San Angelo housing 3Q 2013: Coldwell Banker Patterson
SAN ANGELO – The number of homes sold in third quarter 2013 increased by over 8 percent from 2Q 2013, and on a year-over-year basis, prices are up substantially with the median sale price increasing by 14 percent.
Marketing times continue to decline, down nearly 20 percent on a year-over-year basis. After several months of hovering around two months-of-supply, the current three months-of-supply is not very alarming.
Employment continues to expand in the region, which is helping to drive household formation and therefore strong home sales and a firm rental market. Single-family permit activity remains on an upward trend. If the low inventory condition persists, elevated construction activity is expected to continue.
| 3Q 2013 | 3Q 2012 | Y-O-Y Chg. | |
|---|---|---|---|
| Avg. sales price | $159,904 | $144,435 | 10.7% |
| Avg. $/SF | $85 | $77 | 11.5% |
| Median sales price | $142,500 | $125,000 | 14.0% |
| DOM | 87 | 108 | -19.6% |
| Sale % of list | 96.3% | 95.8% | 0.5% |
| # of sales | 490 | 375 | 30.7% |
| Listed inventory | 502 | 546 | -8.1% |
Source: Coldwell Banker Patterson
Also see Coldwell Banker Patterson’s full report under housing in San Angelo Data Sources.
You might also like
TG Magazine
Check out the latest issue of our flagship publication.