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Old Posted Sep 17, 2013, 11:14 AM
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sirkingwilliam sirkingwilliam is online now
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Join Date: Feb 2007
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Average home price in San Antonio for August jumped to $210,000


Quote:
As of August 2013, the average price of a home stood at $209,672 — a seven percent increase from the average price of $195,693 posted last August.
More buyers of luxury/higher-end homes is said to be the reason.

Quote:
A major factor in the median-price rise — an increase in the number of higher-end homes sold, observes Steven Gragg, 2013 Chairman of the Board for SABOR.

“Since February, homes priced over $500,000 have edged close to or gone over four percent of total homes sold,” he says. “Usually that number is closer to three percent.”

In August, homes priced over $500,000 accounted for 3.9 percent of units sold in the San Antonio MSA, SABOR reports. Homes priced from $200,000 to $500,000 accounted for 36.6 percent of sales. Homes priced below $200,000 accounted for 59.3 percent of home sales in greater San Antonio.
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