Looking for advice on selling our 3/2 rental in San Antonio

[Bob Malecki]

Hi Folks,

I live in Seattle and my partners and I have a 3/2 1,250 sq. ft. townhome in San Antonio located in the Wurzbach Meadow Townhouse Subdivision, built in 2011 with a tenant paying $1100/month rent. With the market heated we are considering selling the unit. I would appreciate it if anyone with knowledge of San Antonio could let me know if this would be a good time to sell. How much inventory is there in the area and how long is average DOM for a townhome like this?

Thanks

Bob

[Gates Mueller]

Bob,

To answer your question specifically regarding the area your property is located in, over the past 6 months there have been 3 sales and 1 listing that was canceled (going back 12 months only adds 1 additional expired listing). The sales are all 3/2 town homes and the average price is $131,916. DOM are 15, 17, and 73. Heading into the holidays things typically slow down, but due to low inventory the market is still moving. I am happy to help if you have any more questions.

- Gates