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April 25th, 2019 by Marco Santarelli
San Antonio Real Estate Market 2019 Statistics
If you are looking at buying a house in San Antonio as a potential investment opportunity, you must read till the end. Home prices in the San Antonio real estate market are expected to rise by 3.3% in this year. San Antonio is a major city in south-central Texas with a rich colonial heritage. Texas rivals California and New York in terms of population and economic clout. The Lone Star State is also attracting people from those states and the rest of the country, though it gets more than its fair share of immigrants from other countries, too.
If you are a home buyer or real estate investor, San Antonio real estate market definitely has a track record of being one of the best long term real estate investments in the U.S. in the last decade. Let’s take a close look at the San Antonio housing market trends and forecasts for 2019 & 2020 and find out why you should invest in this hot market in the state of Texas.
San Antonio Real Estate Market Forecasts 2019 & 2020
According to Zillow.com, the median home value in San Antonio is $176,800. San Antonio home values have gone up 7.0% over the past year and their San Antonio real estate market prediction is that the prices will rise 3.3% in 2020. The median list price per square foot in San Antonio is $122, which is lower than the San Antonio-New Braunfels Metro average of $128. The median price of homes currently listed in San Antonio is $243,000. The median rent price in San Antonio is $1,300, which is lower than the San Antonio-New Braunfels Metro median of $1,350.
According to LittleBigHomes.com, the San Antonio real estate market forecast for the 12 months ending with the 3rd Quarter of 2019 is positive. Their accuracy of the San Antonio real estate market trend prediction is 76%. Accordingly, they estimate that the probability for rising home prices in San Antonio is 76% during this period. If this Housing Market Forecast is correct, home prices will be higher in the 3rd Quarter of 2019 than they were in the 3rd Quarter of 2018.
San Antonio Housing Market Forecast 2019 – 2021
The San Antonio housing market forecast for the 3 years ending with the 3rd Quarter of 2021 is also positive. The accuracy of the San Antonio housing market trend prediction is 73%. Accordingly, LittleBigHomes.com estimates that the probability for rising home prices in San Antonio is 73% during this period. If this Housing Market Forecast is correct, home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd Quarter of 2018.
Check this page each quarter for updates to the San Antonio Real Estate Market Forecast.
San Antonio Real Estate Market Trends
San Antonio real estate market trends show a 0% week-over-week rise in average listing price and a 2% rise in median rent per month. Trulia.com has 3,899 resale and new homes for sale in San Antonio, TX, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
According to a report published in Sanantoniotxforsale.com, 2018 was a fantastic year for San Antonio real estate market. One of the largest driving forces behind the thriving real estate market is the growing economy. The San Antonio area is a hotbed for new jobs, and not just any jobs. According to KSAT12, job growth in the region is specifically focused within several pivotal sectors, including technology and cybersecurity.
Rising prices may keep some from participating in the market, high property taxes can deter the expected growth and housing inventory levels are anticipated to remain low, but the reality is San Antonio continues to rank as one of the best places to live across the country. As people begin to take notice that San Antonio is one of the best places to visit, and has one of the fastest-growing economies in the country, the city will surely end up in the national spotlight this year.
Despite challenges with low inventory levels, the San Antonio real estate market shattered records and continued to perform well in 2017. As per data released by San Antonio Board of Realtors:
Data by Redfin.com shows that the San Antonio housing market is somewhat competitive. Homes in San Antonio receive 2 offers on average and sell in around 50 days. The average sale price of a home in San Antonio was $211K last month, up 5.0% since last year. The average sale price per square foot in San Antonio is $114, up 6.5% since last year. Homes typically receive 2 offers. Homes for sale in San Antonio, TX sell for about 2% below list price and go pending in around 50 days. Hot Homes in San Antonio, TX can sell for around list price and go pending in around 21 days.
San Antonio Housing Market Statistics
There are 11,192 homes for sale in San Antonio, ranging from $2.7K to $12.9M on Realtor.com. 810 of which were newly listed within the last week. Additionally, there are 2,234 San Antonio rental properties up to $9.5K per month. Homes in San Antonio sell faster than average compared to other cities in Bexar County.
The median list price of homes in San Antonio, TX was $218K in February 2019, trending up 6.3% year-over-year. The median listing price per square foot was $116. Homes in San Antonio, TX sold for 3.03% below asking price on average in February 2019. On average, homes in San Antonio, TX sell after 126 days on the market. The trend for median days on market in San Antonio, TX is flat since last month, and flat since last year.
The median list price in San Antonio is $279,990 on Movoto.com. The median list price in San Antonio was less than 1% change from March to April. San Antonio’s home resale inventories is 4,839, which increased 0 percent since March 2019. The median list price per square foot in San Antonio is $128. March 2019 was $127. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in April.
