san antonio

Nicholas Kjos of Kuper Sotheby’s International Realty has listed 418 Bentley Manor in San Antonio for $1,725,000.

This exquisite beauty caught our eye when its property video made an appearance in our social media feeds this week. Of course, we just had to investigate! Presented as a “grand and timeless estate,” 418 Bentley Manor in San Antonio is an absolute stunner.

It celebrates indoor-outdoor living with a resort style paradise to knock your socks off, coupled by a sprawling 7,935 square feet, and is currently listed by Nicholas Kjos of Kuper Sotheby’s International Realty for $1,725,000.

Plus, the six-bedroom, five-full-and-two-half-bathroom family home was built by none other than Robert Weiss in 2002 – a building contractor who specializes in green construction, home building, wine cellar design, and custom home construction. And the pool? Yep, its a Keith Zars! Let’s take a closer look, shall we? (more…)

Good news for neighborhoods! Foreclosures are at the lowest level since Nov. 2009 according to the latest data from RealtyTrac. The company released its May 2015 “U.S. Home & Foreclosure Sales Report” last week, and all-cash sales have dropped almost 4 percent from April of this year to 24.6 percent.

“The cash sales share in May was close to its long-term average going back to January 2000 of 24.8 percent and well below its recent peak of 42.2 percent in February 2011. The share of institutional investors — entities purchasing at least 10 properties in a calendar month — dropped to 2.4 percent of single family home sales in May, a record low going back to January 2000, the earliest month with data available.”

Speaking of institutional investors, San Antonio is being swarmed with cash sales and institutional investors, according to the report. In the Alamo city institutional investor purchases accounted for 8.4 percent of transactions for May.

The top five metro areas with a population of at least 200,000 with the highest share of institutional investor purchases were Rockford, Illinois (13.4 percent), Tulsa, Oklahoma (12.6 percent), Roanoke, Virginia (12.6 percent), Memphis, Tennessee (10.2 percent), and San Antonio, Texas (8.4 percent).

“As housing transitions from an investor-driven, cash-is-king market to one more dependent on traditional buyers, sales volume has been increasing over the last few months and is on track in 2015 to hit the highest level we’ve seen since 2006,” said RealtyTrac Vice President Daren Blomquist continued. “And while sellers this spring are realizing the biggest average equity gains since 2006, home price appreciation is softening as the supply-and-demand balances tip more in favor of buyers and as banks began to clear out some of their more highly distressed foreclosures that sell at scratch-and-dent prices.”

Jump for a more detailed breakdown:

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Millennial Homebuyers

Millennial Homebuyers are missing from the market, but Austin and Dallas may be better values first-time homebuyers in this generation over San Antonio and Houston.

Where are all the first-time homebuyers? In their cozy rentals, that’s where!

With a market almost completely devoid of newby buyers, and the rental market being as competitive as it is (just ask my friend looking for a single-family home in East Dallas!), and prices going up across all segments, it’s just hard to find a place to put your leather couch and Le Creuset stock pot. Millennials hold a lot of potential when it comes to real estate purchases, but where can the find the best value? Is it San Antonio and Houston?

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1410 Gray Oak Living

This listing from Diana Gonzalez of Kuper Sotheby’s International Realty out of San Antonio is making the rounds at HuffPo and Curbed. It’s an incredibly preserved 1970s mecca that will have you doing the “Time Warp.”

1410 Gray Oak Kitchen

Inside 1410 Grey Oak Dr. you’ll find swag lamps, wood paneling, and a kitchen that could be straight out of “The Brady Bunch.” This house will have you reaching for your bell bottoms and mock turtlenecks! It was also featured on one of my new favorite home decor blogs, Retro Renovation, who compared this home to the incredible sets of American Hustle.

1410 Gray Oak Formal

I totally agree with the folks at the Retro Renovation blog in that I hope this property is purchased by someone who doesn’t gut this amazing time capsule!

Does this bring back memories or what?

(Photos: San Antonio Board of Realtors via Realtor.com/Matthew Wingate)