Hi. I'm Diane McNelis, Award winning Texas Realtor(R) with Coldwell Banker Southern Homes. Selling and Buying homes in Southeast Texas can be complicated. I'm here to help. When we work together I become your advocate. My goal is to get you the best deal possible and to exceed your service expectations. On my blog, I share tips and strategies for selling and buying homes in Southeast Texas.

Neighborhoods & Communities

Westchase Neighborhood Real Estate Update

Westchase Update 2020

 

If you read the blog often then you know I keep a close eye on the Westchase Neighborhood in the West-end of Beaumont.  Today's post looks at home sales in Westchase this year from January - September 14, 2020.

New Construction in Westchase

Bill Little is building new construction homes in Westchase.  2620 Village is a recent closing that was one of his newly built homes.  It is also the highest cost per square foot closing this year.  This home sold for $634,887 or $147.24/SF.  

One Foreclosure

Not often found in Westchase, there was one foreclosure sold this year.  It was the lowest $/sf sale which you might expect.  It closed at $112.45/SF.  

12 Sales

To date in 2020 there have been twelve closings in the Westchase Neighborhood.  This is a popular neighborhood for buyers relocating to Beaumont with the oil and gas companies.   The average price of homes that sold this year is $330,491.  The most affordable was $247,500.  The most expensive $634,887.  

What Neighborhood Are You Interested In

If you would like to know the 2020 sales history of any neighborhood in Beaumont or Lumberton or any part of Southeast Texas, contact me here on the blog, text, email.  I respond as soon as I can.  If you are looking to buy or sell a home in Westchase - Let's talk.  Hope you enjoyed the post.  

Sincerely,

Diane


Lumberton Home Prices

One of the most popular communities in Southeast Texas continues to be Lumberton, Texas.  Residential home sales in Lumberton continue to have high demand from buyers.  The builders are taking note of the high demand with new residential construction in River Birch, Woosley Palms, Copper Point, and Westwood Heights.  

What will you pay to buy a newly built home in one of these popular Lumberton neighborhoods?  Take a look.

Lumberton Neighborhoods

 

Home builders in the desirable Lumberton neighborhoods of Copper Point, River Birch, and Westwood Heights have such high demand for these newly built homes that prices are rarely negotiated.  

The overall asking price to sales price ratio for homes in Lumberton is approximately 97%.  Sellers usually only have to negotiate about 3% off their asking price when the home is priced competitively.

In a competitive residential home sales market it is important to have the right market information and to be able to act fast.  For instance, a home in Boykin was recently listed.  It had approximately 16 showings in the first week it was on the market and multiple offers for the seller to choose from.  This is where an experienced Realtor can be invaluable.  

If you are looking to buy or sell a home in Gracelake, Stonegate, Boykin, Copper Point, or Woosley Palms, or any other neighborhood is Southeast Texas let me show all the tools I have to help you.  Make a good decision and put the power of Coldwell Banker Southern Homes to work for you. 

Sincerely,

Diane 


Wednesday April 12th, Join Us for Lunch, Coldwell Banker Southern Homes is Collecting Shoes for Buckner

Buckner Flier

Most days we are out listing and selling homes all across Southeast Texas but on April 12th join us for lunch as we collect shoes for Buckner.  

Find out more about Buckner Click Here

And if you want to talk to a top local real estate agent while you are having lunch there will be plenty of us available.  

More shoe information:

All sizes are needed.  Closed toe is best.  Crocs or similar shoe is a great choice.

Sincerely,

Diane

 


What's Been Selling in Vidor? 27 Homes Sales Since Jan. 1, 2016

The most expensive home to sell in Vidor so far in 2016 sold for $327,000.  The least expensive sold for $8,000.  

Here's a look at home sales broken down by price range:

Vidor Sales in 2016

Five other interesting facts about home sales in Vidor this year:

  1. The average price was $103,035
  2. The fewest number of days on the market was 38.  The average days to sell a home was 205 but that is high because of two sales that took more than a year to sell.
  3. The average cost per square foot of living space is $63.57 which is pulled down by 4 sales that sold for less than $25 per square foot.  (Also know as complete fixer uppers)
  4. There were also 4 homes that sold for over $90 per square foot.
  5. If you are looking for a great home in Vidor, check out my listing on 335-Slagle-Dr-Vidor-TX-77662-MLS-179660

 


Boykin Homes Sales_ Lumberton, Texas

  Boykin sales 2014

One popular neighbor in Lumberton Texas, Boykin Place has had eleven (11)  homes sell so far this year.  The high price sale was $308,000 on Sir Kevin.  The low price sale was $170,000 on Boardwalk.  On average it has taken homes in Boykin Place 71 days to sell.  The minimum time on the market was 25 days and the maximum 133. 

Homes average $98.98 per square foot of living space with a high of $114.29 and a low of $83.61. 

