San Angelo housing 3Q 2014: Coldwell Banker PattersonSan Angelo housing 3Q 2014: Coldwell Banker Pattersonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=24772014-11-12T23:30:00Z2014-11-13T07:15:00Z

SAN ANGELO - Median sales prices increased during third quarter 2014, and the average size of homes sold was nearly 100 sf larger than homes sold in 2Q 2014. Sales price per sf has increased substantially as well.

Marketing times have increased materially from 2Q 2014 and especially from 3Q 2013. This is a figure to watch closely because it often foretells changes in market pricing.

Interestingly, sales-to-list price ratios remain relatively unchanged, indicating that there have not been pressures to reduce price.

Months of supply remains in line with recent history and currently is measured at 3.7 months, a minor drop from 2Q 2014 as sales outpaced listing activity.

San Angelo area employment continues to grow, which bolsters the housing market. A strong job market is driving population growth and the San Angelo MSA is expected to grow by 1.22 percent annually over the next four years.

Employment levels are now about 2 percent higher than where they were in 2013 at this same time (measured in August).

3Q 2014 San Angelo Home Statistics
Avg. sales price $178,846 $159,904 11.8%
Avg. $/SF $92 $85 8.0%
Median sales price $159,950 $142,500 12.2%
DOM 116 87 33.8%
Sale % of list 96.5% 96.3% 0.3%
# of sales 469 490 -4.3%
Listed inventory 580 502 15.5%

Prepared by Coldwell Banker Premier Realty, Market IQ & Coldwell Banker Patterson.

Source: Coldwell Banker Patterson

See the full 3Q 2014 report from Coldwell Banker Patterson.

Check out San Angelo NewsTalk Texas and San Angelo Market Data Sources.

Coldwell Banker Patterson
San Angelo
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