House Prices Soaring In San Antonio in 2021

The spring selling season has started in San Antonio, and home buyers and investors looking for properties should expect to pay more, no matter if you’re buying a $50,000 under market value property or a $1 million mansion.

A recent study revealed the annual appreciation of homes in San Antonio is between 7-8% as of February, compared to a year ago.

Lower-priced homes in San Antonio saw an 8% rise, with a typical price of $153,000. For homes up to $226,000, the rate was 8%. Home values in more expensive homes above $366,000 grew 7.3%.

Also, the median price of sold homes in San Antonio increased 12% in March 2021 to $268,000, with the average of 45 days on the market, which is down 35% from last year.

We’re seen such an increase in prices this year that some worry we might be looking at a housing bubble like 2008. But this doesn’t seem likely; the conditions causing the increase this time are different, so we’re probably in for a steady rise for the foreseeable future.

Excess lending is largely what drove the 2006 and 2007 bubble. But lending standards are tighter now. Most buyers need higher FICO scores and down payments, and debt to income ratios are tighter.

Also, there still is a shortage of homes in San Antonio; the inventory dropped to only 1.3 months in March 2021. That’s well below the typical six month supply that is thought to be a good balance between buyers and sellers.

Another factor reducing supply – and this is something that should concern investors looking for San Antonio wholesale properties – is high material costs. Prices have tripled since 2020 with the average cost of a new San Antonio home almost $400,000.

Available land is scarce and more expensive, and the permitting process is taking longer.

More people are moving into Texas from more expensive areas, drawn to the lower real estate and living costs. Real estate investors are buying up a lot of under market value real estate properties in San Antonio, too. This increases prices.

But while you will pay more for San Antonio wholesale properties, you can charge a higher price when you owner finance or rent it.

Here at Texascashflow.com, we’re currently searching for new deals that meet our criteria. Don’t worry – we’ll have our listings updated soon with more fantastic wholesale investment properties.

Send Us Your Best Under-Market Value San Antonio Deals! 

We currently are looking for under-market value wholesale deals in San Antonio! We have several cash investors outside the US looking for $50-100K wholesale distressed properties to repair and owner finance. Send property addresses to jmpickett@gmail.com now! Or call 210-865-0742.

Zip codes: 78228, 78207, 78212, 78223, 78210, and 78201.

SOLD – 1126 Grand Valley, San Antonio TX 78207

Minor fixer upper can be transformed into a money-making machine. This home is west of downtown,  close to the river walk, museums of Art, best Mexican restaurants, Pearl District, El Mercado, Ranger creek brewing and Distiller, Farmers Market, First Fridays, Fiesta, San Pedro Springs Park and so much more

1126 Grand Alley San Antonio TX 78207 1 bed 1 bath, 412 sqft, lot size: .06 of an acre.

Price: 55K cash

 Home is occupied: $550 (long term tenant)

Estimated repairs: 5K. paint, minor plumbing, minor electrical, trash removal, fence repair, rodent removal, broken window.

Exit Strategy: buy/hold/rent – and wait for appreciation.

Estimated rent: $700-$800

FOR SALE – 1004 Monterey St. San Antonio TX 78207

With some attention and gentle care this can be your money-making investment. This home is west of downtown,  close to the river walk, museums of Art, best Mexican restaurants, Pearl Distric, El Mercado, Ranger creek brewing/Distiller, Farmers Market, First Fridays, Fiesta, San Pedro Springs Park and so much more … 

1004 Monterey St. San Antonio TX 78207 1 bed 1 bath, 448 sqft, lot size: .05 of an acre.

Price: 59.5K

Estimated repairs: 1-5K. paint minor plumbing, minor electrical.

Exit Strategy: buy/hold/rent – and get ready for massive appreciation.

Estimated rent: $700-$800

See photos and comps below!

SOLD – 1306 Hough, Adkins TX 78101

Brand new home never finished, Tremendous cash flow opportunity in South San Antonio suburb (Exploding Market), 1306 Hough, Adkins TX 78101, 2 beds 1 bath, 961 sqft, large lot: .18 acres, Cash only: 47.9K firm, estimated repairs: 20-5K. ARV 119K – Max ARV 139K

Exit Strategy: 

Owner Finance: repair with 20-25k: then resale at 119K $1,200.00 monthly mortgage includes PI/TI,  30 year amortization, can sell note after 1-2 years

Rent: repair property with 20-25K, then rent out $1100- $1200

Attached below is a Dropbox link where you can view and download the pictures and video of 1306 Hough taken today. Please contact me if you are unable to view or download the files.

https://www.dropbox.com/sh/uqegr6bee0nbyly/AACwUq32VLR3OeHuUelOAzVsa?dl=0

 

SOLD- 4938 Lark Ave., San Antonio TX 78228

Fixer Upper by St Mary’s University, 4938 Lark Ave, San Antonio TX, 78228, 4 beds, 2 bath, 1600 estimated sqft, Lot size: .17 acres, Subdivision: Magnolia Fig GDNSNS/SA, Built: 1979, needs foundation work pier biem, plumbing/electrical up to code, paint – estimated repair cost: 10K, Max ARV: 129K, Asking 84K cash.

Potential exit strategies:

1.    Owner Finance: 10K rehab, 5k-10k down payment, $1,295.00 monthly PI/TI, Price $129,900.00, sell the note in 2-5 years.

2.    10K rehab, rent $1295.00 monthly

3.     Owner Finance: no rehab, 5K down, $995 monthly PI/TI, price: 99K

SOLD – 415 Mclaughlin Ave. San Antonio, TX 78211

Location Location, prime time area going under major revitalization, 415 Mclaughlin Ave. San Antonio, TX 78211, 2 beds 1 bath, 1008 sqft, lot size: .16 acres, school district: South SA ISD, central heat and air condition, washer and dryer connections, estimated repairs to get rent ready: 1.1K, clean, lawn maintenance, minor plumbing/electrical Price: 69.9K firm, Strong Comps: 119Kplus, rents: $900

rental comps 415 Mclaughlin Ave 

sold comps 415 Mclaughlin