Luxury home sales rising in San Antonio Luxury home sales rising in San Antonio https://www.recenter.tamu.edu/news/newstalk-texas/?Item=53292014-01-10T10:04:00Z2014-01-08T00:00:00Z

SAN ANTONIO - Over the first nine months of 2013, 86 luxury homes were sold in greater San Antonio, according to the Texas Association of Realtors’ (TAR) 2014 Texas Luxury Home Sales Report. The report tracks sales of homes priced at $1 million and higher.

The 86 sales represent an 18 percent increase from the number of luxury homes sold between January 2012 and October 2012.

At the end of October 2013, there were 259 luxury homes up for sale in San Antonio — that equates to 3 percent of the active listings in the local housing market.

“The housing slump is behind us. And as Texas’ economy and population continue to accelerate, we’re going to see increasing development and demand in larger, higher-priced homes with luxury amenities,” said TAR Chairman Dan Hatfield.

As of November 2013, the average price of a home in San Antonio was $214,677, according to the San Antonio Board of Realtors. Looking at market share by price, homes priced at $199,000 and below currently makes up 61.14 percent of the local housing market.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/blog/2014/01/san-antonio-seeing-a-rising-tide-of.htmlRead more at {Source}

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