Zip code 77706 is a popular place to call home. 

This geographic area is bordered on the S. by Phelan Blvd., on the N. by Eastex Fwy., on the E. by 1-10, and on the W. by the Jefferson County line.  It you are from Beaumont, you may have heard it referred to as the W’s.  W2, W4 and W5 to be precise. Its convenient to Dowlen which runs right through the middle of 77706 which means you are in the heart of the shopping and dining district.

To analyze this housing market the following criteria were selected:  homes priced between $150,000-$200,000, single family residences, 3-4 bedrooms.

Looking at the housing market since Oct. 2007 to today, there have been 17 sales.  Currently, 6 homes are under contract also known as pending sales and there are 31 active listings.  The average days on the market before one of these homes went under contract is 99.  W2 does seem to move faster with less than 60 days on the market before going under contract.  W4 is not far behind averaging less than 68 days on the market.  W5 seems to take a little longer, pulling up the curve to 99 days for the whole area. 

W2 homes sold for approximately 95% of their listing price.  W4 homes averaged over 95% of their listing price.  While W5 homes showed an average a little lower but still a strong average of about 91% of their list price.

If you are thinking of buying in this popular zip code you’ll need to act fast.  Several of the homes were on the market less than 45 days.  With so few days on the market, it often means these homes are sold before you will see them advertised in any magazines.  The Internet keeps the most up to date information on which homes are new on the market.  Even better for fast results is working with a local Realtor who gets daily updates of market activity and knows before anyone else when new homes come on the market.

For a detailed profile of zip code 77706 City Data provides some interesting information.  Average age 39.7 years old.  Median income is higher than the state average at $58,734.

Does it sound like the type of place you might like to call home?  Your comments are always encouraged.  Let me know what you think about living in 77706 or any other zip code in SE Texas.