Texas Real Estate Market Update – November 2020

What’s New in the San Antonio
Real Estate Market

The real estate market remains strong, virtual Thanksgiving is in, and San Antonio is home to a new cybersecurity research program. The classroom might be changing again, and you can help the community by volunteering to help non-profit organizations with fundraising.

Home Sales Have
Dipped Slightly

Despite a small drop this month, home sales in the San Antonio area have increased by 9% for the year 2020 thus far, and are expected to continue climbing through the end of the year. 2020 Sales in Bexar County, specifically, are up by almost 10%. Bexar County is home to the City of San Antonio and several suburbs and bedroom communities.

I have been talking with you about steady increases in sales after the initial shock to the market brought on by the COVID-19 pandemic, and the very slight decreases in sales over the last 3 months. On a month-to-month basis, we may see a stall in real estate activity – although holidays tend to be slow months every year, even without the pandemic.

A very positive sign: Mortgage interest rates continue to drop!

Give Thanks For…
the Internet 

With local leaders calling for us all to stay home for Thanksgiving and not gather together with anyone not living in our households, it is time to pause and give thanks that – yes, we have a pandemic to deal with but – the internet allows us to spend time with our loved ones and make that powerful holiday connection in spite of the COVID-19 virus.

Total home sales for the city are showing a nine percent increase for the year, as our upward swing continues through 2020 for sales in the local housing market... and we look to carry this momentum into 2021 as our city continues to grow.

Kim Bragman, SABOR's 2020 Chairman of the Board

New Cybersecurity Institute
at UT San Antonio 

The University of Texas at San Antonio recently launched the Cybersecurity Manufacturing Innovation Institute (CyManII). It is a private/public partnership that has made a 5-year commitment to the U.S. Department of Energy. The consortium aims to encourage American manufacturers to take energy-efficient approaches to the manufacturing process while protecting their proprietary data from hackers. The overall goal is to enhance U.S. leadership and ensure competitiveness in the global market.

The establishment of this institute in San Antonio will help to keep San Antonio front-and-center as a welcoming home to manufacturing companies – along with manufacturing jobs – to keep our local economy humming.

UTSA’s CyManII supports American manufacturing from San Antonio

Bexar County Schools See an
Increase in Covid Cases 

Sharp increase in COVID cases at school

All across Texas the numbers are rising – COVID-19 infections among students, teachers, and school staff members. The San Antonio area is no exception. The three largest school districts in our area have seen an alarming increase in cases.

Northside ISD, Northeast ISD, and San Antonio ISD have seen the greatest growth in coronavirus infections, and have continued or resumed teaching via the internet. Other school districts that were open for in-person instruction in the classroom have announced a return to virtual learning when school resumes after the Thanksgiving holiday, or may soon follow suit.

This is unhappy news for students, teachers, and parents alike but we are a resilient community. If you are contemplating a move to the San Antonio area, please don’t worry; our schools are working hard to do the right thing by our children.

Thanksgiving Alert: City Issues
Emergency Warning 

Local authorities at the city of San Antonio took a drastic step: a Wireless Emergency Alert (WEA) to warn of the dangers of gathering for the Thanksgiving holiday and the importance of following CDC guidelines to limit the spread of COVID-19. The WEA received by San Antonio residents said, “936 new COVID-19 cases reported today – the most since July. With the virus spreading, limit unnecessary outings, avoid social gatherings and wear your mask.”

This unusual step was taken in response to the rise in numbers of people traveling for the holiday. It was also a response to the fear that large gatherings of extended family and friends – the custom for Thanksgiving dinner – would cause an even greater increase in coronavirus infections. With our hospital ICUs nearing capacity, this plea was focused on saving lives.

City sends out emergency alert

Local businesses support non-profit fundraising

New Ways to Help the
Community 

A group of local businesses, coordinated by the San Antonio Business Journal, recently launched a site to help nonprofit organizations in our area with fundraising. The “Community Calendar” allows nonprofits to showcase their fundraising events and spread the word.

If you would like to learn more about ways you can help, visit NonProfits In Action.

The
Upshot

With mortgage rates below 3% and continuing to drop, and a dip in housing sales in our area, this may be a good time to stop dreaming and start househunting. If you want to sell your home, mortgage rates and the strength of the market are on your side.

Whether buying or selling, you need a great reator® on your side through each step of the process. That’s what I call…

SABORs real estate statistics for last month

Let’s Get
Started!

Click below to get a feel for the current San Antonio real estate market, but keep in mind that searching for the perfect house is a big deal.

Step up your game by having me monitor the Multiple Listing Service (MLS) for you, so you can react quickly when a great property becomes available.

Reach out to me to challenge my commitment to be your mentor and partner every step of the way. See what it really means to have…

Search the San Antonio Real Estate Market

Call, text, or send a message – I’m happy to help!





    Andrew Barlowe Realtor Vortex Realty

    Andrew Barlowe

    2241 NW Military Hwy STE 302
    San Antonio, TX 78213
    210.420.8420

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