In a recent article in the San Antonio Business Journal, Mike Thomas reports “Oil production in the Eagle Ford Shale was up 74 percent in February compared to one year ago to set an all-time high.”
San Antonio’s Lackland and Randolph Air Force Bases are close enough to the Eagle Ford Shale oil fields to feel the economic impact of what is fast becoming one of North America’s major oil finds.
The signifigance to San Antonio’s Air Force families is that there’s higher demand for homes in the communities near the bases. This, in turn, has caused a dramatic increase in residential property sales, higher home sale prices, and elevated residential property tax values.
If you are planning to buy or sell a home soon near Lackland or Randolph AFB, contact Randy Kelley (210) 863-2661 or Stephanie Kelley (210) 867-8743 for advice and assistance. Their goal is to help you get the best price, terms, and conditions for your residential real estate investment.
Randy and Stephanie are Realtors ® at Keller Williams Legacy, San Antonio, Texas. Their website is sanantoniohomequest.com.