REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Walmart to anchor Bulverde development

Work has commenced on a 250-acre mixed-use development in Bulverde that will bring more retail and housing options to the Hill Country town.

Located at U.S. 281 North and Texas 46, Singing Hills will incorporate about 70 acres of commercial space, roughly 160 apartment units and 350 single-family homes.

As an anchor tenant, Walmart is expected to open a 180,000-square-foot store at the site. Construction is slated to begin in August, and the store could be open by …Read Entire Post

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San Antonio new home starts on track for 9,000

While home building slowed a bit during the third quarter, builders still are on pace to start more than 9,000 homes this year.

During the third quarter, there were 2,304 single-family home starts in the San Antonio area, according to data from market research firm MetroStudy.  That’s up from 2,243 starts recorded last year, a nearly 3 percent increase. …Read Entire Post

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Housing boom bigger in Texas

Texas, known for its open spaces and cheap property, is experiencing the types of real estate bidding frenzies seen in tightly built markets from New York to San Francisco as job gains generate a suburban land rush. Existing-home prices in Dallas and Houston are rising faster than at any time since the oil boom of the 1980s. Homebuilders, caught off guard by the ferocity of buyer demand, are exhausting construction-ready lots as they struggle to recruit workers to complete houses quickly.

The boom shows that the U.S. real estate market’s rebound is extending beyond areas such as Arizona, Florida, California and Nevada, where prices are …Read Entire Post

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The outlook for home sales in 2014

New Home SoldThe outlook for home sales in 2014 in Texas looks very promising.

Three things help predict future home sales volume:

  • job growth,
  • cheap mortgage money and
  • home price appreciation.

Texas continues to create jobs at an impressive rate.

That job growth is likely to continue through 2014. Texas has added over 459,000 jobs since January 2012.

Mortgage rates are increasing, but they are still ridiculously cheap.  …Read Entire Post

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San Antonio housing market recovering nicely; more lots needed

Source: SABOR

Source: SABOR

Recent reports from both Metrostudy and the San Antonio Board of Realtors indicated that San Antonio’s housing market is on the road to recovery.

Between April and June of this year, 2,094 home purchases were completed which marks a 12 percent increase from the 1,826 homes purchased during the same three months in 2012, according Metrostudy’s second quarter analysis.  Construction, on the other hand, dipped 1.7 percent for the same time period – not for lack of demand but due to a lack of lot supply in highly desirable areas.  There were 2,258 single-family new home starts in the second quarter down from 2,297 starts during the same three months in 2012. …Read Entire Post

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San Antonio No. 4 in Realtor.com top rental markets

San Antonio’s affordable lifestyle and impressive growth make it hot market for not only homebuyers, but renters too, according to Realtor.com’s list of Top 10 Rental Markets.

The Alamo City took the No. 4 spot on the list.  The median rental rate for San Antonio-area homes, apartments or condos currently stands at $1,100.

Also making Realtor.com’s rent-friendly list were the Texas cities of Austin, ranked at No. 2; and Houston, which came in at No. 10.

Click to read entire article: San Antonio No. 4 in Realtor.com top rental markets (San Antonio Business Journal, 6-5-13) and Realtor.com’s Top 10 U.S. Rental Markets (Realtor.com, 6-5-13)

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Housing market recovery will continue to lift commercial real estate

Economic expansion and job growth will drive recovery as interest rates rise.  Recovery in the housing market augers for continued improvement in U.S. commercial real estate over the next two years.

Despite challenges – including gradually rising interest rates and government spending cuts – the outlook for commercial real estate is positive. The U.S. economy is expected to grow by 1.9% in 2013 and accelerate to 2.8% in 2014. This growth will spur the creation of 4.8 million jobs over the next two years. As job growth accelerates, so too will demand for commercial real estate, leading to continued improvement in vacancy rates. …Read Entire Post

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S.A. home sales are up nearly 24% over last year

The San Antonio housing market is off to a roaring start, with the number of homes sold in January jumping nearly 24 percent over the same month in 2012.  Last month saw 1,249 housing sales, up from 1,008, according to data from the San Antonio Board of Realtors. That showing continues a string of solid gains. …Read Entire Post

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San Antonio ranks 4th healthiest housing market

San Antonio’s housing market is looking bright for the coming year according to Trulia.com, a real estate industry tracking website.  Ranked by job growth rate, home price stability, foreclosure rate and vacancy rate, San Antonio placed 4th healthiest in the nation.  In fact, four Texas cities were recognized among the top 10. 

Click to read full article (Trulia.com, 12-21-12).

2013’s Top 10 Healthiest Housing Markets

  1. Houston, TX
  2. San Francisco, CA
  3. Bethesda-Rockville-Frederick, MD
  4. San Antonio, TX
  5. Austin, TX
  6. Seattle, WA
  7. Omaha, NE-IA
  8. Peabody, MA
  9. Fort Worth, TX
  10. Louisville, KY-IN
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Birdsong Peanut Plant slated to become apartments

Former Birdsong Peanut Plant

Locally-based 210 Developers plans to refurbish the former Birdsong peanut processing plant located at 1025 S. Frio St. into an apartment building.  The existing 19,000 square-foot structure was built in the early 1900’s and is located five blocks south of the UTSA Downtown Campus.  The project, to be known as the Birdsong Peanut Factory Lofts, will deliver 98 new units — half of which could be student housing.

Click to read article: Peanut plant near campus to become lofts (San Antonio Express-News, 12-11-12)

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