SABOR: San Antonio Market Statistics
Another great month to end a great year according to the latest release from the San Antonio Board of Realtors. Records were broken, sales prices are up and the new year began with promise!
Record Homes Sales!
There were 27,154 homes sold in 2015 in the San Antonio area – breaking the record in 2006 by 985 sales! And that doesn’t count the 1,401 pending sales that carried into January.
Prices Are Up
Median and Average prices were up six and seven percent respectively over 2014. The average price per square foot increased 5% to $106 since 2014.
Something for Everyone
Market sales breakdown:
Under $200K 52.9%
$200k-$500K – 42.26%
Over 500K – 4.77%
“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 areas, there really is something for everyone in this market,” said Bob Jacobs, SABOR’s 2016 Chairman of the Board. “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.”
Good News for Sellers
Sellers had an amazing month with increased home values and decreased days on the market. Average days on the market was only 60 days compared to last year’s 70 days. Not bad for the off season!