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.