As the market begins to cool, San Antonio MLS Comps become a real estate investor’s’ best friend.
Along with several other Texas markets, San Antonio broke all sorts of records in 2015. Halfway through 2016, those trends have continued with a 10% increase in home sales compared year over year with 2015. Even as records are being broken, the market is beginning to show signs of slowing down to a more moderate and sustainable pace. This is great news for potential investors, as the market is still hot, but future stability can be relied upon as the market evens its keel. At a market juncture such as this, San Antonio MLS Comps become the go-to information when making real estate purchases. San Antonio MLS Comps provide a map to help you navigate your way through a changing market, without missing a beat.
Why San Antonio?
San Antonio has a lot going for it, including a share in that desirable Texas climate, a healthy economy, a robust job market, good schools, affordability and no lack of things to see and do. San Antonio is home base for many major companies, among them the mega-media corporation iHeart Media. The city is abundant with fine-dining, quality local wineries and breweries, and an active night-life and cultural scene. Even with all of the attractions and amenities offered by big cities, San Antonio still maintains a small-city feel, adding to its charm.
A Rental Market Opportunity
Although an investor is primarily concerned with selling inventory, knowing how to market that inventory is important. Whereas other cities may be primed for first-time home buyers, vacation/second homes, or retirees, San Antonio is geared more toward rental units. As the population continues to increase, quick flips are also lucrative, but long-term ROI and cash flow might be more easily achieved via a rental strategy. Over the past few years, both the number of renters and the prices they pay have increased. In addition, San Antonio boasts reliably high occupancy rates on rentals. These are just some of the factors which have led San Antonio, specifically its northwestern quadrant, to be the ninth busiest multi-family market in the entire country. Utilizing a list of San Antonio MLS Comps, you and your buyers can map out a strategy for choosing properties which are at the ideal price-point to meet long-term goals.
Taking Advantage
The heated San Antonio market is beginning to cool as sales are beginning to decrease, which means a tightening of the remaining market. This creates more competition for the available properties, but opportunity is still there. In order to best the competitors, you, as an investor, need to be armed with as much accurate and timely information as possible, this is why you need San Antonio MLS Comps. With access to a comparative market analysis, your San Antonio investing goals can be achieved.
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