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Brisk Sales Continue to Drive the Downtown San Antonio Condo Market

Posted by VIP Realty on Tuesday, August 4th, 2009 at 4:18pm.

While other parts of the country continue to struggle to keep their heads above water amidst the struggling, national housing market, San Antonio is experiencing a rebirth of sorts, particularly when it comes to downtown condo living. Ben Brewer, president of the Downtown Alliance San Antonio, has recently remarked that the demand for downtown living continues to remain strong, and that homes are still continuing to sell at a brisk pace. However, home sales in downtown San Antonio still come with their share of difficulties, mainly as a result of the national housing slump. In particular, developers are experiencing financing difficulties and restrictions imposed by banks and other lenders.

The Completion of the Vidorra sets the Stage

A fine example of the dynamic growth of downtown San Antonio condos is the Vidorra, an upscale condominium building boasting 150 residences. Developers of the Vidorra have sold more than 40 units over the last, two months alone. The manager of the Vidorra development team, Jeff Rochelle, has noted that, since March, his team has sold approximately five residences every week. If Vidorra is any indication of the superb residences found throughout downtown San Antonio, then the real estate market will certainly continue to impress. Homes in Vidorra, which range from about 1,000 square feet up to 3,866 square feet, are priced from $255,900. Residents can choose from 15, different floor plans and two penthouses in the Vidorra.

There are plenty of amenities for the residents of Vidorra, including a prime location near Sunset Station, a swimming pool and spa, a fitness center, business centers, secure parking and 24-hour concierge service. Just a few of the other condominium residences of downtown San Antonio include: Las Cascada, Piazza San Lorenzo, Alteza and the Judson Candy Factory Lofts.

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