Just West out Hwy 105 is a great neighborhood called Pinewood. A special request came in for some market stats on Pinewood and I'm happy to provide some interesting housing data.
- There are 11 homes for sale in the Beaumont MLS with an average list price of $230,745.
- In 2009 there have been 7 sales with an average sales price of $177,829.
- The most expensive home currently for sale is a 4,000 square foot plus home on W. Pineshadows. The asking price is $435,000.
- The days number of days homes have spent on the market is 98 which is a little less than the Beaumont MLS average.
- Sellers were able to average 96% of their asking price for their negotiated sales price.
- The lowest sale was $110,000 or $55.89 per square foot.
- The highest sale was $272,400 or $83.66 per square foot.
- Of the seven sales, four buyers have used conventional financing, two paid cash, and one used a VA loan.
Of course, the statistics go on and on but those are the highlights. Pinewood is a neighborhood with older homes and new construction. When you are looking at sales data you want to compare apples to apples. So don't take the sales price of an older home compare that to the price of a brand new home. It doesn't work that way even if we -as buyers- wish that it did.
Any more questions on Pinewood just let me know. If you are curious about your neighborhood market statistics, I'd be glad to provide you some information. Happy house hunting.
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