MARKET REPORT 2018 UPDATE
A message from
J KUPER
BROKER & OWNER, KUPER SOTHEBY’S INTERNATIONAL REALTY
On behalf of all of us at Kuper Sotheby’s International Realty, it is my pleasure to provide you with our 2018 Market Update, exploring the market from January through April of this year. For over forty-five years our firm has played a pivotal role in the real estate landscape in Central and South Texas with over $20B in sales volume to date. We want our experience and success to be to your benefit not only when we represent you in a real estate transaction but also when you need insight into the real estate market. The strength of the San Antonio and Hill Country markets (including New Braunfels and Boerne) continued the trend of 2017 in the first part of 2018. A strong job market and continued population growth spurred growth year over year. With the number of sales increasing at an average of 4%, San Antonio is out-pacing the state of Texas, which overall saw relatively modest growth in the number of sales. New home construction continues to fuel robust market conditions and with the increase in housing material costs, prices should continue to rise. As interest rates creep up, buyers will again race to compete for the best homes and multiple offers will likely give sellers a strong negotiating platform. I hope this market report helps give you greater insight into the exciting things happening in our region. If we can be of any assistance during your next purchase or sale of property, it would be our pleasure to be a resource for you. Sincerely,
2018 COMPANY-WIDE STATISTICS (JANUARY-APRIL)
$480M
800
$600K
SALES VOLUME
TRANSACTIONS
AVG. TRANSACTION PRICE
2018 CITY STATISTICS (JANUARY-APRIL) CITY San Antonio Boerne New Braunfels
AVG. SALES PRICE
AVG. DAYS ON MARKET
# OF SALES ($0-500K) # OF SALES ($500K-$1M)
# OF SALES ($1M+)
$256K $412K $313K
71 days 105 days 82 days
6,255 homes 208 homes 480 homes
30 homes 6 homes 2 homes
284 homes 51 homes 54 homes
2018 NEIGHBORHOOD STATISTICS (JANUARY-APRIL) NEIGHBORHOOD Alamo Heights Alamo Ranch Castle Hills Champions Ridge Cordillera Ranch Deerfield Downtown Elm Creek Fair Oaks Ranch Greystone Helotes Hill Country Village Hollywood Park Inwood King William Lavaca Lincoln Heights Mahncke Park Monte Vista Oak Park/Northwood Oakwell Farms Olmos Park Rogers Ranch Shavano Park Stone Oak Summerglen Terrell Heights Terrell Hills The Dominion Timberwood Park Tobin Hill
YTD SALES
AVG. SALES PRICE
AVG. DAYS ON MARKET
AVG. SOLD PRICE/SQUARE FOOT
33 homes 125 homes 12 homes 4 homes 13 homes 16 homes 9 homes 12 homes 43 homes 4 homes 164 homes 3 homes 16 homes 31 homes 5 homes 8 homes 5 homes 3 homes 15 homes 39 homes 11 homes 12 homes 25 homes 9 homes 196 homes 7 homes 14 homes 25 homes 23 homes 44 homes 11 homes
$693K $280K $385K $725K $916K $411K $529K $456K $470K $958K $311K $905K $381K $429K $421K $346K $913K $356K $696K $382K $390K $671K $458K $681K $327K $571K $306K $721K $707K $378K $387K
113 days 85 days 33 days 81 days 142 days 40 days 154 days 75 days 63 days 138 days 75 days 195 days 71 days 73 days 64 days 82 days 140 days 68 days 90 days 78 days 124 days 133 days 48 days 108 days 90 days 119 days 57 days 101 days 120 days 79 days 75 days
$242/ sq. ft. $110/ sq. ft. $134/ sq. ft. $177/ sq. ft. $217/ sq. ft. $129/ sq. ft. $292/ sq. ft. $148/ sq. ft. $147/ sq. ft. $179/ sq. ft. $119/ sq. ft. $215/ sq. ft. $148/ sq. ft. $138/ sq. ft. $253/ sq. ft. $209/ sq. ft. $234/ sq. ft. $200/ sq. ft. $232/ sq. ft. $163/ sq. ft. $152/ sq. ft. $249/ sq. ft. $143/ sq. ft. $169/ sq. ft. $119/ sq. ft. $133/ sq. ft. $203/ sq. ft. $242/ sq. ft. $183/ sq. ft. $136/ sq. ft. $252/ sq. ft.
Kuper Sotheby’s International Realty is an RBFCU company. © MMXVII Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks licensed to Sotheby’s International Realty Affiliates LLC. Kuper Sotheby’s International Realty is a subsidiary of RBFCU Services LLC. RBFCU Services LLC is affiliated with Randolph-Brooks Federal Credit Union (RBFCU). An Equal Opportunity Company. Equal Housing Opportunity. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Representations are based in whole or in part on available data supplied by the San Antonio Board of Realtors or its Multiple Listing Service. Neither The Board nor its MLS guarantees or is in any way responsible for its accuracy. Any market data maintained by The Board or its MLS does not necessarily include information on listings not published at the request of the seller, listings of brokers who are not members of The Board or MLS, unlisted properties, rental properties, etc. All information deemed reliable but not guaranteed.