Good News for the Mississippi Gulf Coast Housing market!!!

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!

October 2011 real estate stats for 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

Mississippi Gulf Coast Real Estate stats for September 2011

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.

Foreclosures on the Mississippi Gulf Coast

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 wass 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

Home Sale Statistics for the Mississippi Gulf Coast August 2011

Hi Everyone!

Well there is GOOD NEWS for the Mississippi Home Sales for the month of August. The Number of Homes Sold in August on the Coast is up from July 2011 and is up from August 2010. The breakdown of Sales is like this:

Aug. 2011:

Number of Homes SOLD 316

Average Price Sold $113,616

Median Price Sold $102,000

July 2011:

Number of Homes SOLD 247

Average Price SOLD $88,005

Median Price Sold $111,239

Aug 2010:

Number of Homes Sold 238

Average Price SOLD $118,782

Median Price Sold $94,000

As you can see, the number of homes SOLD is up and the Average price is up from July 2011 but is down from the Average price of Aug. 2010 . The median price is down from July 2011 but is up compared to the Median price of August 2010

But with both the NUMBER of HOMES SOLD up and the Average price up from July- positive news in the real estate market locally!

For information about your neighborhood, or information on Buying or Selling a home on the Mississippi Gulf Coast, contact Gulf Coast Realty at 228-865-9998

Number of Home Sales increases in July 2011 compared to July 2010 for the MS Gulf Coast

Hello Everyone!

Just looked at the Number of residential sales for the Mississippi Gulf Coast for July 2011. The GOOD NEWS is that we sold 244 homes in July of 2011 compared to only selling 227 homes in July of 2010. So more buyers are returning to the market to start to buy. That's about a 7% increase in the number of homes from last year in July.

However, the Median and Average price of homes is down from this time last year and down from the month of June 2011 also. In fact the number of sales dropped from June to July also.

Here is the breakdown of home sales for the Mississippi Gulf Coast according the Gulf Coast MLS

JULY 2011

Number of Homes SOLD 244

Median Price $88,503

Average Price $111,490

JULY 2010

Number of Homes SOLD 227

Median Price $110,000

Average Price $128,565

JUNE 2011

Number of Homes SOLD 327

Median Price $116,000

Average Price $129,627

So we are down from June of this year in every category, up in number of homes SOLD from this year compared to last year for the same month, but we are also down in home values in all ways.

If you are looking for information on the housing market in Gulfport, Biloxi, Ocean Springs, Long Beach, Pass Christian, Bay St. Louis, St. Martin or D'Iberville- Call Gulf Coast Realty at 228-865-9998 or email us a Info@GulfCoastRealty.Info

Gulf Coast Realty is a full service real estate company serving the Missisippi Gulf Coast and providing housing information for all. For schools, or other info go to http://GulfCoastRealty.Info

More Good News for the Mississippi Gulf Coast Housing Market!!!

Hi Everyone!

Well as I told you last month, that May's housing stats for single family residences was up from April in number of sales and in median and average price. Now for the second month in a row, we are UP again!!!!

The Number of homes sold from May to June on the Mississippi Gulf Coast INCREASED BY 7.7%

The Median price of those homes INCREASED BY APPROX 3.2%

The Average price of those homes INCREASED BY APPROX 2.1%

Here are the actual numbers from the Gulf Coast MLS data for Single Family residences sold in June of 2011

NUMBER HOMES SOLD: 307

MEDIAN PRICE: $113,000

AVERAGE PRICE: $126,009

Here are the numbers for May 2011:

Number Homes Sold: 285

Median Price: $109,500

Average Price: $123,32

Here are the numbers for June 2010:

Number Homes Sold: 292

Median Price: $120,000

Average Price: $128,845

As you can see, we are UP from May to June of this year in Everything. We are up from this June compared to June 2010 in NUMBER of SALES. But we are down in the average and median price for June 2011 compared to a year ago June 2010. But it does appear that our prices are starting to rise, if ever so slightly!

Once again, Good news for the second month in a row for the Mississippi Gulf Coast! Let's see if July will make it 3 months in a row of steady increase in all categories!

