Things to Know about San Antonio’s Housing Market

Considering buying a home in the lovely city of San Antonio? Here are three things you should know!

  1. Beginning in 2007, the San Antonio housing market emerged as a leader in the construction of new homes. Since then, the value of homes in the San Antonio market has steadily continued to climb. According to Metrostudy’s report, the annual rate of new home closings as of 1Q15 registered at 8,810 homes, a 6.1% increase from 1Q14. It appears that this demand for housing has been fueled by the steady increase in new jobs, which grew at a pace of 28,500 jobs per year over the last four quarters.
  2. The real estate market is steadily growing! A significantly higher number of homes are being sold for a better value. Approximately 1,500 single family homes were sold across the city in the first of month of this year. Homes are only staying on the market for 74 days, which is 3 days fewer than last year (2014).  This positive market trend can be attributed to the surging economy and job growth in San Antonio.  This is why Arcadia Ridge was born, to accommodate those who need an affordable, comfortable, yet still luxurious home in San Antonio. Arcadia Ridge’s community is nestled within a short commute of all that San Antonio has to offer, near major entertainment options, well known corporations, and a quality school district for your children. Arcadia Ridge offers an affordable and comfortable alternative to families seeking homes in West San Antonio.
  3. The housing market shows no indication of slowing down anytime soon. With a low inventory of single family dwellings, the upward trend in housing market continues. As inventory narrows, competition amongst buyers’ increases and prices rise. A limited inventory forces buyers to actively search for homes. When one becomes available other people in a similar position will likely be eyeing the same home, so buyers must act fast. Arcadia Ridge hosts award winning home builders and a diversity of floor plans providing you and your family an array of spectacular homes to choose from.

Essentially, there has never been a greater time than now to purchase a home in San Antonio. Reserve your new home now and be a part of the West San Antonio’s premier new home community.

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