Hi Everyone!
I just pulled the stats for February for the Mississippi Gulf Coast according to our Gulf Coast MLS system.
The number of residential homes/condos that sold in February 2011 is up from January 2011 and it is also up form a year ago stats for February 2010.
Here is the breakdown:
Single Family Units that SOLD in FEB. 2011 : 186
Single Family Units that SOLD in Feb. 2010: 173
Single Family Units that SOLD in Jan. 2011: 180
So you can see we have more sales going on compared to last month, and last year! That's the good news. The not so good news is that the Median price and average price have declined.
The Median price of homes sold in Feb. 2011 on the mississippi Gulf Coast was: $96,500
The Median price of homes sold in Jan. 2011 on the mississippi Gulf Coast was: $98,250
The Median price of homes sold in Feb. 2010 on the Mississippi Gulf Coast was: $125,000
The average price of homes sold in Feb. 2011 on the Mississippi Gulf Coast was: $108,745
The average price of homes sold in Jan. 2011 on the Mississippi Gulf Coast was: $114,146
The average price of homes sold in Feb. 2010 on the Mississippi Gulf Coast was: $147,574
Of course the good news is that MORE homes are selling. The ones that are selling, however, may be the lower end of the market. This is supported by the number of ALL CASH sales. Of the 186 homes that sold in Feb. 2011-- 80 of them were ALL CASH. That's 43% of the homes sold went ALL CASH.
I will keep updating you on market condition for the Mississippi Gulf Coast. If you would like more info, or are looking for information about buying or selling a home, I can do an analysis for your neighborhood or area on the Gulf Coast. Email Gerard Maher, REALTOR at CallGman@yahoo.com or call me at 228-229-4685. Gerard Maher is the Managing Broker of Gulf Coast Realty in Gulfport, Ms.
For Any property on the Gulf Coast-contact Gulf Coast Realty