San Antonio-New Braunfels Housing Market Area
The San Antonio-New Braunfels Housing Market Area (HMA) encompasses eight counties in south-central Texas. The principal city of San Antonio, the seventh most populous in the United States, is in Bexar County. The city of New Braunfels, in Comal and Guadalupe Counties, is 30 miles northeast of the city of San Antonio. Surrounding Bexar County, Atascosa and Wilson Counties to the south, Bandera and Medina Counties to the west, and Kendall County to the north complete the HMA.
According to a 2016 publication by Huduser.gov, economic conditions in the San Antonio-New Braunfels HMA have improved since 2010, with nonfarm payrolls expanding at an increasing rate each year. Payrolls increased by an average of 13,600 jobs, or 1.7 percent, annually from 2001 through 2008 and reached a high of 860,400 jobs, which included the 2,000 manufacturing jobs added in 2006 when Toyota Motor Corporation opened an $850 million manufacturing facility.
As a result of the national recession, which lasted from December 2007 until June 2009, payrolls in the HMA declined in 2009 by 15,900 jobs, or 1.8 percent. The effects of the national recession were moderate in the HMA, in part because of strong growth in the education and health services sector and the stability of the government sector.
San Antonio Single Family And Multi-Family Homes
Following the housing market decline in 2007, single family rental properties became favorable options for investors, saving in construction or refurbishment prices. The quick turnaround for an owner to rent out their property means cash flow is almost immediate. Single family rental homes have grown up to 30% within the last three years. Almost all the housing demand in the US in recent years has been filled by single family rental units
As per the data from the real estate company called Neigborhoodscout.com, the median house price in San Antonio is $148,636, which indicates that home prices in San Antonio are well below the national average for all cities and towns.
Single family detached homes are the single most common housing type in San Antonio, accounting for 63.26% of the city’s housing units. Other types of housing that are prevalent in San Antonio include large apartment complexes or high rise apartments ( 26.52%), duplexes, homes converted to apartments or other small apartment buildings ( 6.22%), and a few row houses and other attached homes ( 2.50%).
The most prevalent building size and type in San Antonio are three and four bedroom dwellings, chiefly found in single family detached homes. The city has a mixture of owners and renters, with 54.52% owning and 45.48% renting. Currently, there are 7,396 single family homes for sale in San Antonio, TX on Zillow. These include upcoming potential listings. Additionally, there are 1,280 single family homes for rent in San Antonio, TX.
San Antonio, TX Foreclosures And Bank Owned Homes
Foreclosures will be a factor impacting home values in the next several years in San Antonio. The percent of delinquent mortgages in San Antonio is 1.6%, which is higher than the national value of 1.1%.
There are currently 1,192 properties in San Antonio, TX that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 3,138. In March 2019, the number of properties that received a foreclosure filing in San Antonio, TX was 31% lower than the previous month and 20% lower than the same time last year.
Home sales for February 2019 were up 0% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home in San Antonio was $0. The median sales price of a foreclosure home in San Antonio was $0, or 0% higher than non-distressed home sales.
San Antonio Home Prices And Real Estate Appreciation
San Antonio real estate appreciated 44.26% over the last ten years, which is an average annual home appreciation rate of 3.73%, putting San Antonio in the top 10% nationally for real estate appreciation. During the latest twelve months, San Antonio’s real estate appreciation rate, at 5.82%, has been at or slightly above the national average. In the latest quarter, San Antonio’s real estate appreciation rate has been 1.95%, which annualizes to a rate of 8.05%.
The above statistics on real estate appreciation in San Antonio were taken from NeighborhoodScout.com. You can visit their page for more information. Relative to Texas, their data shows that San Antonio’s latest annual real estate appreciation rate is lower than 80% of the other cities and towns in Texas.
10 Best Neighborhoods In San Antonio For Real Estate Investment
There are 756 schools in San Antonio, TX. There are 337 elementary schools, 179 middle schools, 131 high schools and 109 private & charter schools. There are 191 neighborhoods in San Antonio. Some of the best neighborhoods in or around San Antonio, Texas are Stone Oak, Timberwood Park and Vance Jackson.
The Dominion has a median listing price of $692K, making it the most expensive neighborhood. Highland Hills is the most affordable neighborhood in San Antonio, with a median listing price of $133,300. Here are the 10 best neighborhoods in San Antonio to invest in real estate because they have the highest real estate appreciation rates (List by Neigborhoodscout.com).
Is San Antonio a Good Place To Invest in Real Estate?
Investing in real estate is touted as a great way to become wealthy. Is San Antonio rental property good for investment? Planning to invest in the San Antonio real estate market? Many real estate investors have asked themselves if buying a property in San Antonio is a good investment? You need to drill deeper into local trends if you want to know what the market holds for the year ahead.
