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:
- The area with the most complete new homes is Port Arthur with about 20% of the total number.
- 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.
- The average price of a new complete construction home in Southeast Texas is $217,417.
Take a look!
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.