North San Antonio 2016 Real Estate Trends

July 13, 2016    By: mramirez


Positive Real Estate Trends Indicate North San Antonio Is A Great Location for Home Buyers in 2016

 

Ranked 3rd among the best places to invest in housing in 2016 by Forbes magazine, San Antonio overall is a top market for home buyers with homes for sale in North San Antonio being among the most highly sought-after in the city.  Home values continue to rise and were up 6.8 percent over the past year and are expected to rise another 4.4 percent in 2016.  According to the San Antonio Board of Realtors, the average price of single-family homes in San Antonio in May 2016 was $249,024, a 2% increase over the same period last year. Homes priced between $200,000 and $500,000 accounted for 47.6% of the homes sold during that period.  Median listing prices in the North San Antonio area range from $325,000 to $709,000 varying by neighborhood and home builders in the community.

San Antonio also continues to see steady population growth as the 6th fastest growing metro area in the U.S. with a population of 1 million or more, growing by 2.2 percent, from 2,332,790 to 2,384,075 people last year. Coupled with the 3.7 percent year-over-year job growth in San Antonio, employment opportunities continue to rise with a number of IT, Energy and other service related companies establishing headquarters in and around North San Antonio.  Many of these companies have become the top rated workplaces in the city and are located within minutes of established communities including, The Bluff at the Dominion, considered one of the most prestigious North San Antonio communities.  Top employers include companies such as USAA, Rackspace, UTSA, Valero Energy, SWBC and many more.

Families with students that live in North San Antonio attend the 4th largest school district in Texas, Northside Independent School District.  NISD is a top ranked school district with all schools meeting or exceeding TEA standards, including five of the NISD campuses achieving Distinction Designations in all areas in which they were eligible and 67 campuses receiving a Distinction Designation in one or more area.

The vibrant economy, affordable housing market and top rated schools make North San Antonio one of the most appealing areas in the country to live, evidenced by the growing population.  Sitterle Homes, a premier San Antonio new home builder, offers homes throughout the area including The Bluff at the Dominion, a stunning garden home community in the prestigious and well-established Dominion community.

Contact our new home consultants today to learn more about where the best places are to build your dream home in San Antonio.