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Updated almost 8 years ago,
WA Investor looking for San Antonio Market Analysis
Hey all,
I'm a licensed agent [WA] and investor out of Tacoma, WA. I have a friend down in San Antonio interested in getting into investing, and I may partner up and do some deals down there. I was hoping someone could give me a snapshot of what the market looks like down there. Looking for info that speaks to overall market movement, average price points for flips and multi-families, inventory levels, etc. Looking for the 10,000 foot view, so I can know where to drill down.
In Tacoma, I can pick up flips for $100k, $50k Reno, and selling for an avg of $250k.
In Seattle, the prices are much higher. Avg acquisition is $300-400K, $75-$100 reno, and reselling for $600k - $1million.
I can get a 4 plex, with garages for about $400,000 in Tacoma, and about $750,000+ in Seattle.
So, what's good about San Antonio, what's bad?