I worked residential real estate in the Austin area for 8 years. Recently I started doing the same in the greater San Antonio area. The difference in home prices is staggering. I checked the average price of homes listed for sale in both cities last week. The average for sale price in San Antonio was $192,000. The average price in Austin was $335,000.
I was looking at the most expensive homes for sale in each city as well. In any large city there will be expensive homes, but there will be differences. In Austin there are currently 240 homes listed for sale for over $1 million. The most expensive is listed for $14.2 million. At that price this home is listed for $1,330 square foot. Sitting on 3.88 acres on Lake Austin this 10,608 square foot home has 6 bedrooms, 9 bathrooms, a wine cellar, elevator and two boat house with 7 boat slip.
In San Antonio there are 122 homes listed for sale at $1 million and up. The most expensive home at this time is in the gated, luxury subdivision The Dominion and it is listed for $9.8 million. This price puts the home for sale at $357 per square foot. This 27,417 square foot home sitting on almost a 2 acre hilltop features 6 bedrooms and 13 bathrooms. The main house has 5 bedrooms and 6.5 bathrooms. The guest house has 1 bedroom and 1 bathroom. The property has a state of the art gym, an elevator, 2 pools, game rooms, 4 fireplaces, 2 spas, a racquetball court, a sauna and steam room and a media room.
The price points per foot are extraordinarily different and as you can tell you can get a lot more house with a lot more features in San Antonio than in Austin and you can get it for a whole lot less.
If you are interested in a San Antonio area home please give me a call at 210-589-1038.