SAN ANTONIO - The condo concept is gaining in popularity among Texas’ would-be homebuyers — including those looking to plant roots in San Antonio, according to the 2014 Condominium Mid-Year Sales Report by the Texas Association of Realtors (TAR).
Between January and May of this year, 271 condominiums were sold in San Antonio. That figure equates to an 18 percent jump from the number of condos sold the year prior.
The median price in the local condo market currently stands at $105,300 — a 9 percent gain from the same period in 2013.
To date, condos in greater San Antonio are spending 95 days on the market. There are currently 269 sales pending — a 25 percent increase from the number of pending closings the year prior.
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