Average San Antonio home price jumps to near $300,000 as low interest rates spur buyers

San Antonio's Voice

Despite a raging pandemic and a ravaged economy, people are gobbling up homes in a red-hot San Antonio real estate market. So what's the one thing home buyers are looking for? (Spoiler: It's a certain room to make it so much easier to WFH.)

Despite a raging pandemic hitting many businesses and parts of the economy very hard, people are still gobbling up homes in San Antonio, with sales up by 11 percent from 2019 to 2020. Average prices are up by nine percent from $269,000 in 2019 to $294 in 2020.

Cher Miculka is the Chairman of the San Antonio Board of Realtors and this week’s guest in San Antonio’s Voice. She tells me low interest rates under three percent for most loans have helped fuel a buying appetite. The result is more homes sales, and higher prices, with bidding wars now common in a certain price range.

She reveals what that price range is - and shares some great, practical tips for both buyers and sellers to save you time and money in this market.

Miculka is the 2021 Chairman of the SABOR. She began her real estate career in 1986 and has worked in several aspects of the industry including REALTOR, broker, property adjuster, loan officer and home-building operations manager. She was the recipient of SABOR’s 2017 Broker of the Year Award and is a certified real estate instructor.

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