Which San Antonio Neighborhoods Have The Highest Home Price Appreciation
July 18, 2008
In real estate, all cities have certain hot neighborhoods. These are the communities where homes sell faster and for more money.
In San Antonio, those jewel hoods historically have included Alamo Heights, Monte Vista, King William and Castle Hills.
But new rankings of price appreciation show that some of the old kings have been deposed. So far this year, Stone Oak, the Dominion, Colonies North, Olympia and Olmos Park experienced the highest price appreciation from Jan. 1 to June 24, compared to the same period last year, according to the San Antonio Board of Realtors.
The expected favorite, Alamo Heights, just barely made the top 10 rankings, squeezing in at No. 9 with a 4.1 percent price appreciation. Its higher-priced neighbor — Terrill Hills, with a 14 percent average price drop — was No. 29 on the list of 30 subdivisions. King William didn’t even break the top 30.
What was the appeal for the hot hoods this year? It seems San Antonians are looking for homes near highways, near major retail areas and with plenty of trees.
Travel Demands
Four of the top five fastest-appreciating subdivisions have entrances onto a feeder road for a local highway. Even inner-city Olmos Park benefited from having direct highway access to downtown offices, a popular feature for home buyers, according to real estate experts.
Read the entire article “S.A. hottest hoods” written by Express-News Business Writer Aïssatou Sidimé.
Comments
