Get Lucky
The luckiest homebuyers in San Antonio live in these 5 neighborhoods
When it comes to purchasing a home, when to buy is just as important as where to buy. An analysis from Zillow reveals which San Antonio homebuyers got the luckiest and made their move at just the right time.
To determine the lucky homeowners, the real estate website compared current median home prices to the prices from the neighborhoods' lowest purchasing point. Zillow's lucky homeowners have seen the highest appreciation in home values since the website began tracking home purchases in January 2006.
So where are San Antonio's luckiest homebuyers living? Canyon Lake is the luckiest neighborhood in the area. Homeowners have experienced a 43.5 percent increase in value since January 2006. Median home prices grew from $136,900 to $196,400.
In Bulverde, No. 2, home prices have increased 36.26 percent, from $238,400 to $325,700. New Braunfels, No. 3, witnessed an increase of 24.2 percent. Home values there jumped from $155,500 to $193,200.
Coming in at No. 4, Timberwood Park home prices have increased 16.6 percent since November 2011. The last lucky 'hood on the list is Converse, where prices have increased 14.5 percent since January 2006.
The growth in these areas is impressive, but it pales in comparison to other parts of the country. Homeowners in Palo Alto and Richmond, California — the No. 1 and No. 2 neighborhoods on Zillow's nationwide list — have experienced a value growth of more than 100 percent.
