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There are 18 open houses scheduled for this weekend. The link above has all of these plus any others added later in the week. There are multiple new construction, two homes out by San Angelo Country Club, a home in The Bluffs & multiple options under 200K!
SAN ANGELO NEWS
We all know that there is lack of restaurants with patios in San Angelo. Cork & Pig is doing something about it. The main patio structure is up off the east side of this popular eatery.. I also hear there is a Mexican restaurant going in downtown that will have a great patio!
This will be great come 2025!!
INTEREST RATES
Mortgage rates have slightly rebounded this week with the 10 year treasury yield dropping daily. Although we are not seeing the rates from just two weeks ago, buyers are still seeing a drastically better rate from early 2024. The general consensus is that we will have at least one more Fed rate cut this year. It is less likely that there will be two cuts but it is still a possibility. The next Fed meeting is after the election so we should know much more by then.
Here is a breakdown of principal & interest payments for various loan amounts at two different interest rates.
MARKET REPORT
The past week in San Angelo real estate has been stable. There Have been 74 more homes hit the market while 30 have closed and 31 have accepted offers to go under contract. These numbers are consistent with a late September and October market. As I write this we are less than three weeks from the presidential election and I continue to hear buyers and sellers waiting until we get through this to make a move.
Here are some highlights from looking through the past 30 days of residential closings in San Angelo…
- There have been an even 100 sales
- 12 of the 100 were new home sales
- 4 sales under 100k and 7 over 500k
- Price/ft is still around $155 & Days on market is under 90
- Wall ISD had 2 sales over 900k
- 29 sales paid 0% interest – Cash!
- 12 sales had interest rates in the 5’s
- ERA represented 60 buyers and sellers in these 100 sales!
When you have 562 houses for sale in town you have a lot of options to choose from! Check them out below!
Under 100k
100 – 200k
200 – 300k
300 – 400k
400k+
NEW CONSTRUCTION
This doesn’t even count for all the new homes our agents have coming in the pipeline. We have builders that have inventory that haven’t hit the market or are in the beginning stages of being built. Let me know and I can send a list of this off-market inventory! info@sanangeloera.com
New Construction Homes for Sale
COMMERCIAL REAL ESTATE
The San Angelo MLS currently has over 67 commercial properties for sale and 39 for lease in San Angelo. See them all here: Commercial Sale Commercial Lease
Here is a breakdown of price ranges of what is currently for sale:
Feel free to share this newsletter with anyone who may be interested!
ERA Newlin & Company is San Angelo’s premier real estate brokerage and we have been helping folks buy and sell since 2003. Since 2018, we have sold more homes for more money than any other real estate office!
Looking to BUY or SELL in 2024??
Interview me for the job! Rachel Haralson, Realtor
Thank you for your time today
I look forward to working with you now or in the future…
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Rachel Haralson, Realtor
