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Hi EVeryone!
The sales stats for November 2011 are now showing that November was a BETTER month than October in all 3 indicators.
The number of homes sold was up, the Median price of homes was up and the Average price of homes was up!
This is Great News.
Here is the breakdown, compared to October 2011 and to November 2010.
For November 2011:
Number of Homes/Condos Sold: 276
Median Price of Homes sold: $100,000
Average Price of Homes Sold: $116,733
For October 2011:
Number of Homes/Condos Sold: 232
Median Price of Homes Sold: $86,250
Average Price of Homes Sold; $113,834
For Novmber 2010:
Number of Homes/Condos Sold: 225
Median Price of homes sold: $110,000
Average Price of Homes Sold; $115,661
So November 2011 was a good month relatively speaking for the coast housing market!
If you would like information on housing trends for your neighborhood on the Mississippi Gulf Coast, contact Gerard at Gulf Coast Realty at CallGman@yahoo.com or call at 228-229-4685
If you are looking to buy or sell a home on the Mississippi Gulf Coast, including the towns of Gulfport, Biloxi, Ocean Springs, Waveland, Bay St. Louis, Diamondhead, Pass Christian, Long Beach, St. Martin, D'Iberville or Gautier, call Gulf Coast Realty at 228-865-9998
Gulf Coast Realty serving the Mississippi Gulf Coast!
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Hi Everyone!
Well the stats are out for Sept 2011 for Single Family Unit Sales for the Mississippi Gulf Coast. Gulf Coast Realty compiles these stats every month, so you can keep track of the LOCAL real estate market, and not just rely on National stats. These stats come from the Mississippi Gulf Coast Multiple Listing Service.
Sept. 2011
Single Family SOLD 271
Average Price: $112,603
Median Price: $95,000
Aug 2011
Single Family SOLD 316
Average Price: $113,616
Median Price: $102,000
Sept. 2010
Single Family SOLD 241
Average Price: $124,550
Median Price: $117,900
As you can see, our sales and prices are down From the month before. But, from a year ago September, the number of Single Family homes SOLD has increased from 241 units to 271 units. The median and Average price, however, are down from a year ago.
So, While sales dipped from August, we at least have MORE sales than we did a year ago!
If you would like information on the sales in your neighborhood, contact Gulf Coast Realty, and we will do a neighborhood statistical profile for your neighborhood. You can email Gerard at Gulf Coast Realty at CallGman@yahoo.com or call the office at 228-865-9998 and ask for Gerard
Gulf Coast Realty is a full Service Real Estate Brokerage for the Mississippi Gulf Coast. Serving Biloxi, Ocean Springs, Gulfport, Long Beach, Pass Christian, Diamondhead, Bay St. Louis, St. Marting, D'Iberville, Harrison County, Hancock County, Jackson County, and Keesler AFB and the Navy CB Base.
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Updated photos replace previously posted flier notification of the September, 2011 Homeless Vet Stand Down.
I was privileged to attend this event as a volunteer. I really did not do much but served as a runner for other volunteers needing things. In between times, I got a few photos of the scene and willing participants.
It was my honor to be in place to chat with some of these vets, and with some of those who serve the veterans as well.
It can amusing to be myself sometimes. Because I hang out with my camera getting some video, photos--and chat with anyone in my range; some people assume I am someone of influence. (Ha-Ha).
One particularly interesting conversation I had was with an enthusiastic client who was very pleased with services at the Gulf Coast VA. He insisted that I know and spread the word. The particulars of the conversation eluded me by the time I was able to write anything down--so, please, if you are a Social Worker or anyone who serves the Veterans from the Biloxi location--you ARE appreciated!
I have discovered homeless sleeping at the piers in several of my recent early morning walks. I actually spoke with one of the "Pier Residents" who is also a veteran.
South Mississippi is blessed to have Keesler Air Force Base in Biloxi, Naval Construction Battalion Center/20th Seabee Readiness Group, and the Air National Guard in Gulfport. Camp Shelby, near Hattiesburg, MS is approx 65 miles or an hour and 15 minutes from the MGC (Mississippi Gulf Coast)
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WEll I looked at our local MS Gulf Coast MLS system this morning. I wanted to see how many of our homes for sale
were listed as 3rd party/bank owned (Mostly foreclosures). The number of properties that stated they were 3rd party/bank owned for the coast was 360. The total number of properties for sale was 9892. That's a small percentage of foreclosed properties to properties for sale. It works out to 3.64% of properties that are 3rd party/bank owned to ALL proprties for sale.
But, there is another satistic to consider. When I took a look at the number of properties that SOLD here on the coast, I found that 889 properties sold in the last 90 days and out of that 251 were listed as 3rd party/bank owned. That's 35.41% of all sales in the last 90 days were 3rd party/bank owned according to our MLS.
I then took it a step further and looked at ONLY RESIDENTIAL properties. There are 782 residences that SOLD on the Mississippi Gulf Coast in the last 90 days. The number of residences that were 3rd party/bank owned was 240. That's 32.58% of all residential sales in the last 90 days! Foreclosures are certainly a HUGE part of our sales here on the Coast.
All real estate is LOCAL. So when the National News comes out with the millions of foreclosures around the country, I want to break down the news for my local market. In fact, Gulf Coast Realty will break down home sales and home prices for you at the neighborhood level if you want. Just call Gerard Maher at 228-229-4685 or email CallGman@yahoo.com and I will do a snapshot of the market in your neighborhood.
Gulf Coast Realty serves the Mississippi Gulf Coast. Gulfport, Biloxi, Ocean Springs, Long Beach, Pass Christian, Bay St. Louis, Waveland, D'Iberville, St. Martin, Harrison County, Jackson County, Hancock County, Diamondhead, and the Navy CB Base and Keesler AFB.
Gulf Coast Realty has served the Gulf Coast for over 10 years in residential, Commercial, investment, foreclosures and land. Visit us on our website at Http://GulfCoastRealty.Info
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Hi EVeryone!
Well there is GOOD NEWS for the Mississippi Home Sales for the month of August. The Number of Homes Sold in August on the Coast is up from July 2011 and is up from August 2010. The breakdown of Sales is like this:
Aug. 2011:
Number of Homes SOLD 316
Average Price Sold $113,616
Median Price Sold $102,000
July 2011:
Number of Homes SOLD 247
Average Price SOLD $88,005
Median Price Sold $111,239
Aug 2010:
Number of Homes Sold 238
Average Price SOLD $118,782
Median Price Sold $94,000
As you can see, the number of homes SOLD is up and the Average price is up from July 2011 but is down from the Average price of Aug. 2010 . The median price is down from July 2011 but is up compared to the Median price of August 2010
But with both the NUMBER of HOMES SOLD up and the Average price up from July- positive news in the real estate market locally!
For information about your neighborhood, or information on Buying or Selling a home on the Mississippi Gulf Coast, contact Gulf Coast Realty at 228-865-9998
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