Want to know what your home would sell for in today's market place?  Contact Diane McNelis, with Coldwell Banker Southern Homes for a professional home valuation. 

 

 


Beaumont's West Neighborhoods: Where are the Most Home Sales?

So you've heard the real estate market is "not great" right now.  You've heard there is an excess supply of home inventory on the market.  You've heard all sort of negative news about the Southeast Texas housing market...

"Have you heard where the homes are selling?" 

Here's a look at the hottest selling neighborhoods in Beaumont's West-end since January 1, 2011. 

Sales by addition 

These are the additions as classified by their legal description.  Averill is over in the Oaks Historic area, including  Hazel, Ashley, Laurelstreets.  Barrington is Barrington Heights off Dowlen.  (If you live in Southeast Texas, you knew that one.)  Dawndale is W2 streets such as Moonmist and Stardust.  Gladys West is off Major, streets include Orchid, Bluebonnet, and Indian Blanket.  Tall Timber are the "wood streets" such as Ebonwood and Galewood. 

Three things worth noting about the "best selling neighborhoods in Beaumont"

  1. Newer neighborhoods - Barrington and Westchase have the highest sales prices.
  2. Of the established, older neighborhoods the Calder neighborhoods are out-selling the others.
  3. Tall Timbers has the closest range of sales prices with less than $1,000 separating all three home sales this year.

There's a lot more you can learn about the best selling neighborhoods in Beaumont.  If you are interested in buying or selling a home here in Beaumont or any part of Southeast Texas, professional advice is one call away. Call me and let me help you make your next real estate decision your best one yet. 


Beaumont and Mid-County Residential Home Sales Data for Jan. 2011

Old man winter sure knows how to put a damper on home sales.  Not that January is know as a hot month for residential sales activity here in Southeast Texas, but this winter has started off on icy ground.  Here's what the data looks like:

Jan_data 

What jumps out at you?  Take a look at days on the market.  Beaumont home sellers are now averaging over five months of marketing time prior to a home sale.  In Mid-County home sellers are averaging over six months prior to sale. 

The market is heavily weighed on the entry level properties.  33% of home sales were under $100,000 in Beaumont's housing market and 51% were under a $100,000 in Mid-County. 

The upper end of the housing market in Southeast Texas is still lagging the normal pace.  Just 14% of the home sales recorded in the Beaumont MLS were homes priced at $250,000 and above.  In Mid-County it was 7%.

So after reading this you may deem me a pessimist.  That would be wrong.  I'm a optimist.  When a market slows this much it is getting ready for a rebound.  Spring time is just around the corner. 


Southeast Texas Neighborhoods with the Most Home Sales in 2010

2010 most sales 

It won't go down in the record books as a great year for home sales in Southeast Texas but in case you are wondering which neighborhoods, towns and communities did have the highest number of home sales the chart above shows you the best of the best. 

Five things to think about:

  1. Each area averaged over 100 days for homes to be on the market.  (Note to self, if you are planning to sell, you'll probably want to plan on at least a four month marketing time.)
  2. Most buyers used FHA financing (640), 2nd place Conventional (625), third place Cash (506).
  3. 1,962 is the total number of residential home sales in Southeast Texas for 2010.
  4. Less than 2% were homes priced above $500,000.
  5. Of the 1,962 single family homes that sold:  38 wer mobil homes,  3 were modular homes and  9 were patio homes. 

Now for the answer to the question, "Did more homes sell in 2009 or 2010?"  More homes sold in 2009.  As mentioned earlier 2010 won't go down in the record books as a great year for home sales in Southeast Texas but in case you are wondering, 2011 looks like it might be. 

Call me if you would like more information about the Southeast Texas residential housing market. 


Southeast Texas Residential Real Estate Report for Fairfield

Fairfield 

A popular neighborhood located in Beaumont's west-end of town right off Major Drive is Fairfield.  Its a newer neighborhood. There are just two streets with homes complete: Canyon and Grayson.  Prices range from the 200's to 300's.  Most homes average about $112.51 per square feet of living space. 

Another interesting market detail is that sellers in Fairfield are averaging 98% of their asking price for the sales price of their homes.  Its a mixture of new construction and resales that have sold so far in 2010.  With five homes currently on the market, seven sales this year, and one pending the months supply of inventory is worth paying attention to.  At the same sales pace there is a little less than 10 months supply on the market but with such a smaller number of homes in Fairfield one or two sales or new listings can really swing the supply of inventory. 

Home prices have held fairly steady in Fairfield this year.  As long as Trademark homes doesn't start building too many or discounting their prices for new construction expect the prices to remain consistent.  If you are looking for distressed sales, REO's or short sales so far Fairfield has been immune from that trouble. 

Want to know more about Fairfield homes or homes in any other Southeast Texas neighborhood?  All you have to do is contact me.  It pays to be informed.