Monday, April 3, 2017

Monday San Antonio Real Estate Things

According to SABOR data, the standard single family home market and the ultra luxury home market are completely opposite right now.

For the 99% of greater San Antonio area homes that sell for less than $1,000,000, the number of sales are down but the sales prices are up. For million dollar homes the number of sales are up but prices are down.
The number of million dollar sales is up but the sales prices are down

The number of sales of all single family homes fell 17% in the greater San Antonio area in March compared to March 2016. The sales price of single family homes in March 2017 increased 7.2% compared to March 2016.

First Quarter million dollar and up sales in the greater San Antonio area:
Q1 2017 vs. 2016 - Number of million dollar sales are up 40%
Q1 2017 vs. 2016 - Average million dollar plus sales price has decreased 6.3%
Q1 2016 - 26 sales at an average sale of $1,499,250
Q1 2017 - 39 sales at an average of $1,408,247

Joshua Fletcher writes in the Express-News about the growing controversy about owners renting their property short term through Airbnb

Colleen Casey with Phyllis Browning Co. has a beautiful new listing in historic Monte Vista

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