An inside look at the residential real estate market in Southeast Texas including: the hottest neighborhoods, proven home selling strategies, home buying and negotiating tactics, median prices by neighborhood, average days homes are on the market, and professional advice on how to get the best deal when buying or selling a home.

Why Hasn't This House Sold?

Why Hasn't This House Sold?

Sometimes a listing that should sell quickly doesn't.  

This is a remodeled, move in ready home just off Tram Road in Beaumont.  It has 1542 square feet of heated and cooled living space.  It has 1/3 of an acre.  It has a workshop/storeage building in the back.  The architectural shingle roof was put on in 2017.  

There should be a line of buyers waiting to buy this one.  

Share with anyone you know who's looking for a home that's under $110,000.  Contact me for an appointment to go see it.  

Sincerely,

Diane

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Choosing a Top Realtor in Beaumont, Texas. Diane McNelis

 

How do you choose a top Realtor?   There are a few simple things to check before you choose a real estate agent.

Half ninja

  1.   How long has the Realtor been in the real estate business?  The longer the better.  The more contracts they have written and homes they have sold has added to their knowledge and experience.  Look for an agent who's been in the business at least five years and has sold over 100 homes.  I've been helping people buy and sell homes for about 18 years and have written hundreds of contracts. 
  2.  Is the Realtor a Relocation Certified Agent?  Relocation agents are chosen by their brokers because they are the top agents in their office.  Relocation agents take extra training and meet high customer satisfaction goals.  I've been a Relocation Agent for over 10 years.  I work with Cartus clients, Brookfield clients, Weichart clients and several others.
  3.  What do past clients say about the Realtor?  We live in a world of reviews.  If you agent can't show you good reviews from past clients you might need to look around for another agent.  

If you are thinking about selling a home in Southeast Texas and you are looking to talk to a top Realtor, please call me.  Text me if you prefer to text.  I'm always available to discuss real estate and the ways I can help you sell your home. 

Sincerely,

Diane

 

 

 

 

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Beaumont, Texas Home Prices Up 11.1% in 1st Q 2018

Home Sales in the 1st Quarter of 2018 

  • 225 Homes were sold.  4.3% less than the 1st Q of 2017
  • Median price was $149,950.  That's an 11.1% increase from the 1st Q of 2017.
  • Inventory is very low at only 2.2 months supply.   Balanced markets have about 6 months supply.

Beaumont Housing Report March

Takeaways for buyers: 

There is a lot of competition for the limited number of homes on the market.  You will want to know as soon as a new home hits the MLS.  Your Realtor can set up a listing notifier for you.  Be prepared to see a home in the first day or two its on the market if you want to have a chance at getting the home.  Be prepared to come in at your best offer and in some cases be ready for to compete in a multiple offer situation.

Takeaways for sellers:  

If you are considering selling your home this is a great time.  There are more buyers in the market for "move in ready" homes than there are homes available.  Its a sellers market.  What to find out what the value of your home is in this market, call me.  A professional market analysis is a service I provide.  No cost or obligation to list.   If you have real estate questions, I'm happy to help. 

Sincerely,

Diane

 

 

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Home Selling Hint: Curb Appeal is Important.

I recently listed a home in Wexford Park, in Vidor.  You could say the exterior was a little bland and lacking eye catching curb appeal.  But the seller called in some landscaping professionals and "ta da".  What a change a little landscaping makes.  

 1755 Galway is a three bedroom, 2 bath home.  For sale for $159,900.   If you would like more information on this home or want to schedule an appointment to see it, call me 409-504-9097. 

If you are thinking about selling a home in Southeast Texas and want a strategy to help it sell for top dollar in the least amount of time possible, call, text or email me.  I've been helping clients buy and sell homes in Southeast Texas for over a decade.  I'm a multi-million dollar producing agent and member of Coldwell Bankers Diamond Society for top sales performance.  I can help you sell your home. 

Sincerely,

Diane

 

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Median Home Price in Orange County, Texas, February 2018

Feb Housing Report Orange Co

It is safe to say home prices in all parts of Orange County, Texas are still being affected by Hurricane Harvey.  More than half of the homes that closed in the month of February were sold for less than $100,000. 

What this image doesn't show is the number of flooded and gutted homes that sold vs the number of move in ready homes that sold.  Here's some other Orange County Homes Sales Stats:

  • Home prices are down 21% from last February 
  • The number of homes that closed this February is also down 21% from last February
  • The number of homes for sale is also down 21%.  

For buyers its a hard time to find a "move in ready" home in Orangefield, Vidor, Little Cypress and Mauriceville.   Seven months since Hurricane Harvey flooded close to 80% of the homes people are still rebuilding.  That limits the availability of homes for sale.  We are just now seeing the first remodeled and repaired homes hitting the market.   

If you are planing to buy or sell a home in any Orange County neighbor, I'm happy to help.  

Sincerely,

Diane

#409Sold.com

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Shortage of Homes for Sale in Vidor, TX

Its been almost seven months since Hurricane Harvey flooded close to 80% of the homes in Vidor, Texas.  For home buyers that is making it hard to find a home.  

Take a look at this chart. It shows the number of homes for sale in a given price range:

Vidor homes by price range

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shortage of Homes Continues

If you are in the market to buy a home in Southeast Texas there are the first 2 things you should do.  First, get pre-approved with the lender of your choice.  Need a recommendation for a good local lender- text me.  Next, get your realtor to set you up with a listing notifier direct from the MLS.  Don't have a realtor yet?  Call me.  After you do those two things you are ready to start looking at homes.  

Sincerely,

Diane

#409Sold.com

 

 

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Here's a new listing. Hitting the Market Today. Total remodel. Thanks to Harvey. This home is precious and looking for the right someone.

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93 New Construction Homes Currently For Sale in Southeast Texas MLS

  New Construction Sales

 

 

Five things to know if you are looking to buy a newly built home in Southeast Texas:

  1. The neighborhoods with the most newly built homes for sale are Acadian Quarters in Bridge City,  Barrington Heights in Beaumont, Bergeron in Hamshire, Copper Point in Lumberton, Diamond D in Beaumont, and Dominion Ranch in Port Arthur.
  2. The average price range for the new construction homes that are currently listed for sale in the SETX MLS is $$332,052
  3. Expect to pay between $120-$140/SF of living space.  Most amenities equal higher price/SF.
  4. Most newly built homes will have a lot size of 1/4-1/3 of an acre.  
  5. Builder may negotiate a little on price depending on the inventory they have.

If you would like to find out more about any newly built home in Southeast Texas, I can help.  There is no cost to the buyer when working with a buyer's agent on the purchase of a new home.  

Sincerely,

Diane

 

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Its Hard Finding Homes For Sale in Vidor and Little Cypress, Texas

Have you been looking to buy a home in Vidor, Little Cypress, or Mauriceville?  You are probably getting frustrated.  Take look at the latest home sales data from the SE Texas Board of Realtors.

Currently there are 83 homes listed for sale in Vidor and Little Cypress.  When you take out those that are being  sold "as is" with flood damage the number drops to 56.  

Priced between $80,000-$200,000 the number of homes for sale drops even further to just 22.  

My advice to sellers:  If you are thinking about selling there will never be a better time than this spring.  

My advice to buyers: Be ready to act fast.  The best homes hitting the market are selling within days.  You need to get pre-approved for a loan and be ready to make an offer as soon as you find a home you really like.  Its a tough market out there because of the shortage of homes available.  

If you have any questions about selling or buying a home in Vidor or Little Cypress, Let's talk.

Sincerely,

Diane

Orange Co Jan

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