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

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

 

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Beaumont Home Sales Up 22% August 2016

 

 

 

August Beaumont Housing Report

The Beaumont Housing Report is published by the Beaumont Board of REALTORS.  The data used in this local market housing report comes from the Texas REALTOR Data Relevance Project, a partnership among local REALTOR associations and their MLS's, the Real Estate Center at Texas A&M and the Texas Association of REALTORS.

People always ask me "Is this a good time to sell a home?"  Here's my answer:

It is a good time to sell because...

  • there is so little competition on the market.  3.5 months of inventory is very low. 
  • the number of active listings is down 38% from August 2015.
  • homes are averaging 76 days on the market.  24 days less than August 2015.

If you are thinking of selling your home, let me provide you with a professional market analysis.  You might be pleasantly surprised to find out what your home will sell for in today's market.  Send me an email, call or text me your address and I'll get started on it right away.

 

 

 

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Beaumont Home Prices are down 6% for July 2016

July stats 1

July stats 2

The Southeast Texas real estate market has had a sizzling hot summer.  It was not uncommon to see homes go under contract in the first two weeks they were on the market.  In certain areas bidding competition from buyers for the same house was happening frequently.

It has been so busy this summer that I've had no extra time to keep up with the my blog or my FB Business page.  Now that schools are starting we will see the typical real estate market slow down which means I'll have more time to post.  

If you would like any information about the Southeast Texas housing market you can contact me on my blog (click the contact button) or on my FB Business Page.

Best regards,

Diane

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Beaumont, Texas Home Sales: Inventory Down, Prices Up 14% in June

If you noticed that I haven't added much content to my blog lately, it is because the real estate market is busy.  I'm very busy.  Just keeping up with the listings and sales isn't leaving much time to post new content on my blog.

Here's a chart that shows you home sales info for the month of June.

June Stats 1

June stats 2

People ask me all the time, "How's the real estate market"?  My answer right now is "It is a great time to sell a home in Southeast Texas"!  It is a little harder being on the buy side of the transaction right now because of the shortage of homes for sale.  

It is more important than ever to work with a local professional REALTOR who understands the opportunities in this market. Contact me if you would like to know more about selling or buying a home in Southeast Texas. 

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Southeast Texas Home Sales May 2016

May Sales

Five things to know about home sales for the month of May in China, Beach area, Lumberton, Fannett and Bridge City.  

  1. Fannett and Lumberton homes are selling on average in less than 4 months from the time they are listed in the MLS until they close.
  2. China and Beach area homes are taking approximately 6 months to sell and close.
  3. China, Fannett and Beach area homes had median home sales prices above $250,000.  That's much higher than the whole SETX housing market which has a median home sale price of $145,000 for the month of May.
  4. Of these five Southeast Texas areas, Lumberton had the most sales.
  5. Of these five, Bridge City had the lowest median sales price.

Data like this can help you know what to offer for a home or how much your home is worth.  As a local professional REALTOR and member of the Southeast Texas MLS, I can find data for your neighborhood to help you make the best decisions.

When you are ready to sell your Southeast Texas home, contact me for a no obligation, no cost professional home evaluation.  Find out your home's true value.  Don't believe the online "estimates" they can be thousands of dollars wrong.  

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Beaumont, Texas Housing Report: Where did all the Houses go?

BMT Marrch report

Home prices are up.  The most activity is occurring in the under $200,000 price range.  The move-in ready homes are selling the first week they are on the market.  

If you have been thinking about selling a home in Southeast Texas this is the best time in years.  

BMT March report 2

Just incase you needed more proof that this is a great time to sell:

Months supply of inventory (the number of homes for sale divided by the number of sales in the last month) is at an all time low.  There are more buyers than there are homes in many neighborhoods.

Number of active listings is down 50% from this time last year.  

In this market your home might be worth more than you think.  If you are curious about the value of your home contact me for a professional, no obligation, no cost home price evaluation.  

 

 

 

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Southeast Texas Homes are Selling Fast this Year

If you have ever thought about selling a home in Southeast Texas, this year may be the best time ever.  The Southeast Texas real estate market is ever changing and right now it has changed to a sellers market.  The move in ready homes (priced right and staged right properties under $250,000) are often selling the first week they are on the market.  

For a local agent like myself who has worked in the Southeast Texas market during the highs of the 2006 and the lows of 2008-2011, this is a great time for sellers.  

Take a look at home sales by area:

By Area Sales April

-Total number is the total number of closed sales in the area so far this year. 

-Days on market is from the first day the home is listed in the MLS until the day it closes.  So 90 days on the market often means the home was really available less than 45 days since it normally takes approximately 45 days from contract to closing on a home.  

If you are thinking about selling your home and want a professional marketing plan to help you take advantage of this sellers market to get top dollar for your home, contact me for a free home price analysis.  You might be surprised at how much your home is worth.  

Diane McNelis, REALTOR with Coldwell Banker Southern Homes

409-504-9097 call or text me direct

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Beaumont Housing Report March 2016

BMT March

BMT March 2

What does this chart tell you?  It's a great time to sell a home in Beaumont, Texas!  Prices are up.  Inventory of homes for sale is down.  Gone are the days of the buyer's market- at least for now.  Because if there is one thing to know about real estate, the market is always changing.  That's why you want to work with a local, professional REALTOR who can guide and advise you through the process.  

Thinking about selling or buying a house in Southeast Texas, contact me today.  When we work together, I become your advocate.  I will work hard to get you the best deal possible and make the process free from stress and as easy as possible. 

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The Southeast Texas Residential Real Estate Market: January Home Sales

With the first month of the year done, let's see how the year started off for home sales in Southeast Texas.  Take a look at this new monthly market snapshot from the Beaumont Board of REALTORS. 

Jan Housing Report 1

Jan Housing Report 2

If you are thinking about selling your home it's important to know what the market in your neighborhood is doing.  Don't guess about the true value of your home.  Contact me for a free, professional market analysis.  

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