An inside look at the residential real estate market in Southeast Texas including: the hottest neighborhoods, proven home selling strategies, home buying and negotiating tactics, median prices by neighborhood, average days homes are on the market, and professional advice on how to get the best deal when buying or selling a home.

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December 2010
Next month:
February 2011

January 2011

Southeast Texas Neighborhoods with the Most Home Sales in 2010

2010 most sales 

It won't go down in the record books as a great year for home sales in Southeast Texas but in case you are wondering which neighborhoods, towns and communities did have the highest number of home sales the chart above shows you the best of the best. 

Five things to think about:

  1. Each area averaged over 100 days for homes to be on the market.  (Note to self, if you are planning to sell, you'll probably want to plan on at least a four month marketing time.)
  2. Most buyers used FHA financing (640), 2nd place Conventional (625), third place Cash (506).
  3. 1,962 is the total number of residential home sales in Southeast Texas for 2010.
  4. Less than 2% were homes priced above $500,000.
  5. Of the 1,962 single family homes that sold:  38 wer mobil homes,  3 were modular homes and  9 were patio homes. 

Now for the answer to the question, "Did more homes sell in 2009 or 2010?"  More homes sold in 2009.  As mentioned earlier 2010 won't go down in the record books as a great year for home sales in Southeast Texas but in case you are wondering, 2011 looks like it might be. 

Call me if you would like more information about the Southeast Texas residential housing market. 

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Buying a Home in Beaumont, Texas, a Little Homework Helps

Visit houselogic.com for more articles like this.

Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

Here in the Southeast Texas residential housing market you will find your money goes farther than in most areas.  With an median home price still under $150,000 most buyers are pleasantly surprised with the homes they have to choose from. 

Keep in mind, you won't find every feature you want in your home.  The article makes a good point, in that you should pick your top five "must haves" and your top five "would like to have" features in a home.  That will help you focus and it will also help your REALTOR know what homes to show you.  Another good point the article makes is that you should speak to a lender and get pre-approved before seriously looking at homes.  Here's why:  you need to know how much you can afford and it wastes your time to look at homes in the wrong price range.

First time home buyers, even second or third time home buyers have a lot things to consider when buying a home.  If you would like a free copy of a home buyers guide, call or email me.  I'd be glad to provide you with a home buyers guide to help you start your home buying process.

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Southeast Texas Home Sales December 2010

The news media said sales were up this holiday season.  While people may have been buying holiday presents, it doesn't seem like homes were high on the priority list this December.  A total of 152 residential listings sold in Southeast Texas. 

Take a look at the number of days homes spent on the market (DOM), the percent of the asking price buyers paid for the homes they bought, and the media sales price by area:

Dec_by_area 

Here's the pop quiz question for the week.  Do you think there were more home sales in Southeast Texas in 2009 or 2010.  Post your comment.  I'll post the answer Monday. 

If you need to find out more about the residential housing market here in Southeast Texas fill out a contact me form here on the blog.  I'll get back to you right away. 

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Its Time To File Your Homestead Exemption in Jefferson County

Beat the clock

If you bought a home in 2010, listen up.  Its time to file your homestead exemption. 

What's a homestead exemption?

A homestead exemption removes part of the value of your residence from taxation and lowers your property taxes.  Now, that's something you don't want to miss out on. 

How do I qualify for a homestead exemption?

You qualify if you owned your home as of January 1, 2011 and use your home for your prinicipal residence.

How do I get the homestead exemption?

You file an application for the residential homestead exemption with your appraisal district.  Once you receive the exemption you do not need to reapply unless the cheif appraiser sends you a new application. 

Where do I get the application?

You can print a copy of the exemption form from your appraisal district's website or you can click here for the Jefferson County Application for Residential Exemption. 

What if I live in Orange County or Hardin County?

Don't worry.  You can print the exemption forms from The Hardin County Appraisal District Website and from The Orange County Appraisal District Website

The deadline to file is April 30, 2011. 

If you didn't buy a home in 2010, listen up.  There will be no better time to buy a home this year than the first quarter of 2011.  Prices are still low, there is plenty of inventory which means motivated sellers and interest rates are about to start going up so don't delay or you might be kicking yourself this summer. 

Contact me when you are ready to start your home search. 

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Email Diane