Okay, for those of you who are new to Southeast Texas Real Estate Talk, here's something you should know.  The best source – in my opinion- for residential real estate data for the whole state of Texas is The Real Estate Center at Texas A&M. 

When it comes to real estate data, they rock.  Take a look at this chart.

 
You can find it on The Real Estate Center's website under Beaumont Market Data.  Here's five trends to consider:

1. 2010 had approximately the same number of home sales and the same average price as 2001.
2. 2003-2009 had higher sales and a higher average price than we had in 2010.
3. The market peaked in 2007.
4. Sales are off approximately 24% since the peak in 2007.
5. *The average home price is down about 30% since 2007.

Don't be confused.  That doesn't mean the average home has lost 30% of its value.  It means more homes under $100,000 are being sold today which brings the overall average price down. 

Want to learn more about the Beaumont, Texas housing market.  You can log on to The Real Estate Center's Website and study up or you can contact me and let me do the work for you.