Its home buying season in Beaumont. May through September tend to be the most active months for our real estate market. Its not just a Southeast Texas home buying trend. The summer months are the most active for home sales all over the country.
One trend we are seeing this May is the sales of expensive, high-end, executive homes are starting to pick up steam. So far this month there have been fourteen sales over $300,000. Anything above $300,000 is pretty much considered executive in our market. Be glad you don't live in California where the $300's are entry level, starter homes. Lucky for us we don't. So be happy.
Here's a quick glance at some of the executive sales:
- The most expensive sold for $575,000. It was in Montclaire. It sold for 92% of the asking price and was only on the market 2.5 months.
There were two other homes that sold for over $500,000. One in Brownstone. One in the Oaklane Addition of Beaumont.
Ten of the homes sold at more than $100 per square foot of living space. You might expect that in an executive level home. All that granite and crown molding isn't cheap.
The home that sold in the least amount of time sold in less than thirty days. The seller got 94%of their asking price which was $349,900.
The home that was on the market the longest was on the market over a year. The seller originally asked $650,000 and the home finally sold for $450,000. It was in Calder Place.
Want to know more about Southeast Texas' executive homes and what's selling. I'm just a phone call away. Ask me any real estate question and if I don't know the answer I will find it out for you. This just might be the best time to put your home on the market because in May the Luxury homes are moving.