When looking for a new home, it’s easy to fall in love with 25th floor views of the city and a concierge at your beck and call. But you may need to dig a little deeper to make sure the building, the area and the potential neighbors are a good fit for you. While these intangibles are more difficult to evaluate, there’s a few tell tale signs worth investigating.
The number of resale listing in a building is a prime indicator of just how satisfied the current residents are in any condominium. In typical residential neighborhoods, it’s said that on average of 10% of the homes are on the market at any time. Staying below this level indicates a higher percentage of happy residents.
At Alteza above the Grand Hyatt in Downtown San Antonio, there are currently 116 sold residences, but only three resales on the market. A stunning 2.5% rate….well below the national or regional average. Noteworthy in today’s world, each is also listed above the original purchase price.
In addition to the low number of resales in the building, there 12 residents at Alteza who have purchased more than one unit in the building. A few were purchased with the intent of combining units to make a larger home, but the majority were purchases made after living in the building for quite some time. Simply put – Alteza residents love it here, and have doubled down on their investment in the Downtown San Antonio lifestyle. The numbers tell the story.
Alteza is hosting an Open House this weekend from noon to 7 pm, allowing potential residents to tour the homes before and after dark. To RSVP for the event, please CLICK HERE.