San Antonio Real Estate Roundup: October-November 2014

Posted by Mary Ann Castro on Tuesday, November 4th, 2014 at 12:42pm.

san-antonio-skylineStay connected with the latest happenings in the San Antonio real estate market. Read about the latest news in our city, and stay in the loop and ahead of the competition in this ever-changing market.

This month we feature stories on a San Antonio broker acquisition, the most expensive neighborhoods in San Antonio and more. Courtesy of JBGoodwin REALTORS®.

Lighthouse Realty acquired by Clear Integrity Group, SA Business Journal

Longtime San Antonio real estate broker Lighthouse Realty was recently acquired by Clear Integrity Group LLC, a brokerage firm with offices in Texas and Ohio. Retired owners Charles and Marie Newcomb sold Lighthouse Realty for an undisclosed amount, as they have moved out of state. While the broker change means that Lighthouse Realty will now operate under the Clear Integrity Group name, it will be business as usual as the company will retain its agents, and its existing contact information.

20 most expensive neighborhoods in the San Antonio area, SA Express News

According to Jason Glast of San Antonio Portfolio Real Estate, The Dominion is the most expensive neighborhood in the city. The report used compiled data from the San Antonio Board of REALTORS® (SABOR) as well as sales data taken from the multiple listing service (MLS). The list was determined by the number of million dollar (or higher) homes sold in the past 10 years in that particular neighborhood. The Dominion topped the list with a total of 119 high end sales, which was followed by Terrell Hills at 63 sales, and Alamo Heights at 63 respectively. The average home price in The Dominion was $752,568.

San Antonio's multifamily sector still balancing supply and demand, SA Business Journal

San Antonio's red-hot housing market is attracting all sorts of development and the multifamily sector is no different. The city's strong economic growth is creating a strong demand for housing, and developers are moving in quickly to capitalize on the opportunity. By year's end there will be a total of 6,400 new units released into the San Antonio real estate market, setting a five-year high according to a Marcus & Millichap research report.

San Antonio approves 142-mile water pipeline, Associated Press

San Antonio City Council approved the construction of a 142-mile water pipeline that will carry upwards of 16 billion gallons of water from Burleson County west to the city for the next 30 years. Once completed, the pipeline will increase San Antonio's available water supply by 20 percent, while easing dependence on the Edwards Aquifer. The pipeline will be funded by rate hikes in excess of 20 percent.

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