Tag Archives: San Antonio Express-News

2018 Mid-Year Housing Market Update

8.28.17

We’re already over halfway through the year, if you can believe it!? School’s about to start up again, and the holidays seem right around the corner. We decided it was about time for an update on the housing market. If you’re considering buying a new home, here are some things you should know.

We’ve been saying for a while now that there’s no better time to buy a house than right now, and that statement has never been more true. According to the San Antonio Business Journal, home sale prices in San Antonio are still on the rise.

The good news is if you’re looking to sell your current home, before investing in your new dream home, it’s currently a seller’s market. The average sales price per year is increasing by approximately 6 percent. Primarily, homes being sold range from $200,000 to $500,000.

With the market being so hot right now, it makes even more sense to invest in building a home designed specifically for you and your family’s needs – one that will last a lifetime. At Stone Creek Custom Homes, we also go above and beyond to help you find just the right property. Why not start from the ground up, instead of moving into a pre-built home made for somebody else’s family, where you don’t really know what you’re getting into?

With us, you will know exactly what’s going into your home, from the quality of the materials to the expertise and dedication. We work with our customers every single step of the way, so there are no surprises.

According to the San Antonio Express-News, builders aren’t constructing enough homes to keep up with the demand – yet another reason to work with a personalized company such as ours. You’re not just a number in a long line of home owners.

On a national scale, U.S. house prices are expected to rise at twice the speed of inflation and pay, according to a Reuters poll. House prices have been rising more than 5 percent over the past few years – driven again by the shortage of affordable homes in the U.S.

It’s clear San Antonio will continue to grow as well. It’s already considered one of the best places to live in America for a variety of reasons, and we agree. When you’re ready to bring your dream home to life, you know we’ll be here for you! For a consultation, please call at 210-494-5400, or fill out our online form.

Hot! Hot! Hot! in San Antonio – Mid-Year Market Update 2017

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It’s not just the weather that’s got us burning up – the local market is also hot as ever! The housing market in San Antonio hit record sales in 2016 with almost 30k homes sold, an 8.2 percent increase. So how are things looking now?

It’s no surprise we’re still seeing a lot of New York and California plates all over town. San Antonio also leapt into the top 20 “markets to watch,” according to Urban Land Institute.

With the continued low cost of doing business as well as the low cost of living, especially compared to other metropolitan cities, San Antonio is holding strong as a highly appealing place to live. The prediction is San Antonio will continue to rise to the top. Median home prices in San Antonio are $198,000, compared to the national average of $231,000.

Just last month, 2,981 homes were sold in the San Antonio-New Braunfels metro area, according to our own San Antonio Express-News. This is a 5.6 percent increase from the previous year.

Home sales are in line with national averages, but the good news for San Antonio dwellers looking to buy, appreciation rates are not as high as other cities, making it more affordable to buy or build a new home.

We’ve also seen fixed mortgage rates in the entire U.S. hitting a new low in 2017. According to Freddie Mac News, 30-year fixed-rate mortgage (FRM) averaged 3.88 percent with an average 0.5 point for the week ending June 29, 2017. However, as the market is always fluctuating, you should do your own research to determine the best time to invest in a new home.

At Stone Creek Custom Homes, we are extremely proud to live and work in one of the best cities in the United States. We work closely with all of our customers to make sure they’re always getting the most bang for their buck, from the light fixtures to the foundation.

If you’re looking to build a custom home in this strong-as-ever market, give us a call at 210-494-5400 for a free consultation. You can also fill out our online form to request more information.