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Nice afternoon with a couple of small showers as weak front moved back north as a warm front. Some fog again tonight but should be more low clouds as enough wind should keep the fog from being to widespread. An upper level disturbance will pass north of the area late tomorrow with T-storms in northeast Texas. Big question is will the ...
Realtors expect continued improvement in Beaumont housing market
BEAUMONT - by Lauren Huet
Whenever Carol Chilton looks around her backyard, she sees memories.
"They rode electric Corvettes, and Jeeps, and everything in all of this big stone area," said Chilton, motioning to her patio. "That's what I think about: when my grandchildren were small and they played out here."
However, Chilton and her husband have decided to sell their home.
"We don't have any children that live at home anymore, and the grandchildren are growing up, and we're just kind of rattling around in all this space," said Chilton. "I just think that someone with a family needs to buy this house, and move in, and have some wonderful times like we had."
Hester Bell with ReMax Beaumont is showing Chilton's home.
"It's a wonderful market to be in. If you fix up your house, get it cleaned up, stage it and price it right, it will sell," said Bell.
The president of the Beaumont Board of Realtors, Scarlett Brekel, says the housing market in Southeast Texas significantly improved from 2012 to 2013.
"We started seeing a climb in 2012. You know, it's kind of like 'the Little Engine That Could,' it started going up the hill," said Brekel. "So, we're pulling out of it, and every year it keeps getting better and better, and I believe that 2014 is going to be really good."
The total dollar amount sold increased by 20 percent in 2013. In 2012 the total dollar amount sold was about $314 million. In 2013, it was about $377 million.
Brekel says the average sales price increased in 2013. Also, the average days on market decreased from 133 days in 2012, to 128 days in 2013.
"Before, we were running, you know, 13 plus months of inventory," said Brekel. "Well, now we're down to a little over six months."Brekel says now is a good time to sell.
"Now is the time to put your house on the market, because things are getting better," said Brekel.
"It's not a buyers market and it's really not a sellers market any more. We're really close to being down the middle of the road."
Brekel says rising mortgage interest rates are the only thing that might get in the way of people trying to buy and sell homes.