ONE REASON TO BUY A HOME IN CIBOLO TX!

The City of Cibolo Economic Development Corporation remained busy through 2014. Several projects are currently underway throughout the city and further growth is expected in the future. Construction of the new Wal-Mart Super Center began in late July of 2014 and it is expected to be completed by early fall 2015, just in time for the holiday season. Other retail development is taking place within the vicinity of Cibolo’s new Wal-Mart.

Cibolo Marketplace, a new 20,000 square foot retail center, broke ground in June 2014 and will host stores such as Dutch Boy Cleaners, Little Caesars Pizza, K Nails & Spa, Hair Salon and an Alamanza Family Eye Care. Others are expected to come by the end of the year. The Shops at Cibolo Bend will be breaking ground on their 50,000 square foot retail center project next month, with stores such as Petco, Dollar Tree, a nail salon, a full service bank, and restaurants to name a few. CVS Pharmacy is also building a new store in Cibolo, at the intersection of Main at FM 1103. Building plans for this new pharmacy have been submitted, with construction expected to start within the next few months. These new retail developments, around the FM 1103 and Main Street intersection, will provide several new dining and retail options for residents. We are also excited to announce that HEB will be building in Cibolo. They will introduce a 70,000 square foot, full service grocery store. In addition, this project will add 25,000 square feet in retail and other services. HEB is scheduled to start activity in 2016. The Economic Development Corporation was also able to recruit new jobs to the city with growth in our industrial area. New industry includes companies such as Total Safety, an oil & gas safety equipment company, O G Supply, a manufacturing company, Seat Craft a home theater seating manufacturer, and Pack Pro of Texas, which supports custom packaging & shipping for industrial users.

Taken from the City of Cibolo 2015-03 Buffalo Chronicle Newsletter

I'm excited to announce that Noble Group Realty LLC plans to  break ground on its new building in downtown Cibolo in the fall of 2015.  To be part of it all give me a call so you can Move to Cibolo! FOLLOW THE LINK BELOW TO VIEW THE PERFECT HOME, IN THE HEART OF BEAUTIFUL CIBOLO, YOU FAMILY WILL LOVE YOU FOR IT!

http://141vistadelrey.nicefamilyhome.com/

San Antonio Market March 16, 2015

 

 

 

According to the market, now is the perfect time to expand my Real Estate services.  If you are in the market to rent, buy, or sale, make Kerry D. Alexander of Noble Group Realty your first choice.  I'm excited to work with you!  Please see the review on the San Antonio market.  This is an article taken from the San Antonio's board of Realtors website.

March 16, 2015

Surge in Pending Sales Indicates a Steady Spring Market on the Horizon

San Antonio – The housing boom in San Antonio continued in February, with the month reporting a 14 percent yearover-year increase in sales for a total of 1,724 homes sold according to the February 2015 Multiple Listing Service report by the San Antonio Board of REALTORS® (SABOR). Months of inventory, the estimated time it would take to sell the current housing supply, remained low with just 3.6 months. Days on market dipped down to 74 days while price per square foot edged up five percent to $101. The month ended with 1,881 sales still pending, a 21.5 percent increase from 2014 and a strong lead into March.

 

“We continue to see unprecedented growth in the San Antonio housing market in just about every area,” said Mary Ann Jeffers, SABOR’s 2015 Chairman of the Board. “Nationally, improved buyer demand at the beginning of 2015 pushed pending home sales in January up and buyers closed on homes at a swift pace despite tight inventory.”

 

According to the National Association of REALTORS®, total existing-homes sales in 2015 are forecast to be around 5.26 million, an increase of 6.4 percent from 2014. The national median existing-home price for all of this year is expected to have an increase near five percent. 

 

Low interest rates as well as growth in jobs and income continue to play a role in San Antonio’s housing market boom. According to the recently released 2014 Profile of Texas Homebuyers and Sellers by the Texas Association of REALTORS®, the median household income among homebuyers in Texas increased 5.9 percent year-over-year. This is more than four times the increase in median household income among homebuyers nationally.  

Locally, this increase in household income is likely a contributing factor to the shift towards more sales of homes priced in the mid-range ($200,000 - $500,000). Homes sold in this range grew seven percent from last year and made up 40.7 percent of February’s sales. Homes priced under $200,000 made up 55.6 percent of the market and homes priced over $500,000 accounted for 3.5 percent of the homes sold.

“An increase in income is a great asset for buyers who are looking to get pre-qualified for a mortgage and calculating their ability to afford the costs of homeownership,” said Angela Shields, SABOR’s President and CEO. “With people steadily moving into the city for jobs, including our military and medical personnel, there is always a market for both buyers and sellers at many different price points.” 

 

San Antonio Home Sales Recap

February 2013 February 2014 February 2015

 
Total Month Sales 1,411 (8% increase) 1,509 (3% increase) 1,724 (14% increase)

Average Price $196,721 (5% increase) $203,355 (4% increase) $219,808 (8% increase)

Median Price $160,200 (4% increase) $169,800 (5% increase) $185,800 (9% increase)

*Percentage increases are based on a year-over-year comparison.