Forum Replies Created
- Nigel Kibel wrote:I have been involved in the San Antonio property market since 2005. I even ran a real estate firm there in 2006. In the top 10 predicted cities all 4 cities in Texas are in the top 10 with Austin at number 1 and San Antonio at number 4. Both cities are 110 km apart. Why buy in bad areas when you can invest in a safe market. <moderator: delete advertising>
Hi Nigel
LUCKY YOU !!! I love San Antonio … I have never been there,but, whatever new thing I learn about the place makes it even easier to love it even more
I am 'green' in property investment, and I need all the information I can get, so I appreciate your helping me to learn what I need to know to do it well …. thank you
(There's a few other treasures I've come across who I look forward to chatting with too ~ give yourselves a pat guys … you know who you are !!!) lolI'm specifically interested in foreclosures for the simple reason of cost savings; but I can't find a data base that give statistics … can you also help me with that?
Can I ask why you opted out of the r/e firm ?
Thanks again, and I hope it's a happy day for you
Margmorpheusbushy wrote:Perthgurl65 wrote:Arrrghhh … you mean I have to do my OWN ??? lol
Actually, I have already begun and San Antonio is where my heart is
)))Marg
Great, share your research!
Ok … here is some info that I've come across so far that has been appealling to me. I am so flat out with other things atm(and it's 2am) that I haven't analysed it too well yet, and I haven't written anything about the demographics …. next time !!!
Darn … the data charts at the bottom are going to change their format once I save this post …. not too hard to work out the info tho (it's my favourite part of my research) Having a bit of trouble finding statistics for foreclosures … any assistance would be much appreciated
Here goes … hope I'm not rambling on too much; and I hope you enjoy the info as I haveSan Antonio is expected to be one of the Next Big Boom Towns In The U.S.
According to Forbes mag of 6 July 2011 " Many of our top performers are not surprising…. No. 1 Austin, Texas …Of course, Texas metropolitan areas feature prominently on our list of future boom towns, including No. 4 San Antonio, No. 5 Houston and No. 7 Dallas, which over the past years boasted the biggest jump in new jobs, over 83,000. Aided by relatively low housing prices and buoyant economies, these Lone Star cities have become major hubs for jobs and families".“In San Antonio, the homes for sale inventory has decreased markedly. That means less competition for sellers and fewer opportunities for buyers.
Also, 2011 has seen the return of the area's typical 2% to 3% home value appreciation rate. That means sellers are less likely to consider low ball offers and more likely to expect a sales prices that are closer to their asking prices. Consequently, in the near term, buyers can expect to encounter less seller flexibility and harder negotiations.
Why is San Antonio's realty market so much better than most of the Nation's other large cities? Clearly, San Antonio has weathered the late great recession very well. The area's past economic and demographic trends and its long term projections reflect a large and vibrant metropolitan area with a strong, stable, and growth oriented personality”. ~ Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas1st Quarter, 2011 Housing Statistics: San Antonio, Texas
HOUSING MARKET FORECAST
Trend Forecast: UP
Forecast Accuracy: 75%
ForecastChart.com publishes forecasts for the trend in the annual appreciation
rate of home prices in 380 Metropolitan Statistical Areas. The House Price
Trend will be either UP or DOWN. The forecast for the trend in the San Antonio
housing market for the 12 months ending with the 1st Quarter of 2012 is UP.
