HI Everyone!
Well here are January's stats from the Gulf Coast MLS for Residential Sales
The number of residential Properties sold in January 2011 was 187
The AVERAGE sales price was $113,002
The MEDIAN sales price was $98,000
This is a slow month and January stats for 2010 look like this:
The number of residential Proprties sold in January 2010 was 191
The AVERAGE sales price was $125,238
The MEDIAN sales price was $122,500
Just to remind you, in December of 2010 we had 293 sales and the meidan price was $100,000
So January is a slow month and I already see some more activity for February. Let's see what happens on our road to real estate recovery, and if, the world events will have an impact on home sales and prices here on the Gulf Coast. Also, although the prices are down, I believe that represents investors buying up low end properties. In fact of the 187 sales in January of 2011 Sixty Eight of them were All Cash deals! That's more than a third of all the sales.
If you are looking to find information on a good deal to buy on the Mississippi Coast, in homes, Condos, Foreclosures or investment properties, contact Gulf Coast Realty at 228-865-9998 or email Info@GulfCoastRealty.Info
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