Buying a Home in Boykin Place, Offer 95%

Of course that is an estimate based on the past six months of sales data. Don't just rush out and make your offer.  

Stop.  Breathe.  Look at the chart.

There are currently 12 homes for sale in the Lumberton, Texas neighborhood of Boykin Place.  In the past six months there have been 12 homes that sold.  The chart above shows you the current asking price or sold price, the number of days on the market, and the price per square foot.  Looking at the green, you are looking at the current active listings.  At the bottom in green are the averages. 

• Average asking price $284,155
• Average number of days on the market 168
• Average asking price per square foot of living space $99

Look at the orange.  These numbers are the sales since July 2009. 

• Average sold price $240,650
• Average number of days on the market 93
• Average sold price per square foot of living space $95

What else is important?

• Months supply of inventory is six months indicating a very balanced market which is not tipped in favor of buyers or sellers.
• Homes priced under $200,000 averaged less than 60 days on the market.
• The highest list price is $495,000.
• The highest sales price since July is $299,000.

It just goes to show that even within a neighborhood there can be super hot segments that sell quickly and other segments that don't.  To know how to price your home in a competitive position to get the best price obtainable you need to know this information.  You can only get it from a real estate professional who is a member of the MLS. 

So before buying or selling a home in Southeast Texas do yourself a favor and contact me.  As your REALTOR, my job is to protect your interests, to provide service that you'll recommend to your friends and to get you the best price and terms possible in your real estate transaction. 

*Data on home sales from the Beaumont MLS. 

 

Comments

[Christian Louboutin Outlet]

Wanted to see it from the first trailer, the second red band “hit girl” trailer made me anxious to see it and now this third trailer has made me need to see it.
Very cute! I LOVE the color, too.