olive branch: Olive Branch MS Real Estate Market Report - March 2011 - 04/21/11 09:22 PM
Olive Branch MS Real Estate Market Report - March 2011
Olive Branch MS is experiencing a steady housing inventory level.  The absorption rate (the amount of time it would take to sell all of the existing homes on the market if they sold at the current rate) remains at a high of 10.8 months.  There are currently 419 homes for sale in Olive Branch MS with a:
low price $25,000 high price $699,900 median price $185,000
There were 48 homes sold in Olive Branch MS during the month of March 2011.  The average sales price was $178,064 and the average days on … (0 comments)

olive branch: Olive Branch MS Real Estate Market Report - February 2011 - 04/21/11 08:52 PM
Olive Branch Real Estate Market Report - February 2011
Olive Branch MS experienced a rebound in both number of sales and average sales price in February over January of 2011.  Our unusually high amount of winter precipitation may have played a roll in the number of home sales not reaching the number sold in February of last year (40); however, the average sales price saw an increase of over $10,000.  Olive Branch MS had 38 sales in February 2011 with an average sales price of $177,438 and average days on the market of 101.

Here is how the numbers compare to last month and … (0 comments)

olive branch: Olive Branch Real Estate Market Report - January 2011 - 02/17/11 07:16 PM
Olive Branch Real Estate Market Report - January 2011
All three of the markets that I report on (Olive Branch, Hernando and Tate County) lost ground in January.  Olive Branch MS had 30 sales in January with an average sales price of $159,284 and average days on the market of 113.

Here is how the numbers compare to last month and same time last year:
December 2010sales     45     Avg $164,876     Avg DOM  90
January 2010sales     41     Avg $180,206     Avg DOM  157
I have analyzed the 30 sales to find out how many were "distressed" sales (foreclosures and short sales) and to … (0 comments)

olive branch: Olive Branch MS Real Estate Market Report - December 2010 - 01/14/11 02:40 PM
Olive Branch MS Real Estate Market Report - December 2010
 Currently, there are 415 homes for sale in Olive Branch MS.
Low list price $31,500 High list price $695,000 Median list price $179,900 Based on the sales figures for the last quarter of 2010, there is a 9.4 month supply of homes for sale in Olive Branch MS.  Unlike Hernando MS with rather steady rates, absorption rates for Olive Branch have been a roller coaster.  Foreclosures make up about 9% of the available homes for sale.
 


December sales up slightly from the previous month in Olive Branch MS to 45 homes with an average sales price of $164,876 … (1 comments)

olive branch: Olive Branch MS Real Estate Sales Report - October 2010 - 11/15/10 11:49 AM
Olive Branch MS Real Estate Sales Report - October 2010
Olive Branch MS currently has 481 homes for sale.
low price $20,500 high price $695,000 median price $180,000 Foreclosures make up 8.5% of the available homes for sale in Olive Branch MS.
Using an average of the number of sales from the past 3 months, Olive Branch MS has a 10.2 month supply of homes for sale.  As you can see from the graph below, that is the highest level since March.

There were 44 homes that sold in Olive Branch MS in the month of October.  The average sales … (2 comments)

olive branch: Olive Branch MS Real Estate Market Report - September 2010 - 10/07/10 09:44 PM
Olive Branch MS Real Estate Market Report - September 2010
Olive Branch MS is still experiencing an increase in the housing inventory levels.  There are currently 492 homes for sale in Olive Branch MS with a:
low price $25,000 high price $695,000 median price $189,900
There were 39 homes sold in Olive Branch MS during the month of September 2010.  This is a 30% drop in sales from the previous month.  The average sales price was up to $186,657 and the average days on the market was 97.  Here are comparisions for last month and the same time last year:
August 2010sales:  59     Avg. sales … (0 comments)

olive branch: Olive Branch MS Real Estate Market Report - August 2010 - 09/07/10 02:29 PM
Olive Branch MS Real Estate Market Report - August 2010
Olive Branch MS is experiencing an increase in the housing inventory levels.  There are currently 464 homes for sale in Olive Branch MS with a:
low price $25,000 high price $695,000 median price $189,900
There were 59 homes sold in Olive Branch MS during the month of August 2010.  The average sales price was $179,221 and the average days on the market was 90.  Here are comparisions for last month and the same time last year:
July 2010sales:  55     Avg. sales price $190,573     Avg DOM:  155
August 2009sales:  62     Avg. … (2 comments)

olive branch: Olive Branch MS HUD Home in Fox Creek - 09/03/10 10:30 PM
Olive Branch MS HUD Home in Fox Creek
 ******** S O L D ******************
Call or email for a list of HUD homes and foreclosures!

Looking for a large home in Center Hill School district without spending a large amount? 
This HUD Home in Fox Creek Subdivision has 4 bedrooms, 3 bathrooms and is listed at over 3,000 square feet.  Priced at only $123,500, this home is offered with FHA financing with an escrow for repairs.
 
The deadline to place a bid on this HUD HOME in Fox Creek is 9/12/10.  You must be pre-qualified for a loan … (0 comments)

olive branch: HUD Home in Magnolia Lakes Neighborhood of Olive Branch MS - 09/03/10 10:02 PM
HUD Home in Magnolia Lakes Neighborhood of Olive Branch MS
****************S O L D *******************
Call or email for a list of HUD homes and foreclosures!

Looking for a 3 bedroom, 2 bath home in Olive Branch MS but don't have a lot of $dough$ to spend?  How about this HUD Home priced at $53,000.
With a little elbow grease and TLC, this could be a your next home.  This home, near Olive Branch Old Towne, is offered with FHA financing with an escrow for repairs. 
 