The Accuracy of the Trend Forecast for San Antonio is 75%. In other words,
when tested against historical data, the forecasting methodology was correct
75% of the time. Accordingly, ForecastChart.com estimates that the probability
for rising house prices in San Antonio is 75%. If this Housing Market Forecast is
correct, home prices will be higher in the 1st Quarter of 2012 than they were in
the 1st Quarter of 2011.MARKET SUMMARY
1st Quarter, 2011 Housing Data: San Antonio, Texas
Historical Home Price Appreciation
Last Quarter -0.36%
Last Year 0.4%
Last 5 Years 12%
Last 10 Years 45%
Last 20 Years 106%
Decline From All Time High 2.42%Annual Home Price Appreciation Rates
1981 38.69%
1982 -15.49%
1984 14.42%
1985 -8.21%
1993 6.41%
1994 0.09%
2007 6.56%
2008 -1.31%
2009 0.47%
2010 0.29%Real Estate Appreciation, Rank & Percentile
Last Quarter -0.36% Rank: 52 of 381 (86th Percentile)
Last Year . . . . . . . . . . . . . . . . 0.4% Rank: 66 of 381 (82nd Percentile)
Last 5 Years 12% Rank: 25 of 381 (93rd Percentile)
Last 10 Years . . . . . . . . . . . . 45% Rank: 84 of 381 (78th Percentile)
Last 20 Years 106% Rank: 113 of 346 (67th Percentile)
Decline From All Time High 2.42%
San Antonio appreciated -0.36% in the Last Quarter. At that rate, the San Antonio Real Estate Market was ranked
52nd out of 381 metropolitan areas for Real Estate Appreciation. San Antonio was in the 86th percentile. So San Antonio, TX performed better in the Last Quarter than 86% of the 381 metropolitan areas covered in ForecastChart.com.MARKET HIGHLIGHTS
1st Quarter, 2011 Housing Statistics: San Antonio, Texas
The all time high in the San Antonio Home Price Index was 178.1 in the 1st Quarter, of 2009.
The 1st Quarter, 2011 index value was 173.8. That's a decline of 4.31 points or 2.42% below the San Antonio Home Price Index all time high. The Home Price Index indicates that the San Antonio Market is up 45% over the last 10 years. Home prices in the San Antonio Real Estate Market have gained 0.45% over the last 12 months. Over the last thirty years, it is up 119%San Antonio, TX Market Statistics and Real Estate Trends at 01 August 2011
San Antonio, TX August 1, 2011
– San Antonio's home resale inventories decreased slightly, with a 1 percent decrease since July 2011. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in August. The median listing price in San Antonio stayed the same from July to August. There were a total of 146 price increases and 1856 price decreases.
San Antonio, TX Market Snapshots
All Homes
? ? Today
1 Month Ago
6 Months Ago
1 Year Ago
2 Years Ago
Total Inventory
7759
7833 1%
7365 -5%
8439 9%
–
Median List Price
$163,000
$162,500
$149,500 -8%
$158,600 -3%
–
Median Days
on Market75
73 -3%
96 28%
75
–
Median House Size
2012
2008
1894 -6%
1948 -3%
–
Median Price
Per Sq. Ft.$83
$83
$81 -2%
$83
–
San Antonio, TX Market Data Chart
All Homes
? ? 9/10
10/10
11/10
12/10
1/11
2/11
3/11
4/11
5/11
6/11
7/11
8/11
Price Reductions
1883
1751
1340
1166
1412
1413
1732
1755
1849
2014
1856
451
Number of
New Listings1797
1756
1383
1443
1725
1645
2205
2198
2099
2043
2045
445
Listings
Sold/Expired2241
2210
1678
1986
1939
1767
2248
2163
2192
2264
2251
496
morpheusbushy wrote:Sorry, don't have any.Arrrghhh … you mean I have to do my OWN ??? lol
Actually, I have already begun and San Antonio is where my heart is
)))Marg
morpheusbushy wrote:Dallas, Texas I've started to do a more in depth write up of the cities i've listed above. It's mostly a copy and paste job from various websites – it look a long time to put together but i'm happy to share and hopefully someone will find some use from it. General Overview Population centre: 1.2 million Population greater metro area: 6.5 million State population: 25.1 million Counties: Dallas, Collin, Denton, Rockwall, Kaufman Average annual income per capita: $40,147 Average annual income per family: $42,670 Current unemployment rate: 8.1% Background of Texas: Refer to blog Background of Dallas: Refer to blog Economy background: Refer to blog Public transportation: From airport – Catch the Monday to Saturday Trinity Railway Express to downtown Union Station ($2.25). The airport