San Antonio-area home sales and prices skyrocket as inventory tightens

Home sales and prices in the San Antonio area soared in September amid pent-up demand, low interest rates and a tight supply of available homes.

Buyers in Bexar and surrounding counties closed on 3,623 homes last month, up about 32 percent from September 2019, the San Antonio Board of Realtors reported Tuesday. Sales year-to-date are up about 8 percent compared with the same period in 2019.

The median price rose about 11 percent to $261,200.

“The significant growth in sales compared to last year shows the housing sector as a possible factor to move the economy forward,” said Kim Bragman, SABOR’s 2020 board chairman. “We are hopeful to see a positive growth of sales for the remainder of the year.”

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Around 68 percent of the homes sold in September were priced between $200,000 and $499,999, compared

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California home prices to grow more slowly next year, Realtors forecast, but sales may be stronger

Ultra-low mortgage rates and pent-up demand for single-family homes will offset continued economic uncertainty and a supply shortage in 2021, with the net result being a 3.3% increase in California home sales and a modest 1.3% increase in the median price next year versus 2020, according to a California Association of Realtors forecast published Tuesday.

With only a few months left to go, sales this year are expected to be

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California Home Prices Expected To Stagnate As Sales Slow In 2021

LOS ANGELES , CA — California home price increases and sales are expected to slow in 2021, but the Los Angeles-based California Association of Realtors doesn’t forecast widespread price drops.

Despite the economic uncertainty caused by the pandemic, California home sales are expected to climb a modest 3.3% next years, and home prices will edge up 1.3%, the California Association of Realtors forecasted Tuesday. Low mortgages rates and pent-up demand are credited with propping up the market despite the pandemic slow-down. CAR leaders expect interest rates to continue to fall.

“An extremely favorable lending environment and a strong interest in homeownership will continue to motivate financially eligible buyers to enter the market,” said CAR President Jeanne Radsick, a Realtor in Bakersfield. “While the economy is expected to improve and interest rates will stay near historical lows, housing supply constraints will continue to be an issue next year and may put

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Sales of Luxury Homes Soar as Low Rates, Stay-at-Home Shoppers Fuel Market

Sales of high-end homes climbed 41.5% year over year in the third quarter, according to online real estate broker Redfin (NASDAQ: RDFN), the largest year-over-year jump since at least 2013.

In a news release Monday, Redfin said that sales of luxury homes, defined as the top 5% of market values, as well as sales of second- and third-tier houses climbed year over year, while sales in the bottom two buckets fell by 4% each. The median sale price of a top-tier luxury home in the U.S. in the quarter was $862,700, up 6.5% year over year, while the median price of a house in the bottom tier was $90,000.

A for sale sign in front of a house.

Image source: Getty Images.

In a typical downturn, it is the luxury market that takes the biggest hit, but as Redfin chief economist Daryl Fairweather noted, “This isn’t a normal recession.” Changes in behavior driven by the coronavirus pandemic are

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Home sales rise despite low inventory and pandemic

New-home sales also rose sharply in August to their highest level since September 2006. Sales of newly built homes reached an annual rate of 1.01 million in August 2020, 43.2 percent higher than in August 2019, according to the Census Bureau. New-home sales were also up 4.8 percent compared to July 2020.

Low inventory and high prices

While demand for houses is strong despite the coronavirus pandemic, the shortage of homes for sale means that prices are rising rapidly in many markets. The number of existing homes for sale dropped by 18.6 percent in August 2020 compared to August 2019, according to NAR. Inventory of newly built but unsold homes also dropped dramatically by 40 percent compared to August 2019 to the lowest supply since the data has been tracked beginning in 1963.

For the Washington area, the median listing price was up 9.2 percent for the week ending Sept.

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Houston homes for sale: How 2020 home sales compare to 1 year ago

HOUSTON, Texas (KTRK) — As everyone is adjusting to the new normal in the world of a pandemic, we’re taking a look at if and how that has impacted Houston-area home prices compared to 2019.

