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.

Beaumont Homes Sales Dec. 2014 vs Dec. 2015
Southeast Texas Home Sales: December 2015

Calder Place: Beaumont, Texas Home Sales Activity

I'm working with a client who's getting ready to put their house on the market.  So how do I recommend a  price?

The first step in the process is to determine what the market value of their home is in the current market.  How do I do that?  Its not magic but its not totally scientific either.  You have to look at similar home sales.  In the real estate business similar home sales are called "comps" or comparable sales.  

This client lives in a popular historic neighborhood in Beaumont, Calder Terrace.   

This chart shows the average, high and low cost per square foot of the three homes that have sold in the past six months.  This is a starting point in determining the current market value. 

Calder Terrace Jan 2016 Snap

 *There was a cash sale for $1,400,000 that is not included in this data.  There have been three sales. Keep in mind Calder Terrace is a relatively small neighborhood so to have three sales in six months isn't a sign of trouble as it could be in a larger neighborhood.  With this information: the high sale, low sale and average sale we can start to determine what the right price for a home is.

That leads to step two, what is the home's condition?  That's a discussion for another day.  

If you are curious about home sales in your neighborhood, contact me.  You can reach me on the blog or my cell.  Call or text.  I'll be happy to give you a professional market analysis to help you know what your home is worth in the current market.  

Search MLS for Homes
Email Diane

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)