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 2015
Next month:
February 2016

January 2016

Featured Listing of the Week: Only $57,900 in Lumberton

Here's a chance that doesn't come along very often.  I just listed a 3 bedroom, 2 bath home in Lumberton in the desirable Keith Road area.  It is on approximately 1/2 acre.  

Interested?  Want to see pictures?  Click here for a Sneak Peak  

 

7636 Pepper Lane

The link will take you to Coldwell Banker's awesome website.   When you list your home with me it is one of the many tools I will use to help you sell your home for the best possible price in a time frame that works for you.

Interested in selling your home?  Call me.   Let the power of Coldwell Banker and my marketing expertise help you get your home SOLD.  

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Southeast Texas Home Sales: December 2015

How many homes sold in December?  

  • 258 
  • 257 sold in October
  • 157 sold in November

How many days on the market did homes average from listing to closing?

  • 119
  • 109 in October
  • 111 in November

How many months supply of homes are available for purchase?

  • 5.2
  • 6.0 in October
  • 5.7 in November

 

What does all this mean if you are planning to buy or sell a home in Southeast Texas?

  • As a seller you should plan on giving yourself three to four months of marketing time before you need to move.  
  • As a buyer the number of homes for sale have been decreasing steadily the past few months meaning the market is shifting a bit more toward a seller's market.

If you want to know more about home sales in Southeast Texas contact me.  You can contact me here on the blog, call or text my cell.  I'll be happy to answer any questions about home sales in Southeast Texas.  

 

 

 

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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.  

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Beaumont Homes Sales Dec. 2014 vs Dec. 2015

Beaumont Housing Dec 15

This chart compares homes sales from December 2014 to December 2015.  While it might seem like a bad sign that the median home price is down 16%, all the other indicators are very positive for a great 2016 for real estate sales in Beaumont and all of Southeast Texas.  

  • Inventory is down (Good news for sellers!)
  • Days on the market remains about 3 1/2 months. (Plan on that much time if you plan to sell your home.)
  • The total number of sales was up an amazing 53%!!

This is the time to start preparing your house, if you plan to sell this spring.  This is the time to meet with a Realtor and get a professional, objective opinion on what you need to do before you put your home on the market.  The are certain repairs that are required by FHA and VA loans.  

Contact me if you would like to know how much your home will sell for in the current Southeast Texas real estate market.  Its a free service I provide to all clients.  If you just have some real estate questions, I can help with that too.  

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How to Sell Your Southeast Texas Home: Boost Your Homes Curb Appeal

Some of you know me personally and some of you just know me through my real estate blog.   If you didn't know, I have a four year old son.  This concrete stepping stone project has his name written all over it.  

Visit houselogic.com for more articles like this.

Copyright 2016 NATIONAL ASSOCIATION OF REALTORS®

If you need help selling your home, just want to find out the value in today's market, or you just have a real estate question, contact me.  I can help.  

 

 

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How Much? How Fast? Southeast Texas Homes Sales in 2015

It is always good to know how much homes are selling for in an area and how fast they are selling.  Take a look at: Sour Lake, Beaumont, Bridge City, Fannett and Lumberton home sales for 2015.

2015 Sales by area

Want to know how much homes are selling for in your neighborhood?

As a REALTOR and member of the Southeast Texas MLS, I have access to the data that can help you make the best home buying and selling decisions.  When you are ready to sell your home contact me for a personalized marketing plan, professional home evaluation and a home enhancement guide.   You don't pay a real estate commission until your home is sold.  

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New On the Market: 6112 Hidden Meadow, Orange

Just listed "country dream house"

DSC05074

Better than new.  Totally remodeled.  Offers all the benefits of country living in a neighborhood of similar high quality homes.

  • $279,900
  • 2.7 acres
  • 30x40 covered patio
  • custom built fire pit
  • workshop
  • and so much more

For a slideshow of images and more information on this home click HERE

 

Ready to list your home?  Contact me for a professional home evaluation, custom marketing strategy and free home enhancement guide.  

 

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How SETX Homes were Bought in 2015

2016 Blog Charts

In 2015, 2980 single family homes were bought in Southeast Texas, according to the Southeast Texas MLS data.  

  • The most common type of financing used to buy a home was conventional loans.  34% of home buyers chose conventional loans last year.  The 
  • The least common type of financing was owner finance.  Only 42 homes sold with owner financing through the MLS.
  • Cash financing and FHA financing were a close 2nd and 3rd.
  • 29% of buyers used FHA financing.
  • 25% of buyers paid cash.  

If you are planning to buy or sell a home in 2016, let me put my years of experience and local market expertise to work for you.  

 

 

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Email Diane