Building on the success of its strong first quarter 2016 numbers, the San Antonio-New Braunfels Metropolitan Statistical Area (MSA) showed impressive gains in its Texas real estate market in the quarter that just ended, according to data just released by the Texas Association of Realtors.
Median home prices in New Braunfels-San Antonio are up 5.1 percent to $205,000 over the second quarter of 2015. In addition:
- Active listings are up 1.6 percent
- Closed sales are up 6.6 percent
- Days on market are down three to 55
During this quarter, months of inventory dropped from 3.9 to 3.7. Despite the fact that this number is still low, indicating a continuing inventory crunch, it’s up from the first quarter, when months of available inventory was just 3.2.
The lack of available homes has done little to discourage real estate buyers in the area. In fact, the New Braunfels real estate market is hotter than ever. New Braunfels was just named the No. 2 fastest growing city in the nation, and buyers in this thriving area are not just snapping up available homes but also buying Hill Country land for sale to build a custom home in New Braunfels. Masterplanned community Vintage Oaks, often the choice of custom homebuilders, was named the fastest-growing community in the Hill Country for the third straight year.
Vintage Oaks offers Hill Country homesites in both gated and non-gated neighborhoods, plus semi-custom and custom homes, together with an abundance of resort amenities including multiple pools, a lazy river, walking trails, ball fields, and a Tuscan Clubhouse. Its location right on the Texas Wine Trail and between Austin and San San Antonio gives it unique access to work centers and area hotspots as well as exceptional privacy and Hill Country views. For more information, visit Vintage Oaks or click below to start the search for a Hill Country dream home.