Northwest MS Foreclosure Market Report - August 2009

By
Real Estate Agent with Bob Leigh & Assoc., LLC

Northwest MS Foreclosure Market Report - August 2009
by Pam Simpson
The Kudzu Vine

I have been charting the foreclosure market in Northwest MS for a number of years now and keep up with the numbers on a weekly basis.  The week ending Friday, August 21, 2009 saw 19 new foreclosures hitting the market.  That same week, there were only 6 price reductions of foreclosures already on the market and 11 foreclosures went under contract.

Here is a chart that shows the Northwest MS foreclosure activity since January of 2009.  The blue line represents the new foreclosures added each week and the red line represents the foreclosures that went under contract that week:

Northwest MS Foreclosure Activity

 

Currently, the foreclosure market makes up about 7% of ALL active residential listings in Northwest MS.  However, the foreclosure market makes up about 24.5% of all SOLD residential properties in the same area.

Here is a chart showing the breakdown of foreclosures by community:

Foreclosures by Community

Olive Branch MS has the highest number of foreclosures at 38.

Previous Northwest MS Foreclosure Report

Olive Branch MS Market Report

Hernando MS Market Report

Tate County MS Market Report
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About the author:   Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS.  Copyright©  2009 by Pam Simpson.  All rights reserved...***Northwest MS Foreclosure Market Report - August 2009***

FOR BUYERS:  Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates

FOR SELLERS:  Pricing, Selling Tips   

LOCAL COMMUNITY INFO:  Tate County Community, Memphis Community, Southaven Community, Hernando Community

MARKET REPORTS:  Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report

REALTOR STUFF:  NAR, Real Estate and Media, Real Estate Agents

OTHER:  Rural Life, Breast Cancer Awareness, Angel Food Ministries, Property Rights, Auctions

 Disclaimer:  All information provided by this author may be  based on information collected from several sources and is believed accurate but not guaranteed.

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Rainmaker
918,218
Ann Hayden
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Chesterfield, MO
SelectAnn.com

Pam,

Those are some awesome charts and graphs.

Ann

Aug 22, 2009 05:39 AM #1
Rainmaker
116,152
Pam Simpson
Bob Leigh & Assoc., LLC - Senatobia, MS
GRI, Broker-Assoc.

Thanks Ann.  I use google docs as an easy way to post these to AR.

Aug 24, 2009 12:34 PM #2
Rainmaker
918,218
Ann Hayden
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Chesterfield, MO
SelectAnn.com

Pam,

Thanks for the info.  I will have to check Google docs out. 

Ann

Aug 28, 2009 03:38 PM #3
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Rainmaker
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Pam Simpson

GRI, Broker-Assoc.
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