San Antonio Real Estate Market Trends 2024
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San Antonio Real Estate Market Trends
San Antonio’s real estate market has plenty of investment opportunities as of April 2024. Currently active listings are +34% YoY comparing 2024 vs 2023, despite sales being fairly flat due to a slower population growth when compared to other parts of the state. Sales prices are up only +1% YoY, however have grown +42% since Pre-Covid.
Also Read: The Texas Housing Real Estate Market Forecast in 2024
The single family average home sales price is about $262,000. With a continuing trend of relatively low cost of living, good quality of life, and growing corporate presence in the state, San Antonio single family home sales should continue, with 97% being sold for listing price and almost 15% being sold above listing.
San Antonio Single Family Home Market Snapshot
“Overall, total property sales increased by 8.7 percent, and total dollar volume jumped 13.8 percent to $4 billion. Active listings were up 32.3 percent from April 2023.”
San Antonio Single Family Home Market Snapshot
Single Family rental home prices in San Antonio are also expected to continue rising, despite the San Marcos/ San Antonio showing a lower price point when compared to other Texas Metro areas. Savvy investors may consider this a longer-term investment rather than immediate due to the affordable but steady cost to renters as opposed to the contrasting Dallas and Austin rental options.
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Red Tagging Rehab Properties in San Antonio
- There has been a growing occurrence with certain San Antonio properties that are labeled as “rehab properties” by individuals verifying the proper permits have been pulled when rehabilitating these structures. Several properties have been penalized or “Red tagged”, deeming the structures unsafe or uninhabitable due to building code violations. It is our requirement for anyone doing deals in San Antonio to always ensure you have the proper paperwork and permits filed, saving you time, money and energy.
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Texas Real Estate Market 2024
In August 2024, the Texas real estate market is seeing strong demand and shifting trends. While prices in major cities are still rising due to high interest and low inventory, more people are also moving to suburban and rural areas for better space and affordability. The pace of price increases is slowing as market conditions change, creating both opportunities and challenges for buyers and investors.
Catalyst Funding’s Loyalty Program
At Catalyst Funding, our loyalty program rewards borrowers who have demonstrated expertise and success in their real estate transactions.
Exciting News: Catalyst Funding has teamed up with NRL Mortgage!
Catalyst Funding is now partnering with NRL Mortgage on our long term loans, as the Catalyst Group at NRL Mortgage.