2015 Real Estate Sales Trends in San Antonio, TX
This year has shaped up to be one of the most active periods on record for San Antonio real estate. So much is happening that it’s hard to keep up with it all, but the Sitterle Homes’ team is here to help you identify the most important housing trends.
Accelerated Development in West San Antonio
West San Antonio is primed to become the next hot spot for new development. The latest survey from the National Association of Home Builders shows that confidence in U.S. markets is stronger than it’s been in the past 10 years. San Antonio residents can expect to see lots of new development in the western sections of the city as the employment base and improved infrastructure continues to grow.
San Antonio’s Trendiness is Increasing Home Sales
The Alamo City is now considered a hip secondary market for investors and home developers. This trend of being trendy has been noted in the PwC’s recent Emerging Trends report and helped San Antonio land the #20 spot on the Urban Land Institute’s list of the top markets to watch in 2016.
Cash Sales Are Down Indicating Market Stabilization
Findings from CoreLogic show that cash sales in San Antonio were down by nearly 3% at the end of July compared to the same time last year. Cash sales made up 26.5% of the total July sales in San Antonio, which is just 1.5% higher than the pre-recession levels. This is a key indicator that the market has stabilized and traditional home lending is on the rise.
For more information on housing trends in San Antonio stop by any of Sitterle Homes’ communities to talk with a local real estate expert.