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Examining the Progressive Changes Taking Place in the Alamo Heights Real Estate Market

Posted by VIP Realty on Friday, December 11th, 2009 at 2:31pm.

Alamo Heights has always been known as an old-fashioned city with a family-oriented, small-town atmosphere. Residents of Alamo Heights have always reveled in the quiet surroundings, the cozy homes and the open land. The easy commute in and out of the city has always been a bright spot for residents, as well, as they are able to enjoy both small-town living and the opportunities and excitement of a large city. Alamo Heights has always boasted a strong real estate market in San Antonio.

The homes in this area are revered for their location along quiet, tree-lined streets, as well as for their blend of architecture, including Mediterranean, contemporary and Spanish. In addition, along any given street in Alamo Heights you may see gorgeous, historic homes which have been lovingly restored and renovated, as well as newer homes and condominiums. The blend of old and new homes has attracted many residents of San Antonio to Alamo Heights.

Changes Underway

Perhaps the biggest changes taking place in Alamo Heights are the demolition of older homes to make way for rather grand estates. Large, private communities are gobbling up the modest ranch homes of Alamo Height's past. While residents are flocking to Alamo Heights for these luxury estates, there are more than a few residents who are unhappy to see the smaller homes that were once a common site in this small town giving way to upscale homes pricing out at more than $1 million. Perhaps, however, this change is inevitable.

Alamo Heights, because it is a highly desirable suburb of San Antonio, has seen a steady increase in property values. In fact, it is not uncommon to see properties in Alamo Heights selling for 20 percent more than their counterparts in neighboring communities. Because the area of Alamo Heights is quite small - about 200 square acres - new developments can not take place unless older structures are razed. It is because of this that, at any given, city meeting, there are several requests for demolition projects in Alamo Heights. There is one thing for certain: luxury real estate has begun inundating Alamo Heights, and it looks like it is here to stay.

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