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.

Jefferson, Hardin, and Orange County Foreclosure Home Sales Account for about 10% of the Market Activity
Signs of Improvement for the Housing Market

New Construction Inventory Homes In Southeast Texas, No Excess Here!

Slow construction

With a little less than 5% of the homes for sale in Southeast Texas being new complete construction, you can applaud the home builders for not over-building in a slow housing market.

In fact, there are just 73 single family homes listed in the Beaumont MLS as new complete construction.  There is a category called new incomplete construction.  Those are homes started by builders but not yet finished.  I'm not talking about those homes here.  Today's focus is on the new residential construction that is complete and waiting for a buyer. 

Here's three things to think about:

  1. The area with the most complete new homes is Port Arthur with about 20% of the total number.
  2. The average number of days these homes have been on the market is 264 with a high of 586 in Nederland and a low of 25 in Beaumont's W6 area.
  3. The average price of a new complete construction home in Southeast Texas is $217,417.

Take a look!

Construction inventory 

If you want to know more about new construction in Southeast Texas, contact me.  There's so much more information I provide my clients to help them make the best purchase.  I can help you too. 

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Email Diane

Comments

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East Texas Home Builder

This is very interesting post... :D
Thank you for the information you've share to us.

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