VIEW THIS WEEK’S OPEN HOUSESSAN ANGELO NEWS The building where the Deadhorse Saloon was
Commercial Buildings, Interest Rates and a Market Report!
Dated: November 14 2024
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SAN ANGELO NEWS
The building where the Deadhorse Saloon was located has been on the market for just over a week and already has a buyer. The Downtown shakeup continues with The Up & Down Saloon opening up last week. There are a couple of closed down chain restaurants available as well. The Hooters on Sherwood Way is available for lease and the old Red Lobster is for sale.
The San Angelo MLS currently has over 63 commercial properties for sale and 41 for lease in San Angelo. See them all here: Commercial Sale Commercial Lease
Downtown San Angelo had two bars and an office building hit the market this week.
Here is a breakdown of price ranges of what is currently for sale:
INTEREST RATES
It was widely reported that the Federal Reserve reduced the Fed rate last week by 1/2 a percentage point. This Fed rate is how much banks are charged for borrowing funds. That was great news but we are not seeing the same reduction in mortgage rates. The reduction in rate had already been built into the mortgage rates prior to the decision. The treasury yields, which mortgage rates tend to follow, have seen a small uptick over the past few days. Now we wait for more inflation data to come in and the last two Fed meetings of the year. These meetings occur in November and December. There is a good chance that there will be one or two more rate reductions.
The national average mortgage rates are still very competitive and a considerable savings on what we were seeing over the Summer.
MARKET REPORT
It has been a solid week for home sales in the MLS. In the past SEVEN DAYS there have been 79 new listings, 44 closings and another 33 go under contract. Inventory in San Angelo continues to rise in all price ranges. There are now 517 residential listings for sale in town. There are now more homes for sale in just the 200-300k price range than we had on the market during covid.
New construction homes have seen an increase in activity this month. We currently have 19 homes pending sale and 90 more on the MLS. Forty-one have closed over the past three months. Below is a breakdown of new construction activity over various price ranges.
Explore New Construction Homes for Sale – Click here
There are currently 517 homes for sale plus another 155 under contract in San Angelo. Here is a breakdown of price ranges as well as a link to check them out.
Current Listings by Price Range:
Feel free to share this newsletter with anyone who may be interested!
- Janet Ridgway, REALTOR® 325-212-9451
-Samantha Tarr, REALTOR® 325-340-7252
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Thank you for your time today
We look forward to working with you now or in the future...
Samantha Tarr Realtor®
As a Realtor® in Texas, Samantha engages in various activities related to the real estate market, such as assisting clients in buying or selling properties, staying updated on market trends, and n....
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San Angelo Association of Realtors® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
