The San Antonio real estate market is booming! According to a recent survey conducted by the USA Urban Land Institute, San Antonio has been placed in the Markets to Watch list of 2016, among the top 20 most thriving real estate markets of USA.
San Antonio, the Sleeping Beauty of Texas, renowned for its tourist spots and attractions like the River Walk, the many architectural landmarks, Natural Bridge Caverns, The Pearl the famous Alamo and the Missions, is now taking a great leap forward in the real estate industry and is emerging as one of the most promising and profitable markets, attracting local and foreign investors alike.
· San Antonio will no longer be famous for the SA Spurs and its tourist business alone. It is growing constantly with the Pearl, Southtown, the Tobin Center and numerous construction projects which are nearing completion or are underway. With this vigorous construction boom in San Antonio, its no wonder the city has caught the eye of the economists, real estate tycoons, and analysts as one of the fastest accelerating markets to watch out for.
· Gaines during the past three years have extended the trend of positive price growth in the city, especially
after the recession. In fact, over the course of three years, San Antonio homes have appreciated almost 20%. Apart from that, principal payments in the last three years have boosted equity throughout the city.
· San Antonio was known for its low price brackets in the residential and commercial sectors. However, with the recent economic boom, property prices have been trending high recently. The average residential and commercial property priced below $200,000 constituted 57% of the San Antonio’s overall real estate market and it is about to fall by great margins, indicating that property valued below $200,000 is going to be hard to find.
· The San Antonio government has recently directed a lot of focus towards the expansion of its industrial factors. For now, it has been undergoing a significant shift in its growth of warehouses, cottage industry, small business enterprises, and specifically biotechnology. This is beneficial as a profitable revenue generator, creating more jobs and eventually creating more buyers and landing more investors in the real estate domain.
The Urban Land institute has forecasted an optimistic outlook for San Antonio that is going to cast its influence on the national real estate market and the economy. This is evident through the revival of housing and commercial sectors, progress of the warehouse distribution market, and more entrepreneurial ventures creating more businesses and jobs for the local residents as well as foreigners.
For more information about buying or selling a home in San Antonio or Austin, TX please call us at: 1-800-863-4154.
To contact Michelle Doerr (Broker) directly, please call: 210-826-3134.
For Austin real estate please call, Addie Butts (Realtor®): 817-881-5541.