Lumberton Home Sellers Average 97% of Asking Price

Welcome to Lumberton, Texas.  If you are selling your home in Lumberton, you are probably a pretty happy home seller.  Since Jan. 1, 2009 home buyers have been willing to pay 97% of the asking price on average for all homes that have sold with a Lumberton address.  

While many areas across the state have excess inventory and desperate home sellers, that's not the case in Lumberton.   The average number of days a home has spent on the market in 2009 is just 101- just a little over three months.  Now, keep in mind, that is the average.  As I glance over the Beaumont MLS data, there are several active listings that have been on the market for over 400 day - that's more than a year. 

One popular neighborhood, Gracelake Estate, has a few homes that have been on the market for over a year.  They are brand new construction.  The builder must not be that eager to sell.  There have been four closings so far in 2009 in the neighborhood and they averaged right about 100 days on the market.  

Here's a snapshot of sales in some other neighborhoods in Lumberton: 

• Crestview - 3 homes for sale, 5 sold in 2009. 
• River Birch Place - 6 homes for sale, 3 sold in 2009.  All sales closed at over $100/sq ft.
• Silvercrest - 13 total, 3 for sale, 7 closed, 3 under contract.  $91/sq. ft. was the lowest sale.  $109/sq. ft. was the highest sale.

• Stonegate- 3 sold, 3 pending, 5 for sale. All closings have been over $100/sq.ft. but one of the pendings was listed at $77/sq. ft.  It was corporate owned and it looks like some home buyer got a really great deal.

• Westwood had the most activity of any Lumberton neighborhood.  Its one of the only newer communities where you can find homes priced around $150,000.  

Five other interesting market trends:

• So far this year the median price of homes that have sold is $149,900.    

• Six homes spent less than 30 days on the market prior to sale.

• Five homes spent more than 200 days on the market prior to sale.

• Thirty-three sales were in Westwood.

• Only six homes sold for under $70/square foot of living space.

If you are planing to sell your home and want to know how to price it so that you get 97% of your asking price, call me.  There is a strategy to pricing a home correctly no matter what town you live in. Price it correctly and you'll be a happy home seller too.

Comments

[john beck]

I must say and appreciate the webmaster about his work, that he is really done a great job.