- Extremely Low Condo Supply: Nationwide builder activity has been on a steady decline, down 30% over the last 5 yrs1. San Antonio’s own condo inventory continues to shrink (approx. 14% in the last yr)2. With no available downtown real estate near the River Walk, this is your last opportunity for downtown high rise living in the foreseeable future.
- Continued High Condo Demand: San Antonio is one of the top 30 fastest growing metro areas in the nation3 (with Bexar County growing nearly 10% in the last 5 yrs4). As San Antonio continues to grow and with nearly 25% of these new home buyers in urban areas likely to purchase an apartment or condo5, there will be extreme competition for these limited units. These condos could be gone very quickly and represent a great investment opportunity right now.
- Do the Math: Interest rates are historically low6. There has never been a better time to lock in low rate financing for a real estate purchase. These interest rates, inventory and condo prices have aligned to create the perfect buyer’s market. Don’t miss your opportunity to profit from these trends.
1 August 2009 Housing Intelligence report (Builder Confidence)
2 HousingTracker.net – All Historical Data for San Antonio (SFH + Condo Inventory)
3 US Census Bureau – Population Estimates for the 100 Fastest Growing Metropolitan Statistical Areas: July 1, 2007 to July 1, 2008
4 US Census Bureau – Resident Population Estimates for the 100 Largest US Counties Based on July 1, 2008 Population Estimates: April 1, 2000 to July 1, 2008
5 2008 NAR Profile for Home Buyers and Sellers
6 FreddieMac Primary Mortgage Market Survey