San Antonio Real Estate Investment by NuWire Investor
April 16, 2008
San Antonio Real Estate Prices
“I think the most exciting thing about San Antonio [real estate] is its affordability, and that’s in comparison not only to the [rest of] the United States but even within Texas,” Hale said.
The median price for a single-family home was an estimated $145,000 in February, according to MLS statistics generated by the San Antonio Board of Realtors. As of publishing time, the overall median price was estimated at $164,900 by Yahoo! Real Estate.
For the city of Austin, located 80 miles Northeast of San Antonio, the median home price is considerably higher—an estimated at $289,900, according to Yahoo! Real Estate.
Prices have remained stable in spite of a brief bubble that was created in 2006—“a bumper-crop year” for housing inventory, according to Lewis.
When East and West Coast markets started to experience a downturn in 2006, investors flocked to San Antonio and purchased a great deal of new housing. However, investors soon realized that San Antonio is “not a flipping market,” Spicer said.
“The market is not…a good one for greed,” Hale said. “It’s for somebody who wants less risk [and] longer-term gains.”
Although the San Antonio real estate market is still recovering from its bout with excessive speculation two years ago, housing supply is expected to regain its balance later this year.
“We have an excess of speculation inventory on the ground…that [we need] to eradicate but we expect to have that…off the books by August—that’s the last prediction I heard,” Hale said.
Read the entire article written by Melana Yanos at www.NuWireInvestor.com
Comments
One Response to “San Antonio Real Estate Investment by NuWire Investor”
The real estate investments are having full profit for the investors in the property investments, It is a market with less risk and high profits or long term gains to the investors.