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Overall vital signs of San Antonio’s housing market remain healthy…

by admin on February 27, 2012

Tricia Lynn Silva

Reporter/Project Coordinator – San Antonio Business Journal

It was a bit of a mixed-bag, but officials remain optimistic about the recent figures for San Antonio’s housing market.

A total of 991 home sales were reported for January 2012 — marking a 5 percent increase from the 948 home sales recorded the previous January, according to the latest analysis by the San Antonio Board of Realtors San Antonio Board of Realtors Latest from The Business Journals San Antonio’s housing market showing ‘permanence,’ study finds San Antonio housing prices, sales, reflect winter malaiseSitterle earns top honor from San Antonio homebuilder organization Follow this company (SABOR).

“A 5 percent increase in sales shows the steadiness of the San Antonio market,” observes Angela Shields, president and CEO of SABOR.

But prices — both the average and the median home price — were down. At the end of January 2012, the average price of a home in San Antonio stood at $174,789 — marking a three percent decline from the average price posted at the end of January 2011.

The median home price currently stands at $141,200 — representing a 4 percent decrease from the median home price posted at the end of January 2011.

Liza Reyes, 2012 Chairman of the Board for SABOR, says that the decreases are “nothing to be alarmed about.”

“Slight fluctuations are very common to the San Antonio market,” she adds. “San Antonio is known for being a healthy market, and any healthy market will reflect little ups and downs. It is very natural.”

“With the expected job growth coming from (employers like) Boeing Boeing Latest from The Business Journals Boeing signs leasing deal with Volotea airlinesMAG sells first composite tape-laying system to ChinaDelta gears up for full flat-beds on 747-400 Follow this company and the Eagle Ford Shale (oil and gas play) in 2012, and San Antonio’s affordable home prices, SABOR is anxious to see the many benefits the housing market will most likely yield in the upcoming spring season,” Shields adds.

The market does seem to be off to a strong start. Locally based Bella Vista Homes, for example, has announced several new housing communities in the greater San Antonio market — including Northeast Crossing and Escondido Meadows on the city’s Northeast Side. Also under way by the builder are new communities in outlying areas — such as Saddle Creek Ranch in Cibolo and Rivermill Crossing in New Braunfels.

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