San Antonio is the second largest city in Texas with a population of 1.4 million behind Houston with 2.2 million. Nationally speaking San Antonio is one of the most affordable major cities to live in and to buy residential properties. Even if the San Antonio Spurs were not the NBA Champions five times and the Alamo did not attract 2.5 million visitors worldwide to the 300+ year old mission, San Antonio would be a great place to live, work and visit.
Beyond the iconic history of the old city, San Antonio reaches into the future with top notch tech presents, a leader in the medical field as well as being the United States Air Force boot camp training base for recruits. The city offers constant entertainment from The Rodeo to Fiesta to Jazz festivals and Art Luminaries. These are some excellent reasons San Antonio is great for real estate today.
Price Range and Styles of Residential Properties
We have a variety of house styles available to choose from:
- Garden homes
- Single family houses
The price point for residential properties varies also to meet the smallest to the biggest budget for buying or investing. Choices range from downtown living to suburban living to the higher scale homes in historic districts to the multi-million-dollar neighborhoods. We have homes available for every budget and need in between.
Employment and Job Growth is a Reason to Buy Residential Properties in SA
Nationally the job growth is expected to be 2.2%, but in San Antonio it is looking to outpace the national average with the growth of 3% and some job sectors much higher. Job growth is paramount to having a healthy real estate market and San Antonio real estate is only going to increase in value as the jobs continue to come.
Per the Real Estate Center for the months ending May 2012 to May 2017 the average sale price has increased year-over-year consistently from $196,322 to $254,794 in the last five years alone. That’s more than the national average percentage within the same time.
The 2016 National Association of REALTORS Home Buyer and Seller Generation Trends show the majority of buyers are Millennials/Generation Yers buyers. Which in a city like San Antonio where the median age is 32.9; below the national age 37.8 is great news. Those Generation groups account for a lot of purchasing power and competition among buyers and investors in the city of San Antonio.
Buying Residential Properties in San Antonio Makes Sense
Two-bedroom apartments on average are $1,250 nationally and $1,070 in San Antonio. Apartment rental prices will continue to increase as the city continues to grow in turn contributing to the average home price in San Antonio rising year-over-year until 2034. If you can afford to rent, you can afford to buy. It’s a lot cheaper in the short and long term and you build equity while you enjoy a larger space.
The beauty of San Antonio is enough to make you want to stay, but the affordability is what makes life enjoyable with all the activities to appreciate the city culture. The locals are prideful of being San Antonians and are very friendly. Real estate here is what you expect with your money in a house. Coupled with the job growth projections, San Antonio is ideal for buying and investing in real estate.
Contact me if you are looking for a Realtor to help you BUY or Sell a home in San Antonio Texas, Windcrest or surrounding areas.
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(Please posts your comments and thoughts on your Reasons San Antonio is Great for Real Estate if you have any thoughts to add to the discussion.)