Check out some of this weekend’s vibrant fall festivities. Pick your vibe, spooky, sweet or artsy. There is an event for everyone. 

Fort Concho House of Horrors
Do you love history and haunted houses? The staff at Fort Concho have turned the historic Quartermaster building into a terrifying maze that might make you laugh through an unexpected fright!

🗓 Friday, October 4, 2024
⏰ 7:30 PM - 11:00 PM
📍 Fort Concho

FMI go to Fort Concho House of Horrors

Sierra Vista Harvest Festival
Want something a little less spooky and more wholesome? The Sierra Vista Harvest Festival has the perfect photo backdrops and all the cozy, country vibes you could want. This event offers a variety of fun activities for every age.

🗓 Saturday, October 5, 2024
⏰ 8:00 AM - 1:00 PM
📍 Sierra Vista United Methodist Church

FMI go to Sierra Vista Harvest Festival

First Saturday at the Chicken Farm Art Center: Fall Edition
If you’re drawn to the artsy side of life, the First Saturday at the Chicken Farm Art Center is where you want to be. Local artists, musicians, and craftsmen gather for a day of creativity and community.
🗓 Saturday, October 5, 2024
⏰ 10:00 AM - 5:00 PM
📍 Chicken Farm Art Center

FMI go to First Saturday @ The Chicken Farm Art Center

So while you're out enjoying this weekend’s events, keep your eyes open for your next home! San Angelo is not just a place to live—it’s a place to thrive, whether you're into historical chills, family fun, or artsy weekends. San Angelo has it all!

INTEREST RATES

Mortgage rates have had a good week so far but treasury rates are on the rise as of Wednesday. Jerome Powell said during an interview this week that he expects at least another 1/2 point drop in the Fed rate this year. Positive inflation data that is coming in looks positive as well. This is great news if we end up seeing it. 

The longshoremen strike could hurt the economy in the coming weeks and this has economists a little worried. If this strike ends fairly quickly it does not seem like there will be too much damage done to prices. Let's all hope they can get to the mediation table and come to an agreement.

On another note, we have seen buyers getting approved with some great interest rates lately. Mortgage rates in the 5's are historically great and still are now that we have seen the alternative. If you have thought about making a move, purchasing for the first time or just have a question...  let me guide you through the process! 

MARKET REPORT  

We made it through the third quarter of the year and sales are pretty darn good considering the increase in interest rates this year. These stats are for San Angelo residential sales only. There have been 1,085 closings this year. The median price is $254,000 and price per foot is around $154/ft. Median days on market show 64 but the average is 107. 

Homes are definitely on the market longer than in previous years. The number of sales are down this year but values are maintaining for the most part. It really comes down to the seller's motivation. While some are fine waiting for the right price, others are taking advantage of today's offer and trying to make up the difference on their next purchase. The housing inventory has increased to a point where you don't have just a couple houses to look at in your preferred area or price range.

There are currently 526 homes for sale plus another 156 under contract in San Angelo. Here is a breakdown of price ranges as well as a link to check them out.

New Construction Homes for Sale

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

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

Looking for your next San Angelo home, go to Search San Angelo Homes for Sale.

Want to know what is going on in or around San Angelo? Check out my Key Events, I hope to see you there.

LaFreta White, Assoc. Broker | Realtor @ ERA Newlin & Co. | 325.656.6896 | lafreta@sanangeloera.com