Beaumont home sales took a direct hit from Hurricane Ike. September sales numbers will be one of the lowest months on record. If you consider we had two mandatory evacuations during the month, and you consider the courthouse was closed for multiple days, and you consider insurance companies won't issue home owner policies when there is a storm in the Gulf of Mexico, it seems a little amazing any homes were able to close in September.
Somehow about 100 home owners actually closed on homes in September. *Data from Beaumont and Mid-County MLS.
Welcome to October. The U.S. economy is in the doldrums, everyones waiting on the election, and the stock market is scarier than the most frightening Halloween movie.
So who's buying a home in October?
Currently there are 66 pending sales with a Beaumont City address.
Here's five market statistics that may surprise you.
1. Average days on the market went down from 108 in August to 82 days on the market for this group of pending sales.
2. $106,000 is the median price.
3. 3 of the 66 pendings had an asking price over $300,000.
4. 28 of the 66 pendings had an asking price less than $100,000.
5. The neighborhoods with the three most expensive pending sales are: Barrington Heights, Sheridan Park and Brownstone.
What will the final October sales numbers come in at? We will know that answer in a few more weeks. Check back on the blog in early November. Or better yet just subscribe to the blog. Its easy. Look in the upper right corner above the map search. That way you'll be one of the first to know every time the latest market news is published.