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 Buying and Selling Tips from Diane McNelis, a Top Local Realtor

Home Buyers Guide TAR

One of my favorite sayings when people talk about trying to sell their home on their own is "You could do surgery on yourself too but its probably not a good idea."  As a professional Realtor in Southeast Texas with over a decade of experience, I've helped buyers and sellers in hundreds of residential real estate transactions.  When you sell a home yourself without a Realtor you are gambling with one of your biggest assets.  

Here's a Free Guide For Home Buyer and Sellers from the Texas Association of Realtors.  Take a look.  Then call me when you are ready to buy or sell your next home in Southeast Texas.  

Sincerely,

Diane

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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

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Southeast Texas Home Sales, January through April 2017

It is a strange real estate market we have in Southeast Texas this year.  This is my tenth year selling homes in Southeast Texas, as a top agent and consistent multi-million dollar producer, I can honestly say this market is like no other that I've seen.  

To say we have a shortage of inventory in the lower price ranges is an under statement.  The move in ready homes are getting multiple offers as soon as they hit the market.  

Here's a look at where they are selling

Jan_april sales 100_200k

Data on this graphic comes from the Southeast Texas MLS.  Since January 1 there have been a total of 386 home closings in  the $100,000-$200,000 price range.  

The average days on market (dom) for these homes is 94.

If you are looking for more information about the Southeast Texas Residential Housing Market contact me here on the blog or by phone.  I'm happy to answer any questions you might have about buying or selling a home in Southeast Texas.

Sincerely,

Diane

 

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Beaumont Homes Sales, Down, Down and Down for March 2017

Housing Report March

It is a weird housing market in Beaumont right now.  Its the start of Spring and we are entering the season that is usually the busiest for home sales throughout the whole year but for the month of March:  Home prices are down.  Home sales are down. The number of homes for sale is down.  

So what is going on in the Southeast Texas Housing Market?   Even the Beaumont Enterprise Article talks about the current Sellers Market and how hard it is to find a home in popular areas of Beaumont, Lumberton and Nederland.

There is a catch to all this home buying frenzy.  Its the entry level homes.  Homes priced under $200,000 that you just can't find.  There's a real shortage.  In the upper price ranges its a different story.  That is why this market presents a great opportunity for those "move up buyers".   

If you are looking to buy or sell a home in Southeast Texas, this is a tricky market.  Its more important than ever to work with a local professional Realtor.  Contact me by blog or phone for accurate, up to date, local home values.

Sincerely,

Diane

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Southeast Texas Luxury Homes. Another "Wow" House Just Listed For Sale.

While the housing market in the under $200,000 price range has a severe shortage of homes for sale, that's not the case in the Southeast Texas Luxury Home market.  Here's another contestant for HGTV showcase homes.  

7760 S Lakeside

This one is located in The Crescent on Walden.  Here's the REALTOR.COM Link for all the details and photos on this jaw dropping home.  Barbara Bennett with ReMax is the listing agent.  But remember I can show you any home that is for sale in Southeast Texas. 

If you are thinking this might be a good time to sell your current home and move up to a bigger home you would be absolutely right.  Let me show you how much your home is worth in this sellers market.  No obligation to sell.  No cost for the market analysis.  Just call me for an appointment. 

Sincerely,

Diane

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Southeast Texas Homes For Sale That Could Be Featured on HGTV

Every now and then a home gets listed in the MLS that just makes my jaw drop.  I see a lot of homes, so it doesn't happen that often but 11175 Brooks Rd, Beaumont got listed this week.  Wow!  And Wow!

Brooks Rd Photo

This home isn't one of my listings.  Wish it was.  Albert Nolan with American Real Estate is the listing agent.  The good news is I can show it to you.  

Here's the REALTOR.com Link to view all the details and photos of this beautiful home.  

Don't worry if this one is a little out of your price range there are plenty of other beautiful homes in Southeast Texas in all price ranges.  I can show you any home you want to see.  

Sincerely,

Diane

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Beaumont Texas Housing Market Trends: Luxury vs Entry Level Home Sales

Calling all move up buyers this is the housing market you have been waiting for.  Homes in the entry level price points that are move in ready are flying off the shelves.  We are seeing homes go under contract in less than 30 days and often with multiple offers when the house is in move in ready condition.  

Housing Report Feb

Take a look at the chart that was published by the Southeast Texas Board of Realtors for the month of February.  If you look at the home sales, homes

under $299,999 made up 97% of the home sales for the month of February.  Wow.  That present an amazing opportunity for the move up buyer.  You can get top dollar in this housing market for your starter home and you have a large choice of homes over $300,000 to choose from.  

On the other hand if you are planning to sell your executive home or luxury home in Southeast Texas at this time you are going to want the advice of a top producing local professional Realtor more than ever.  

For more information on homes in any neighborhood in Southeast Texas contact me.   

Sincerely,

Diane

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Cartus Certified Agent in Southeast Texas, Helping Relocation Clients in Beaumont, Lumberton, Orange and All Parts of SETX

What is the difference between a Cartus Certified Agent and a non-certified agent?  

Cartus Certification

I've been a part of the Cartus Network of Certified Agents for quite a few years now.  As a home buyer or seller in Southeast Texas, how do you benefit from working with a Cartus Certified Agent?  

  1. High Service Standards
  2. Years of Experience
  3. Proven track record of success  

That's it in a nutshell.  Agents that are Certified with Cartus are the top agents in their offices.  We take more training and have to keep high levels of customer satisfaction to stay certified.  

You don't have to be relocating with your company to work with a Cartus certified agent in Southeast Texas.  I work with corporate and non-corporate clients.  If I can help you with your next home sale or purchase, please contact me direct.  

Sincerely,

Diane

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Wednesday April 12th, Join Us for Lunch, Coldwell Banker Southern Homes is Collecting Shoes for Buckner

Buckner Flier

Most days we are out listing and selling homes all across Southeast Texas but on April 12th join us for lunch as we collect shoes for Buckner.  

Find out more about Buckner Click Here

And if you want to talk to a top local real estate agent while you are having lunch there will be plenty of us available.  

More shoe information:

All sizes are needed.  Closed toe is best.  Crocs or similar shoe is a great choice.

Sincerely,

Diane

 

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