Condo sales in Texas’ major metro areas are up, as baby boomers, retirees and millennials discover revived downtown areas where workplaces, restaurants, shopping opportunities and entertainment spots have re-staked their claims, according to the Condominium Mid-Year Sales Report released by the Texas Association of REALTORS® last year. “Many young urban professionals and newly retired baby boomers are buying condos, as they provide an affordable alternative to single-family homes and townhomes,” said Leslie Rouda Smith, chairman of the Texas Association of REALTORS®. “These millennials and retirees don’t want the upkeep of a traditional, single-family home and want to be close to nightlife and amenities.”
San Antonio is certainly seeing an uptick in condo sales, in part driven by a surge in the infill condo concept, where builders purchase tracts in urban areas and develop new upscale condominium communities. I recently took a look at David Weekley Homes’ development at The Gardens at Urban Crest. This 43-acre parcel at Oakwell Farms inside Loop 410 was purchased by David Weekley from the Tobin Endowment, and was the last undeveloped tract in the area. Detached 2 and 3-story plans with attached 2-car garages will ring the development, with 1442 – 2326 sq. ft. homes ranging in price from a base of $327,990 to around $425,000 fully loaded.
The interior of the model features a gorgeous gourmet kitchen and a luxurious master bathroom and owner’s retreat with finishes seen in far more expensive homes in neighboring ’09. When a member of my team wondered aloud if the 3-story condo would appeal to couples in their golden years, we were quickly shown where an optional elevator could be included. The proximity to Fort Sam Houston, the Tobin Branch Library at Oakwell and scenic hiking and biking trails at Robert L.B. Tobin Park makes it a great development to consider for buyers wanting close-in new construction. Weekley is building several other condo developments around the city, including one near the Medical Center, and one just down the street from Brackenridge Golf Course. For more information on these developments, click on David Weekley Homes. And contact me through my home page if you are interested in downsizing or making the move to the “Lock and Leave” lifestyle.