Real Estate Report

San Antonio market continues to see prices going up and sales going down

San Antonio home sales dropped 19 percent from October 2021.

Phillip Spears/Getty Images

The San Antonio housing market continues to see prices climb and sales decline, says the San Antonio Board of Realtors. SABOR's latest monthly report, released November 18, shows October was the seventh straight month for the trend.

San Antonio's average and median home prices climbed 8 percent year-over-year in October, to $382,518 and $323,190, respectively, while sales dropped a significant 19 percent from October 2021. Those prices, however, are down from September 2022, when the average home price clocked in at $389,752 and the median price was $337,500.

“[In October,] homes spent an average of 44 days on the market and 95.8 percent sold for their listing price,” said Tracie Hasslocher, SABOR's 2022 chairman, in a release.

“[Two hundred eighty four] homes sold for $199,999 and below, 1,534 sold for $200,000-$399,999 and 836 sold for $400,000 or more. The month closed with 3.26 months of inventory, 2,179 pending listings, 3,978 new listings and 10,390 active listings, a 74 percent increase from October 2021,” Hasslocher said.

San Antonio once again stays right in line with Texas as a whole, which saw a 21.2 percent decrease in home sales in October 2022 compared to October 2021. Last month, the average Texas home price increased by 8.3 percent, while and median price increased by 8.1 percent.

Bexar County, meanwhile, maintains its status as the most affordable major county in the state, compared to Travis, Dallas, and Harris counties, SABOR says. Bexar has a median home price of $354,231, and an average home price of $305,000.

Take A Walk

New multifamily community opens near Stone Oak restaurants and shopping

Rendering courtesy of Greyson Luxury Living

The new community offers 291 units.

A new multifamily community is now open to prospective residents in San Antonio. Greyson Luxury Living comprises 291 units at 1734 N. Loop 1604 West, with a focus on lifestyle amenities. But the location will be the main draw for many.

Apartment floor plans range from one to three bedrooms, starting at $1,317 for one bedroom and one bathroom, and working up to a base price of $2,611 for three bedrooms and two baths. The community's pet policy according to the website is: "We welcome all your furry friends at Greyson."

Residents will get reserved parking and a garage with EV charging stations, but it might not always be necessary to hop in the car. The apartments are directly adjacent to restaurants like Cover 3, Eddie V's Prime Seafood, and Blü Prime Steakhouse — not exactly everyday eats, but there's tons more at the Vineyard Shopping Center and the Stone Oak neighborhood's Blanco Market Shopping Center across the highway.

In addition to restaurants, the community is less than a five-minute drive from H-E-B Plus, Whole Foods Market, Target, fashion and furniture stores, and multiple fitness studios like StretchLab and LA Fitness.

A press release promises wood-style flooring, quartz and granite countertops, and ceramic tile backsplash. On the more utilitarian side, it offers single-basin sinks, kitchen islands, "spacious" pantries, a stainless-steel Energy Star appliance package, and washer and dryer connections. (Images shared by the complex so far appear to be more illustrative of the desired vibe than the actual space.)

Every floor plan also shows a private patio or balcony. The most expensive floor plan — the three-by-two — has a wraparound outdoor space.

For shared spaces, a resort-style pool with a tanning shelf (a very shallow area for placing lounge chairs) and bike storage encourage residents to get outside, and a dog wash station makes it easy to leave dirt and hair outside of apartments. There's also a fitness center, a clubhouse with wi-fi, elevators, and concierge services.

“We developed Greyson as a luxury multifamily community aimed to fit any type of lifestyle, and we are grateful for all of our partners that helped bring this project to life,” says Ed Garahan, partner and CEO at Carbon Companies, the development firm heading the project.

Carbon Companies also sold the Addison Medical Center Apartments, Ventura Ridge, Triomphe Apartments, and Pecan Springs Luxury Apartment Homes, with more in the works in San Antonio.

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