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Office Location 1100 NW Loop 410, Suite 700
San Antonio, TX 78213
Phone: (210) 348-3717

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Archive for July, 2010

San Antonio High Rise Condos

San Antonio’s high-rise condos are an attractive home choice for buyers who can appreciate the many amenities and conveniences condos have to offer, such as; convenient location – nearby to work, shopping, entertainment, etc., – security, state-of-the-art workout rooms, swimming pools, concierge services, maintenance crews and more. Many condos additionally offer on property dining facilities, salon services, card rooms and libraries.

As with any property purchase, the newer and more upscale condos in the choicest neighborhoods, featuring the best views, oversized balconies, granite countertops, top-of-the line appliances, etc., can demand the highest prices, ranging from the $400,000s to even a million $ and up.

However, many older more modestly priced San Antonio hi-rise condos can be found in the $100,000 and even less price range.

Purchasing a San Antonio High-Rise Condo

With such a wide choice in pricing, location and availability, purchasing or leasing a San Antonio High-Rise condo can be a daunting and confusing undertaking without the aid of an experienced real estate agent with expertise in this unique housing market.

A competent Realtor who understands your lifestyle and budgetary requirements has the resources to efficiently identify the available properties that would most fit your needs.

It is a certainty that as the economy slowly improves, San Antonio will continue to be one of the fastest growing cities in the U.S. and the need for housing will increase. As a result, purchasing a San Antonio High-Rise condo as a rental property or primary residence might be a pretty good idea at this time while purchase prices are still quite competitive and the available inventory is high.

San Antonio Luxury Home Market

The San Antonio luxury home market is alive and fairly well, but nowhere near as hot a market as in the days prior to the country’s financial downturn. The federal tax credit incentives for new and move up home buyers isn’t expected to have much of an impact on the luxury market, since buyers at that level ( $500k + ) would usually not base a buy or not buy decision on the current home buying tax credits now in place.

As resale home buyers see listing prices slowly beginning to rise in the first quarter of 2010, sales in the $200k price range are beginning to perk up considerably this spring, spurred on by federal tax incentives and very attractive buyer’s market conditions. However, for the most part, luxury properties in the San Antonio area are still experiencing much longer than average time on the market then more moderately priced properties.

San Antonio Luxury homes for sale

A wide range of new and resale properties designed to accommodate every life style and offering every amenity imaginable can be found in the San Antonio area. From high-rise condos offering magnificent city views to sprawling ranch properties and luxurious villas of impressive architectural design, the San Antonio luxury homes for sale marketplace is diverse and impressive.

The Bottom Line

A greater demand for moderately priced housing and a lesser demand for high-end properties would mean that a luxury property buyer in San Antonio has more leverage now in negotiating a purchase price than in a more stable economic environment.