Going Back in time

San Antonio, Texas
Market Trends & Data
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Going Back in time

Andrew PakchoianPro Member
Member since 2018 · 12 posts · 1 vote

I am a real estate investor in San Antonio. Looking forward, I think it's pretty clear that a downturn in the market is on the horizon. That said, looking back to the 2011-2012 time period, what were duplexes going for?  I'm setting cash aside and looking to finally be in a buyers market. Thoughts? I prefer cash flow properties. 

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Eliott Elias
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y

Why are you looking at 2011 prices? There may or may not be a downturn, regardless, you should be buying deals either significantly under market value, or with great terms on creative finance.

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  • Rick Pozos
    Wholesaler, Rehabber and Landlord · San Antonio, TX · Member since 2014 · 2k+ posts · 2k+ votes
    3y

    The smaller multi properties are going NO WHERE NEAR 2012 prices. Just keep investing. Buyers market here in San Antonio means that properties will stay on the market longer, prices MAY come down a bit, but not much. When a property is on the market for 100 days, sellers get a little nervous.

    This is the time that you ask for seller financing with 10% down and ask for 7% interest maybe even 6% if you come up with 20% down. You might even be able to offer 10-15% off of listed price. Do it now. If rates come down a bit at the end of the year or next year, prices are going to be roaring back!!

    1Reply
  • Allen Wu
    Rental Property Investor · Member since 2021 · 335 posts · 193 votes
    3y

    How is northwest San Antonio right under helotes? Is that area still hot? Multiple bidder under $250k homes?

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  • Trevor Richardson
    Real Estate Broker · Reno, NV · Member since 2023 · 267 posts · 297 votes
    3y

    I’m not going to pretend to know the SA market, but in general, from what we are seeing, we are nowhere close or will be close to 2011. Even if the housing market crashes, apartments will do very well. In 2011 people literally lost their homes in masses then had to move into apartments. Apartment rents were lower because the economy completely cratered, but demand was there. Whatever we are seeing today ain’t 2011 IMO. This is such a smart time to buy right now. 

    What we always hear today “man if I could go back to 2011 I’d buy everything.”

    What was said in 2011 “everything is a mess why would we invest now, housing is awful it would be stupid to buy property”. 

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  • Eliott Elias
    Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    3y

    Why are you looking at 2011 prices? There may or may not be a downturn, regardless, you should be buying deals either significantly under market value, or with great terms on creative finance.

    2Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    3y

    I don't think we'll see those prices ever again unfortunately. I hope we do but am continuing to buy now and just finding deals that work. 

    [email protected]512-888-9122
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  • Brad Jacobson
    Realtor · Ogden, UT · Member since 2019 · 338 posts · 415 votes
    3y

    In my local market (Utah) inventory in 2023 is even lower than it was in 2019.  2019 was considered a white hot market.

    Because almost no homes were built between 2008 and 2018, we're still in a true supply and demand shortage.  The 2008 crash flooded the market with properties.

    This is not financial advice but I have my money on property values continuing to rise.  Especially when rates level out and inflation continues to decline.

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  • Account Closed
    Real Estate Agent · San Antonio, TX · Member since 2016 · 67 posts · 58 votes
    3y

    @Andrew Pakchoian I think it's more important to know current market cycles than it is to look back at specific snapshots of time. Call it an impending downturn, a correction, etc. (please don't misuse "crash"), but sure, prices will not be what they've been recently in the last few years nor will they ever return to 10 years ago. It's one of those phrases that we use to help people contextualize this sort of dynamic: "ask folks that bought 20-30 years ago if they're happy they bought real estate?" I'd wager you get a lot of "yes." Between debt paydown, tax benefits, depreciation, possibly forced and natural appreciation - there are a myriad of ways you win in this business by holding an asset over time. 

    Now how to achieve a cashflowing rentals currently is a whole other subject. It will take a lot of patience, offers, time and likely some creativity and capital but it is possible. 

    I'd be happy to speak with you further when you're ready to jump in. 

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  • Andrew PakchoianPro Member
    OP
    Member since 2018 · 12 posts · 1 vote
    3y

    Thanks everyone.

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  • Carlos Ptriawan
    Member since 2019 · 7k+ posts · 4k+ votes
    3y
    Quote from @Andrew Pakchoian:

    I am a real estate investor in San Antonio. Looking forward, I think it's pretty clear that a downturn in the market is on the horizon. That said, looking back to the 2011-2012 time period, what were duplexes going for?  I'm setting cash aside and looking to finally be in a buyers market. Thoughts? I prefer cash flow properties. 


     we have real estate crash actually.

    But crashing up. Our local price already raise one hundred k just from january this year.

    good luck even dreaming 2021 price lol

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