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

Home Prices Up, Sales Down, Lumberton Home Sales May 2020

Hardin Sales May

 

More home sales information coming your way

Today, let's look at Hardin County home sales data for the month of May.  There is good news in Lumberton, and all of Hardin County.  Home sales prices are way up to a median price of $219,725.  That's a jump of 31.2% since last May.  

"Seems like an anomaly doesn't it?" 

I don't think prices have gone up 31.2% in a year.  There is another factor to look at and that is the decrease in sales.  Sales are down 44.9% from last May.  

That's likely an anomaly also.  From what I can gather looking at the data sales are off the normal May sales pace.  Not to surprising given the last few months of Covid, Quarantine, Shut Downs, etc.  

What to make of all this- 

If you are looking to buy or sell in Lumberton it is important to know your specific neighborhood sales data.  Call it the micro data.  You will need an experienced Realtor with access to the MLS to help you with that.  I'm hear to help if you are ready to buy or sell a home in Lumberton or any part of Southeast Texas.

Sincerely,

Diane

 

 

 

 

 

 

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Beaumont Home Sales, May 2020, A Top Agent's Thoughts

May Stats

Top Agents always know what's happening in our local markets.  That's why I've been waiting for this report to be released by the Beaumont Board of Realtors.  It shows what I've been seeing and thinking.  

The market was slow in May. 

Take a look at points 1, 2 and 3 on the image above. 

  1. 92% of the home sales were priced below $300,000 (not to uncommon for our local real estate market)
  2. Sales were down 19.8% in May compared to last year (um wow, that's big)
  3. Days to sell were up 6 days (not to concerned about this number)

Should we really be surprised with everything that has happened in the past few months.  Covid. Social Distancing. Business Closures.  They all have an impact on home sales.  

Don't despair.  It is not all doom and gloom.  It's just an accurate look at what happened in the Beaumont housing market in May.  

If you are thinking of buying a home in Beaumont, Texas (not to be confused with Beaumont, CA) this is probably your best opportunity in months.  There is less competition among buyers for some really good houses.  

If you are thinking about selling a home it is still a good time to sell (with patience).  There is still a low level of inventory.  Strategic Pricing and Marketing is more important than ever. 

I'm still waiting on the typical summer home sales surge.  Maybe it will happen in June.   If you have any questions about real estate in Southeast Texas ask me.  

Sincerely,

Diane

 

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Buying or Selling in Westchase Village, Beaumont, Texas

Knowing the market is critical when you plan to buy or sell a home.  Top Real Estate Agents know the local market.  We have access to the latest and most accurate data.  Zillow doesn't. 

Today I'm sharing market data from Westchase Village in Beaumont.  I'm not sharing it all.  That would be silly.  Then why would you need to call me?  This is what I call the fast stats.  

Eleven sales since August 2019. 

2020-02-27_13-44-06

 

You might wonder how this information -minimums, maximums, averages -help you buy or sell a home.  These numbers give you a good idea what you might expect to pay to buy or what you might expect to profit on a sale.  

That's the big picture for the neighborhood.  From there you have to compare apples to apples.  You don't compare a 15 year old home to a 5 year old home unless the 15 year old home has had some major updates.  That's where working with a top real estate agent can save you thousands of dollars.  

If you have questions about Westchase Village or any other neighborhood in Beaumont, I'm here to help.  Contact me on the blog, call, text or make an appointment to meet me at my office.  Let me know what neighborhood you want the fast stats on.  I'll post them here on the blog.

Sincerely,

Diane

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Southeast Texas Home Sales August Stats

August stats

If you are thinking of buying or selling a home in Southeast Texas you will want to know what's going on the in market.  Take a look. 

The highest median home price award goes to Hardin County thanks in large part to the new construction going on in Lumberton.  Orange, Beaumont and Jefferson Counties median prices are within $5,000 of each other.  

Orange County has the highest average number of days on the market at 112.  It's taking about a month longer to sell a home in Orange vs Jefferson and Hardin.  

Want more information about home sales in Southeast Texas?  Contact me.  I'm happy to help.

Sincerely,

Diane

 

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Selling a Home in Southeast Texas.

If you are thinking about selling a home in Southeast Texas here's a few things to know about the local housing market.  For the Month of January 2019 the average sales price of a single family home in Southeast Texas was $167,514.  

Here's a few other key pieces of information anyone selling a home in Southeast Texas would benefit from.

