A popular neighborhood located in Beaumont's west-end of town right off Major Drive is Fairfield. Its a newer neighborhood. There are just two streets with homes complete: Canyon and Grayson. Prices range from the 200's to 300's. Most homes average about $112.51 per square feet of living space.
Another interesting market detail is that sellers in Fairfield are averaging 98% of their asking price for the sales price of their homes. Its a mixture of new construction and resales that have sold so far in 2010. With five homes currently on the market, seven sales this year, and one pending the months supply of inventory is worth paying attention to. At the same sales pace there is a little less than 10 months supply on the market but with such a smaller number of homes in Fairfield one or two sales or new listings can really swing the supply of inventory.
Home prices have held fairly steady in Fairfield this year. As long as Trademark homes doesn't start building too many or discounting their prices for new construction expect the prices to remain consistent. If you are looking for distressed sales, REO's or short sales so far Fairfield has been immune from that trouble.
Want to know more about Fairfield homes or homes in any other Southeast Texas neighborhood? All you have to do is contact me. It pays to be informed.