,999 |
11.5 |
11.5 |
2754.94 |
2074.37 |
-24.70% |
| 100-160k |
33.8 |
33.1 |
8097.128 |
5970.578 |
-26.26% |
| 160,000 - 179,999 |
9.1 |
8.8 |
2179.996 |
1587.344 |
-27.19% |
| 180,000 - 199,999 |
6.2 |
6.1 |
1485.272 |
1100.318 |
-25.92% |
| 200,000 - 249,999 |
10 |
10.3 |
2395.6 |
1857.914 |
-22.44% |
| 250,000 - 299,999 |
6.2 |
6.3 |
1485.272 |
1136.394 |
-23.49% |
| 300,000 - 399,999 |
6 |
6.3 |
1437.36 |
1136.394 |
-20.94% |
| 400,000 - 499,999 |
2.5 |
2.6 |
598.9 |
468.988 |
-21.69% |
| 500,000 and more |
3 |
3.2 |
718.68 |
577.216 |
-19.68% |
Homes priced under $29,999 increased their sales by 50.59 percent. Additionally, homes priced under $49,999 all rose in their percentage of sales, though the number of sales for all price categories drop after homes are priced above $30,000. The largest drop occurred for homes priced between $60,000 and $69,999 and those priced between $70,000 and $79,999. Both of these categories lost 32.23 percent in number of sales. Every category above $40,000, except homes above $500,000, lost at least 20 percent of sales in number. Even the category of homes priced above $500,000 lost 19.68 percent.
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