Bexar County Home Sales Prices Continue to Rise

Here's a big reason why your home's appraisal keeps going up....the purchase price of homes sold in Bexar County in March was up 3% over March of last year, according to the San Antonio Board of Realtors.

That pushes the average price of a home sold last month up to $261,000, News Radio 1200 WOAI reports.

Rising housing prices can be blame on several factors, including the fact that fewer homes are being built, city imposed 'impact fees' are pushing up prices of new homes, and the city's sdtrong economy has led to more people moving to San Antonio and looking for housing.

A little more than two years ago, more than half of homes sold in Bexar County sold for under $200,000, a price that is considered 'affordable.' Today that number is down to 37%.

But SABOR says San Antonio and Bexar County housing prices are still more reasonable than homes in other big cities in Texas, especially Austin, where the average price of a home is nearly $100,000 more.

The average home price statewide last month was $289,000, higher than San Antonio's average.

And SABOR says, with the strong spring and early summer homebuying season approaching, it expects increase interest in home buying, meaning its a good time to consider selling.

Photo: Getty Images

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