Resales$100,000 Homes Sell Fast In San Antonio, Texas
With lots of jobs coming to the city, San Antonio, Texas offers opportunity along with cultural diversity and beauty.
"This beautiful, progressive and culturally diverse city offers some of the best home values in the nation," exclaims Realtor Tricia Curbello. "Most families planning to relocate to San Antonio can expect to find a lovely home priced under $150,000.00 in almost any part of the city! Now is the time to buy while interest rates remain low and the summer season brings more homes to the market, creating a more neutral market for buyers and sellers. However, there is still a seller"s market in homes priced under $100,000.00 as a seller can expect many offers on a well-maintained home. Homes priced between $100,000 - $200,000 are in a neutral market and generally sell within 60 to 120 days. There is a slight buyer"s market in homes priced from $200,000 to $500,000, as there are more homes than financially able buyers, especially in homes priced over $500,000.00."
San Antonio is the future home of the PGA with two championship golf courses," says Realtor Sam Schifano. "Toyota will start production of the Tundra truck line in 2006 which will create thousands of new jobs. Forty percent of the homes sold in 2004 were under $100,000. Forty-three percent from $100-200,000 dollars. Ten percent between $200-299,999 dollars and the remaining seven percent above $300,000. San Antonio experienced a 7 percent increase in home values in 2003 and 2004 continues to increase this upward trend. The hottest areas for growth continue to be the Northwest and Northcentral areas. With interest rates creeping up, we are beginning to see more buyers making the move to buy instead of waiting. Compared to other real estate markets, San Antonio still has very affordable homes."
Say Realtors David and Mary Bowman, "While home values are still a bargain when compared to the rest of the nation, San Antonio"s real estate market is maturing. This coincides with a stable growth in the local job market. Low interest rates are making things interesting. They have created the ideal move-up market. Buyers are saving thousands of dollars in interest and sellers are able to recover equity. Homes priced under $150K are in short supply and are selling at or near list price quickly. The $150-250K sector is almost as active with a better supply. The $250-500K sector shows more inventory. The over $500K sector favors the buyer.
They advise, "But make no mistake, excellent homes in all sectors are moving briskly and buyers should not hesitate when you find that right home. In this environment of change, it helps to have an experienced Realtor with professional skills and integrity you can rely on."
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