With the current upswing in the local housing market, purchasing the perfect San Antonio real estate can be a challenge. Average home values have seen an increase of as much as $28,000 in the past two years, in part due to the current seller's market. This isn't surprising considering the types of homes for sale in San Antonio, TX. If you're considering a move to Alamo City, Movoto Real Estate can assist you in finding the right place in this Texas community.
According to current real estate statistics, San Antonio is listed among the top 10 markets for real estate investments in the country. For less than half the cost of most San Antonio homes for sale, distressed homes in need of fixing up can mean big business if you plan to purchase properties, fix them up and flip them for profit.
The cost of living in San Antonio is approximately 14 percent less than the national average and four percent less than the state average. With a low unemployment rate and affordable housing, it's no wonder people flock to the city seeking an attractive lifestyle. Real estate market trends also show homes have appreciated as much as five percent from 2014 to 2015, with the average home price coming in around $229,000. In fact, real estate prices have been consistently rising since 2010, when the average home price was roughly $150,000. Nearby cities haven't fared as well. In nearby Universal City, for example, home prices were similar to those in San Antonio at $140,000, and they have only risen to $180,000; and Kirby's prices increased from $86,500 in 2010 to $118,000 in 2015.
Unfortunately, real estate is in scarce supply, giving the sellers an upper hand. Though it might take time to find the ideal home, San Antonio still has beautiful single-family homes available, such as this three-bedroom, two-bathroom Tudor-style home in Monticello Park.
San Antonio has a low unemployment rate, with some of the top employers in the area being H-E-B, USAA and Cullen/Frost Bankers. Top this with a three percent job growth rate, and you have a metropolitan city that takes care of its own. San Antonio is a popular resting roost for young professionals, and the focus of the San Antonio community is on family, safety, education and dedication to the arts. The area has a healthy nightlife and a large choice of San Antonio real estate in vibrant neighborhoods such as Northwest Crossing. The passion for the city is evident among natives and new locals, partly due to the beautiful scenery, and also because the city is truly dedicated to all areas of community improvement.
If you are interested in purchasing San Antonio real estate or if you simply have questions to ask about the neighborhoods in the area, our local agents are available to help. With a simple phone call, you can be on your way to living a new life in Texas.
