Recent Gulf Coast MLS Activity

*Anyone needing information regarding market activity, please call your REALTOR (or me if you do not have a professional alliance at this time.)

The following information includes only the search criteria defined for each chart. Search criteria for the top chart will not be the same for the bottom chart. The criteria for each box was chosen because I was already researching these areas for clients.

A look at larger, higher priced homes with the following search criteria:

Gulf Coast MLS: 06-PassChristn,07-LongBeach,01-PearlRiver,03-BaySt.Louis,02-Waveland,

04-Hancock,05-Diamondhead,08-Gulfport-N.,09-Gulfport-SW,10-Gulfport-SE,11-W.Harrison,

12-SaucierLzna,13-Stone/Perry,14-Biloxi,15-Biloxi-N.,16-DIberville,17-WlmktE.Hrsn,18-W.Jackson,

19-St.Martin,20-OceanSpring,21-Vancleave,22-Gautier,23-Pascagoula,24-MossPoint,

25-E.Jackson,26-George County *Remember, there are thousands of users in our MLS system. Some data may come in a bit later. Any one of us could make a mistake that could skew data. This is merely a guideline for activity. The reason I made this search across the entire Gulf Coast MLS is because sometimes if you have an extraordinary listing and you searched only the given area--one might be lead to believe we have a stagnant market, which obviously is not the case.

Criteria: Minimum=$375K, 3 Bed 2BA, Between 3000 and 7000 SF

5 closings last 30 days: List Sum/$2, 908, 800.00 Closing Sum/$2, 705, 000.00

sq Ft range: 3100 to 5100 SF

The properties in this batch all had unique characteristics. We see that in some cases if you have a large parcel, it may benefit you to contemplate splitting. There are still cash buyers, and some people still qualify for conventional loans.

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*REmember, criteria is changing here.

$*Note that VA and FHA loans are coming in strong within those loan limits.

12-SaucierLzna,08-Gulfport-N.,06-Pass Christian,11-W.Harrison,17-WlmktE.Hrsn

Criteria: $150K to $800K, 3bed2ba or more, between 2500 and 7000 sf

Active=128 Pending=6

Selling Price $247, 447 Concessions $14, 744 (Net Sell price: $232, 703)

Year to Date=20 closings for the above criteria.

Closing Range= $219000 to $630000

Half of sales were in: New Home Subdivisions

1 new home subdivision 2922 sf, 3bed, 3 ba $630K

9 new home subdivision average 3000 sf, 4bed, 3ba, $255K and lower

I f we change the criteria to 3400SF we have 2 closings. Nothing closed w square footage greater than 3436 sf

If we change the List Price range to $300K to $800K and the square footage range from 3000 to 8000 we had 3 closings.

You may contact me at: Suzi@mgcre.com or call: 1-800-606-0094 (Please, no vendor or other telemarketing).