How do you know how much your home is worth? How do you know how long it will take to sell? These are two important pieces of information when it comes to selling a home in Southeast Texas or anywhere for that matter.
As the chart above shows, it took 114 days on average to sell a home in August. You can also see 13 homes sold in less than 30 days. Why do some sell so fast? The three primary factors that affect sales time are location, price and condition.
What will your home sell for? Well, the average sales price in the Southeast Texas MLS was $156,619. There were 12 sales under $29,999 and 1 sales above $500,000. The best way to determine the price of your home is with a professional valuation. A REALTOR, like myself- with access to the local market data is the best person to call when you need to determine the value of your home.
Other sources of value information that you can look at for guidance are your local appraisal district and internet valuation website such as Zillow. However, take care when using either of these. The value they place on your home could be off by a lot. Its fun to look at other sources of information but when you are ready to sell, contact a professional. Contact me. I offer professional home valuations at no cost to you and no obliagation. You can reach me on my cell at 409-504-9097.
Here's a quick look at how long it took to sell a home last month.
Red shows the number of homes. Blue shows how many days on the market. The total number of home sales for the month of August was 262.
On average it took 114 days to sell a home in Beaumont and Southeast Texas. If you are thinking about selling your home its important to keep the length of time in mind. More data about August home sales in Southeast Texas to follow later this week.
The upper niche in the Southeast Texas housing market may be small but there are some luxury neighborhoods in Beaumont that have been selling this summer. Since June there have been eight homes that have sold and closed above $500,000. Half of those sales happened in the same neighborhood.
This chart shows where the luxury sales are happening-
If you had to guess which neighborhood -of the five shown above- had the most sales this summer what would you guess?
- Thomas Road had one sale. A 3 bedroom, 3 full bath, 2 half bath that had just under 6000 square feet of living area sold for $677,000.
- Montclaire Estate had one sale. A 4 bedroom, 3.5 bath that had just under 7000 square feet of living area sold for $710,000.
- Barrington Heights had one sale. A 5 bedroom, 3.5 bath that sold for $524,000.
- Brownstone had one sale too.
But the big winner in the luxury home sales market this summer was Westchase Villa. About half of all homes that sold in Beaumont over half a million dollars sold in Westchase Villa.
If you are looking for a home no matter what the price, I can help you find a great home. Contact me as soon as you are ready to find your next dream home.
If you have been wondering how homes have been selling this summer, then here's a chart for you. This chart shows home sales in Southeast Texas for the month of July. (Yes, July.)
The majority of homes that sold were priced from $100,000-$199,999. It took an average of 129 days to sell a home. Keep that in mind if you are planing to sell your home in Beaumont, Lumberton, Vidor or any other part of Southeast Texas. On average it is taking approximately 4-5 months from list date to closing date.
All this data can be used to help you determine an accurate value for any home in our area. If you are planing to sell your home or looking to buy a home, contact me for a professional value analysis. Of course if you want a no obligation expert valuation of your home call me for that to.
Coming soon - August Sales Data covering all of Southeast Texas.
There is a lot of information online about the value of homes. The National Assocation of Realtors has created some entertaining ads that promote the importance of having accurate data when you are selling a home or buying a home.
After all do you want some computer in California telling you the value of your home? No, you want a local value expert - like me -to help you determine the accurate value of your home. I have access the the real market data for our area.
If you are planing to buy or sell a home in any part of Southeast Texas call me for a no cost, no obigilation accurate value of your home.