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.

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March 2016
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May 2016

April 2016

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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Beaumont, Texas Home Sales Average 111 Days

It has been difficult to keep up with regular blog posts this past few weeks.   The Southeast Texas housing market is very active. With a shortage of homes for sale, it is a great time to be a seller.  If you have even been thinking about selling your home do yourself a favor, call me and let me tell you what it is worth in the current market.  You might be pleasantly surprised.  

Here's a quick look at Beaumont home sales data since the start of the year.

Beaumont Stats

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