Did you receive the city’s “STAY HOME” warning via text message Saturday evening? San Antonio is now a COVID-19 hotspot. My heart goes out to everyone adversely impacted by this virus. I hope you and your family are safe during this terribly uncertain time.

The virus has indeed caught up with the real estate market. While we sold 2,869 homes in May. That’s 842 fewer than May 2019, according to the San Antonio Board of Realtors.

The good news, though, is that we’re up from the 2,748 homes we sold in April. And home prices are doing well. Our average home price is now $281,353 – up 3 percent over this time last year, and up 5 percent since the beginning of the year. Our median price is $242,400, a 2 percent increase. And our average price per square foot is $131 – up 4 percent.

The $200,000 to $499,000 range remains our sweet spot, accounting for 65.53 percent of May sales. Those under $199,000 accounted for 27.68 percent of sales, with the rest selling at $500,000 and above.

And in related good news, Bexar County real estate, though down from this time last year, is faring better than any other major county in Texas. Harris, Travis and Dallas county home sales are down by 24.9 percent, 33.1 percent and 32.9 percent, respectively. Bexar County’s decrease is much less, at 13.4 percent.

There’s no doubt that, despite COVID-19, San Antonio remains strong in the real estate arena. We’ve had very active interest in 226 Grassmarket (be sure to stop by our Open House, 3-5 p.m., Sunday, July 5), and I have a new listing at 2511 N. Flores in Alta Vista. This one is an investment opportunity of a lifetime – see my Featured Home, below, for details.

So don’t give up! If you’re thinking of buying or selling, you will still do very well here in San Antonio – and I’m happy to help you. Please don’t hesitate to call me at 210-722-3483. I’m here to support your real estate success!

 

Your neighborhood expert,


Susan Bowman