REAL ESTATE NEWS

San Antonio ranks No. 2 in U.S. for home buyers ghosting deals

Roughly one in five San Antonio home buyers are ghosting on the final sale.

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San Antonio home buyers are ghosting sellers more than almost anywhere in the United States. Real estate marketplace Redfin rates Alamo City as the No. 2 metro in the nation where buyers are getting cold feet before closing real estate deals.

Redfin says 19 percent of San Antonio home purchases were called off in September, a sharp increase from 16.8 percent in 2024. Tampa was the only city with a higher pull-out rate, affecting 20.1 percent of agreements. The national average is 15 percent.

The real estate company says Goldilocks thinking is largely to blame for the rise. A lack of compromise on concessions and repairs is driving the trend, with buyers refusing to accept imperfect homes.

Meanwhile, sellers want to avoid losing money on the deal. This is especially true of homeowners who bought during the COVID-19 boom, who are holding their asking price firm to avoid taking a loss. With plenty of homes on the San Antonio market, buyers are weighing all options.

“I’m seeing a lot of buyer’s remorse,” explained Redfin agent Jo Chavez, in a release. “Buyers make an offer, then they start worrying they could have found a better deal or a better home because there are more home sellers than buyers in the market. Some other buyers are backing out because they’re concerned about job security.”

Although other affordable areas of the U.S. are not seeing the ghosting surge, San Antonio’s economy may be causing some buyers to have second thoughts. A wave of layoffs tied to defense contracts hit the city in October, most notably a 279-person staff reduction from CBRE.Elsewhere in Texas, Dallas and Fort Worth also saw a rise in home sale cancellations.

The top 10 markets with the most sideways deals include:

No. 1 — Tampa, Florida
No. 2 – San Antonio, Texas
No. 3 — Atlanta, Georgia
No. 4 — Orlando, Florida
No. 5 - Fort Worth, Texas
No. 6 — Riverside, California
No. 7 — Fort Lauderdale, Florida
No. 8 —Jacksonville, Florida
No. 9 — Dallas, Texas
No. 10 — Las Vegas, Nevada

HAUTE PROPERTIES

290-unit apartment complex coming to historic downtown San Antonio

Rendering courtesy of The Continental Residences

Downtown's Continental Residences will have swanky amenities like a rooftop pool.

One of downtown San Antonio’s most historic corners. The Continental Residences, an upcoming 16-story apartment community perched above the restored Continental Hotel and Arana Building at 110 South Laredo St, will bring hundreds of new apartments to the city core.

Developed by Weston Urban in partnership with the Bexar County Public Facility Corp., the project will bring 290 mixed-income apartments. According to a news release, half of the residences are set aside for tenants earning below 80 percent of the area’s median income, helping expand affordable housing options downtown.

Future residents can opt for studio, one-bedroom, and two-bedroom apartments and two-bedroom townhomes. Each sports flexible layouts and high-end finishes, with many also including balconies with downtown views. The building will also offer residents access to a rooftop lounge, state-of-the-art fitness center, coworking spaces, and pet-friendly areas.

“The Continental Residences is designed for the people who make downtown vibrant: professionals, creatives, university students, and anyone who wants to be at the center of an exciting, emerging neighborhood,” said General Manager Sunny Davila, via a release. “By honoring the historic character of the site and adding modern residences and amenities, we’ve created a community that truly reflects the energy and potential of downtown San Antonio.”

The Continental Residences are integrated into a historic block.Rendering courtesy of The Continental Residences

Rendering courtesy of The Continental Residences

Downtown's Continental Residences will have swanky amenities like a rooftop pool.

The Continental Residences continue Weston Urban’s larger restoration efforts on Continental Block. The 1.9-acre site preserves three significant landmarks: the 1896 Continental Hotel, the 1926 Arana Building, and the 18th-century De La Garza House, one of Alamo City’s oldest structures.

The redevelopment will also add 22,000 square feet of retail and office space. Extended stay hotel company Placemakr, who also operate the Maverick Hotel, is already renting apartment-style hotel rooms on the ground floors of the Continental.

The new apartment units will be located in one of San Antonio’s most vibrant hubs near the San Pedro Creek Culture Park, the UTSA Downtown Campus expansion, and several restaurants. Preleasing is open now with move-ins slated to begin in early 2026.

“Whether you live, work, study in or just love downtown, this is the perfect place to call home,” added Davila in a statement. “We encourage everyone to book a virtual tour, explore our thoughtfully designed floor plans, and see firsthand what makes this community so special.”

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