Market Updates November 21, 2023

New Construction Update November 2023

We wanted to give you a new construction home update for San Angelo, Texas, as of November 21, 2023. With 68 properties currently available, prospective homebuyers have a diverse range of options. This blog post will delve into the key details surrounding these new homes, including pricing, insurance advantages, and recent sales trends.

Pricing Overview

One of the most appealing aspects of the current market is the diversity in pricing. For those on a budget, there are 30 new construction homes priced under $300,000, providing an accessible entry point into the world of homeownership. The mid-range market is well-represented with 16 homes priced between $300,000 and $400,000, while those seeking more luxurious options can explore 8 homes in the $400,000 to $500,000 range and 14 homes priced over $500,000.

The average price of new construction homes in San Angelo stands at $382,000, with an average cost per square foot of $191.

Insurance Advantages

One noteworthy advantage of opting for a new construction home in San Angelo is the potential for lower insurance costs. New homes often come equipped with the latest safety features, modern construction materials, and energy-efficient technologies, making them less prone to risks and potentially reducing insurance premiums. Homebuyers can enjoy peace of mind knowing that their investment is not only state-of-the-art but also financially savvy in the long run.

Recent Sales Trends

Over the past six months, the Multiple Listing Service (MLS) has recorded 91 new home sales in San Angelo. It’s important to note that this figure may not capture all transactions, as custom-built homes often bypass the MLS. The average sale price for these homes was $349,000, with an average cost per square foot of $188. These figures suggest a robust market, with consistent demand for new homes in the region.

Staying Updated

For those actively looking for new construction homes or simply keeping an eye on the market, the website is a valuable resource. This site provides real-time updates on available new homes, ensuring that users are always in the know about the latest listings and opportunities. Save the link for quick and easy access to the freshest information on San Angelo’s new construction homes.