BY PARKS KUGLE
The background
Taking a step back
Stay tuned
Browning said Stone Oak’s housing inventory has modestly increased since the post-pandemic peak of 2021-22. “The uptick in inventory has given buyers more negotiating power, yet demand remains steady,” Browning said. As of 2024-25, a single-family home in Stone Oak ranges in price from $375,000-$750,000, while luxury homes in gated communities range from $850,000 to over $1.5 million. Browning said over the last five years, properties have averaged a 5-7% annual increase in value, and generally sell faster than older central neighborhoods. Typically, homes are sold within a 30-60 day window. Though single-family homes are the primary type of residence, Browning said townhomes and upscale apartments are gaining traction. “Within the next 5-10 years, Stone Oak will remain a top-tier submarket, though land constraints will shift focus to redevelopment and vertical construc- tion,” Browning said.
With a median age of 39 and median income ranging from $65,000-$85,000, Stone Oak skews older and wealthier than the San Antonio average, according to the U.S. Census Bureau. “For residents, the attractiveness of Stone Oak includes top-rated schools and master-planned developments,” said Craig Browning, a realtor with Phyllis Browning Co.
Morris said discussions are taking place with potential businesses to lease the space ahead of a projected November opening.
First conception of Providence by the Green
2019
Oct : Property went under contract
2020
June : Purchased property April : Morris partnered with WestEast Designs
2021
Stone Oak area population growth
2022
78258 78260
60K 50K 40K 30K 20K 10K 0
51,672
2023
46,418
2024
Sept : Groundbreaking
37,389
27,696
Oct :Construction complete Nov : Estimated opening
2025
2018 2019 2020 2021
2022 2023
SOURCE: WESTEAST DESIGN GROUP/COMMUNITY IMPACT
SOURCE: U.S. CENSUS BUREAU/COMMUNITY IMPACT
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NORTH SAN ANTONIO EDITION
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