*This is a Public Post*

Property is moving in Pass Christian, MS. Search of closings for the last 90 days show 28 closings ranging from $15K for a lot to $595K for a home in the Oaks of PC.

How are buyers buying in our economy? The 90 day closing breakdown showed 14 Cash transactions, 11 Conventional, and 3 FHA.

A lot on West Beach Blvd (corner lot, HWY 90) sold for $350K and measured: 100.000 X 263.000 X 98.000 X 271.000. (Incidentally, this MLS listing had no photo and little description--shoots my theory about MLS presentation:-). Interesting history--this lot was listed 5-18-05 for $649K, then withdrawn 8-6-05 (Pre-Katrina). At that time it was a residential listing. Then it was listed as closed 2-12-08, then listed as Active 2-13-08. I figure those 2 dates were reversed by data entry error.

Now, if we remove the lots and focus on single family residential we had 16 homes sold ranging from list of$55K to $595K, and closing price from $56K to $595K. The greatest recorded days on market was 478, and the least was 43 days. Financing was: 3 FHA, 2 Cash, 9 conventional.

Pending is fun to see as well. It looks like Fourth avenue is making a come back (Village on the Beach is the rebuild of Village at Henderson Point), with 6 units pending at the combined list price of $3, 134, 050. At this time there are 11 pending properties.

If you would like more specific information, contact me or any of the 2400 + members of the Gulf Coast MLS.