There's so much charm in the old historic homes that are nestled in the Oaks Historic District. Its hard to compare the character of these beautiful homes to new construction in Southeast Texas.
Back in 1993, Beaumont's Oaks Historic District was established to preserve the historic character of Beaumont's only historic district. For home buyers thinking of buying in the historic district there are ordinances you will have to follow. Exterior paint color changes, exterior modifications, fencing, windows, and any signage changes require a Certificate of Appropriateness from the City's Planning and Zoning Commission. Think of it like a home owners association in a newer neighborhood. For home buyers who like big trees, large yards, and wonderful traditional architecture the historic district might be for you. Many of the homes have been through renovations and include lots of updates like you would find in the new construction homes. Think of it as the best of today and yesterday. Another benefit of an older home you get more living space for your money.
With all the benefits and appeal of historic homes, there are trade offs. The biggest concern most home buyers express when considering a historic home purchase is the maintenance and upkeep. In the Southeast Texas housing market for the past twelve months it seems like more home buyers have been favoring new construction with less up keep and smaller living spaces to the big beauties in the historic district.
Take a look at the active, pending, and solds. This is a snapshot of the market since last April. Data is for a specific price range of homes priced between $200,000-$400,000 only. *Data is gathered from the Beaumont MLS.
Just looking at the past twelve months is a little worrisome if you are a prospective home buyer. The nine listings and only two sales in this specific price range would give the neighborhood a four and a half year supply of homes on the market.
Looking more closely at the two sales they both spent over 130 days on the market. A little higher than the norm in the market. Both these homes sold for a similar price per square foot. One on Evalon sold for $88.46/ square foot. The other on Ashley sold for $80.37/ square foot.
The current actives range from $65.79/ square foot to over $120/ square foot. The current average days on the market is about 140.
If you want the charm and character that you find in a historic home then the Oaks Historic District is a great place to look. There's a couple real beautiful homes for sale right now. With the past twelve months sales being a little slow, and supply of inventory a little on the high side you might even be able to negotiate a great deal on one of these historic beauties.