Market Trends

 

Articles by Tim Elder e-Pro

 

San Angelo Real Estate Market: 4th Quarter 2010

The 4th quarter sales were slower than the previous quarter, however we did see an increase in the median price of homes.  We have seen a 10% decrease in inventory, yet we have an increase in months of inventory available due to the slower sales. 

Area N has had a significant reduction in months of inventory and now has 7.51 months on inventory available.   We should see the current inventory remain steady through the end of February, then see a steady increase as we approach the spring.    Click the following link for more information.

  4th Quarter Market Trends    Includes link to local MLS map


 

 

San Angelo Real Estate Market: 3rd Quarter 2010

As usual, the summer months saw an increase in homes sales over the previous quarters and the 3rd quarter of 2010 has shown an overall  increase in the median price of homes. 

Lake Nasworthy has the highest months of inventory with 43.28 months based on current inventory level and the 3rd quarter sales.   The average months of inventory  in San Angelo is 6.88 months for the combined areas shown in my quarterly report.  The remainder of the year should continue the trend of higher months of inventory and steady median price of homes.   Click the following link for more information.

  3rd Quarter Market Trends    Includes link to local MLS map


 San Angelo Real Estate Market: 2nd Quarter 2010

Overall the market trend for the 2nd quarter of 2010 has shown a reduction in the months of inventory.  The areas with lower end homes, have seen higher median prices along with  increasing inventory.  The areas with the higher end homes, have seen a drop in their median prices along with a drop in months of inventory. The area with the highest inventory level was the Christoval area, which had 15.57 months of inventory.  The average area in San Angelo has between 4-6 months of inventory.  The remainder of the summer months should continue these trends.    

  2nd Quarter Market Trends    Includes link to local MLS map

 


 San Angelo Real Estate Market: 1st Quarter 2010

Unexpectedly the winter months of January and February in San Angelo saw a significant decline in real estate sales across the board.  However, with the beginning of spring we had an exceptional month of residential real estate sales in March and we closed the first quarter in relatively good position.  We have seen an increase in home listings but the changes in months of inventory have both increased and decreased depending on the MLS area along with median home prices.   

  1st Quarter Market Trends    Includes link to local MLS map


 

 San Angelo Real Estate Market: 4th Quarter 2009

Overall in 2009 the San Angelo residential market gained $2,000 in both the average and median home prices over the 2008 sales figures. The 4th quarter saw a reduction in inventory across the board with an increase in the median price of homes in all areas of town.  With the extention of the Federal Tax Credit being extended and expanded to repeat buyers, we can expect the 1st quarter sales to continue the trend with higher prices and increased volume of sales.

 4th Quarter Market Trends    Includes link to local MLS map


 

San Angelo Real Estate Market: 3rd Quarter 2009

The San Angelo real estate market tightened somewhat during the 3rd quarter of 2009.  Inventory for San Angelo as a whole has slightly increased along with the days on market averages.  The median price of homes have also increased year over year.  That said, throughout the San Angelo area there are variations within each local MLS district.

3rd Quarter Market Trends    Includes link to local MLS map


 

I hope you've found these quarterly reports usefull.  Give me a call or drop me an email and I'll be more than glad to discuss how the current market trends may be effecting your property value.  I look forward to hearing from you!  

Tim Elder e-PRO
RealtorŪ

Addresses Real Estate
2809 Southwest Blvd
San Angelo, Tx 76904

(325)942-6400 - office (325) 245-8340 - cell
(325) 942-6455 - fax

Broker - Laura Scott

Tim@AddressesRealEstate.com