Tupelo, MS

Great location in Saltillo, MS and close to major shopping and dining. Tupelo schools. Custom built home located on large lake at Northridge Crossing offers upscale living and space. From the custom kitchen with S/S appliances and icemaker, to the bigger than large library with built in bookshelving, this home can cater to most lifestyles. Main features include approximately 4,192 square feet with 4BR, 4BA, parlor or music room, large open formal dining room, family room, safe room, and double attached garage with inside workshop. Ammenities include red oak and hand scraped hickory floors, tile, and carpet in upstairs bedrooms. The fourth bedroom is two rooms which could be used as a guest suite or Mother in Law quarters. Finer details include two gas log fireplaces, solid surface countertops, 10' to 18' ceilings, surround sound in family room and library, detailed millwork, solid steel safe room, icemaker, trash compactor, pantry, security system, patio, gas BBQ hookups, and shaded lot with screened belvedeer with hot tub at the waters edge. Restrictive covenants. HOA. Asking $389,900. Please visit http://TupeloAreaHomes.com for all homes for sale through the Tupelo MLS, NE Mississippi.

I have recently made a career decision with the move to join the ranks of thousands of independant real estate professionals across North America. After over 10 years of being associated with nationally franchised real estate firms, myself and others are witnessing a continued transformation of change across the real estate industry in the way agents can service the needs of their clients.

Technology that once only the great large firms had access to is now available to everybody in the industry. It is not about the size of the real estate firm any longer, but how we as individuals can accomodate and provide a level of service specific to the needs of the consumer. It's not one size fits all anymore.

With my decision to become independant, it allows me more freedom and flexibility to work outside the box, offering choices to the consumer and helping to accomplish their real estate goals with more targeted results.

I will remain empowered with a powerful set of tools to deal with today's internet-savvy consumer. By offering transparency and responsible choices, the consumer can benefit with only those services that meet their specific needs. I work with sellers and buyers, and equally as important, I can work with For-Sale-By-Owners, investors and homeowners where there is no dependency on closing a transaction in order to get paid.

Whether you're buying or selling a home or just need help with your real estate transaction, look to my knowledge and experience as a choice for your real estate services. Accredited consulting and fee-for service options are available. Located in Tupelo, Mississippi, I help Buyer's and Seller's in Tupelo, Saltillo, Guntown and across the greater Northeast Mississippi region.

From Luxury Homes and waterfront properties to golf course homes, Foreclosures, and bank owned properties - I can work with sellers and buyers in all price ranges. I am a participating affiliate of the growing Real Estate Consulting Network.

Maybe it's Time to Look into using a

BUYERS - I am a licensed associate broker with extensive knowledge of the local market with the experience and negotiating skills to help you accomplish your real estate goals. Searching for real estate information today is the easy part. Interpreting that information takes skill and is where I can afford you protection. From mortgage information and inspection recommendations to buyer consultation services, I can help. Call me today.

SELLERS - With 94% of all home seekers using the internet for their home search today, I challenge you to find a REALTOR® who can give your home more exposure. Syndication and presentation is where I excel. I offer commission based services, fee-for-service options, and consultations services. Transparency and choices to the consumer means using only the services you need, saving you time and money. Different!

Randy Landis, Broker, ABR, ACRE, GRI, RFS
(662) 231-9107

You will Never look at agents the same way again. Ever!

A full service listing and selling real estate broker representing sellers, buyers, lenders, REO firms, and asset managers of real estate for sale, homes, houses, lots and land. Registered HUD Broker. BPO services available. Fee for Service and MLS Flat Fee options available. Provider of real estate services and related technology marketing services to the Tupelo, Saltillo, and the Greater Lee County area of Mississippi. Immediate market area includes the communities of Belden, Guntown, Baldwyn, Verona, Plantersville, Mooreville, Mantachie, Blue Springs, Sherman. Also serving the smaller communities in Lee County and surrounding counties of Pontotoc, Itawamba, Union, Prentiss, Monroe, Chickasaw, and others.

April 2011 Sales Statistics - Tupelo Area, NE Mississippi

A quick compilation of residential housing sales numbers for the month of April 2011 are as follows:

Total Closed Sales: 114 (slight decrease from 118 one month prior, and down 13% compared to the same month one year ago)

Total Foreclosures Sold: 29 (compared to 34 the month prior)

Foreclosure/sales Ratio: 25% (Distressed property sales continue to be a significant percentage of total market sales however, trending slightly downward over the last three months. Does not reflect short sales.)

Average Sold Price: $116,887 compared to $106,284 one month earlier.

Median Sale Price: $105,250 increased from $89,500 one month earlier.

