market report: Tate County MS Real Estate Market Report - July 2009 - 08/07/09 05:56 AM
Tate County MS Real Estate Market Report - July 2009by Pam SimpsonThe Kudzu Vine
There were 17 residential properties that sold in the month of July.  The average sales price was $117,967 and the average days on the market for those sold properties was 263. 
29% of the July sales were forecosures.
Here are the comparisions to last month and last year:
June 2009sold:  11          Avg $115,695          Avg DOM  154
July 2008sold:  19          Avg $113,690          Avg DOM  178
Here is a chart showing where the July sales were located:

Currently, there are 187 active residential listings in Tate County MS.  … (0 comments)

market report: Hernando MS Real Estate Market Report - June 2009 - 07/07/09 02:50 AM
Hernando MS Real Estate Market Report - June 2009by Pam SimpsonThe Kudzu Vine
There were 17 reported sales in Hernando MS for the month of June with an average sales price of $139,470 and an average days on the market of 173.  The percentage of sales that were foreclosures (REO, HUD, etc) was 24%.
The Hernando MS neighborhood that saw the most sales activity was Edgewater.
Here are the number comparisons for last month and last year:
May 2009Sold:  21          Avg $201,046          Avg DOM:  125
June 2008Sold:  35          Avg $192,214          Avg DOM:  130
There are 246 Active residential listings in Hernando … (0 comments)

market report: Olive Branch MS Real Estate Market Report - June 2009 - 07/07/09 02:29 AM
Olive Branch MS Real Estate Market Report - June 2009by Pam SimpsonThe Kudzu Vine
There were 59 reported sales in the city of Olive Branch MS for the month of June which is the exact number reported for the month of May.  The average sales price was up to $196,870 and the average days on the market was 128.
The percentage of sales in June that were foreclosures was a whopping 41%.
Here are the numbers for last month and last year:
May 2009Sold:  59          Avg $178,769          Avg DOM:  154
June 2008Sold:  75          Avg $180,423          Avg DOM:  120
The 3 Olive … (0 comments)

market report: Tate County MS Real Estate Market Report - June 2009 - 07/07/09 02:06 AM
Tate County MS Real Estate Market Report - June 2009by Pam SimpsonThe Kudzu Vine
There were only 11 reported sales in Tate County MS for the month of June.  I believe this number may be somewhat in error due to slow reporting of sales in the local MLS.  The average sales price was $115,695 and the average days on the market for the sold properties was 154 days.
Of the reported properties that sold in the month of June, 36% were foreclosure sales (REO, HUD, etc.).
Here are the corresponding figures for last month and last year:
May 2009Sold:  13          Avg … (0 comments)

market report: Olive Branch MS Real Estate Market Report - May 2009 - 06/09/09 02:28 AM
Olive Branch MS Real Estate Market Report - May 2009by Pam SimpsonThe Kudzu Vine
The month of May saw 59 residential sales in the Olive Branch zip code (38654).  The average sales price was $178,769 and the average days on the market was 154.
The 3 areas that had the most sales activity were Hamilton Place, Plantation Lakes, and Windstone.
The percentage of those 59 sales that were foreclosures was 27%.
Here is the same data for last month and last year.
April 2009Sales:  39          Avg. $195,492          Avg. DOM 154
May 2008Sales:  87         Avg. $207,865          Avg. DOM  155
There are currently … (0 comments)

market report: Hernando MS Real Estate Market Report - May 2009 - 06/09/09 02:27 AM
Hernando MS Real Estate Market Report - May 2009by Pam SimpsonThe Kudzu Vine
The capital of Desoto County, MS had 21 residential listings sold in the month of May, 2009 with an average sales price of $201,046 and an average days on the market of 125.

The percentage of those 21 homes that sold in May that were foreclosures was 19%.
The areas that saw the most sales in Hernando was Notting Hill and Fairway Woods.
Here are the sales numbers for last month and 1 year ago:
April 2009Sales:  31         Avg $160,741         Avg DOM  104
May 2008Sales:  30         Avg … (0 comments)

market report: Tate County MS Real Estate Market Report - May 2009 - 06/09/09 02:25 AM
Tate County MS Real Estate Market Report - May 2009by Pam SimpsonThe Kudzu Vine
Tate County MS had 13 residential sales in the month of May.  The average sales price was $121,290 and the average days on the market was 200.  The percentage of the sales in May that were foreclosures was 38%.
Here are the sales numbers for last month and one year ago:
April 2009Sales:  18         Avg. $174,108         Avg DOM  109
May 2008Sales:  16         Avg. $146,004         Avg DOM  87
Here is a graph that shows the sales breakdown in Tate County by area:
There are currently 160 active residential … (0 comments)

market report: Olive Branch MS Market Report April 2009 - 05/05/09 07:15 AM
Olive Branch MS Market Report April 2009by Pam SimpsonThe Kudzu Vine
There were 39 reported residential sales for the month of April in Olive Branch.  The average sales price was $195,492 and the average days on the market was 157.

