Pat Starnes

Rankin County, MS ~ Market Snapshot for September 2010

The number of homes for sale in Rankin County for the month of September totaled just over 1000, for an average list price of $214,002. The breakdown for each city follows:

The number of Rankin County homes that sold during the month of September were 112. Seventy-three of these homes were in Brandon (75 homes sold last year in this area during the same time frame). 14 sales were in Pearl, (down from 31 last year), six homes sold in Flowood, in comparison to last year in which 8 Flowood homes sold. Ten homes sold in Florence, (compared to 9 sales during the same time last year) and 9 homes sold in Richland (compared to 4 sales last September).

For questions regarding this market snapshot for Rankin County, or if you are considering a home sale or purchase, I welcome your questions or comments.

Rankin County, one of the fastest growing counties in Mississippi,includes the cities of Brandon, Pearl, Flowood, Richland, Florence, Pelahatchie, Puckett, and several smaller communities. Brandon is the county seat.

Mississippi's 151st State Fair is underway at the Mississippi Coliseum and State Fairgrounds in Jackson MS. The fair opened Wednesday, October 6th and will remain open until the 17th.

A group of KW agents went during lunch today to consume corn dogs, fried potatoes, grilled corn on the cob, and of course, funnel cakes. If there is any doubt as to this author's personal favorite, check out this photo.

(If you don't believe me, you should see the dusting of powdered sugar in my car!)

Some of the entertainers for the 2010 MS State Fair include Hank Williams, Jr., Boyz II Men, Ronnie Milsap, and 38 Special. General admission to the fair is $5.00 for adults, but if you go before 1:00 p.m., there is no charge for entrance or parking.

Daytime termperatures may be on the warm side, but if you go after dusk, a jacket may be appropriate.

To get the schedule for special events or for further MS State Fair information, click here.

Brandon MS ~ Market Condition Report for September 2010

~ 39047 ~

Number of Available listings on the market: 443

Average LIST price of these homes: $232,944

Average DOM (Days on the Market) for listed homes: 131

Number of Closed Sales for September 2010: 43 vs. 48 for same time last year

Average SALES price of closed sales for month of September: $190,166

List to Sale Ratio of closed homes in Brandon (39047) for September 2010: 96%

Sixty-four (64) Northwest Rankin homes are pending (under contract) in this area. The number of Brandon, MS Reservoir area homes sold year-to-date in 2010 is 449, three units more than the same time last year.

~ 39042 ~

Number of Available listings on the market: 206

Average LIST price of these homes: $206,856

Average DOM (Days on the Market) for listed homes: 136

Number of Closed Sales for September 2010: 26 vs. 27 for same time last year

Average SALES price of closed sales for month of September: $179,321

List to Sale Ratio of closed homes in Brandon's 39042 for September 2010: 95%

There are 31 homes currently under contract in Brandon, MS. The number of homes sold in Brandon's 39042 year-to-date is 212, down from last year's to-date total of 242.

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Brandon's 39042 encompasses Highway 80, Interstate 20, Highway 18, Louis Wilson Drive, "Downtown" Brandon, and all parts in-between.

Brandon's 39047 includes Lakeland Drive (Highway 25), part of Old Fannin Road, the Ross Barnett Reservoir (Rankin side), most of Hwy 471, Spillway Road, and the Northshore area.

View previous Brandon MS Market Reports

If a move is in your future, it pays to consult a neighborhood expert. Feel free to contact me if you have any questions regarding today's real estate market.

Castlewoods ~ Brandon, MS Market Condition Report ~ September 2010

In September 2010, five (5) houses closed in Castlewoods Subdivision, with an average sales price of $217,180. The average days on the market for these five homes were 60 days.

There were 18 new listings added to the market in September, bringing the total number of available homes in Castlewoods to 72.

There are 10 homes under contract (either pending or with contingencies), and five properties expired (left the market) in September.

Castlewoods market appears to be improving, since last month there were five closings, compared to three in September 2009. Likewise, there were three closings in August 2010. Year to date, however, sales have decreased 15% from 2009 statistics. The month with the most closings? June 2010.

Home prices in Castlewoods predominantly run between $100,000-$200,000 (47% of inventory) and $200,000-$300,000 (34% of inventory). The remaining 18% are priced over $300,000.

Castlewoods is one of Rankin County's finest neighborhoods, complete with an 18-hole golf course, clubhouse, olympic-sized pool, tennis courts, walking trails, etc. Membership to the club is optional. Learn more about Castlewoods Country Club.

Search available homes in Castlewoods Subdivision ~ Brandon MS

Today I toured the new construction properties being built in Rankin County's Farmington Station. Although the September weather is still rather warm in central MS, it was worthwhile to see the quality of construction evident in these new homes.

Ranging in price from the mid $150s to the $180s, Farmington Station offers quality AND affordability. The builders offer an array of features, from granite tile counter tops, custom cabinets, and built-in storage to a fully sodded yard, to a whirlpool tub with separate shower. *DISCLAIMER: All features may not be standard, depending on the builder.

Most of the homes are 3 bedrooms, 2 baths, with double garages (3/2/2), and range in size from 1300-1600 square feet, heated & cooled.

There are multiple homebuilders constructing homes in Farmington Station. In addition to new construction, there are several resale properties available within the same price range.

This is a terrific time to buy a home. Interest rates are at an all-time low, and the housing inventory is great. Buying a home can be confusing and overwhelming. Selecting a knowledgable buyer's agent will take the pressure off, so you can make a confident, educated decision.

If you are shopping for a new home, I can represent YOU in your NEW HOME purchase. Together, we can preview all the available properties and you can select the one that best suits your needs.

Farmington Station Homes for Sale - Brandon MS

Farmington Station is located in the Northwest Rankin School District, and is close to Dogwood Festival Mall and Ross Barnett Reservoir. You can now enter Farmington Station from either Old Fannin Road or Hugh Ward Blvd.