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

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

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.

 

 

 

Search MLS for Homes
Email Diane

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

Search MLS for Homes
Email Diane

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. 

Search MLS for Homes
Email Diane

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.  

Search MLS for Homes
Email Diane