We have already discussed the San Antonio housing market 2019 forecast for answers on why to put resources into this sizzling market. The home prices in the San Antonio housing market will be on an upswing all through 2019. The San Antonio home prices are expected to rise by 3.3% in 2020. San Antonio is home to roughly one and a half million people. San Antonio’s suburbs are home to another million people.
This makes the San Antonio housing market too big to ignore. And there are a number of factors that make San Antonio a more attractive real estate market than hotter markets like Dallas and Houston. Here are ten real reasons to invest in the San Antonio real estate in 2019.
1. Fast Growth
San Antonio is the seventh largest city in the United States. According to Wikipedia, it was the fastest growing city among those in the top ten. The San Antonio real estate market is seeing property valuations skyrocket because of the challenge of meeting the demand of everyone moving here for work or mere opportunity. The San Antonio housing market is trying to cope with a city growing at roughly 2% a year.
2. Demographic Momentum
The median age of a San Antonio resident is 33 while the average U.S. resident is nearly 38 years old. The average household in San Antonio has 2.8 people while the U.S. household has 2.6. These stats represent a community that is younger and has more children than average. San Antonio’s rapidly growing economy means that many of the children born here will stay here, fueling the San Antonio real estate market for another generation.
3. Clear Growth Channels
San Antonio sits at the intersection of Interstate 35 and Interstate 10. This makes San Antonio a major transit corridor, but it also provides clear lines of growth. Businesses and, eventually, residential development are expanding along these lines. As warehouses and service businesses expand along these major thoroughfares, single family homes and condos follow. You don’t have to worry about where to build – you know the city will expand that way eventually.
4. The Military Rental Market
For those who want to invest in rental real estate, the San Antonio real estate market is an ideal location because of the outsized military presence. Fort Sam Houston is located inside the city limits. Lackland Air Force Base, Randolph Air Force Base, Camp Bullis and Camp Stanley are located in the immediate vicinity. This means that there is a large population that will almost always rent because they don’t know where they’ll be sent on their next assignment.
5. The Lure of Employment
Why is San Antonio developing so quickly? The answer is the fast growing job market. When a military base closes, this can be a serious blow to the economy of a city. San Antonio turned the closed Kelly Air Force Base into Port San Antonio, an aerospace and industrial park that provides as many high paying jobs as the closed military base. Six Fortune 5000 companies are located here.
Toyota built a manufacturing plant in San Antonio. Automotive suppliers like Indo-MIM are moving in to supply companies like Toyota, adding to the employment base while diversifying it beyond tourism and defense. In short, the San Antonio real estate market is bolstered by many moving in who hope to find work even if they don’t have a job today.
6. Excellent Profit Margins for Landlords
San Antonio has a dearth of affordable housing because demand is so much greater than the supply. This has created a large number of renters who need to pay quite a bit to rent apartments or single family homes. We know there is a lack of housing relative to demand when a balanced market has a 6 month home inventory and San Antonio has only a two month inventory.
7. Lower Cost Investment Opportunities for Landlords
Texas overall is seeing the housing market shift. In 2011, two thirds of homes sold cost less than $200,000. In 2017, these same homes were only two fifths of those sold. When you compare the price mix of different Texas real estate markets, Houston and Fort Worth have seen a significant increase in homes costing $200,000 to $400,000, while the San Antonio real estate market is skewed cheaper. If you’re buying rental real estate, you can find more homes that are cheaper than average here than you could other hot Texas markets.
8. Limited Supply Keeps Rents and Property Values Up
San Antonio has been hit with a double whammy with regard to its efforts to meet housing demand. San Antonio has lagged behind other Texas cities in the recovery of its home building industry; housing starts grew by 63% in San Antonio since 2011 while rising by 181% in Austin. This means the fast growth of neighboring cities like Austin is sucking in the talented craftspeople that would be needed to build more homes in San Antonio.
The shortage of construction workers means that home prices are still going up while it takes longer to meet demand than it does in Dallas-Fort Worth, Austin and Houston. The matter was only made worse by the number of people who moved down to Houston to aid in the rebuilding there after Hurricane Harvey.
9. The Redevelopment Potential of the South Side
San Antonio’s new construction has been focused on the north side of the city, while the south side has languished. However, the low prices for land and property such a short distance of downtown is leading to major redevelopment in the area. Infrastructure like sewers and new roads are being built on the southern nearly-rural side of San Antonio, especially long neglected areas barely inside Loop 410. The southern riverfront, too, is attracting interest as resorts and hotels pop up along the stretch of river known as Mission Reach.
10. A Landlord Friendly State
The state of Texas has an efficient eviction process. Leases can list repairs the tenants must make at their own expense. Texas doesn’t set a limit on security deposits. The state doesn’t require landlords to have specific security devices in place.
