Home Buyers Are Finding A More Crowded Field Of Competition In San Antonio

After several years of strong and steady increases in residential home sales and prices the San Antonio market shows no signs slowing.

June 15, 2019 / / —

“Population growth and employment are the key drivers of any city’s residential real estate market and we are getting plenty of both in San Antonio,” stated R. D. Campbell, owner of San Antonio Home Buyers, a group of house buyers in San Antonio. “And with our lower inventory levels we are seeing multiple home buyers making offers on a single property. This competition is leading to offers above the asking price for the home. The advantage goes to those who are swift or can make all cash offers or both,” he said.

A recent report released by the San Antonio Board of Realtors documented the upward trends in the residential housing market. One of the most significant numbers released was the 32,000 sold homes in 2018. That was an all-time high for residential transactions. Prices also saw corresponding up-trends with a five percent increase in the median sale price to $225,600 for 2018. Inventories of homes for sale have ranged between 3.2 and 3.6 months which is near historic lows. A normal inventory level is considered to be five or six months of inventory.

“We have also seen a sizable jump in the sales of higher prices homes above $350,000. This suggests that there are more home buyers in San Antonio with higher levels of income. Employment in the technology and medical sectors is strong as well as the military. However, San Antonio still remains one of the most affordable large cities in the country. Almost 40 percent of all home sales last year were below $200,000,” commented Mr. Campbell.

San Antonio saw a huge increase in the percentage of homes sold above their asking prices in 2018. A Zillow report stated that 44 percent of all San Antonio homes sold were above the asking price in the latter half of 2018.

San Antonio’s population is above 1.5 million people and when the broader metro area is viewed the population number nears 2.5 million. Census numbers document San Antonio’s growth rate to be more than the double the national rate during the seven year period between 2010 and 2017. This type of rapid growth fuels demand for both rental and owner occupied housing.

“We are five months into 2019 and the upward real estate trends in San Antonio are very similar to last year. In addition to being one of the most historical cities in the United States, San Antonio is also one of the most desirable with a great climate and low cost of living. When compared to Austin, with average home prices in excess of $400,000, we look like a bargain. Plus we have some really good Mexican food here,” said Mr. Campbell.

San Antonio Home Buyers is focused on buying houses from home sellers who need to sell quickly, have a life changing event, or have a house that is in need of numerous repairs. They often buy houses, repair and remodel them, and then put them back on the market with a traditional realtor.

Company Name: San Antonio Home Buyers
Contact Name: R. D. Campbell
Country: United States
Phone: (210) 461-5996
Email: info@sanantoniohomebuyers.net
Website URL: http://SanAntonioHomeBuyers.net/

Contact Info:
Email: Send Email

Source URL: https://marketersmedia.com/home-buyers-are-finding-a-more-crowded-field-of-competition-in-san-antonio/524858


Release ID: 524858

Latest News

Famed architect Cesar Pelli dies at 92

Jul 21, 2019

NEW HAVEN, Conn. — Architect César Pelli, renowned for designing some of the world's tallest buildings, has died, his firm said. He was 92. Pelli, an Argentine-American whose work ranged from skyscrapers in Malaysia and New York to an arena in Tulsa, Oklahoma, died Friday at his home in New Haven, Connecticut, said Anibal Bellomio, a senior associate architect at Pelli Clarke Pelli Architects. Pelli's cause of death wasn't specified. After growing up in Depression-era Argentina, Pelli rose to the literal heights of the architectural world. At 1,483 feet (452 meters) tall, his Petronas Towers in Kuala Lumpur, Malaysia, are...

Co-stars say Huffman remorseful for role in college case

Jul 21, 2019

LOS ANGELES — Felicity Huffman's co-stars in a new Netflix movie say they found her remorseful about her role in a college admissions scandal. Actress Angela Bassett said Huffman appears ready to take whatever steps are necessary in her case. Patricia Arquette said she believes Huffman feels terrible about her participation in the case. Huffman didn't meet reporters to promote the film "Otherhood." She pleaded guilty in May to paying $15,000 to a college admissions consultant to have a proctor correct her daughter's answers on the SAT. "Nobody is perfect in this world," Arquette said. "And I do think she's...

Trump administration trying to bring A$AP Rocky home

Jul 21, 2019

WASHINGTON — First lady Melania Trump says her husband's administration is working with the State Department to try to bring rapper A$AP Rocky home. The president also tells reporters that many members of the African American community have asked him to intervene. The platinum-selling, Grammy-nominated artist has been behind bars in Sweden while police investigate a fight he was involved in in Stockholm earlier this month. Kim Kardashian West, Diddy, Justin Bieber, Shawn Mendes and Nicki Minaj are some of the celebrities who have shown public support for the Grammy-nominated Rocky. Kardashian West thanked Trump, Secretary of State Mike Pompeo...

David Crosby opens up in new documentary 'Remember My Name'

Jul 21, 2019

LOS ANGELES — David Crosby has turned down no fewer than four biopics about his life. None of them captured the scope of his turbulent life. But he said yes when director A.J. Eaton he proposed a documentary. At 77, in relatively poor health yet creating some of the best music of his career, Crosby was ready to talk. And a chance run-in with Cameron Crowe, who has known Crosby since the director was a teenager, meant they also had the perfect person to ask the questions. The film, "David Crosby: Remember My Name," opens in New York and Los...

Records detail frenetic effort to bury stories about Trump

Jul 21, 2019

NEW YORK — Court records released Thursday show that President Donald Trump took part in a flurry of phone calls in the weeks before the 2016 election as his close aides and allies scrambled to pay porn star Stormy Daniels to keep quiet about an alleged affair. The documents detailing calls and text messages were made public as federal prosecutors closed their investigation into the payoff — and a similar payment to Playboy model Karen McDougal — with no plans to charge anyone in the scandal beyond Trump's former lawyer and fixer, Michael Cohen. Federal prosecutors in New York said...

Sign up now!