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.

Previous month:
February 2011
Next month:
April 2011

March 2011

Beaumont's West Neighborhoods: Where are the Most Home Sales?

So you've heard the real estate market is "not great" right now.  You've heard there is an excess supply of home inventory on the market.  You've heard all sort of negative news about the Southeast Texas housing market...

"Have you heard where the homes are selling?" 

Here's a look at the hottest selling neighborhoods in Beaumont's West-end since January 1, 2011. 

Sales by addition 

These are the additions as classified by their legal description.  Averill is over in the Oaks Historic area, including  Hazel, Ashley, Laurelstreets.  Barrington is Barrington Heights off Dowlen.  (If you live in Southeast Texas, you knew that one.)  Dawndale is W2 streets such as Moonmist and Stardust.  Gladys West is off Major, streets include Orchid, Bluebonnet, and Indian Blanket.  Tall Timber are the "wood streets" such as Ebonwood and Galewood. 

Three things worth noting about the "best selling neighborhoods in Beaumont"

  1. Newer neighborhoods - Barrington and Westchase have the highest sales prices.
  2. Of the established, older neighborhoods the Calder neighborhoods are out-selling the others.
  3. Tall Timbers has the closest range of sales prices with less than $1,000 separating all three home sales this year.

There's a lot more you can learn about the best selling neighborhoods in Beaumont.  If you are interested in buying or selling a home here in Beaumont or any part of Southeast Texas, professional advice is one call away. Call me and let me help you make your next real estate decision your best one yet. 

Search MLS for Homes
Email Diane

Southeast Texas Home Sales: Where Do We Go From Here?

Visit msnbc.com for breaking news, world news, and news about the economy

No news is good news.  Well, here's some news that's not so good.  As a Real Estate Professional sometimes it's hard to know what to tell a seller who's home seems to be priced great but it still won't sell.  Right now the market doesn't want to "recover" but for all you would be home buyers out there, your going to kick yourself when prices go up and the chance of a lifetime has passed you by.

Want to talk about why this is the best time to buy a home in Southeast Texas?  Contact me.

 

Search MLS for Homes
Email Diane

Beaumont's Most Expensive Home Sales

Dollar bill house

Since January 1, 2011 the high end housing market has been anything but hot but there's something that might surprise you about the high end homes that have sold this year.

First, a quiz question!

 How many homes have sold so far this year with a price tag of $500,000 or higher?  Here's your choices:

  • A) 10
  • B) 17
  • C)  4
  • D   1

If you answered "C" or the number 4 you are right.  Pat yourself on the back.  Its a tough market for sellers with high end properties.  There are currently 48 homes for sale in the Beaumont MLS with asking prices of $500,000 or higher.  Now, if you do a little math on that it means we have an excess supply of high end homes in Beaumont, Texas at the moment. 

Four things to know about Southeast Texas' most expensive homes that have sold in 2011.

  1. All four are located in Beaumont.  Three were in the W 2 and one was in W4.
  2. One was new construction, built by Bill Little and it sold for the asking price of $529,000.
  3. Two seller's accepted offers more than 10% off their asking price.
  4. Three of the homes sold in less than 115 days.  The market average is about 115 days.

Of course, there is more data I could share about Southeast Texas's most expensive home sales but I'll save it for another day.  Remember, no matter what your home buying budget is you will get the best deal when you work with a professional who knows the local Southeast Texas residential housing market.  That's where I can help. Call me when you are ready to start you home search. 

 

Search MLS for Homes
Email Diane

4 Model Home Tricks to Help You Sell Your Southeast Texas Home

Magic trick

If you have ever talked through a model home then you know they are designed to lure in buyer's with their appeal.  Builders hire interior designers and spend thousands of dollars making sure their model homes give off the best possible vibe. 

Did you know as a home seller in Southeast Texas you can use a few simple tricks of the professionals to help your home sell?

Here's four tips/tricks that will help you sell your home faster and for a better price:

  1. The First Impression!  Research shows that a buyer has formed a lasting impression of your home within the first 15 seconds.  Here's what to do.  Put effort into the first room the buyer sees when they walk in the door.  Grab them right away and create a favorable impression.
  2. Create a neutral environment!  The best way to make a buyer "feel at home" is to pay attention to the colors the buyer will see, the smells they will smell, and the sounds they will hear.  If any of these are distracting (ie: outdated or bold colors, odors, loud TV's or radios) they will distract the buyer from your home.
  3. De-clutter to Create Space!   Over the years homeowners collect an amazing amount of stuff.  You might not even notice how full your home seems to a prospective buyer.  Take this tip, de-clutter.  We have a saying in real estate "clutter eats equity".  If you home seems crowded it makes the rooms seem small.  When you are trying to sell, its time to box stuff up and put it away.  You might even want to move some furniture to storage. 
  4. Small Details Have Impact!  A house that shows poorly as a result of an overgrown lawn, peeling paint, or simply dirt and dust may create an overall feeling that the house has not been well cared for.  Buyers will start looking for other potential problems if they notice many small details that have been neglected.  Before marketing your home for sale take a good close look at how you can touch up, clean up the simple things. 

Southeast Texas home sellers are facing a lot of competition right now.  We have more homes for sale than we currently have buyers to buy them.  You have to assume the same buyer that looks at your home will have at least five or more comparable homes to look at also.  In order to sell your home at the best price in the faster time it has to stand out. 

If you need more professional guidance on how to sell your Southeast Texas home, contact me for a free home enhancement guide.  I'll work to help you get the best price in a time frame that works for your needs.  Call me today and let's get started.

Photo Credit:  "Magic Trick", Troy Holden

 

Search MLS for Homes
Email Diane

February Home Sales Data: Southeast Texas

Want to know which neighborhoods had the highest number of home sales for February?  What the median home prices are in the best selling areas and the average days homes were on the market?

Well, you are in luck.  Check out the chart.

Areas_Feb11 

February is not historically one of the best months for home sales.  2011 sticks to that norm.  Only 87 lucky home owners managed to sell their single family home during the month of February here in the Golden Triangle.  *Data from the Beaumont MLS.

The top five things to know about February home sales in Southeast Texas:

  1. The top selling area was Beaumont's W2 neighorhood with 12 home sales recorded.
  2. Beaumont's W4 area with neighborhoods such as: Barrington Heights, Fairfield and West Chase had the highest median sales price of $289,000.
  3. The most affordable westend neighborhood in Beaumont is still W3 - the area roughly between Phelan and College. 
  4. All of the top selling areas in Southeast Texas had an average days on the market of over 100.  Translation = Its taking home sellers about four months on average to sell.
  5. Its still a buyers market in Beaumont, Lumberton, Vidor and all of Southeast Texas.  The inventory of available homes is close to an 11 month supply.

The last thing to know about the housing market in Southeast Texas is that it is still an incredible time to buy a home.  Disclaimer:  "Yes, I sell houses for my profession.  Honestly, I've never seen a better time to buy a home.  No, it won't be this way forever."  If you are ready to act now, call me today and we'll find you a great home at a great price.

Search MLS for Homes
Email Diane