Gerard Maher, CRS Gulfport, MS

Okay Everyone,

Here is what happened on the Mississippi Gulf Coast in Home sales for the month of December 2011

Number of Homes SOLD 295

Average SOLD Price $123,906

Median SOLD Price $120,000

This compares with Nov 2011 homes stats:

Number of Homes SOLD 276

Average SOLD Price $116,733

Median SOLD Price $100,000

And as compared to a year ago in December 2010:

Number of Homes SOLD 293

Average SOLD Price $118,687

Median SOLD Price $100,000

So compared to the month before December was better than November in every way, both in sales volume and average and median price. Compared to a year ago, December was about the same in number of homes sold (+2) but up in terms of average and median price. Positive news for the Mississippi Gulf Coast

These statistics come from the MS Gulf Coast Multiple Listing Service and are compiled by Gulf Coast Realty by Gerard Maher. If you would like to know how your individual neighborhood is doing on the Mississippi Gulf Coast, contact Gerard at 228-229-4685 or email at CallGman@yahoo.com

Gulf Coast Realty is a full service real estate company serving the Mississippi Gulf Coast, including the cities of Biloxi, Ocean Springs, Gulfport, D'Iberville, St. Martin, Long Beach, Pass Christian, Bay St. Louis, Diamondhead, Waveland and both the military bases, Keesler AFB and the Navy CB Base.

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!

Hi Everyone!

Here are the stats for single family units on the Mississippi Gulf Coast for the month of October 2011. These stats come from the Ms Gulf Coast Multiple Listing Service.

Number of Single Family SOLD 232

Average Sales Price: $113,834

Median Sales Price: $86,250

This compares to Sept 2011:

Number of Single Family SOLD: 271

Average Sales Price: $112,603

Median Sales Price: $95,000

And compared to October 2010:

Number of Singe Family SOLD: 195

Average Sales Price: $124,816

Median Sales Price: $110,000

As you can see, we have increase the number of sold homes from October 2010 by approx.19%, but the average and median sales price has declined. Also, as compared to Sept 2011 we have gone done by a little more than 14% in number of homes SOLD, but while the Average price has risen slightly, the median price has dropped. So, we are still in a rollercoaster of sales here on the coast with no definite pattern of increase or decreasing sales or price emerging. However, with the low value of homes as compared to 3 years ago, and the significantly lower interest rates on mortgages, THIS IS the time to buy! If you would like to Buy or Sell your home, contact Gulf Coast Realty for all your real estate needs on the Mississippi Gulf Coast.

Gulf Coast Realty serves Biloxi, Gulfport, Ocean Springs, D'Iberville, St. Martin, Gautier, Long Beach, Pass Christian, Diamondhead, Bay St. Louis, Waveland, Keesler AFB, and the Navy CB base and Stennis

Gulf Coast Realty can be reached at 228-865-9998 or GulfCoastRealty@Gmail.com

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.

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