Are you a fan of graphs? 

They can help interpret data so well.  Here’s two I put together to give you an inside look at the residential new construction numbers in Southeast Texas. 

Graph 1 presents median price by area.  *For an area to be included there had to be a minimum of three active listings in the Beaumont MLS. 

Graph 2 shows average days on market by area. 

Ten other insights about new residential construction in Southeast Texas:

1. Average Days on Market of single family homes for the entire area is 120.  Keep in mind builders often list new construction homes prior to completion.
2. Median Price for the entire area is $239,500 for single family homes and $260,000 for Condo/Townhomes.  (Hum)
3. Silsbee and Kountze tie for the most affordable new construction with a median price in both areas under $150,000.
4. Pinewood has the most expensive new construction at a median price of $381,000.
5. Beaumont (all West locations) is the second most expensive with a median price just under $300,000.
6. Nederland has the lowest average days on the market at only 12.
7. Beaumont has 31 new construction condo/townhomes for sale.  Metropolitan Park is where you’ll find over half of them.  None are completed yet.
8. Lumberton has 40 single family new construction homes currently waiting new owners with an average price of $228,187.
9. $1,099,900 is the most expensive asking price of any new construction home on the market.  Its located in Montclaire.
10. Over $115 is the average cost per square foot of living space in Beaumont.

Need to know more about residential construction boom in Southeast Texas?  Call me.