Many people who were hoping to buy a house in 2020 probably had their plans derailed due to COVID-19, but these numbers might make your choice easier.

Despite economic setbacks brought on by the COVID-19 pandemic, which spread largely in the U.S. in March, the Houston housing market in July saw more home sales than it did a year ago.

According to the Houston Association of Realtors (HAR), single-family home sales increased by 15.7% in June 2020 compared to June 2019. Also, the average price increased to $262,000 compared to $252,900 a year ago.

Data from HAR showed that in the last week of March, the coronavirus had a subtle effect on the price and

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Sales are underway for a new luxury home community in Avenir


Kenco Communities has begun selling pre-construction homes in its gated Coral Isles development.

Jodie Wagner
 
| Palm Beach Post

PALM BEACH GARDENS — Sales are underway for a new luxury home community within the massive Avenir development on western Northlake Boulevard.

Kenco Communities has begun selling pre-construction homes in its gated Coral Isles development, which is situated along the lakefront near Avenir’s future 16,000-square-foot private clubhouse.

The luxury home builder will offer six estate home designs that are among the largest at Avenir, ranging from 3,200 to over 5,300 square feet of living space.

More: Jack Nicklaus to design high-end golf course, practice facility at Avenir

More: Palm Beach Gardens in 2030: Rapidly growing city gears up for big-time development

Three designer furnished models that buyers will be able to tour are under construction, and are expected to be completed by the end of the year, Kenco said.

Those models

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September surge in North Texas home sales sets records

North Texas home sales surged in September – up 27% from a year ago.

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It was the largest such annual price gain in more than a decade.

Real estate agents sold 11,408 single-family homes, a record number of purchases for the month of September, when sales typically slow.

But not this year.

Record low mortgage rates have caused a run on home buying even in the face of the COVID-19 pandemic.

Last month’s huge home sales increase is the fourth month in a row of double-digit percentage sales gains from 2019 levels, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.

September’s year-over-year gain was the largest yet.

“It’s amazing that sales are up 27% over last years, but not surprising based on what I have been hearing,” said Paige Shipp, a housing analyst with CDCG Asset

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Area homes sales up despite shortage | Northwest Indiana Business Headlines



Home Sales



Home sales in the Region remained strong in August despite the continued shortage of homes on the market and the rising prices, according to information from the Greater Northwest Indiana Association of Realtors.

GNIAR collects sales data from members in a seven-county area, including Lake, Porter, LaPorte, Jasper, Newton, Starke and Pulaski. In August, the members reported selling 1,246 homes, almost 100 more than August of 2019, or an increase of 8.3%. August was also up from July’s total of 1,227. For the year, sales are about 1% up from 2019 at 7,113 units sold.

The median price of a home rose almost 12% from a year ago to $211,500 and it jumped almost 5% from July’s median price of $202,000. So far this year, the median price of a home has risen 8% to $189,000.

GNIAR CEO Pete Novak said a total of about

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Columbus Day Weekend sales: Prices slashed on home, outdoor and fashion items

Columbus Day, a federal holiday, and Indigenous Peoples Day are Monday, Oct. 12, and retailers once again see this long holiday weekend as a time for sales.

Online home retailer Wayfair is slashing up to 70% off on select items during a clearance event. Bedroom furniture starts at $99, bedding sets at $39.99 and storage solutions at $19.99.

Kitchen and dining furniture and ceiling and wall lights are up to 50% off, living room seating and wall art are up to 60% off and area rugs are up to 70% off.

Save up to 50% on outdoor furniture and up to 55% on TV stands, living room tables and bathroom upgrades.

See more sales on kids furniture, entryway furniture, table and floor lamps, kitchen essentials as well as small electronics and appliances.

If you’re already shopping, here are highlights:

  • Coach Outlet is offering up to 70% off sitewide At Coach,
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