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News – San Antonio

* This news feed is generated through NewsTalk Texas, provided by the Real Estate Center at Texas A&M University

​​​​​By The NumbersTEXAS – The number of Texas homes sold for $1 million or higher jumped 19.1 percent and topped $7.5 billion in total sales dollar volume in 2017.

That is according to the 2017 Texas Luxury Home Sales Report released by the Texas Association of Realtors.

From October 2016 to November 2017, Texas luxury home sales jumped to 4,622 sales, making luxury home sales the smallest but fastest-growing segment of the Texas housing market in 2017.

During the same time frame, the sales dollar volume of Texas homes sold for $1 million and higher was $7,558,278,236, a 19.9% increase from the same time frame the year prior.​​

Despite the surge in sales volume, the median price for Texas luxury homes in the first ten months of 2017 remained unchanged year-over-year at $1,350,000. 

​From January to Oct​ober 2017, luxury homes in Texas spent an average of 98 days on the market, an increase of three days from the same time frame in 2016.
Texas Association of Realtors: Texas Luxury Home Sales

​​​SAN ANTONIO MANUFACTURING IN 2016: 32.4% Transportation 24.6% Equipment & Metal Products 21.1% Materials & Electricity 21.9% Diversified ProductsSAN ANTONIO – A new study released December 2017 by the San Antonio Manufacturing Association​ shows just how much the industry has powered the city’s economic engine in the last 16 years.

Since 2001, the total measurable economic impact of San Antonio-area manufacturing has more than tripled, from $12.9 billion to $40.5 billion in 2016.

San Antonio Manufacturing Association Logo.

Manufacturing workers in San Antonio earned a total of nearly $3 billion in wages last year, 36 percent more than a decade ago. 

Local manufacturing jobs on average pay 23 percent more than non-manufacturing jobs in the area—in 2001, that pay gap was 13 percent.​

Researchers noted a continuing shift of manufacturing jobs away from low-skill work and toward high-skill, high-tech careers.

Trinity professors Richard Butler and Mary Stefl led the research team that created the report.

​​​​​​​Oldcastle-Jewell's new concrete and mortar facility adds powder silos to the structure as it finishes construction in December 2017.BURNET, BURNET COUNTY – Jewell, an Oldcastle Company, opened a new state-of-the-art 23,000-sf manufacturing facility in Burnet.

The facility will be dedicated to Oldcastle’s concrete and mortar brands which include Sakrete, Techniseal and Amerimix, serving the DIY, commercial masonry and professional contractor markets.

The new plant will service Central Texas, including the Austin and San Antonio markets, and is located on 15 acres with an on-site quarry providing raw materials.

Founded in 1936 with manufacturing operations based in Katy, Waco, Hurst, and Rosenberg, Texas, Jewell services the Texas, Louisiana, Arkansas, and Oklahoma markets as part of the Oldcastle APG network of companies. 

Jewell also operates seven distribution facilities in the areas of Houston, Austin, Dallas-Fort Worth.

The Wolf Lakes Village mixed-use development is expected to break ground in 2018.GEORGETOWN – The Wolf Lakes Village mixed-use development is expected to break ground in spring 2018.

The 164-acre mixed-use development is near I-35 and SH 29, and such as the Wolf Ranch Town Center shopping mall and the 755-acre Wolf Ranch residential community.

Wolf Lakes Village will be modeled after a classic Italian village reflecting a region’s specific architecture and culture.

So expect features like stone masonry, a bell tower, fountains and a central plaza.

Like other mixed-use developments, the village will feature office space, residential units, restaurants, hotels and other amenities.

​​Pictured is Timberview Ranch, a new 304-unit Class A property in Grand Prairie. After its sale, it will be known as Bexley Mansfield.FLOWER MOUND  | GRAND PRAIRIE – San Antonio-based SWBC Real Estate LLC sold two North Texas multifamily properties to a Virginia-based real estate firm as part of a $100 million package.

The properties, called River Walk Village and Timberview Ranch, were sold to Weinstein Properties. 

River Walk Village is a 358-unit Class A property in Flower Mound. 

Timberview Ranch is a new 304-unit Class A property in Grand Prairie. 

SWBC Real Estate developed both properties, with construction completed in 2016 and 2017, respectively.

As part of the deal, Weinstein Properties has rebranded River Walk Village to Bexley River Walk and Timberview Ranch to Bexley Mansfield.