San Antonio - Wildhorse Market Report

Wildhorse in a nicely done DR Horton Community located between Braun Road and Shaenfield Road just outside Loop 1604 on San Antonio’s Northwest Side and not too far from the small town of Helotes.

Located within the community is Krueger Elementary School, with a Day Care Center right next door, and 2 pool areas, one with a sport court and large grass field area.

The homes offered vary among the DR Horton Series, with a variety of interior finishes and available options. Overall, the neighborhood is well kept and most homes have at least some front landscaping ranging up to full on professionally designed yards.

Here are the sales & listing summaries as of June 18, 2009.

Homes Currently For Sale
o 50 Total Homes Currently on the Market, of these:
o 5 with Active Option
o 2 Back on the Market
o 6 with Price Changes within the last 7 days
o 6 Newly listed within the last 7 days
o Low List Price is $122,400 for 1251 Square Feet
o High List Price is $269,900 for 3244 Square Feet
o Average List Price is $177,328

Pending Sales
o 10 Total Pending Sales

Recently Sold
o 37 homes have Sold within the last 6 months
o Low Sold Price was $112,900 (listed at $117,500) with 1251 Square Feet
o High Sold Price was $239,000 (listed at $242,000) with 3244 Square Feet
o Average Sold Price was $162,927(listed at $167,034) with 2151 Square Feet

Cancelled, Withdrawn or Expired Listings
Over the past 6 months, 39 homes were listed as Withdrawn, Expired or Cancelled. Some of these may have been relisted and/or sold already.


Best regards,
John King

San Antonio Foreclosure Tour

Interest List Now Forming
An interest list is being formed for San Antonio's Home Buyer Tour. Don't miss your chance to view great deals on foreclosed, bank owned, REO properties. Group and Individual (VIP) tours are available.

There is no charge to the participants, but there are a few 'common sense' requirements.

• Must not currently have a Buyer's Agent
• Must be Pre-Approved by a Lender OR Proof of Funds for a Cash Purchase
• Must agree to Mission Realty representing you if you purchase a home on the tour
• Due to limited space, Adults Only please. if you find a home you like, a private showing will be scheduled for the entire family.

For more information, call John King @ (210)445-2631.

$8,000 Home Buyer's Tax Credit - Q & A

At a glance:


Ø The tax credit is for first-time home buyers only.


Ø The tax credit does not have to be repaid.

Ø The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.


Ø The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009 for your primary residence..


Ø Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.


Who is eligible? Anyone who has not owned a home in the past 36 months is considered to be a first time home buyer.

Are there any income limits to receive the credit? Yes. For single taxpayers, you may receive the full credit if your modified gross adjusted income is $75,000 or below and $150,000 for married couples filing jointly.

How do I claim the credit? First, complete IRS Form 5405 to determine your credit amount. Then use this number on line 69 of your Form 1040. If you have filed for 2008 already, you can file an amended return and receive the credit with your 2008 return, even if you have already received it. You should consult a tax professional for this. Or you can elect to receive the credit on your 2009 Tax Return as well.



Best regards,

John King - San Antonio Real Estate

Hi, I'm John King, and welcome to my blog about the San Antonio Real Estate Market.

There is a lot of truth about Real Estate being local. Consider this, according to the Texas Association of Realtors, 4th quarter sales of foreclosed properties were up 92% nationwide, compared to just 24% in Texas.

So, relatively speaking, Texas is doing okay considering how bad other areas are fairing. Even within San Antonio, some neighborhoods are able to hold steady while others are declining.

Check back often as I post neighborhood reports and discuss today's real estate issues right here.

--John