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.

Market Statistics

Home Sales in Southeast Texas, 3 Year Graph

This is a graph you can find on the Housing Activity Page of the Real Estate Center at Texas A&M's website.

T A&M chart

This chart is for the Beaumont - Port Arthur area.  If you haven't looked the the Real Estate Center website before you should take a look.  They track home sales activity around the state of Texas.  Its always good to know what trends are taking place before you buy or sell a home.  Its also a good idea to work with a local professional Realtor who stays on top of the changes in the residential real estate market. 

If you are thinking about buying or selling a home in Southeast Texas- email me.  Its easy.  The link is right below this post.

Sincerely,

Diane 

Search MLS for Homes
Email Diane

Median Home Sales Prices in Beaumont's WestEnd and Lumberton

Median price beaumont lumberton

  • 121 homes have sold in Lumberton since Jan. 1, 2017
  • The median sales price was $199,900
  • Homes averaged 87 days on the market
  • 178 homes have sold in Beaumont's WestEnd neighborhoods.  (W2 and W4 for the agents out there.) 
  • The median sales price was $194,250
  • Homes averaged 94 days on the market

What I find interesting is the median list price is much higher in both areas than the median sold price.  It shows that we are having a lot more buying activity in the lower end price range than we are in the upper price ranges.  Its not necessarily something to worry about as most families with children relocate in the summer.  If we follow normal patterns we will see the median sales prices rise during the summer months.

Curious about the SE Texas residential real estate market?  Email me, call or text.  The email link is new on the blog and a super easy way to reach me.  I'm happy to help with all your SE Texas real estate questions.

Sincerely,

Diane

Search MLS for Homes
Email Diane

Orangefield, Lumberton, Beach, Westend Beaumont, Port Neches Homes Selling for the Most Money

Highest Avg Sales Price

Yesterday I looked at neighborhoods/areas in Southeast Texas where homes were selling the fastest.  Today, here's where they are selling for the most (highest average sales price). 

  • Data is from the SETX MLS. 
  • For an area to qualify there had to be at least five sales during the months of April and May.  
  • Both Beaumont Westend 4 and Port Neches 6 are smaller geographic sections in those towns.  

If you are curious to know what homes are selling for in your neighborhood contact me.  There's a new "Email Diane" link right below this post.  I'm happy to help with any Southeast Texas real estate questions.

Sincerely,

Diane

Search MLS for Homes
Email Diane

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

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

 

Search MLS for Homes
Email Diane

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

Search MLS for Homes
Email Diane

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

Search MLS for Homes
Email Diane

Beaumont, Texas Housing Report for February. Presented by a Top Realtor, Diane McNelis

Beaumont Report Feb

If you have a home you are thinking about selling and it will fall in the $100,000-$199,990 price range then this is the time to sell your home.  The Beaumont, Texas housing market has a shortage of homes that are for sale.  

Just this week, my office listed a cute 3/2 in a nice W Beaumont neighborhood and in the first week it was on the market it had 11 (yes, eleven) offers.  

There is a pent up demand from buyers who are looking to buy in the $100,000-$150,000 price range.  

Your home is probably worth more today that it has been for the past several years.  If you would like to know what your home would sell for in the current market, contact me for an appointment.   I'll provide a professional home valuation at no cost to you.  

*Data is provided by the Southeast Texas Board of Realtors MLS

Search MLS for Homes
Email Diane

Beaumont Housing Report for January Just Released by Beaumont Board of Realtors

Median home prices are up.  Inventory (the number of homes for sale) is down.  This is a sellers market and a great time to sell a home.  

Housing Report Jan

Curious what your home is worth in this market?  Get a professional opinion of your home's market value from a top local agent.  Contact me for a professional market analysis.  No obligation or cost.  I'll be glad to give you an estimate of what your home will sell for in this sellers market.

"Happier in a New Home?  Call me".

Sincerely,

Diane

Search MLS for Homes
Email Diane

A look at Bridge City, Little Cypress, Orangefield Homes Sales for the last Six Months

2017-02-02_10-27-48

This is a snapshot of the past six months of home sale in Orange for homes priced from $150,000-$250,000.  It is the most active of all the price ranges in Southeast Texas.  

Not on the chart

  • Mauriceville had 5 sales.  Median price $176,600.  Averaging 65 days on the market.  This was the quickest selling time for all areas in the Orange County market.
  • Orange had 13 sales.  Median price $169,900.  Average days on market 131.  Orange has the most affordable median price for all areas in the Orange County market.

Price Range

  • The chart just shows one price range.  $150,000-$250,000.  

If you are interested in learning more about home sales in any neighborhood in Southeast Texas contact me.  When we work together I become your advocate.  My job is to represent your interests and get you the best real estate deal possible.  

Sincerely,

Diane

 

Search MLS for Homes
Email Diane