Blog
The Latest
-
Lumberton Home Sales Slowed Slightly in December
One of the fastest selling housing markets in all of Southeast Texas has been Lumberton. A desirable city just N of Beaumont is known for its good public schools, newly built neighborhoods, nice parks and recreation has seen double digit home price appreciation for the last couple of years. In December, the sales paced slowed.
Data from the Southeast Texas MLS. Other things of interest:
- 33% of the sale were between $400,000-$749,999
- The number of listings showed an increase from the same time last year.
- The median price of a home in Lumberton, Texas was $343,700 in December 2022.
If you are thinking about selling a home in Lumberton or any part of Southeast Texas, contact me. Let's discuss your goals.
Sincerely,
Diane
-
What’s Happening with Southeast Texas Home Prices 2023
Are home prices in Southeast Texas going up or down? Great question and one that has to be answered in a very specific way. You see, home prices can be up in one neighborhood and down in one close by. For Example – Home prices in Copper Point in Lumberton might be going up while home prices in Boykin or Woosley Palms might be going down. To find out you need an experienced Local Realtor who is a member of the MLS with access to all the best home sales data. This infographic shows you a national perspective.
![What’s Really Happening with Home Prices? [INFOGRAPHIC] | MyKCM](https://i0.wp.com/409sold.com/wp-content/uploads/2023/01/whats-really-happening-with-home-prices-mem-1046x2447-1.png?resize=656%2C1535)
Some Highlights about Southeast Texas Home Prices
- If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters.
- While home prices are down slightly month-over-month in some neighborhoods in Beaumont, they are up in others.
- As a top listing agent with over 17 years of experience helping families sell homes in Southeast Texas part of my job is to help y0u determine the right price for your home and to use my marketing expertise to help you sell your home for top dollar.
- Let’s connect to find out how much equity you have in your current home.
- 2023 could be a great year for you to sell your home in Beaumont, Lumberton or Orange.
Sincerely,
Diane
-
Home for Sale in Orangefield. 406 Gunstream, Orange, Texas
Take a sneak peak. Remodeled four bedroom home in Orangefield ISD on a dead end street just looking.
It is just one of the six fabulous new listings that I have listed since the beginning of the year. If you are looking for your next dream home or planning to sell the home you are in, let's chat about your goals. With over 17 years of experience selling homes in Southeast Texas, I'm here to help.
Sincerely,
Diane
-
Selling a Home in Southeast Texas 2023
Happy 2023! I'm happy you found my Southeast Texas Real Estate blog. My goal is to post information helpful for any one who is planning to buy or sell a home in Southeast Texas. The areas I specialize in are Beaumont, Lumberton, Vidor, Orangefield, Little Cypress, Sour Lake, and Fannett. I sell homes all over Southeast Texas and have been a top listing agent with Coldwell Banker Southern Homes for over a decade. If you have questions about real estate, I'm here to help. Let's make 2023 the best one yet.
-
Changes in the Real Estate Market, Beaumont, Texas
The Beaumont Board of Realtors just released the November housing reports. Here's a look.
Key takeaways:
There is a transition that is happening. As a home seller or buyer you need to be aware of this change.
- Inventory, the number of homes for sale, is increasing at a significant rate.
- Homes that are selling are predominantly in the under $299,900 price range.
- The number of days a home is on the market is starting to increase.
We have been in an unusually hot real estate market for the past 18 months. The market is starting to transition back to a more normal real estate market now. That is a good thing. Keep in mind a balanced market has about a six month supply of homes for sale. We still don't have that. Currently, we have 3.7 months.
With interest rates reaching new highs, the buying demand has cooled significantly. What does this all mean for the Beaumont housing market?
Sellers need to know the current home values. They aren't the same as your neighbor's home that sold six months ago but they are still higher than they were two years ago.
If you have questions about the Southeast Texas real estate market or your home's value in the current market, let's connect.
Sincerely,
Diane
-
What’s Really Happening with Home Prices in Beaumont, Texas
Home prices in Southeast Texas don't fluctuate as much as some other market but here's an article that gives a good perspective.
What Every Seller Should Know About Home Prices
If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know.
What’s Really Happening with Home Prices?
It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words. But what headlines aren’t always great at is painting the full picture.
While home prices are down slightly month-over-month in some markets, it’s also true that home values are up nationally on a year-over-year basis. The graph below uses the latest data from S&P Case-Shiller to help tell the story of what’s actually happening in the housing market today:
As the graph shows, it’s true home price growth has moderated in recent months (shown in green) as buyer demand has pulled back in response to higher mortgage rates. This is what the headlines are drawing attention to today.
But what’s important to notice is the bigger, longer-term picture. While home price growth is moderating month-over-month, the percent of appreciation year-over-year is still well above the home price change we saw during more normal years in the market.