San Antonio Real Estate Investment
Maybe you have done a bit of real estate investing in San Antonio, TX but want to take things further and make it into more than a hobby on the side. It’s only wise to think about how you can and should be investing your money. If you invest wisely, you could secure your future. If you are a beginner in the business of cash flow real estate investing, it very important to read good books on real estate.
Most investors naturally gravitate to residential property investment. When looking for the best real estate investments, you should focus on markets with relatively high population and employment growth. Both of them translate into high demand for housing. If housing supply meets housing demand, real estate investors should not miss the opportunity since entry prices of homes remain affordable.
You must also collaborate and learn from savvy real estate investors who have retired early on in their lives by investing in some of the best real estate markets like San Antonio, TX. San Antonio is a fast-growing city that literally cannot keep up with the population growth, keeping rental rates and property values high. Redevelopment on the south side and as land use shifts creates opportunity.
Buying an investment property is different from buying an owner-occupied home. Investment properties are designed to make money as rentals, which means you must look at it solely as an income producing entity just like any other business.
Whether you are a beginner or a seasoned pro you prob
ably realize the most important factor that will determine your success as a Real Estate Investor is your ability to find great real estate investments.
According to real estate experts, buying in a market with increasing prices, low interest, and low availability requires a different approach than buying in a cooler market.
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Best Places In Texas To Invest In Real Estate
Another market to go for diversifying your investments is Dallas. Dallas is a great market because it has a strong economy and a constant population growth and will make your pockets bigger. As rents goes up smart investors should invest in Dallas.
Dallas’s local economy is a mix of aerospace, computer chips, telecommunications, transport, energy, and healthcare sectors and the Finance and Business services. These sectors are all providers of good wages which allows for a strong market for Dallas investment properties.
Similarly, Houston is another great market for investing in real estate. Houston, TX is becoming a hotbed of buyer activity that could be really beneficial for real estate investors; just ask the multitude of overseas investors who are choosing Houston as the city of choice to invest in for the foreseeable future.
The Houston metro area offers great opportunities for investors who are looking for a stable market that offers both cash flow and equity growth at a price that is STILL well below their replacement value. The median home value in Houston is $185,600. Houston home values have gone up 7.2% over the past year and their Houston real estate market prediction is that they will rise 3.4% within the next year.
The El Paso real estate market is another hot market to invest in. El Paso real estate market 2019 was ranked at 4th in Trulia’s hottest real estate markets to watch in 2018. El Paso’s strong job growth, affordability, low vacancy rates and high population of young household were pivotal in the ranking process.
The cost of living in El Paso is lower than the national average, while the cost of housing is well below that of other major metropolitan areas, including Houston and Austin. The Central, Cielo Vista and Mesa Hills areas offer more affordable rental properties for sale, while neighborhoods in the northwestern and eastern parts of the metro area have some of the more expensive housing inventory. The amount residents spend on everyday expenses, such as food and transportation, is slightly less than what the average American pays.
With Austin, Texas, becoming a more diverse city every year, there are plenty of opportunities to take advantage of – from buying new homes to different investing options in the Austin housing market 2019. Austin is a leader across the country with jobs and when you combine that with home prices not as drastically increasing, you’ll get a real estate market that many others envy.
Homes in Austin are 23% cheaper than the national average. It may be the second most expensive housing market in the state with a median home price of around $350,000, but it is still far cheaper than California or New York. Buy up condos or townhomes, and you’ll be able to see a sizable return on the investment.
The Dallas-Fort Worth area is exploding due to its strong job market, low housing costs, and low taxes. The Fort Worth housing market presents an excellent opportunity for investors because it is both cheaper than its big brother and providers a wider variety of properties.
The Fort Worth real estate market has a much lower density than the Dallas real estate market. You can find high density housing in downtown Fort Worth, but it is far easier to find horse-friendly properties in the Fort Worth real estate market than the distant suburbs of Dallas. This is, of course, in addition to the luxury housing markets in both cities.
Let us know which real estate markets you consider best for real estate investing! If you need an expert investment advise, you may fill up the form given here.
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*Remember, caveat emptor still applies when buying a property anywhere. The information contained in this article was pulled from third party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.
Market Trend and Forecast https://www.sanantoniotxforsale.com https://www.neighborhoodscout.com/tx https://www.trulia.com
Housing Supply https://opportunityurbanism.org/2017/11/price-texas-growth-housing-affordability
Limited supply of houses and house builders.
South Side redevelopment
Market Data, Trends And Statistics https://www.zillow.com/sanantonio-tx/home-values https://www.littlebighomes.com/real-estate-san-antonio.html https://www.trulia.com/real_estate/San_Antonio-Texas https://www.realtor.com/realestateandhomes-search/San-Antonio_TX/overview https://www.movoto.com/san-antonio-tx/market-trends https://www.neighborhoodscout.com/tx/san-antonio/real-estate https://www.realtytrac.com/statsandtrends/tx/bexar-county/san-antonio
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