Gerard Gulf Coast Blog

Hi Everyone!

Here is what has been happening for home sales on the Mississippi Gulf Coast.

The  number of Single Family units that SOLD  March 2012:      286

The Average SOLD price:                                                    $112,740

The Median SOLD price:                                                      $86,763

This compares to Feb. 2012

The number of Single Family units that SOLD Feb 2012           251

The Average Sold Price:                                                     $111,682

The Median Sold Price:                                                       $95,000

And compares with a year ago March 2011

The number of Single Family units that SOLD Mar. 2011          299

The Average Sold Price:                                                    $113,745

The Median Sold Price:                                                      $95,000

So home sales are up since Feb, but the price of homes has mixed results. And compared to last year in Mar. Both the number of home sales and price have fallen.   We are still getting alot of foreclosures being sold on the market. With investors buying up low priced homes. In fact, out of the 286 homes that sold in March, 127 of them were all cash! That's over 44% of the homes purchased last month.

If you would like more information on Local sales in your area of the Mississippi Gulf Coast, call or email Gulf Coast Realty for a neighborhood look at your area.  Gulf Coast Realty serves the Mississippi Gulf Coast from Hancock to Jackson counties, including the cities of Biloxi, Gulfport, Ocean Springs, Bay St. Louis, Waveland, Diamondhead, Pass Christian, Long Beach, D'Iberville, St. Martin area, Gautier, Vancleave and Keesler AFB, and the Navy CB Base.

Housing Stats for Feb. 2012:

Number of Homes SOLD:                    251

Median Sold price:                          $95,000

Average SOLD price:                      $111,682

As compared to  Jan 2012:

Number of Homes SOLD:                   206

Median Sold Price:                         $91,951

Average Sold Price:                      $104,417

And compared to year ago Feb 2011

Number of Home SOLD                   198

Median Sold price:                      $97,000

Average Sold Price:                    $111,123

So as you can see, Feb 2012 has more homes sold than the month before and more homes sold than the previous year in February.  It also for the most part has had higher prices for the sales. This a very positive month for housing here on the coast.  Locally we had a great February and Nationally the housing new has been good as well.

If you would like housing information for your neighborhood on the Gulf Coast, call Gerard with Gulf Coast Realtyat 228-229-4685 or email at CallGman1@gmail.com

Gulf Coast Realty full service real estate for the Mississippi Gulf Coast including Biloxi, Ocean Springs, Gulfport, Diamondhead, St. Martin, D'Iberville, Bay St Louis, Waveland, Pass Christian, Long Beach and Gautier.  We also proudly serve the members of the military at Keesler AFB and the Navy CB base.

Here are the Home Sale stats for the Mississippi Gulf Coast

For Jan.2012 The Total Homes SOLD                    206

Median Sold Price:                                        $91,951

Average Sold Price:                                      $104,417

This compares to Dec. 2011 Homes Sold:           295

Median Sold Price:                                        $120,000

Average Price:                                             $123,906

And for Jan 2011 the Total Homes Sold:          180

Median Sold Price                                         $98,250

Average Sold Price:                                      $114,146

So Jan 2012 is down in number of sold homes from Dec but up from the Jan a year earlier.  However,

The Median and Average price are down both  from the month before and the year before.  This information is collected by the Mississippi Gulf Coast Multiple Listing Service.

For information on stats in your neighborhood, or to find out more about what is going on in real estate in your neighborhood, contact Gulf Coast Realty  228-229-4685 or email Callgman1@yahoo.com

Gulf Coast Realty serves the Mississippi Gulf Coast, including Biloxi, Ocean Springs, Gulfport, Waveand, Bay St. Louis, Diamondhead, Pass Christian, Long Beach, D'Iberville, St. Martin and Gautier.  Also serving the members of the armed forces at Keesler AFB and the Navy CB base

Okay Everyone,

Here is what happened on the Mississippi Gulf Coast in Home sales for the month of December 2011

Number of Homes SOLD                 295

Average SOLD Price                  $123,906

Median SOLD Price                   $120,000

This compares with Nov 2011 homes stats:

Number of Homes SOLD              276

Average SOLD Price                $116,733

Median SOLD Price                 $100,000

And as compared to a year ago in December 2010:

Number of Homes SOLD             293

Average SOLD Price                $118,687

Median SOLD Price                 $100,000

So compared to the month before December was better than November in every way, both in sales volume and average and median price.  Compared to a year ago, December was about the same in number of homes sold (+2) but up in terms of average and median price.   Positive news for the Mississippi Gulf Coast

These statistics come from the MS Gulf Coast Multiple Listing Service and are compiled by Gulf Coast Realty by Gerard Maher.  If you would like to know how your individual neighborhood is doing on the Mississippi Gulf Coast, contact Gerard at 228-229-4685 or email at CallGman@yahoo.com

Gulf Coast Realty is a full service real estate company serving the Mississippi Gulf Coast, including the cities of Biloxi, Ocean Springs, Gulfport, D'Iberville, St. Martin, Long Beach, Pass Christian, Bay St. Louis, Diamondhead, Waveland and both the military bases, Keesler AFB and the Navy CB Base.

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!

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

I highly recommend that all REALTORS use Docusing as much as possible in their real estate transactions.  It makes file keeping orderly, it makes getting signatures from buyers or sellers simple, and it keeps neat clean readable copies always available.  If you do not have Docusign, try it now since it is FREE!

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.

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 was 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 Http://GulfCoastRealty.Info