San Antonio, TX - Local Housing Data - Summary

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San Antonio, TX Local News

  • Lookout Group Picks Drees, Giddens, and Sitterle for 600-acre Austin MPC

    Austin Business Journal staffer Jan Buchholz reports that Houston-based masterplan developer the Lookout Group has selected Drees Custom Homes, Leander-based Giddens Homes and San Antonio-based Sitterle Homes as home builders for its new Austin MPC, Clearwater Ranch.

  • Houston: We've Got Lift-Off! U-Haul Names the U.S.'s Top 25 Destination Cities

    The U-Haul 2013 Top 50 U.S. Destination Cities Report is in. According to U-Haul moving data reflective of nationwide statistics for calendar year 2013, families moving to Houston took the No. 1 spot again, for the fifth year in a row. For the fourth year in a row, Orlando, Fla., took the No. 2...

  • Spring Sharpens Story of a Tale of Two Coasts

    As the spring home shopping season heats up, buyers and sellers nationwide can expect very different experiences when it comes to negotiating power. Zillow took a look at recent data to determine markets where sellers have the power and those where buyers are in control. Analysis shows many home...

New Home Prices Rise in San Antonio According to Newest Figures, Sales Drop

Posted on: Mar 07, 2013 07:33:22 AM

In the San Antonio, TX market in December, closings of new homes fell year-over-year, a shift downward off a rise in November 2012. New home closings saw a decline of 2.0% from the year earlier to 601. This came after a 5.5% rise year-over-year in November.

A total of 6,830 new homes were sold during the 12 months that ended in December, down from 6,842 for the year that ended in November.

As a percentage of overall housing closings, new home closings made up 18.6% of overall housing closings. New home closings were 18.3% of overall closings last year. After rising year-over-year in November, closings of new and existing homes slipped year-over-year in December.

Pricing and Mortgage Trends

The average price of newly sold homes rose year-over-year 9.0% in December to $247,031 per unit. This rise is an improvement over the 6.3% rise in November year-over-year.

For newly sold homes, the average mortgage size saw a rise year-over-year along with new home prices. It increased 6.8% in December from a year earlier to $224,188. Average mortgage size rose 4.7% in November 2012 from a year earlier. For new home closings, the percentage of the sale price that was being financed dipped 1.9 percentage points year-over-year to 90.8% in December 2012.


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