The total number of homes sold in the San Antonio area reached an all-time high in 2015 with 27,154 homes sold, according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. Previously, the year with the most sales on record was 2006 in which 26,169 homes were sold. The average sales price of a home in the area in 2015 was $231,976 and the median sales price was $192,800, a six and seven percent increase respectively. Days on market in 2015 experienced a twelve percent decrease to just 60 days and price per square foot increased five percent to $106.
“We continue to see more and more people getting into the housing market, whether they are buying or selling, and with homes at affordable prices all around the city and surrounding areas, there really is something for everyone in this market,” said Bob Jacobs, SABOR’s 2016 Chairman of the Board. “In fact, while the majority of homes sold are still below $200,000, we have seen a gradual shift in more homes being sold in the range between $200,000 and $500,000.”
Homes priced under $200,000 made up 52.9 percent of the homes sold in 2015 while those priced between $200,000 and $500,000 accounted for 42.26 percent of sales. Homes priced over $500,000 made up 4.77 percent of the homes sold.
In just the city of San Antonio, a total of 12,231 single family homes were sold in 2015. This is a seven percent increase over the previous year’s sales. Of these sales, 11,569 were existing homes while 661 were new construction. The median sales price of an existing home was $165,000, a 6.5 percent year-over-year increase and the median sales price of a new construction home increased two percent year-over-year to $197,748.
“Not only was this a record-breaking year in our real estate market in terms of sales, but December ended with 1,401 sales still pending as we headed into the New Year,” said Angela Shields, SABOR’s President and CEO.
Across Texas, total home sales also experienced year-over-year increases with 4.4 percent more homes sold in 2015 than in 2014. The average price of a home sold in the state in 2015 was $253,208, a 5.3 percent increase and the median price was $198,000, a 7.3 percent increase.