As the summer buying season winds down, San Antonio home sales continue to soar. We sold 3,440 homes in August, a 7 percent increase over last year. The average home price rose 4 percent to $277,114 and the median inched up 3 percent to $238,400.
Compared with other cities in Texas, we’re among the more affordable. The average home price in our state is $299,171, while the median price is $247,000.
Just over 62 percent of San Antonio homes sold in August were priced between $200,000 and $500,000. Homes priced under $200,000 made up 31 percent of the month’s sales while homes priced over $500,000 accounted for more than 6 percent.
Our average price per square foot is now $129, up from $122 this time last year.
There’s no doubt that people are continuing to move here. More than half of the online traffic to San Antonio home listings comes from outside our city. And the searches that originate in San Antonio? More than half of those are from residents looking to buy right here.
It’s an exciting time for Alamo City. Mayor Ron Nirenberg recently referred to our “billion-dollar week,” highlighting these announcements:
- Navistar plans to build a $250 million plant here and hire 600 workers.
- Toyota will invest $391 million in upgrades to its South Side manufacturing plant – nine other competitive Toyota sites in North America were vying for the same investment.
- Toyota supplier Aisin will spend $400 million on expansion here and hire 900 workers.
Such great news for San Antonio.
We’re not just about large companies. I’m so impressed with our exciting startup community – and all the support and resources available to budding entrepreneurs.
One of my favorite events is San Antonio Startup Week, set this fall for Oct. 21-26. This no-fee week is filled with speakers, workshops, panels and plenty of networking.
This Friday kicks off Techstar’s Global Women Startup Weekend at Geekdom – 54 hours during which women (and men) work together to pursue various business ideas and pitch them to investors Sunday evening. Our friend Julia Bates of melloBe is the keynote speaker. She got her start at Startup Weekend a few years ago.
And speaking of women entrepreneurs, kudos to Startups San Antonio, another great entrepreneurial resource, for featuring these 35 tech-leading Latinas. Startups publisher Iris Gonzalez regularly reports on San Antonio entrepreneurs. Let’s keep that list growing!
The moral of the story? If you’ve been tempted to expand your existing business or start one from scratch, come do it in San Antonio.
And, if you’ve been thinking of buying or selling a home – or both – let’s work together! I’d be delighted to meet with you and brainstorm ways for you to take advantage of this incredible real estate market. Let’s get going!
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