Is it still a buyer’s market today in San Antonio and Surrounding Cities. ? As experts in the San Antonio and Surrounding Cities. real estate market, we get asked this question a lot.
The answer isn’t as simple as yes or no.
The State of the Market for Buyers in San Antonio and Surrounding Cities. TEXAS
First off, it really depends on the property type and location.
Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.
Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.
But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of San Antonio and Surrounding Cities. , but seem to be rebounding as the rental market increases.
Investment properties are in demand. The massive amounts of foreign cash flooding in to invest in US real estate have impacted the San Antonio market in unique ways.
Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace.
Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.
Financing is still at historic lows and great for buyers. Excellent interest rates are allowing buyers to upgrade and keep their monthly payments where they can still afford the property. As long as the Federal Reserve keeps the interests rates low, the market will expand.
Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Sound confusing? It is. But We Can Help.
There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once.
We’re investing in San Antonio and Surrounding Cities. because we believe in the community and the people here.
If you need to sell a property near San Antonio and Surrounding Cities. , we can help you.
We buy properties like yours from people who need to sell fast.