Concho Valley Dragway Opening Soon! Plus some San Angelo Real Estate News

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SAN ANGELO NEWS

Concho Valley Dragway race track aerial

The Concho Valley Dragway is getting really close to a grand opening this summer. San Angelo's newest 1/8 of a mile attraction is getting primed up to allow spectators in late June or early July. For those that do not know, the track is located just west of San Angelo off Arden Rd. I have heard that everything that has been built has taken only two months. Check out their FB Page for more information. 

If you are looking to get even closer to the action, check out homes for sale in the area here! Also, ERA Newlin & Company has lots in two new subdivisions in the area. Lot sizes are 1/2 acre all the way up to 20 acres if you need to build your custom home and shop from the ground up. 

Concho Valley Dragway racing schedule


MARKET REPORT

Yesterday I ran San Angelo residential home sales and compared it to the same timeframe in 2023. I was shocked to see that the numbers were virtually the same. Despite higher interest rates, prices are still remaining steady and homes continue to sell for just under list price. Inventory is increasing as well! As of yesterday there were 451 homes for sale in San Angelo. Six months ago there were less than 300 on the market.

San Angelo has 451 active homes for sale as of 6/4/24. Here is a breakdown of price ranges as well as a link to check them out.

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


INTEREST RATES

Average Mortgage rate san angelo texas

The average mortgage rates have been dropping in recent days. The 10 year treasury yield has been tumbling as well. It is not quite down to early 2024 lows but it is trending that way. There has yet to be any clear direction on what the Fed plans to do on their interest rate but hopefully we are moving in the right direction. 

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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