stop is actually in a parking lot; shuttle bus will take you direct to the terminal. On Sundays when there is no train, take a shuttle; Yellow Checker Shuttle and SuperShuttle run shuttles from DFW to downtown for around $18. Taxi to central will cost between $40 to $50. Around the city – DART (www.dart.org) operates buses and an extensive light rail system that connects Union Station and other stops downtown with outlying areas. Day passes ($4.50) are available from the store at the Akard Station (1401 Pacific Ave; 7.30 – 5.30pm Mon-Fri). Travel uptown from down on the free McKinney Ave trolley, which runs daily from the corner of Ross Ave and St Paul St, near the Dallas Museum of Art, up McKinney Ave to Hall St. — Property Analysis Median house price: $128,200 Zillow home value index: $89,200 Trulia home value index: $80, 620 Background/Summary: (provided direct from Trulia) The median sales price for homes in Dallas TX for Feb 11 to Apr 11 was $80,620. This represents a decline of 1.1%, or $871, compared to the prior quarter and an increase of 0.8% compared to the prior year. Sales prices have appreciated 19.4% over the last 5 years in Dallas. The average listing price for Dallas homes for sale on Trulia was $471,217 for the week ending May 11, which represents an increase of 0.7%, or $3,478, compared to the prior week and an increase of 1%, or $4,891, compared to the week ending Apr 20. Average price per square foot for Dallas TX was $69, an increase of 3% compared to the same period last year. Popular neighborhoods in Dallas include Preston Hollow, Oak Lawn, North Dallas, Far North Dallas, Lakewood, and Lake Highlands. – In Dallas the housing market has been as uncomfortable as Texas weather. Gains in home values produced by the federal credit didn’t have any lasting power. Home sales turned sluggish after the expiration and homeowners became increasing concerned over the economy. A rising supply of foreclosed homes hitting the market coupled with short sales is also taking their toll as the Dallas-Forth Worth area experienced record foreclosures. A back-log of inventory and more mortgage holders walking away from homes in the New Year will have an enormous impact on the market even with comparatively high employment levels. ??Consumers who drive the Dallas market are waiting for better economic signs before taking a leap to make a purchase in to make a purchase in most cases, which will act to keep the market sluggish and add to the time it will take the market to heal. Dallas is forecast to see sluggish home sales in 2011 on 3.4% average housing deflation. Dallas suburb report: Refer to blog Dallas homes and real estate data: Refer to blog Sources: Wikipedia, Lonely Planet, Zillow, Trulia, US Market Outlook, First National, Re/Max, Propertywire For my full write up please visit http://www.myusapropertynightmare.wordpress.comHi …… Would really appreciate any info you can pass on to us about investing in San Antonio
I couldn't have worded it better myself, LLCW
Hi everyone
Thank you for the info.
What I would like to say is that I have character references about the people in IIPG, and it's great. So I have absolutely no dramas with handing my cash to these guys and leaving it with them based on that.So, I just need to know that they are doing the work right. What all property management groups are SUPPOSED to offer.
Firstly, I'm new at anything 'property', so I don't even know what a PMG is supposed to offer, or what cost is acceptable.What I do know however, is what I have researched about Texas, and whether I should be purchasing foreclosures there …. and I can tell you without a doubt ~ THAT'S where my money will go if anywhere.
IIPG specialise in foreclosures in Texas …. perfect, as far as I can see; but now I need a little more than a guideline as to what I'm wanting from them….. I want step by step instructions because this is MY money we're talking about.
So as I've already mentioned …. AAA+++ rating for these guys based on character …. now where do I go to find out how they rate on the market ?
Thanks again for the information you've already provided
Margaret