This information is brought to you by Gulf Coast Realty, serving the Missisippi Gulf Coast for over 10 years. Located in Gulfport MS, we serve Harrison County, Jackson County and Hancock County and the cities of Waveland, Bay St. Louis, Pass Christian, Long Beach, Gulfport, Biloxi, St. Martin, D'Iberville, Keesler AFB, Navy CB base, Ocean Springs, Gautier, and Saucier

Hi Everyone!

Today an economist named Shiller is on the news about the National housing market and the possibility of housing prices falling another 10 to 25% nationally.  This is because of the foreclosures that are on the book, but haven't come on the market for sale yet.  This is a national forecast.  However, the sum of all markets does not always point out what is happening in a local market. 

In fact, here on the Mississippi Gulf coast we have been watching the median and average price fall each month just about for the last year.  However, May of 2011 for the first time in a long time, has shown an INCREASE in Median and Average price home sales here on the coast.

Of course one month doesn't make a trend, but it is encouraging.  So don't always think what is happening nationally, is also what happens locally. 

Here are the stats for May 2011 for the Missisissippi Gulf Coast in Single family unit sales according to the Mississippi Gulf Coast MLS.

May 2011  Total number of homes SOLD          276

May 2011  Average Sales price                $119,297

May 2011  Median Sales price                 $108,750

April 2011 Total number of homes SOLD       268

April 2011 Average Sales price              $111,249

April 2011 Median Sales price               $95,500

May 2010  Total number of homes SOLD    306

May 2010 Average Sales price             $127,313

May 2010 Median Sales price              $127,250

So as you can see, we are significantly up from April of this year, but we are down from where we were in May of 2010.  Still the upward trend here locally, in the face of national down news is a positive for our local market.

If you would like information on sales in your neighborhood, call Gerard with Gulf Coast Realty for your neighborhoods sales picture please contact Gulf Coast Realty at 228-865-9998.  Have a  Great Month everyone!

Hello Everyone!

Well here are the results of home & Condo sales for the Mississippi Gulf Coast for April 2011 according to the Gulf Coast MLS.

April 2011  Total Homes Sold       258

Median price                              $95,500

Average price                          $111,710

This compares to Mar 2011

Total Homes Sold                  299

Median price                     $95,000

Average Price                    $113,745

And compared to April 2010

Total Homes sold               300

Median Price                 $119,500

Average Price                $126,284

So as you can see, we are down from last month and last year this time.  More buyers are out there coming in our door, but the contract times for foreclosures and short sales ranges from 2 weeks longer to close to 6 months longer.  Out of the 258 sold homes in April 104 were all Cash deals, leading me to believe that investors and buyers are still heavily going for the lower end market deals from foreclosures and that is bringing the median and average price dollars down.  

Even though this report is lower than last month, I am optimistic that the buyers are back and we are headed in an upward trend.

If you would like more informtion on buying or selling a home, or stat for the Mississippi Coast for a particular market or price range, call Gerard at 228-229-4685 or email me at CallGman@yahoo.com

Gulf Coast Realty is a full service real estate serving the Mississippi Gulf Coast

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Home Sales for the Mississippi Gulf Coast March 2011

Hi Everyone!

Well here is the news for the Mississippi Gulf Coast for Single Family Units according to the  Gulf Coast MLS.

For March 2011 the number of SOLD homes was:           278

For February 2011 the number of SOLD homes was:       186

For March 2010 the nuber of SOLD homes was:              281

Median Price for March 2011:                               $96,550

Median Price for Feb. 2011:                                 $96,500

Average Price for March 2011:                             $112,809

Average Price for Feb. 2011:                               $108,745

Median Price for March 2010:                              $125,000

Average Price for March 2010:                             $129,659

As you can see, HOME SALES have increased since Feb. of this year, and are about the same as March of last year.  Also the Median and Average Price are pretty much the same from Feb. to March of this year, but are much lower than they were a year ago.  Out of the 278 Sold homes in March 2011, 107 were ALL CASH deals.  This leads me to speculate, that there is alot of lower priced homes selling to investors because of the Foreclosure market.  I don't see us sinking, but rather just holding steady.  So we have about the same amount of sales as last year in March, and we have increased in the number of Home SOLD since Feb.   So buyers are coming back to the market.

For more info on housing on the Mississippi Gulf Coast, contact Gerard Maher at 228-229-4685 or email CallGman@yahoo.com or stop in at Gulf Coast Realty at 2214 25th Ave in Gulfport, MS 39501

Gulf Coast Realty serving the Mississippi Gulf Coast in Homes, Condos, Land, Investments, Foreclosures, Commercial, mutli family. 

