San Antonio Real Estate 78250 – Market Update

By rerockstar • June 27th, 2010

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San Antonio 78249 Housing Market – Week ending June 18, 2010

San Antonio 78250 has overall been a good real estate market to be in. Slow but steady gains in median price have actually allowed the area to gain value over the past year with only a slight loss in that period that has quickly recovered and gone beyond. As an area, it is convenient to many popular parts of town, making an ideal place to live for many residents, and with its relatively low home-entry price, many residents look to it when considering their first homes.

Inventory levels do look a bit concerning as they have risen sharply and I can attest to the rise in levels personally, as I used to live in this part of town and have seen many more for sale signs than I had in the past. My experience living in San Antonio 78250 tells me that a lot of the sales are related to price more than anything else. Most of the residents I met in the area had been there for quite some time and bought their homes when they were relatively cheap. In selling today, most are looking to cash out and “move up.” There are also a decent amount of real estate investors in this area with rental homes and as we’ve seen in other areas, there are many looking to get out of the landlord business as the economy takes its toll on their bottom line.