San Marcos Mercury | Local News from San Marcos and Hays County, Texas

Housing market indicators | 2014-Q3

 Units SoldMedian PriceAverage PriceInventory (in months)
Texas80,851$188,900$243,5483.70
-0.61%*+6.84%*+5.91%*-7.50%*
Austin8,915$243,600$308,6482.90
-3.49%*+8.94%*+7.57%*+7.40%*
San Marcos88$160,000$188,2914.00
-4.34%*+1.39%*-2.01%*-6.97%*
San Antonio7,365$183,300$221,3114.50
+4.66%*+5.40%*+5.51%*-6.25%*
*Year-over-year change, i.e. 2013-Q3 compared to 2014-Q3

SOURCES: Texas Association of Realtors,
Texas A&M Real Estate Center

by BRAD ROLLINS

Resisting patterns seen elsewhere in the region and the state, the median sale price for single-family homes in the San Marcos market grew a modest 1.39 percent over the previous 12 months, according to quarterly industry statistics released on Monday.

During the third fiscal quarter concluded Sept. 31, eighty-eight San Marcos homes changed owners for a median price of $160,000, up from a median of $158,000 during the previous fiscal quarter, according to a Texas Association of Realtors statewide housing report. The tiny bump helped erase declines recorded during the first two quarters of 2014, but it was not enough to catch up with residential real estate appreciation documented in a large majority of comparable communities and in Texas a whole.

Median home price — the number at which half of all other homes sold for more money and half of all other homes sold for less — essentially marks the middle of the market. It is a more reliable benchmark of housing market performance than average home price, a measure easily skewed in smaller markets by extremes on either end of the spectrum.

In 32 of 42 real estate markets tracked by Texas A&M University’s Real Estate Center, home prices increased at steeper rates during the previous four quarters than they did in San Marcos.

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Read the rest of the story + download real estate industry reports.

► Texas Association of Realtors 2014-Q3 report
► Texas A&M Real Estate Center relocation 2014 report

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3 thoughts on “Median home price up slightly in San Marcos, up significantly just about everywhere else

  1. Funny, I was thinking the exact opposite: Too bad the “no-growthers” or as I like to call them , the ‘smart-growth’ crowd have not been in charge. Single family homes have not been in demand since middle-income families are too reluctant to invest in single family neighborhoods due to poor enforcement and waivers of zoning codes and master plan. More likely, our high low socio ec numbers and transient student population drive the massive apartment market (which somehow you blamed on the smart-growth crowd).

  2. I think you missed the point.

    Apartments and retail jobs, which we were told all the way back to Mayor Susan’s days would “transform the city,” are the real no-growth path.

    The proof is in the pudding. After a decade of no meaningful resistance, there are zero results.

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