Home Sales up on the Mississippi Gulf Coast 

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

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January 2011 Housing Stats for the Mississippi Gulf Coast

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

For all real estate information, Gulf Coast Realty

Residential Home Sales for the Mississippi Gulf Coast for December 2010

Hi Everyone!

Well here are the Stats for Dec 2010 from the MS Gulf Coast MLS for residential homes in the area

Dec 2010 closed single family unit sales:   293

Dec 2010 Median Closed Price:                     $100,000

Dec 2010 Average Closed Price:                 $118,687

compared to Nov 2010:

Nov 2010 closed single family unit sales:  225

Nov 2010 Median closed price:             $110,000

Nov 2010 Average closed price:            $115,661

Well as you can see, the number of Closed homes for December is up!  More buying is going on. This is good for the coast, good for the economy.  But with the good, there is also some bad, the median price has dropped, and while the average price is up slightly,most economist feel that the median is less influenced by a very high or low price sale skewing the average.  So we are trending to more buyers, and I believe that we will see higher sales volumes in 2011 in general. I also think that even with more foreclosures coming onto the market, that we are at the bottom of the market and have been for the last few months.  If you would like any information on the state of real estate on the Mississippi Gulf Coast,call Gulf Coast Realty at 228-865-9998 or email at info@gulfCoastRealty.info  Gulf Coast Realty serves the Mississippi Gulf Coast in homes, condos, land, investments, foreclosures, commercial and multi family properties. In the cities of Biloxi, Gulfport, Ocean Springs, Long Beach, Pass Christian, D'Iberville, Diamondhead, Bay St. Louis, and St. Martin area.

Mississippi Gulf Coast Housing Stats for Nov 2010 

Hi Everyone!

Well here are the stats for Single Family homes sold on the Mississippi Gulf Coast for the month of November.

November 2010 number sold  210

Average Price  was             $114,572

Median Price was               $110,000

This compares to October of 2010 with 210 sold (Revised)

Average Price                  $126,481

Median Price was             $110,000

 I expect that November's sales will be revise slightly higher in a few weeks. This is because, not all agents report their closings in a timely manner. Last month the October record showed 195 closings  on Nov4th. It has now been revised. So our report as of Dec 6th for Novemebers will probably get a little higher in  a few weeks.  The Median price is the one used more heavily in real estate, because it doesn't show as much change from an exceptionally high or low sale. I would say that we are about the same from October into November in general.

Remember, this is for the Mississippi Gulf Coast Single Family homes. This includes homes in Gulfport, Biloxi, Ocean Springs, St. Martin, D'iberville, Gautier, Pascagoula, Long Beach, Pass Christian, Waveland, Bay St. Louis, Saucier, Wiggins, and the three counties of Harrison, Hancock & Jackson, with some data from the adjacent 3 counties included too.

If you are looking to buy or sell a home on the Mississippi Gulf Coast, please call Gulf Coast Realty at 228-865-9998 or email at Info@GulfCoastRealty.Info

Every First Tuesday of the Month Free Home Buyer's Seminar is held at Gulf Coast Realty at 2214 25th Ave in Gulfport, MS from 6:30pm to 7:30pm.  All are invited!

Oct Real Estate stats for the Mississippi Gulf Coast 

Hello Everyone!

Well here are the stats for the Mississippi Gulf Coast for the month of October according to the MS Gulf Coast MLS.

Total Single family  properties sold in October 195

Avergage Price of properties Sold in October $124,816

Median Price of properties Sold in October  $110,000

These statistics show that October was a slow month for single family properties here on the coast.

The number of homes sold in September was 241 with about the same average sales price (124,550)

and a slightly higher median price of $117,900.

The number of homes sold compared to last year in October is down quite a bit. Oct 2009 the coast recorded 322 single family properties sold with an average price of $128,651 and a median price of $124,000

Here on the coast, the number of homes sold was going up slightly each month from July until October.

Is this just a blip? We will just have to wait to see how November goes.

In the meantime, this is a GREAT time to BUY!  Interest rates and home prices are terrific, and even though the number of sales is down, the relative price has been pretty flat.   So if you ever the was a time to say this is it....THIS IS IT

Have a great week! And for anyone intererested in finding a home, contact Gulf Coast Realty to show you what is out there. We also have Free Foreclosure lists and once a month on the First Tuesday of the month at 6:30pm a Free Home Buyer's Seminar!

