The State of the Luxury Home Market in South Texas

By
Real Estate Agent with Crawford Luxury/KW Luxury International

Since I started Crawford Luxury Realty, I'm constantly being asked by people to find them a "steal" of a luxury home. While they're out there, it's not common to find a luxury seller that's distressed. Even in a slightly soft market (San Antonio has not experienced near the problems that others have), most luxury homeowners are insulated from a temporary economy downturn. Naturally, nobody likes a slow market, but most of these owners aren't affected enough to give away the farm.

 

On that same note, there are still good deals to be had. Looking for a win-win situation in these markets is the best approach. While most of these sellers don't NEED to sell, there comes a time that they may look at cutting their losses for a quick and solid close. This happens all the time. The best way to accomplish something like this is to contact a Realtor that knows the luxury market well. It tends to be a small circle in each town, so we're constantly networking and know where deals can be made. These deals aren't usually apparent to the general public.

 

Overall, the Luxury Home market is still incredibly strong. Subdivisions like Anaqua Springs Ranch, The Dominion, Shavano Park and many others are still incredibly desired and the homes in there are constantly selling. The only drop-off I've seen in that market is from those that would have been stretching it to get into a luxury home and now can't get financing to make that happen. In my mind this is a good thing, as they'll get into a home they can more comfortably afford and not face a possible foreclosure in the future.

 

If you or anyone you know has a question about Anaqua Springs Ranch, The Dominion, Shavano Park, Bentley Manor, Cordillera Ranch, Fair Oaks Ranch, Alamo Heights, Terrell Hills or any other luxury community, I'm only a phone call or email away.

Comments (0)