SAN ANGELO NEWS

Over a year ago I wrote a newsletter talking about the San Angelo TIRZ program. Since then we have seen good activity for funding in the North and South TIRZ Zones. Today I wanted to highlight a few Mexican food restaurants that you may not know about. These types of establishments would be perfect candidates to receive TIRZ investments.  

El Rincón De San Miguel

Camaron Loco Restaurant And Tacos El Gym

Mi Casa Burritos

Little Angel's Restaurant

MARKET REPORT & INTEREST RATES

The Fed Meeting took place yesterday and held steady at current interest rates. I have been watching the Fed Futures and they had a 99.9% chance that this would happen even though key inflation indicators showed that a reduction could be warranted. Jerome Powell did indicate that he foresees at least two interest rate drops this year.  Although it looks like it will not be until the September meeting, everyone in Texas is hoping that it will come in July. Despite this news, we still had average mortgage rates lower yesterday. This is great for those shopping around for a home mortgage in San Angelo. The 10 yr treasury took a dip as well. 

I called to schedule a closing at the title company yesterday and they were completely booked for June 30th. I decided to look into what was in line to close for the rest of June. There are over 100 pending sales that are planned to close before the end of June. There are 580 homes for sale in San Angelo right now and another 193 that have accepted contract and waiting to close. Every single one of these closings will become a comparable sale that affects the value of homes in its neighborhood. The average sales price is slightly higher and it could go even higher in the second half of the year. Below is recent activity in the surround areas. 

Explore San Angelo's Available Inventory

Browse the latest listings in San Angelo using the links below.
Still not finding exactly what you’re looking for? Partnering with an agent from the #1 brokerage in San Angelo gives you exclusive access to off-market and private listings—before they hit the public market.

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Under 100k
100 - 200k
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300 - 400k
400k+

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NEW CONSTRUCTION

New Construction Market Remains Steady in San Angelo

New home sales continue to show resilience. Currently, there are 95 new construction homes listed for sale on the MLS, with 44 properties under contract.

ERA agents are actively working in several of San Angelo’s newest and most sought-after subdivisions. Explore your options and connect with us to learn more about available homes and upcoming developments.

Twin Buttes Ranches - Large homes on acreage 5 minutes from town
Southland Village - Three & Four bedroom homes off Knickerbocker 
Enclave at Twin Oaks - New homes close to Lamar Elem at the end of Clearview
The Meridian - New homes close to Lamar Elem at the end of Dominion Ridge
Bentwood Country Club - Larger new homes off Riviera and #7 pond
Shriners Point - 3 & 4 Bedroom homes in Lakeview off 40th and Armstrong
Twin Oaks - New homes close to Bonham off Scarlet Oak
Preston Wood - New home across from Bonham off Southland
Buffalo Heights - All size homes in Grape Creek ISD off FM 2288
The Bluffs - New homes off Melrose on some of the last remaining lots
Houston St. Condos - Two bedroom new construction under 200k - Coming Soon! 

ERA agents have access to many more that have not hit the MLS yet... many will not because buyers on our New Construction Up & Coming list will snag them up! Give us a call or shoot an email to discuss everything new construction!  325-481-0500 | info@sanangeloera.com

New Construction Homes for Sale

COMMERCIAL REAL ESTATE

There are 77 commercial properties for sale on the MLS right now. I found out about a few businesses with buildings that are coming available this week! Make sure to scan the commercial properties for sale on Crexi and let us know if you need more information. 

Here they are... not seeing what you are looking for? Give us a call for an off market list of properties! 
Commercial Sale  Commercial Lease

Here is a breakdown of price ranges of what is currently for sale: 

Under 200k

200-400k

400k and up

RENTAL MARKET / PROPERTY MANAGEMENT

Our property managers are seeing an increase in calls looking for rental homes. The inventory for rentals is down to 60 on MLS. If you own a rental and are looking for professional management, you need to give us a call!  If you need a rental, click here!  325-481-0500. 

Feel free to share this newsletter with anyone who may be interested! 

- Ryan Newlin, Broker & Owner

See all previous newsletters! 

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!

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