San Antonio 78251
This zip code, being on the west/northwest side of town is again affect by its proximity to Lackland Air Force Base and that section of the city's fast growth. Builders flocked to this area and began building in earnest, but as things slowed, many builders were left with large developments with population growth that wasn't matching their building speed. In order to compensate, builders began slashing prices and dragging re-sale home prices down with them. Unfortunately, many people bought these homes at the height of the boom cycle and are now sitting on homes that are hard to sell or worse yet, worth less than they paid for them. As sales pick up, expect this to normalize, as long as builders don't jump the gun and begin a flurry of construction again.
Prefer to set your own chart statistics and see only the data you're interested in?
Check out the Market Reports page at RErockstar.com
Or sign up below to have weekly statistics and analysis delivered straight to your inbox.
All content ©2008-2010 by Matt Stigliano, Realtor® unless otherwise noted.
Matt Stigliano, Realtor® | RE/MAX Access | (210) 646-HOME | www.RErockstar.com
"Your all access pass to San Antonio real estate."
Connect with me on Twitter and Facebook.
