Real estate trends in San Antonio, Texas

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For this blog, Gene Bernshtam answers some frequently asked questions about important residential and commercial real estate trends in San Antonio, Texas. What is happening in San Antonio? It's no surprise that the population of San Antonio has been growing rapidly. Since 2000, it's grown by over 40%, with an impressive 18% since 2010 alone. This makes San Antonio one of the fastest-growing cities in Texas and among the top 10 fastest-growing cities in America. Now home to approximately 1.4 to 1.5 million people, San Antonio has become the second-most populous city in Texas. According to Forbes, some of the largest companies in the U.S., including USAA, Tesoro Petroleum Corp., NuStar Energy L.P., and Valero Energy Corp ., operate headquarters or major divisions in San Antonio. In addition, the city's many military facilities have brought in large numbers of civilian jobs related to supporting them, and an increasingly diverse economy is helping the area thrive. What does this mean for real estate? Real estate in San Antonio has been expanding rapidly with this population boom. For example, about 50 people per acre live in San Antonio, which is more than twice the density of people per acre in Austin.

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What are some recent trends?

Demand for housing has been increasing quickly, with single-family homes being particularly popular. Sales have doubled over the last five years, and new home construction has been up by one-third since 2006. In 2014, buyers paid an average of $232,000 for a home in San Antonio.

What about commercial real estate?

With an incredibly large population to serve and new businesses continuing to open, demand has been particularly strong for commercial property and residential property. For example, an office building recently sold for $20 million.

What does this mean for investors?

The expanding population and thriving economy in San Antonio mean that now is a great time to invest in real estate there. There are many opportunities for investors, both commercial and residential, Gene Bernshtam adds.

Learn more about Gene Bernshtam, his work, and real estate in general here.

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