Every Day Do Something Positive!
I know, I know...so simplistic.   But really, we have to remind ourselves of some basic things from time to time.  I am not sure, I think it Was Jim Rohn who said, "We need to get motivated and hear inspirational things everyday"   And the antagonist to his talk was saying something like, but I have already been there and done that.  And parahprasing I believe Jim Rohn say, " yes, it's kind of like bathing, you don't just do it once, I recommend it EVERY DAY!" 

So, I am reminding myself, and some of you that today is really very special and we need to make it count and do something positive.   For our World, For our community, For our families, For our co workers, for the people we will meet today.

If we focus on that, alot of the stress of life kind of gets relieved.

HI,

My company Gulf Coast Realty offers Free Foreclosure lists to anyone that asks.  We offer a Free Home Buyer's Seminar too.  But, to really take advantage of the Foreclosures, I find that you have to be right on top of them.  The really good foreclosures that come on the market, aren't still available by the time the weekend comes.   I tell my clients, if they see something good, chances are, 20 other people are thinking the same thing.

The best thing to do, is to be on our email list that notifies you as soon as a property comes on the market.  It also tells you as soon as there is a price change on one that has been on the market awhile.

This gives you the buyer, the chance to jump on a good opportunity when it comes.  To ge a really good deal, you have to have the information presented to you as soon as possible.

If you would like to sign up for our Free Foreclosure list for the Mississippi Gulf Coast, email me

at CallGman@yahoo.com or go to our website: Http://GulfCoastRealty.info  and sign up.

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Open House 16174 Saddle Dr Gulfport, MS 39503 Sat. Oct 23 1-3pm (edit/delete)

Links Home Search Virtual Tour Photo Gallery Description This 4 bedroom home has a hardwood floors & ceramic tile floors, a formal living room, dining room, Den with Cozy Fireplace. Master Bedroom & Bath with separate shower/whirlpool tub, walk in closets, Cathedral ceilings,2 car garage, and nice privacy fenced yard. Features Bedrooms: 4 Bathrooms: 2 Parking Spaces: 4 Year Built: 2002 Subdivision: Landon Place Lot Size: 60.9x116.2 Garage Size: 2 car School District: Gulfport Square Footage: 2260 Agent Name: Gerard Maher Broker: Gulf Coast Realty MLS #: 233669 Location 16174 Saddle Dr Gulfport MS 39503 Powered by vFlyer.com vFlyer Id: 3726139

Real EState STats for Sept for the Mississippi Gulf Coast

HI,

Here are the stats for the Mississippi Gulf Coast for the month of September according to the Gulf Coast MLS.

There were 241 Residential Sales in the month of September on the MS Coast

The Average Price was $124,550 

The Median Price was $117,900

Now that is an increase over August 2010 sales in both number of sold residential properties (238 in Aug)

And an increase in  the Median & Average Price  (Median price $94,000 in Aug) (Average Price $118,782)

Now, I am not saying this is a big change, but it is a positive change.  I believe that buyers are more confident in home purchasing and that we have turned a corner probably around July of this year for the coast.   I think with the great low interest rates and the fact that we are not moving downward (although we need more months to see if it becomes a trend). I believe that this is one of the BEST times to start looking at a home.

If you need properties sent to you, or would like a foreclosure list, contact Gulf Coast Realty and we will be happy to give you the latest info. Have a great week, and Thank God for the rescue of the Chilean Miners!

Hi Everyone! 

I just wanted to let you know, that while July was a low month in terms of sales, August is better.

In fact the number of closed residential properties on the coast increased 7.2% from July

The actual number of closed residential properties went from 222 in July to 238 in August.  

However our average sales price and median sales price are still going down.

In July the Average sales price was $129,738

In July the Median  sales price was $110,000

In August the Average sales price   $118,782

In August the Median sales price     $94,000

The statistics are not a trend remember, In fact in August of the 238 home sales, 111 of them were all cash.

So investors looking to pick up foreclosures and low end property are out in force, and that is skewing the average and median price lower.

We will keep on watching our local Mississippi Gulf Coast every month so you can watch the month to month data unfolding.

