Property values rise in Bexar County

SAN ANTONIO - Property values in Bexar County are up, with commercial real estate posting some of the biggest increases. Overall, values in Bexar County — with about 648,000 properties — will rise about 5 percent.

Commercial properties will see the biggest spike, with about a 12 percent rise in values. Residential properties will see an approximately 2 percent bump.

In Bexar County, the average home sales price climbed 2.1 percent to $147,341 in 2012. Preliminary data shows that last year foreclosures in the county made up about 14 percent of home sales.

Across the county, there’s been a healthy wave of construction projects adding value to the tax rolls. There were about 8,000 home starts last year, according to data from Metrostudy. That figure is expected to grow by about 11 percent in 2013 to more than 9,000 starts.

Read more at the San Antonio Express-News.