Realtor.com recently named San Antonio #19 on their list of the 20 Hottest Real Estate Markets in the U.S. for June 2015. It’s a clear indicator of how healthy the San Antonio market has been in the last few years. All signs in the real estate industry are pointing to a complete recovery from the slight decline that came with the Recession. The diversified economy is one of the main contributing factors for the market’s stability and growing demand.
Stability and Demand Are Increasing Prices
This new Realtor.com report echoes the expert opinions that were given at the end of 2015 – that San Antonio is one of the most stable markets in the country and poised for a busy year. Based on the Multi-Indicator Market Index® San Antonio was the most stable market going into 2015.
Like Austin and Houston, home prices have been on the rise in San Antonio. This is partly due to the strong jobs market and an increase in demand that is lowering the time homes spend on the market. Prices are expected to rise throughout 2015, but they won’t be as steep as the last few years.
Current Median List Prices in North Central San Antonio Will Hold Strong
North San Antonio has long been a highly desirable area of the city that has experienced significant growth and development in recent years. As of this writing Stone Oak area new homes for sale have a median list price of $306,990. Right next door in the 78257 zip code the median price is $549,900. Just to the south in 78258 the median price currently sits at $345,000. This suggests that there is opportunity for equity gain for Stone Oak real estate.
Home Sales Continue to Outpace Previous Years
So far, every month in 2015 has seen higher home sales than both 2014 and 2013. In May of 2015 2,649 homes sold across San Antonio, which is over 200 more sales than the same time last year. At this pace home sales in 2015 will likely surpass the all time high that occurred in 2006 when 26,169 homes were sold.
During this summer high season there are over 10,400 homes for sale in San Antonio. The north central region where Stately Oaks homes are located have far fewer houses on the market, however the demand in this area is high.
The most recent reports show that there are clear upward trends for San Antonio real estate in both the number of homes sold and the sale price. The most notable increases are expected in the mid-range homes of $200-500,000, which have seen an explosion of growth since 2012.
Right now could be your last opportunity to find the home of your dreams in Stately Oaks. This well-established Stone Oak neighborhood has been in high demand, and currently there are only 17 homes still available. Come by today to see why Stately Oaks is such a popular place to live.