MARKET REPORT 2017 IN REVIEW
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 2017 in Review Market Report. 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. Today, we have over three hundred of the most talented and experienced real estate professionals in the industry selling residential and ranch property all over the state of Texas. 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 San Antonio and Hill Country markets, which include New Braunfels and Boerne, saw another strong year of real estate in 2017. The strength of this area continues to be its stability and 2017 was no different. The total number of sales in the San Antonio multiple listing service was up 4% over 2016 and the average transaction price also increased 4% to a new high of $250,251. With thousands of new homes slated to be built north of San Antonio along IH10, 281, and I-35, the positive growth should continue into 2018 and beyond. 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,
OUR RESULTS
COMPANY-WIDE STATISTICS
$1.7B
3,000
$546K
11.5%
2017 SALES VOLUME
2017 TRANSACTIONS
AVG. TRANSACTION PRICE
IN-HOUSE DEALS
300
10
$18.5M
$21.7M
SKILLED AGENTS
OFFICES IN OUR REGION
HOUSTON LARGEST SALE
AUSTIN LARGEST SALE
(LIST PRICE)
(SOLD PRICE)
SAN ANTONIO STATISTICS 34% // HIGHEST SALES VOLUME GROWTH AMONG TOP 5 BROKERS $418K // HIGHEST AVERAGE TRANSACTION PRICE AMONG TOP 5 BROKERS $5.59M // HIGHEST SALES VOLUME PER PRODUCING AGENT AMONG TOP 5 BROKERS
*ALL DATA FROM SABOR MLS
2017 CITY STATISTICS CITY San Antonio Area New Braunfels Boerne
2017 SALES
2012 SALES
5-YR GROWTH
AVG. SALES PRICE
AVG. DAYS ON MARKET
MONTHS OF INVENTORY
30,715 1,749 957
20,034 822 542
53.3% 112.8% 76.6%
$250,251 $301,139 $424,501
57 days 82 days 94 days
3.1 months 3.7 months 4.8 months
2017 NEIGHBORHOOD STATISTICS NEIGHBORHOOD Alamo Heights Alamo Ranch Anaqua Springs Castle Hills Cibolo Cordillera Ranch Deerfield Elm Creek Fair Oaks Ranch Hollywood Park Inwood King William Lavaca Monte Vista Oakwell Farms Olmos Park Rogers Ranch Shavano Park Stone Oak Terrell Hills The Dominion Timberwood Park
2017 SALES
AVG. SALES PRICE
AVG. DAYS ON MARKET
AVG. SOLD PRICE/SQUARE FOOT
143 331 9 75 197 43 71 30 175 57 49 32 33 57 33 66 113 49 209 80 86 129
$585,359 $276,609 $1,229,822 $301,795 $313,370 $1,000,174 $405,520 $521,950 $460,467 $357,951 $383,327 $456,487 $309,658 $532,369 $416,256 $487,465 $454,623 $613,712 $329,338 $703,498 $724,808 $343,168
90 days 89 days 218 days 51 days 72 days 147 days 53 days 140 days 97 days 54 days 49 days 107 days 100 days 62 days 98 days 116 days 81 days 90 days 69 days 82 days 141 days 66 days
$244/ sq. ft. $108/ sq. ft. $238/ sq. ft. $129/ sq. ft. $123/ sq. ft. $232/ sq. ft. $137/ sq. ft. $161/ sq. ft. $147/ sq. ft. $150/ sq. ft. $128/ sq. ft. $225/ sq. ft. $216/ sq. ft. $222/ sq. ft. $162/ sq. ft. $211/ sq. ft. $141/ sq. ft. $175/ sq. ft. $121/ sq. ft. $224/ sq. ft. $188/ sq. ft. $138/ sq. ft.
2017 PRICE RANGE STATISTICS PRICE RANGE $0K-$250K $250K-$500K $500K-$750K $750K-$1.5M $1.5M+
2017 SALES
2016 SALES
1-YR GROWTH
MARKET SHARE
19,670 9,659 1,165 408 45
19,674 8,713 1,080 316 45
-0.20% 10.86% 7.87% 29.11% 0.00%
64.05% 31.45% 3.79% 1.33% 0.15%
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.