Foreclosure made up 28% of the sold homes for Olive Branch MS in April.  Here is how the numbers compare with last month and April of last year:
March 2009Sold:  53          Avg. $ 177,576          Avg. DOM 137
April 2008Sold:  73          Avg. $ 185,099          Avg. DOM 140
The neighborhood with the most sales was Magnolia Estates.
Currently, there are 571 active … (0 comments)

market report: Hernando MS Market Report April 2009 - 05/05/09 06:55 AM
Hernando MS Market Report April 2009by Pam SimpsonThe Kudzu Vine
There were 31 residential listings that sold in April with an average sales price of $160,741.  The average days on the market was 104.  Foreclosure sales made up 28% of April's sales in Hernando MS.
Here is how the numbers compare with last month and April of last year:
March 2009Sold:  18          Avg. $146,275          Avg. DOM 114
April 2008Sold:  37          Avg. $206,976          Avg. DOM 161
The neighborhoods with the most sales in April were Lake of the Hills in the west part of Hernando, Notting Hill and Northwood Hills.
 
There … (0 comments)

market report: Tate County MS Market Report April 2009 - 05/05/09 06:31 AM
Tate County MS Market Report April 2009by Pam SimpsonThe Kudzu Vine

There were 18 residential properties that sold in Tate County MS in April.  The average sales price was $174,108 with the average days on the market of 109.
The average sales price is up significanly from last month due to a couple of homes that sold with acreage.  A whopping 55% of the homes that sold in April were foreclosures.
Here's how the April numbers stack up to last month and April of last year:
March 2009Sold:  12          Avg. $107,742          Avg. DOM 126
April 2008Sold:  17          Avg. $136,921          Avg. … (0 comments)

market report: Hernando MS Real Estate Market Report - March 2009 - 04/10/09 06:16 AM
Hernando MS Real Estate Market Report - March 2009by Pam SimpsonThe Kudzu Vine
Hernando MS (the county seat of Desoto County MS) saw 18 residential sales in March with an average price of $146,275 and average days on the market of 114.  Here are the comparisons for last month and March of 2008:
Feb. 2009Sales  19     Avg $163,219     Avg DOM  144
March 2008Sales  36     Avg $186,843     Avg DOM  116
The sales were not concentrated in any one specific area but were spread evenly throughout Hernando.
**Note:  44% of the homes that sold in Hernando in March were foreclosure sales.
There are currently 268 active residential listings in … (0 comments)

market report: Olive Branch MS Real Estate Market Report - March 2009 - 04/10/09 06:01 AM
Olive Branch MS Real Estate Market Report - March 2009by Pam SimpsonThe Kudzu Vine
Olive Branch MS saw 53 residential sales in March with an average price of $177,576 and average days on the market of 137.  Here are the comparisons for last month and March of 2008:
Feb. 2009Sales  51     Avg $179,403     Avg DOM  119
March 2008Sales  63     Avg $181,765     Avg DOM  124
The area with the most sales was the Plantation Lakes / Henry's Plantation areas in north Olive Branch.
**Note:  51% of the homes that sold in Olive Branch in March were foreclosure sales.
There are currently 601 … (0 comments)

market report: Tate County MS Real Estate Market Report - March 2009 - 04/10/09 05:35 AM
Tate County MS Real Estate Market Reportby Pam SimpsonThe Kudzu Vine
Here's how the numbers look for March 2009 -
There were 12 residential sales in Tate County, MS with an average sales price of $107,742.  The average Days On Market for these sold properties was 126.  3 of those sales were foreclosures (25%).
Here are the same numbers from last month and March of last year:
Feb 2009Sales:  15     Avg $124,987    Avg DOM 70March 2008Sales:  10    Avg $112,700    Avg DOM 79
Here is a graph showing where most of the sales were located:

Currently, there are 176 Active residential listings … (1 comments)

market report: Northwest Mississippi Foreclosure Market Report - March 2009 - 03/07/09 09:52 AM
Northwest Mississippi Foreclosure Market Reportby Pam SimpsonThe Kudzu Vine
Desoto County MSTate County MSPanola County MSMarshall County MS
For the week ending 3/6/2009, there were 19 foreclosures added to the Northwest MS MLS.  There were 24 price reductions in existing foreclosures and 19 went under contract.
Here is a chart showing the Foreclosure Activity in the 4-county area since March of 2008:

