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

July Home Sales in Southeast Texas. Home Sales by Price Range.

July Sales by price range

July Sales by price range table

 

 

 

 

 

 

 

 

 

 

 

 

The busiest price ranges for the month of July were:

  • 38 Sales $200,000-$249,999 
  • 35 Sales    $120,000-$139,999

Other Interesting Statistics:

  • There were a total of 286 homes sold and closed in the month of July in Southeast Texas. 
  • 95 Days on the market was the average time it took for these homes to sell. 
  • $174,467 was the average sales price.

 

If you have any questions about the Southeast Texas Residential Real Estate Market ask me.

Sincerely,

Diane

 

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5 Things to Know about Home Sales in Little Cypress CISD

Sales Little Cypress

 

 

 

If you are thinking about buying or selling a home in the Little Cypress CISD, here's the top five things to know about home sales during the past three months. 

  1.  Home sellers of single family homes managed to get 97% of their asking price on average.  
  2.  76 days was the median number of days it took to a sell home.
  3. $169,351 was the average sales price of a home in Little Cypress this summer.
  4. 14 homes sold for less than $100,000 while 6 sold for over $250,000.
  5. The price per square foot ranged from $24.67 up to $124.29 with a median of $84.20

How do you know what the current market value of a home in Little Cypress is?  Call me.  As a local professional Realtor, I have access to all the sales.  Determining which home sales are the most similar to your home is critical in setting the right price.  

Sincerely,

Diane

 

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Beaumont Homes Sales, Median Price in June is $137,000

June is usually one of the busiest months for home sales in Southeast Texas.  June 2017 is no different.  According to the Southeast Texas MLS, 350 homes closed in the month of June.   This is the highest number of sales in a given month this year. 

June Beaumont Report

 

 

The photo above shows the percentage of homes that sold in each price range for the month.  By far the largest percentage of sales were in the $100,000-$199,999 price range.  

  • Approximately 75% of the homes sales in Beaumont, TX for the month of June were homes priced under $200,000.
  • In the entire Southeast Texas market covered by the Southeast Texas MLS only 10.8% of home sales were homes priced over $300,000.  (37 of 350 sales).

What we are seeing  in the market is a high demand in the under $200,000 priced homes and a shortage of homes.  It is the opposite in the upper price ranges.  There has been less demand in the higher priced homes over $300,000 and fewer buyers in this price point.  

The takeaway - while it is a sellers market in the lower price points, it is a buyers market in the higher prices.  

Its a tricky market and its important to work with a professional realtor who has access to the critical home sales data.  If you are looking to buy or sell a home in Southeast Texas, let me help.

Sincerely,

Diane

 

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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 

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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

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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

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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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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

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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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Email Diane