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Real Estate News - Greater San Antonio


April 3, 2008
Everyone's talking about the R Word!

So, I hear almost everyone (on the news!) talk about the dreaded R word...recession.

However, here in San Antonio and the surrounding areas I noticed a few other things going on.  I reviewed the latest statistics from the San Antonio Board of Realtors (to view the stats yourself, go to ...http://www.sabor.com/images/upload/mls-stats0208.pdf ) Interesting enough is that the areas the encompass Garden Ridge, Bulverde, Spring Branch have all had sales increase of the month of February '08 compared to the February in '07.  Looks like an increase of 8 more sales, but VERY interesting is that the median price range increase by over $7.00 per square foot.  The other areas that I compared was the Schertz, Cibolo, Marion, Universal City and Randolph AFB areas.  These areas also had an increase of sales from 96 in 2007 to 108 in 2008.   However, this area had a dip in the price per square foot by -.7.  Also note that in both of these areas there was a little longer days on the market.  Garden Ridge, etc. had an increase of 4 days longer on the market, while Schertz/Cibolo, etc. was increased by 12 days.  One thing that we need to keep in mind also while reviewing these statistics is that these properties were placed up on the market at the end of 2007 (notoriously a slower time frame of year to sell). 

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April 2, 2008
Downtown Growth
It's hard to imagine, but little sleepy San Antonio (depening on how long you have lived here...me, 41 years!) is growing up.  It used to be that nobody was interested in living downtown let alone BUYING a lofty loft!  My, how progress does change things.  There are many projects that have been from the "new" construction to the "renovation" construction to all become a CONDO or LOFT with a great view of our skyline.  An article in today's paper also sited the most recent project that is constructed from steel and being turned into some nifty condos'.....check it out!  http://www.mysanantonio.com/business/realestate/stories/MYSA032108.01C.SteelHouse_032108.3297091.html

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