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