About 6.9% of the active listings in the Northwest MS market are foreclosures (including HUDs, REO, VA, Fannie Mae).  That is a drop from 8.2% back in January.  Here is a breakdown of the foreclosure market by community:

Olive … (0 comments)

market report: Olive Branch MS Real Estate Market Report - Feb 2009 - 03/03/09 10:54 AM
Olive Branch MS Real Estate Market Report - Feb 2009by Pam SimpsonThe Kudzu Vine
Olive Branch saw 51 sold residential properties for the month of February with an average sales price of $179,403 and an average days on market of 119.  Both the average sales price and the average DOM increased from the previous month.
January 2009     Sold: 29    Avg. $175,280     Avg. DOM  115February 2008    Sold: 59    Avg. $189,728     Avg. DOM  100
The neighborhoods with the most sales activity were Lees Crossing and Robinson Crossing.
There are 617 Active residential listings in Olive Branch which represents a 14.6 month supply of inventory based on a 90-day … (0 comments)

market report: Tate County MS Real Estate Market Report - Feb 2009 - 03/03/09 10:41 AM
Tate County MS Real Estate Market Report - Feb 2009by Pam SimpsonThe Kudzu Vine
Tate County MS saw 15 sold residential properties for the month of February with an average sales price of $124,987 and an average days on market of 70.  Both the average sales price and the average DOM dropped from the previous month.
January 2009   Sold: 7     Avg. $125,986     Avg. DOM   120February 2008  Sold:  17  Avg. $117,659    Avg. DOM  187
Here is a graph showing a breakdown of the location of the sold properties:

There are 174 Active residential listings in Tate County which represents a 14.1 month supply of inventory based … (0 comments)

market report: Hernando MS Real Estate Market Report - Feb 2009 - 03/03/09 10:06 AM
Hernando MS Real Estate Market Report - Feb 2009by Pam SimpsonThe Kudzu Vine
Hernando saw 19 sold residential properties for the month of February with an average sales price of $163,219 and an average days on market of 144.  Both the average sales price and the average DOM dropped from the previous month.
January 2009    Sold:  7    Avg. $213,657     Avg. DOM  250February 2008   Sold: 24   Avg. $203,908     Avg. DOM  171
The neighborhood with the most sales was Edgewater.
There are 274 Active residential listings in Hernando which represents a 20 month supply of inventory based on a 90-day average for sales.  … (0 comments)

market report: Olive Branch MS Market Report - Jan 2009 - 02/05/09 01:12 PM
Olive Branch MS Market Report - Jan 2009by Pam SimpsonThe Kudzu Vine
I do so much business in Olive Branch that I decided to start doing Market Reports for this area like I do for Hernando MS and Tate County MS.  This is my first market report for Olive Branch MS.
There were 29 residential sales in Olive Branch for the month of January 2009.  The average sales price was $175,280 and the average days on market (DOM) was 115.
The neighborhoods which saw the most activity were Lexington Crossing, Creekside Estates, and Hunters Ridge.
There are currently 628 Active residential … (6 comments)

market report: Hernando MS Market Report - Jan 2009 - 02/05/09 12:59 PM
Hernando MS Market Report - Jan 2009by Pam SimpsonThe Kudzu Vine
January saw 7 sold residential transactions in Hernando MS.  The average sales price increased to $213,657 but the average days on market (DOM) also increased to 250.
Here are the comparisons to last month/last year:
Dec 2008     15 sold     Avg $187,828     DOM 90Jan 2008     13 sold     Avg $213,896     DOM 174
The January 2009 sales for Hernando were spread across the city and were not concentrated in any particular area.
There are 266 Active residential listings in Hernando MS.  Using a 90-day average, that represents a 22.2 month supply of inventory.  … (0 comments)

market report: Tate County MS Real Estate Market Report - Jan 2009 - 02/05/09 12:45 PM
Tate County MS Real Estate Market Report - Jan 2009by Pam SimpsonThe Kudzu Vine
There were only 7 closed residential sales in Tate County for the first month of 2009.  The average sales price was up a little over last month to $125,986.  The average days on market (DOM) for those sold properties dropped dramatically over December 2008 number to 120 days.
Comparisons for last month/last year:
Dec 2008     15 sold     Avg $124,553     DOM 220Jan 2007     14 sold     Avg $136,971     DOM 165
Here is a graph that breaks down the sales by area:

There are currently 181 Active residential listings … (0 comments)

 
Pam Simpson, GRI, Broker-Assoc. (Bob Leigh & Assoc., LLC)

Pam Simpson

GRI, Broker-Assoc.

Senatobia, MS

More about me…

Bob Leigh & Assoc., LLC

Office: (662) 449-3530

Fax: (662) 449-3531

Senatobia real estate, Tate County real estate, Hernando real estate, Desoto county real estate, HUD Homes, REO


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