This information is from the Gulf Coast MLS.  If you would like to know more, are in need of a REALTOR contact Gulf Coast Realty at 228-229-4685 or email at Info@GulfCoastRealty.Info

Gulf Coast Realty is a full service real estate company that serves the Mississippi Gulf Coast including, Gulfport, Biloxi, Ocean Springs, Pass Christian, Bay St. Louis, Long Beach, D'Iberville, St. Martin, Keesler AFB, and the Navy CB base.

Free Buyer's Seminar & Foreclosure Seminar Tuesday Sept. 7th  6:30pm-7:30pm 

Hi Everyone!

I wanted to invite anyone in the Gulfport/Biloxi area of Mississippi to a Free Buyer's Seminar & Foreclosure Seminar tonight at 6:30pm.

The seminar will show you how to obtain financing, what to look for in finding a REALTOR, how to negotiate offers, how to get down payment assistance. All about the Grant programs and Bond money that is available to first time buyers.

Also we will be talking on how to write an offer, how to write offers if its a foreclosed property and more.

Good information and a Free Foreclosure List!  For more info call Gerard at 228-229-4685 or email at CallGman@yahoo.com

Seminar is located in the Gulf Coast Realty Conference room at 2214 25th Ave in Gulfport, MS (25th Ave is the same as Highway 49-we are 2 blocks south of Pass Road across the street from the AutoZone store).  Sept. 7, from 6:30-pm to 7:30pm

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Updated statistics for the Mississippi Gulf Coast

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

Housing Stats for the Mississippi Gulf Coast are the effected by the Oil Spill? (edit/delete)

Hi Everyone,

I just did some research on our Gulf Coast MLS system to compare stats for the Mississippi Gulf Coast Area for the months of May & June from 2007 till today.

What I have seen is a downward trend in the number of homes sold for each period.

In 2007 for the time of May 1 to May 30 there was 416 properties sold,

In 2007 for the time of June 1 to June 30 there was 465 properties sold

In 2008 from May 1 to May 30 there was 280 properties sold

in 2008 from June 1 to June 30th there was 354 properties sold

in 2009 from May 1 to May 30 there was 231 properties sold

in 2009 from June 1 to June 30th there was 230 properties sold

in 2010 from May 1 to May 30th there was 291 properties sold

in 2010 from June 1 to June 30th at noon, there were 190 properties sold.

There is still time for closings to be reported today and tomorrow for today, but I don't believe we will see more than 30 or so units added to this Junes number.  So this June has really differed from years past in that it has significantly decreased in closings as compared to the month of May.

I don't know of any factors that would contribute to that decline other than the BP Oil Spill in the gulf. Interest rates and prices of homes are both low, the economy while slow, is no longer dipping lower. While the tax credit ended in April and could be one of the factors, the sales to enjoy the tax credit don't have to close until the end of June (Now that might be changing too).  I am just speculating here and not trying to pin the blame on any one cause, but I do think further investigation should be pursued.  What do you think?

Gerard Maher  Gulf Coast Realty, serving the Missisippi Gulf Coast

Hello Everyone from Gulf Coast Realty!

Here are November's housing stat's for Biloxi and N. Biloxi combined from the Gulf Coast MLS.

The number of SOLD homes/Condos in Biloxi/North Biloxi that sold in November was  25

The Median Price of homes sold was:     $129,900
The Average Price of homes sold was:    $140,648

The Median Sq. footage was      1765 sq. ft
The Average Sq footage was      1695 sq/ ft

The Average Days on Market  was 189
The Median Days on Market was    134



The Number of Available or Active homes/condos for sale in Biloxi/N. Biloxi  in November was 496
The Average List Price of Active homes/condos was $250,693
The Median List Price of Active homes/condos was  $199,650
The Average Days on Market     238
The Median Days on Market       167



In November, the number of homes/condos that went under contract according to Gulf Coast MLS (usually under reported by agents) was   6

The Average List Price for homes/condos that went under contract was
$138,199

The Median List Price for homes/condos that went under contract was
$143,950

This is the market in November for Biloxi. We will compare over time the trends and fluctuations that occur in the course of the year.

Have a Safe and Happy Holiday Everyone!

If you would like information for your area, or would like to know about values of homes to sell or purchase, contact Gulf Coast Realty at 228-865-9998 or email us at Info@GulfCoastRealty.info