NEW! Listing Sales Breakdown: NEW!

$0 to $80,000 - 43

$80,001 to $150,000 - 41

$150,001 to $200,000 - 17

$200,001 to $250,000 - 7

$250,001 and up - 6

April 2011 March 2011

Average List/Sell Price Ratio - 92.72% 94.57%
(Original List/Sell Price Ratio) - 88.78% 89.38%

Average Days on Market (DOM) - 179 This is up from 147 last month and continues to trend higher from 123 in January.

Total Homes on Market (as of 5/1/2011) - 1,186

With 35 fewer MLS listings than this time last month, the actual estimated market holds an inventory of approximately 1,375 homes for sale. This number remains consistent when compared to one month earlier with a shift being seen towards non-MLS listed properties. This number also coincides with an increase of average DOM. Many sellers are driven to put their home on market during the spring as it is considered the best selling season.

The realization of an increase in Average Sold Price and Average Median Price for April can be the result of fewer foreclosure sales as an overall percentage of total sales. Price reductions are still occurring in our market and seems to be the driving force in sales once perceived market value has been breached. The slight deterioration of the Original List/Sell Price Ratio also supports the number of price reduction actions and apparently reflects a continued market value correction, in support of weak bottom locally. Once again, closer inspection of this number is suggested in order to determine whether this weakness is confined to a certain segment of the overall market.

This is the first month I have broken down sales numbers in price ranges as it shows where overall market strength is at. The high end home sales continue to be sluggish as a percentage of all homes sold. Overall, Buyer's remain in control of the selling side of our market. Our market is strained with similar sales hurdles as seen around the country and are not entirely the result of tougher lending policies. Consumer's confidence in the overall housing outlook remains cautious.

With one month remaining during the typical spring selling season, sales going forward will provide more insight to our market stability. As I mentioned last month, one good month does not spell a turnaround but 3 strong consecutive months may exude more positive feelings about jobs and the local economy. Sales continue to be driven by the factors of location, condition, and price. Buyers, although cautious, do recognize good pricing and overall value and continue picking up the "deals."

One key indicator with market stability is the absorption rate. This number shows the rate at which the inventory of homes for sale are being sold. A declining figure indicates the inventory is decreasing as more homes are being sold than are coming onto the market. A rising absorption rate implies that there are more homes coming onto the market than there are buyers willing to buy at the market prices. The current absorption rate of 15.25 continues to climb (four consecutive months) but remains under last April's (2010) number of 15.63 and somewhat mirrors the national trend.

Interest rates were actually very stable through the month varying little more than 1/4 of a point and are hovering around 4.87% for a 30 year fixed rate mortgage.

Homes purchased today with a long term investment outlook look very attractive with little downside risk as we head into the summer months. However, with looming inflation concerns, the consumer should remain tuned in to their needs, affordable housing, and purchase well within their means. "House poor" has become a common description of homebuyers who take on too much home by "maxing out" their eligibility and leaving little disposable income for everyday living expenses. Lenders are doing their best to prevent this with loan risk management. Rapid inflation can do real harm to disposable income as debt to income ratios can also change rapidly.

Numbers compiled from Northeast Mississippi Board of Realtor MLS statistics on 5/4/2011 and may be within a slight margin of error based on totals and timely reporting. This compilation does not include private or other sourced sales activity except for estimated total available homes for sale.

For more detailed information about our market or neighborhood specific reporting, please contact Randy Landis at EXIT Realty Premier, Tupelo. Randy is an Accredited Consultant in Real Estate®.

Congratulations to Columbus, Mississippi for receiving recognition as a "Tree City USA". I had never heard of this before but apparantly there are many cities in the United States that have acheived this recognition.

To qualify as a Tree City USA community, a town or city must meet four standards established by The Arbor Day Foundation and the National Association of State Foresters.

These standards were established to ensure that every qualifying community would have a viable tree management plan and program.

It is important to note that they were also designed so that no community would be excluded because of size.

1. A Tree Board or Department

2. A Tree Care Ordinance

3. A Community Forestry Program With an Annual Budget of at Least $2 Per Capita

4. An Arbor Day Observance and Proclamation

Which state has the most certified Tree Cities? Illinois of course...who would have guessed?

Now go out and plant a tree.

While driving through the neighborhood
where Elvis Presley's birth home sits, I'm always intrigued by the number of Elvis fans who still travel the world just to visit the King's experience. Elvis' birth home was built by his father and is a two room home that beckons tourists that visit from the world over.

Another Busload of tourists visits the Tupelo landmark to visit the home and the Elvis Presely Museum and gift shop where you can by anything "Elvis".

You can even get "hitched" at the elvis chapel.