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

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

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!