 
 
The deadline to bid on this home is 9/12/10. 
 
In order to … (0 comments)

olive branch: Olive Branch MS HUD Home in Creekside Subdivision - 09/03/10 09:45 PM
Olive Branch MS HUD Home in Creekside Subdivision******s o l d****
Call or email for a list of HUD homes and foreclosures!

Yes...this is a HUD Home for sale in Creekside Subdivision in Olive Branch MS.  This 4 bedroom, 2 bath home in award winning Lewisburg School District is priced at $209,000.  This stunning home sits on 3/4 acre lot.  Built in 2008, this home looks barely lived in. 

From the brick and stacked stone arched entrance to the nail-down hardwood floors and formal dining room with treyed ceilings, you will love the attention to detail in this home.

 
(0 comments)

olive branch: Olive Branch MS Real Estate Market Report - July 2010 - 08/07/10 01:23 PM
Olive Branch MS Real Estate Market Report - July 2010
The numbers for the real estate market in Olive Branch MS are mixed.  While there was a decrease in the number of homes sold in July, the average sales price increased.  There were 55 residential sales in Olive Branch MS with an average sales price of $190,573 and an average days on the market of 155.
Here are the numbers for last month and July of last year:
June 2010sales:  67       avg $175,126     avg DOM  105
July 2009sales:  64     avg $164,865     avg DOM  124

I have broken down the July … (0 comments)

olive branch: Olive Branch MS Real Estate Market Report - June 2010 - 07/09/10 03:44 PM
Olive Branch MS Real Estate Market Report - June 2010
Olive Branch MS saw a slight decline in both number of homes sold and average sales price for the month of June compared with the previous month.  There were 67 homes sold in June with an average sales price of $175,126 and an average days on the market of 105.
Here is a comparison to the same numbers from last month and one year ago:
May 2010sales:  77     avg $177,375     avg DOM  123
June 2009sales:  85     avg $178,743     avg DOM  126

Here is how the June 2010 real estate sales … (0 comments)

olive branch: Olive Branch MS Real Estate Market Report - March 2010 - 04/09/10 11:38 AM
Olive Branch MS Real Estate Market Report - March 2010
Olive Branch MS almost doubled their sales over last month.  There were 63 sales in March with an average sales price of $180,660 and an average days on the market of 121.
Here is the comparision to last month and same time last year:
February 2010sales:  32          Avg. $163,246          Avg DOM  116
March 2009sales:  54          Avg. $179,952          Avg DOM  145



As you can see, distressed sales (foreclosures and short sales) made up about 1/2 of all residential home sales in Olive Branch MS last month.  Homes priced under … (0 comments)

olive branch: Olive Branch MS HUD Home - 6339 Oak Run Dr. W. - 03/03/10 07:12 AM
Olive Branch MS HUD Home - 6339 Oak Run Dr. W.
***SOLD***

3 bedroom, 2 bath HUD Home in Magnolia Lakes SubdivisionSplit bedroom plan, storm doors on front and back, large backyard.
$70,000 - Offered with FHA insured financing with escrow for repairs.
*************************************************************************************
About the author:   Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS.  Copyright©  2010 by Pam Simpson.  All rights reserved.

FOR BUYERS:  Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates, First Time Homebuyer Guide
FOR SELLERS:  Pricing, Selling Tips   
LOCAL COMMUNITY INFO:  Tate County Community, Memphis … (1 comments)

olive branch: Olive Branch MS HUD Home - 5804 Lancaster - 03/02/10 07:27 PM
Olive Branch MS HUD Home - 5804 Lancaster
***SOLD***

 
3 bedroom, 2.5 bath home in Lexington Crossing subdivision.
Bonus Room with closetSeparate Dining Room plus eat-in kitchenGas Fireplace
$114,500offered with FHA insured financing with escrow for repairs
 
 
 

*************************************************************************************About the author:   Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS.  Copyright©  2010 by Pam Simpson.  All rights reserved.
FOR BUYERS:  Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates, First Time Homebuyer Guide
FOR SELLERS:  Pricing, Selling Tips   
LOCAL COMMUNITY INFO:  Tate County Community, Memphis Community, Southaven Community, … (4 comments)

olive branch: Olive Branch MS HUD Homes For Sale - 12/18/09 10:23 PM
Olive Branch MS HUD Homes For Saleby Pam SimpsonThe Kudzu Vine

 
 
8704 Bell ForestOlive Branch MS$127,0003 bedrooms, 2 bath
FHA with Repair Escrow offered
$100 down available for owner-occupants
BID DEADLINE:  12/27/2009
 
 
  
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^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...***Olive Branch MS HUD Homes For Sale***
FOR BUYERS:  Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates, First Time Homebuyer Guide
FOR SELLERS:  Pricing, Selling Tips   
LOCAL COMMUNITY INFO:  Tate County Community, Memphis Community, … (4 comments)

olive branch: Olive Branch MS Real Estate Market Report - May 2009 - 06/09/09 09:28 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)

olive branch: Olive Branch MS Market Report April 2009 - 05/05/09 02:15 PM
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)

olive branch: Olive Branch MS Real Estate Market Report - March 2009 - 04/10/09 01:01 PM
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)

olive branch: Olive Branch MS Real Estate Market Report - Feb 2009 - 03/03/09 06:54 PM
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)

 
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Pam Simpson

GRI, Broker-Assoc.

Senatobia, MS

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Bob Leigh & Assoc., LLC

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