It is safe to say home prices in all parts of Orange County, Texas are still being affected by Hurricane Harvey. More than half of the homes that closed in the month of February were sold for less than $100,000.
What this image doesn't show is the number of flooded and gutted homes that sold vs the number of move in ready homes that sold. Here's some other Orange County Homes Sales Stats:
- Home prices are down 21% from last February
- The number of homes that closed this February is also down 21% from last February
- The number of homes for sale is also down 21%.
For buyers its a hard time to find a "move in ready" home in Orangefield, Vidor, Little Cypress and Mauriceville. Seven months since Hurricane Harvey flooded close to 80% of the homes people are still rebuilding. That limits the availability of homes for sale. We are just now seeing the first remodeled and repaired homes hitting the market.
If you are planing to buy or sell a home in any Orange County neighbor, I'm happy to help.