San Antonio, Texas, currently ranked the 8th largest city in the United States, is visited by 20 million tourists each year. It is famous for its Riverwalk, the Alamo, the Tower of The Americas, and the three-time NBA Champion Spurs basketball team. SBC Communications, Tesoro Petroleum Corp, and Clear Channel Communications are all headquartered in San Antonio, providing many residents with jobs.
San Antonio million dollar homes are a great investment because of all the wonderful things the city has to offer.
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| Population 1,144,646 | Median Age 31.7 yrs | Household Size: 2.77 |
| Avg Home Value: $68,800 | July High: 94.6°F | January Low: 39.0°F |
San Antonio Million Dollar Homes
Between 2000 and 2003, the number of million dollar homes in San Antonio nearly doubled. In fact, Texas ranks eighth in the nation for their number of million dollar homes.
San Antonio’s million dollar home market is primarily driven by the appreciation in real estate values and the low interest rates around the nation. Another reason there are many million dollar homes in San Antonio is that many homes have been remodeled and upgraded, sending home values sky high. In the past year, Americans have spent nearly $133 billion on home remodeling. Also, newer homes are being constructed to span over 2,000 feet and are designed to include newer features and architecture, which also causes prices to go up.
San Antonio’s million dollar homes are a great investment. The city has a population of over a million and is the third fastest growing city in the country. The community is well educated; nearly 22 percent of the residents have a Bachelor’s degree or higher. The city’s economy is also on the rise and as more and more corporations open headquarters here, job opportunities increase. The employment opportunities, educated community, and various attractions all make the city a popular market for real estate investors.
To begin looking at San Antonio million dollar homes, contact a local real estate broker who can show you all the listings in the area, tell you about upcoming neighborhoods or market trends for existing upscale neighborhoods. With their expertise and experience, you will be able to invest in your dream home in no time.
By Naureen Kamdar
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