Submitted by: Reagan Greer, Broker
The Real Estate Center at Texas A&M University recently completed a comparison study that re-enforced that real estate in Texas continues to be strong and healthy.
Nationally the stories are not quite the same and Texas is an area many are focused on as a result.
The study showed that San Antonio is leading the state in appreciation with an 11% increase from February 2006 to February 2007 with a median price of approximately $145,100. It also revealed Austin is second in the state increasing 7% with a median of $177,400, Houston 3rd with a 3% increase median price $146,900, and Dallas with a 1% gain median price $156,000.
San Antonio and the surrounding area continues to enjoy growth spurred by favorable economic conditions, low interest rates and reasonable home pricing per square foot compared to other areas.
The growth has also placed an importance on adequate schools and many area school districts are faced with an inadequate number of facilities to handle the influx of homeowners. This has resulted in a number of current Bond proposals being considered by voters. The early voting period is underway, with the election being held May 12th.
Texas, specifically San Antonio, are bucking the National trends and this continues to be a great time to buy & sale property.
