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Downtown San Antonio is the Place for Second Homes

Posted by VIP Realty on Thursday, December 31st, 2009 at 2:57pm.

The downtown San Antonio real estate market continues to be the shining star in San Antonio. In fact, it is now becoming a hot spot for second homes.  Many local real estate agents have discovered that there has been a great deal of activity in the downtown market for individuals searching for a second home. In particular, the reasonably priced condos found here – those priced around $200,000 – are becoming a hot commodity.

San Antonio is a popular destination for very wealthy Mexican nationals, many of whom seek second homes. Many of these Mexican buyers are searching for new condominium homes, gated communities and country club neighborhoods throughout San Antonio, but the downtown market seems to be particularly appealing to their needs.

A Break from the Cold Weather

Other individuals from colder parts of the United States have chosen San Antonio for their cold-weather getaway. With San Antonio’s mild, year-round temperatures, many homeowners flock here for a break from the winter weather. Although there are a few neighborhoods that have experienced the surge in second home sales, such as the Dominion and San Antonio’s northern suburbs, the downtown area, without a doubt, is the place to be.

The Draw of Downtown San Antonio

The magnificent surroundings are perhaps the biggest draw to the downtown San Antonio real estate market. From the top-rated hotels and trendy restaurants to the exciting nightspots and the picturesque River Walk, the downtown area is filled with excitement, energy and even beauty. San Antonio, as the nation’s seventh-largest city, offers plenty of perks, as well, including a small-town atmosphere, low real estate taxes and plenty of business opportunities. The historic feel of San Antonio is also a big draw for many homeowners, as many of the newer condo buildings are in fact restored buildings with beautiful, historic facades.

An Excellent Variety of Real Estate

Although San Antonio in general has begun to see a steady increase in its home sales, the downtown area is particularly appealing because homes of nearly every price point are moving. From reasonably priced loft condos of $200,000 to spectacular, multi-million dollar penthouse condos with sweeping views and magnificent amenities, downtown San Antonio homes are being snatched up by buyers looking to experience the trendy downtown lifestyle.

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