San Antonio Shows the Signs of a Healthy Market in 2012
Posted by Randy Watson on Tuesday, February 21st, 2012 at 3:40pm.
San Antonio Board of REALTORS January 2012 Sales Statistics
A five percent increase in sales shows the steadiness of the San Antonio market,” said Angela Shields, President and Chief Executive Officer of SABOR.
January 2012’s average sales price for single-family residential homes registered at $174,789 while the month’s median price was $141,200.
“This month, we saw a slight decrease in both the average and median sales price, but nothing to be alarmed about,” said Liza Reyes, SABOR’s 2012 Chairman of the Board. “Slight fluctuations are very common to the San Antonio market. San Antonio is known for being a healthy market and any healthy market will reflect little ups and downs, it is very natural.”
According to recent Newsweek comparison of the 200 largest U.S. cities, San Antonio was ranked third for its strong scores in business development; transportation and infrastructure; sustainability; and livability. This ranking comes just on the heels of the Boeing and Eagle Ford Shale’s announcements for plans to create more jobs in San Antonio within the next three years. The economic impact from Boeing alone to San Antonio is over $500 million dollars annually. Shields is optimistic. “It is easy to see why San Antonio is such a great place to live. With the expected job growth coming in from Boeing and Eagle Ford Shale 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.”
Market data is compiled from the San Antonio Board of REALTORS® Multiple Listing Service report. The San Antonio Board of REALTORS® is the largest professional trade organization in San Antonio and represents over 7,000 REALTOR® members. SABOR is one of over 1,600 local boards and 54 state and territory organizations of REALTORS® nationwide that make up the National Association of REALTORS® (NAR).
Please visit SABOR.com for more information
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