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.

Beaumont, Texas Home Prices Up 11.1% in 1st Q 2018

Home Sales in the 1st Quarter of 2018 

  • 225 Homes were sold.  4.3% less than the 1st Q of 2017
  • Median price was $149,950.  That's an 11.1% increase from the 1st Q of 2017.
  • Inventory is very low at only 2.2 months supply.   Balanced markets have about 6 months supply.

Beaumont Housing Report March

Takeaways for buyers: 

There is a lot of competition for the limited number of homes on the market.  You will want to know as soon as a new home hits the MLS.  Your Realtor can set up a listing notifier for you.  Be prepared to see a home in the first day or two its on the market if you want to have a chance at getting the home.  Be prepared to come in at your best offer and in some cases be ready for to compete in a multiple offer situation.

Takeaways for sellers:  

If you are considering selling your home this is a great time.  There are more buyers in the market for "move in ready" homes than there are homes available.  Its a sellers market.  What to find out what the value of your home is in this market, call me.  A professional market analysis is a service I provide.  No cost or obligation to list.   If you have real estate questions, I'm happy to help. 

Sincerely,

Diane

 

 

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Home Selling Hint: Curb Appeal is Important.

I recently listed a home in Wexford Park, in Vidor.  You could say the exterior was a little bland and lacking eye catching curb appeal.  But the seller called in some landscaping professionals and "ta da".  What a change a little landscaping makes.  

 1755 Galway is a three bedroom, 2 bath home.  For sale for $159,900.   If you would like more information on this home or want to schedule an appointment to see it, call me 409-504-9097. 

If you are thinking about selling a home in Southeast Texas and want a strategy to help it sell for top dollar in the least amount of time possible, call, text or email me.  I've been helping clients buy and sell homes in Southeast Texas for over a decade.  I'm a multi-million dollar producing agent and member of Coldwell Bankers Diamond Society for top sales performance.  I can help you sell your home. 

Sincerely,

Diane

 

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Median Home Price in Orange County, Texas, February 2018

Feb Housing Report Orange Co

It is safe to say home prices in all parts of Orange County, Texas are still being affected by Hurricane Harvey.  More than half of the homes that closed in the month of February were sold for less than $100,000. 

What this image doesn't show is the number of flooded and gutted homes that sold vs the number of move in ready homes that sold.  Here's some other Orange County Homes Sales Stats:

  • Home prices are down 21% from last February 
  • The number of homes that closed this February is also down 21% from last February
  • The number of homes for sale is also down 21%.  

For buyers its a hard time to find a "move in ready" home in Orangefield, Vidor, Little Cypress and Mauriceville.   Seven months since Hurricane Harvey flooded close to 80% of the homes people are still rebuilding.  That limits the availability of homes for sale.  We are just now seeing the first remodeled and repaired homes hitting the market.   

If you are planing to buy or sell a home in any Orange County neighbor, I'm happy to help.  

Sincerely,

Diane

#409Sold.com

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Shortage of Homes for Sale in Vidor, TX

Its been almost seven months since Hurricane Harvey flooded close to 80% of the homes in Vidor, Texas.  For home buyers that is making it hard to find a home.  

Take a look at this chart. It shows the number of homes for sale in a given price range:

Vidor homes by price range

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shortage of Homes Continues

If you are in the market to buy a home in Southeast Texas there are the first 2 things you should do.  First, get pre-approved with the lender of your choice.  Need a recommendation for a good local lender- text me.  Next, get your realtor to set you up with a listing notifier direct from the MLS.  Don't have a realtor yet?  Call me.  After you do those two things you are ready to start looking at homes.  

Sincerely,

Diane

#409Sold.com

 

 

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Here's a new listing. Hitting the Market Today. Total remodel. Thanks to Harvey. This home is precious and looking for the right someone.

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93 New Construction Homes Currently For Sale in Southeast Texas MLS

  New Construction Sales

 

 

Five things to know if you are looking to buy a newly built home in Southeast Texas:

  1. The neighborhoods with the most newly built homes for sale are Acadian Quarters in Bridge City,  Barrington Heights in Beaumont, Bergeron in Hamshire, Copper Point in Lumberton, Diamond D in Beaumont, and Dominion Ranch in Port Arthur.
  2. The average price range for the new construction homes that are currently listed for sale in the SETX MLS is $$332,052
  3. Expect to pay between $120-$140/SF of living space.  Most amenities equal higher price/SF.
  4. Most newly built homes will have a lot size of 1/4-1/3 of an acre.  
  5. Builder may negotiate a little on price depending on the inventory they have.

If you would like to find out more about any newly built home in Southeast Texas, I can help.  There is no cost to the buyer when working with a buyer's agent on the purchase of a new home.  

Sincerely,

Diane

 

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Its Hard Finding Homes For Sale in Vidor and Little Cypress, Texas

Have you been looking to buy a home in Vidor, Little Cypress, or Mauriceville?  You are probably getting frustrated.  Take look at the latest home sales data from the SE Texas Board of Realtors.

Currently there are 83 homes listed for sale in Vidor and Little Cypress.  When you take out those that are being  sold "as is" with flood damage the number drops to 56.  

Priced between $80,000-$200,000 the number of homes for sale drops even further to just 22.  

My advice to sellers:  If you are thinking about selling there will never be a better time than this spring.  

My advice to buyers: Be ready to act fast.  The best homes hitting the market are selling within days.  You need to get pre-approved for a loan and be ready to make an offer as soon as you find a home you really like.  Its a tough market out there because of the shortage of homes available.  

If you have any questions about selling or buying a home in Vidor or Little Cypress, Let's talk.

Sincerely,

Diane

Orange Co Jan

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Cartus Certified Agent in Beaumont, Texas

Cartus logo Diamond Society Logo

 

 

 

 

 

 

 

Here's 3 reasons we should talk if you plan to sell your home this year:

1.  As a member of Coldwell Banker's International Diamond Society for sales performance, you can count on my years of experience to help guide you in today's market and get you the best price for your home.

2.  As a Cartus Network Certified Agent, I take extra training and work to achieve high levels of client satisfaction.  If you are relocating to Beaumont or any part of Southeast Texas I can help with your Cartus Relocation.  If you aren't moving with your company but just moving on your own I can help your family too. 

3.  This year marks my 11 year anniversary selling homes in Southeast Texas.  I've been with Coldwell Banker Southern Homes since my family moved here in 2007.   When we work together I become your real estate advocate.  I will work diligently to make sure you get the best deal possible and to exceed your service expectations.  

Selling a home this year?  Let's talk.  

Sincerely,

Diane

 

 

 

 

 

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2599 Sunflower in Westchase 3D Photography

2599 Sunflower 3D

 

 Happy New Year!

There's a new technology in real estate photography called the Matterport Camera.  One of the things it does is create a Floor plan of your home with 360 degree photographs.  This might be the first big change since virtual tours came on the scene.  Take a look at this beautiful home in Westchase. 

Let me know what you think of the photos.  

 

 2599 Sunflower 3D Camera

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