Hello Everyone,
On June 30th, I wrote a blog post about the closings for the month of June here on the Gulf Coast.
I stated that while I was writing on the 30th, and that there was still time for more closings to be reported, I estimated they wouldn't amount to more than 30 or so.
Boy was I wrong!
As of today July 6th, 2010 the Stats for the number of closings on the Mississippi Gulf Coast for the month of June is: 261
This is an increase from the number of closed properties from June 2009, but a decrease in the number of closed properties from May 2010.
The Median Sales price for June 2010 was $120,000 for June 2009 it was $142,000
The Average Sales price for June 2010 was $128,972- for June 2009 it was $158.811
A huge decline in a year! But, at least we are now selling more than we were last year, so are we starting to see a recovery? Or will the BP spill kill the recovery here on the coast (As indicated by the decrease in closings from May 2010 to June 2010)?
We will have to wait and see what July and August results are.
If you need any real estate information, from houses to Condos to Foreclosures, or commercial, contact Gerard Maher with Gulf Coast Realty at 228-229-4685 or email at CallGman@yahoo.com
Gulf Coast Realty serving the Mississippi Gulf Coast for All your real estate needs
