San Antonio area is still holding solid and true for real estate investment. The average increase per year is 8% - 10%. This is great for folks wanting to purchase real estate in our area. This provides for a sound market. Canyon Lake area has seen higher increase in some type of properties like lake front and lake view.
Folks are buying in Canyon Lake, Texas area now at todays prices to hold for future retirement or investment, and using as vacation homes and rental properties.
We have experienced a lot of rain this year. It has kept the lake level up and and the scenerary green. Canyon Lake is a beautiful clear blue water lake. Deep in the center. Refreshingly fed by the clean clear cool water of the Guadalupe River.
River front property sells as quickly as it comes on the market. It is a popular rental property and brings it very high dollar weekend and weekly rates.
I do wish we had more inventory in Canyon Lake. Seems a lot of folks are holding onto their property. San Antonio has a good supply. However, the turn over is fast. In the first time home buyer bracket, of say $100-$125,000, those homes that are in good condition sell in a matter of days.
San Antonio including the Texas Hill Country and Canyon Lake is # 1 in Texas currently for % increase. Houston was at about 5%.