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.

Southeast Texas Home Sales, January through April 2017
Southeast Texas Home Buying and Selling Tips from Diane McNelis, a Top Local Realtor

Guess How Many Homes Over $500,000 Sold in Southeast Texas in the Past Twelve Months

Sales over 500k

The Southeast Texas Residential Real Estate Market is entering the busiest time of the year for home sales.  More homes sell between May-July than any other three month period.  

The median priced home in Southeast Texas is approximately $140,000.  Of the 3011 Single Family Homes that sold in Southeast Texas during the past 12 months (May 4, 2017- May 4, 2016), 35 of them were priced at or over $500,000.  

The luxury housing market in Beaumont makes up a small portion of the market.  Overall only about 10% of all home sales in Southeast Texas fall into the Luxury price points.  Sometimes its fun to see what homes have sold in the upper prices.  

This chart shows:

  1.   There were 35 homes that sold, closed priced at or over $500,000 in the past 12 months.
  2.   These luxury homes averaged 130 days on the market. 
  3.   Sellers received 94% of their asking price on average.
  4.   Over half the luxury home sales in Southeast Texas occurred in Beaumont.
  5.   26 of the 35 used conventional financing, while 6 paid cash.

If you are interested in more information about the Southeast Texas Housing Market contact me.   I help clients sell and buy homes in all price ranges.  

Sincerely,

Diane

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.)