The bars for January 2019 through mid-2020 show home price appreciation around 3-4% a year was more typical (see bars for January 2019 through mid-2020). But even the latest data for this year shows prices have still climbed by roughly 10% over last year.
What Does This Mean for Your Home’s Equity?
While you may not be able to capitalize on the 20% appreciation we saw in early 2022, in most markets your home’s value, on average, is up 10% over last year – and a 10% gain is still dramatic compared to a more normal level of appreciation (3-4%).
The big takeaway? Don’t let the headlines get in the way of your plans to sell. Over the past two years alone, you’ve likely gained a substantial amount of equity in your home as home prices climbed. Even though home price moderation will vary by market moving forward, you can still use the boost your equity got to help power your move.
As Mark Fleming, Chief Economist at First American, says:
“Potential home sellers gained significant amounts of equity over the pandemic, so even as affordability-constrained buyer demand spurs price declines in some markets, potential sellers are unlikely to lose all that they have gained.”
Bottom Line
If you have questions about home prices in Southeast Texas or how much equity you have in your current home, let’s connect so you have an expert’s advice. I've been a top listing agent in Southeast Texas for over a decade. If you have a home to sell in Beaumont, Orange, Vidor, Lumberton, Fannett or Sour Lake, I will gladly prepare a professional market analysis on your property at no cost or obligation to list your home with me. Call, text or email me and we can schedule an appointment.
Sincerely,
Diane
-
Beaumont, Winter 2023 Home Selling & Buying Guides are Now Available.
You may be wondering if now is a good time to buy a home or sell a home in Southeast Texas…if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
E-Guides are complimentary.
Link for Home Buying & Selling Guides
Get a copy for yourself or anyone you know who is thinking about selling or buying a home in Southeast Texas this winter.
Sincerely,
Diane
-
Getting Your Home Ready to Sell in Southeast Texas
Southeast Texas home sales in the winter months are a little slower than they are in the spring and summer. But homes do sell in the winter! If you are thinking about a move look over this checklist.
![Winter Home Selling Checklist [INFOGRAPHIC] | MyKCM](https://i0.wp.com/409sold.com/wp-content/uploads/2022/12/winter-checklist-mem-1046x1715-1.png?resize=677%2C1111)
If moving this winter is in your plans, let's discuss your goals. I've been a top listing agent in Southeast Texas for over a decade. I'm here to help with all your real estate questions.
Sincerely,
Diane
-
Home Values. Home Sales. Beaumont, Texas
The October Housing Reports have just been released by the Beaumont Board of Realtors. There are changes occuring in the Beaumont real estate market.
Take a look.
The biggest changes I'm seeing in the market:
- an increase in number of homes for sale
- a decrease in the number of sales
Right now the Beaumont real estate market is in a transition. It is a challenging time to value a home properly for the current market conditions.
The value of a home six months ago is not the value today.
This isn't bad news if you are thinking about selling your home. If you have lived in your home three years or longer you have built up a good amount of equity in most cases.
Beaumont home sales typically pick up at the end of the year with people relocating in for new jobs ahead of the 1st quarter of the new year.
If you are thinking about selling your home, let's chat. As a top local listing agent with over a decade of experience in Beaumont, Texas I can help you price your home and market it to reach all the buyers that are searching for a home. My goal is to help you sell for top dollar and exceed your service expectations.
Sincerely,
Diane
-
Finding a Dream Home in Southeast Texas
This post is for the pet owners out there.
A survey done by the National Association of Realtors shows the most important features in a "Dream Home" for pet owners are:
- Fenced yard
- Large home
- Flooring
- Pool
If you are looking for a "dream home" for you and your pets or need to sell your current home, contact me. Let's discuss what is most important to you.
Sincerely,
Diane
-
What’s my Orange Co, TX Home Worth?
Trying to determine the current market value of a home in Southeast Texas can be a tricky thing. The local real estate market is always changing. Each month the Beaumont Board of Realtors releases updated market statistics for Beaumont, Lumberton, Orange and Jefferson County. Take a look at the current trends in Orange County, Texas for the month of September.
Pay Attention!
The number of listings is increasing.
The number of sales is decreasing.
The housing market is in a transition. With the increase in interest rates the overall demand from buyers has slowed.
Compared to September 2021, home prices are up 26.3%.
To determine the current market value of your home, you need a local professional realtor who has access to the most accurate and current sales data. That's where I can help. As a top listing agent with over fifteen years experience in the Southeast Texas real estate market, you can trust me to provide the most accurate pricing strategy to help you sell your home.
"What's my home worth?"
If you have been wondering about the current value of your home. Let's connect. There is no cost or obligation to list your home when I provide a market analysis.
Sincerely,
Diane
