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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 October, 2010

San Antonio Halloween Events not to Miss

It was once said that nearly one out of every ten homes in San Antonio is haunted. Whether you believe the myths about San Antonio, you will certainly get spooked by one of the many events going on in and around the city during the month of October.

Here are out favorite San Antonio Halloween events:

  • Terror Mansion – Located just north of downtown San Antonio, this haunted house will take you through terrorizing mazes among 23 rooms and two stories. This spooky mansion is tops if you’re not scared of things that go bump in the night!
  • Nightmare on Grayson – A River Walk tradition, the Nightmare on Grayson has been scaring San Antonians for 22 years and has become a San Antonio tradition for many.
  • Ripley’s Haunted Adventure – Located at the site of the Alamo’s old west wall, Ripley’s Haunted Adventure features a terrifying haunted house that spooks visitors with special effects.
  • The 13th Floor – For only the bravest at heart, the 13th Floor is a spooky and graphic theatrical show that will take you on a psychological trip to where oddities and strange occurrences are the norm.
  • Sea World Howl-o-Scream – Sea World’s annual fright fest will entertain visitors of nearly every age. Just some of the activities enjoyed at this annual even include trick-or-treating along trick-or-treat street and a plethora of Halloween-themed attractions, such as Frightmare Forest.
  • Six Flags Fright Fest – Your San Antonio Halloween will not be complete without a trip to Six Flags Fright Fest. This annual event features pumpkin decorating, trick-or-treating, Mayor Slayer’s Midnight Mansion and Halloween-themed entertainment.
  • BOOtanical! Festival – The annual BOOtanical! Fall Festival is located in the San Antonio Botanical Gardens. Just some of the activities enjoyed at this event include pumpkin decorating, plant sales, nature walks, and storytelling.
  • The Spooky Sounds of Science – The Spooky Sounds of Science at the San Antonio Symphony are performances with a spooky theme. This family-friendly activity is fun for the whole family.

Bexar County Market Update

Despite the fact that the Bexar County real estate marketplace has statistically shown a somewhat higher exposure to subprime loans than average, and rising prime loan foreclosures have increased, the rising increase is still below average in comparison to nation-wide figures. In fact, as of this writing the overall foreclosure rate for the San Antonio area in particular, is down 0.8% from February.

Overall, most major cities in Texas remain the fastest growing in the United States, and due to a diversified economy, Texas is likely to be the most prominent Sun Belt survivor of the nation’s economic chaos.

Most of the population of Bexar County is located within San Antonio proper, the seventh most populated city in the U.S. An economy anchored by tourism, some of the finest health care facilities in the nation, defense and financial services, continue to attract new companies and a growing work force, making Bexar County one of the most well positioned places in the country to experience continued growth and opportunity.

Government sponsored financial incentives for new and upgrade home buyer’s promises to spur the Bexar County real estate sector into new growth and a more positive outlook for the Bexar County real estate industry as a whole within the not-to-distant future.

Bexar County commercial property foreclosures are of increasing interest to investors who see an unprecedented opportunity to invest in properties that can bring immediate income through short-term rental, and eventual sale of the property for big profits when a strong market upswing finally takes off.

VIP Realty Listing Presentation

San Antonio Home Values

Despite a continued foreclosure problem, the overall housing market picture in Bexar County, and San Antonio in particular, is showing tangible signs of improvement, with housing prices for resales likely to gain by four to four-and-a-half percent over the next twelve months.

As the unemployment rate subsides, qualified buyers will assuredly be attracted to the new “affordability” of San Antonio home values. Affordability, of course, is the crucial factor in determining the attraction to buyers. And, make no mistake, buyers are being attracted. A 2.4% vacancy rate, one of the lowest in the state is proof of the attraction San Antonio property holds for newcomers.

Currently –and always subject to variation – there are approximately more than 12,000 homes on the market in San Antonio at a median price of $149,950, up 0.3% from last month, (February.)

Texas mortgage rates as of this writing, and continuously fluctuating are:

  • 15 year fixed 4.525% – up 0.006% from the previous week at 4.518%
  • 30 year fixed 5.070% – down 0.043% from the previous week at 5.113%
  • 1 year ARM 3.280% – up 0.062% from the previous week at 3.218%
  • 3/1 year ARM 3.415% – up 0.049% from the previous week at 3.266%
  • 5/1 year ARM 3.451% – up 0.020% from the previous week at 3.431%

San Antonio home values continue to appreciate due to the fact that so many buyers are purchasing a primary residence, not strictly investment property