Tom Green Tax Valuations coming soon.. plus some San Angelo Housing Info

THIS WEEK OPEN HOUSES


SAN ANGELO NEWS

Tom Green County property tax valuations will be sent out next week! Most of you will remember last May when property valuations were the talk of the town. Homes and land values dramatically increased and there was an all-time high in tax protests. On May 6th, the Tom Green County Appraisal District will start mailing notices for the majority of properties. You will also be able to go in and look at your new value online on that same day. If your valuation does not increase more than $1000, you will NOT be mailed a notice. 

If you want to protest the value of your property, regardless of whether the value increased this year or not, you will have until June 5th to request a review. Last year you could fill the form out online, by mail or in person. Next week I will include instructions on how this can be done. I want to make sure the options are the same!

We at Home and Land Group have always tried to help the best we can when our clients are protesting their taxes.. This year we will be able to help even more by being able to provide comparable sales.

Tom Green County Appraisal District
www.tomgreencad.com

MARKET REPORT

April was a great month for home sales in San Angelo. Here are a few stats for residential home sales in San Angelo only. We saw 127 closings in April with an average price of $262,000. These homes average just over $154 per foot and 85 days on the market.  March only had 112 closings so it is getting busier in the market. Both the number of active listings and pending sales reached yearly highs in April. 

The 250-350k price range is definitely the busiest segment of the market. Homes in that range will still move very quickly. Check out homes for sale in this price range here. 

Our local homebuilders saw a good month as well with 23 closing and another 30 homes pending. Here is a list of new homes currently available.. New Construction Homes

Looking to move to Bentwood Country Club? There are currently 20 homes for sale in this golf course community with 13 more pending. For Sale In Bentwood Country Club

Finding a home for under 175k is tough in San Angelo due to demand from first time buyers and investors. We had 25 sales last month under 175k. There are another 59 available, see them here.  Homes Under $175,000

San Angelo has 379 active homes for sale as of 5/1/24. 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

San Angelo Mortgage Minute

It has now been two years since mortgage interest rates have been above 5%. Home sales definitely slowed after the Covid years and many buyers decided to wait for the market to soften or interest rates to come back down. Here in San Angelo two years of higher rates have not moved values lower. The median and average home price has continued to increase in 2022 and 2023. If you purchased a home in the past couple of years you have not been able to refinance like I am sure you hoped but, your home is worth more today. You have gained equity that will come in handy when you are able to refinance. 

Today, the Fed will hopefully shed some light on rates for the remainder of the year. They are still predicting three rate drops although many experts are saying this will not happen until 2025 or 2026. No matter what, I will keep you updated with what is actually happening and it affects you, your home, and your equity!


FEATURED BUSINESS

Dream Home Funding San Angelo x

Martin Farris is a local Mortgage Broker providing mortgage solutions for all types of purchase, refinance or home equity loans. He is a flat fee lender that can make your dream home a reality. 
325-651-2100
Website

Wilde Engineering San Angelo

Blake and Erica Wilde do it all when it comes to surveying and development issues in the Concho Valley. Check out their website for a list of services. 
325-277-8682
website

If you have a company involved in the real estate business that you would like featured, please reach out with info about your company. 

- Janet Ridgway, REALTOR® 325-212-9451

-Samantha Tarr, REALTOR® 325-340-7252

Looking to BUY or SELL in 2024??
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We look forward to working with you now or in the future...

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