Jan stats

 

Homes averaged 93 days on the market.  If you are planning to move this spring or summer you will want to list your home approximately three months before you want to be moving out.  

Want to know how long it took for homes in your neighborhood to sell?  Just comment below or contact me for that information.  

Sincerely,

Diane

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Fewer People Buy Homes in January in Southeast Texas

What is the best month to buy a home in Southeast Texas?  Apparently not January.  The fewest home closings of 2018 occurred in February.  Which means there were fewer homes that went pending, under contract in January.  But does that mean January and February are bad months to buy a home?  Not at all.  You have less buyer competition in January and February.  Once the spring home selling season gears up then you are competing with a lot more buyers.  If you are thinking of buying a home this spring you might want to change your plans and start looking now.  

Happy Valentines Day.

Sincerely,

Diane

Valentines

 

 

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Average Home Sales Prices for Beaumont, Lumberton, Little Cypress Oct. 2018

What are homes selling for in Southeast Texas? 

Here's a look at the average sales price of homes in Beaumont, Lumberton and Little Cypress for single family homes that closed in the month of October. 

 

3 month area Oct

The homes sales in Little Cypress are averaging lower than Lumberton and Beaumont West 2 in part because there are still flooded and gutted home sales bringing down the average.  That said, Lumberton and Beaumont West 2  and 4 usually have the highest average home sales prices in the whole Southeast Texas housing market.  

Total Southeast Texas residential home sales in October numbered 290.  The overall average sales price was $173,291.  This overall average is also brought down by the flooded and gutted homes still in the market. 

If you want to know the average home sales price for your neighborhood comment below.  I'll be glad to share the information with you.  

Sincerely,

Diane

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Median Home Prices in Hardin County, Texas

Hardin Co Aug ReportHomes sales data for Hardin County for August 2018.

$185,000 was the median price homes sold for in Hardin County during the month of August.Down 6.9% home last August

  • The overall number of homes for sale is down 23.6%
  • The average days on the market is 94
  • The most activity $100,000-$199,999 price range. 
  • Data from the Beaumont Board of Realtors

If you are interested in finding out the home sales data for your town or neighborhood in Southeast Texas just comment below or contact me and I'll be happy to help provide you with the information you need to make a smart home buying or selling decision.

Sincerely,

Diane

 

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Silsbee, Vidor, and Orange Home Sales Summer 2018

Let's continue with yesterday's post about the ten Southeast Texas residential areas with the highest number of home sales this summer.  Today, Silsbee home sales, Vidor home sales, and Orange home sales are shown on the chart.  

Summer sales compare 3

 

You might notice the average sales price in these three areas is quite a bit lower than the average sales price in Lumberton, Orangefield and Bridge City.  Keep in mind Vidor and Orange had a substantially large number of homes flood during Hurricane Harvey.  The sales of flooded and gutted homes at low prices is bringing down the average sales price.  

Of the 1o55 total homes sales from June 1 - Sept. 15, 2018, the average sales price was $179,294 and the average days on the market was 121.  

Which area or neighborhood of Southeast Texas are you most interested in?  Let me know in the comments and I will share some market data for you.

Sincerely,

Diane

 

 

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1055 Homes Sold in Southeast Texas this Summer

It was busy summer!  At least it was busy home sales.  According to data in the Southeast Texas MLS, 1055 single family homes sold between June 1, 2018 - September 15, 2018.  There were ten Southeast Texas market areas that had over twenty homes sell. 

Take a look at where the most homes sold.

Summer Home Sales 2018

 

 

 

 

 

 

 

 

 

 

 

The chart shows the number of homes that closed, the average sales price and the average number of days the homes were on the market.  Today the chart shows Bridge City home sales, Lumberton home sales, and Orangefield home sales.  

Other areas in Southeast Texas with more than twenty homes sales this summer:

  1. Silsbee 22
  2. Vidor 43
  3. Beaumont W4  44
  4. Beaumont W5  26
  5. Beaumont W6  41
  6. Beaumont N6  69
  7. Orange  49

More about the average sales prices and average days on the market in those areas later this week.  If you are thinking of buying or selling a home in Southeast Texas before the end of the year, knowledge is powerful.  If you are interested in a certain neighborhood comment below, call or text me and I will be glad to help you find out what the prices, trends, days on the market are before you make a decision.  

Until next time,

Diane

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