Home Sales for the Mississippi Gulf Coast March 2011

By
Real Estate Agent with Coldwell Banker Alfons Realty

Hi Everyone!

 

Well here is the news for the Mississippi Gulf Coast for Single Family Units according to the  Gulf Coast MLS.

For March 2011 the number of SOLD homes was:           278

For February 2011 the number of SOLD homes was:       186

For March 2010 the nuber of SOLD homes was:              281

 

Median Price for March 2011:                               $96,550

Median Price for Feb. 2011:                                 $96,500

Average Price for March 2011:                             $112,809

Average Price for Feb. 2011:                               $108,745

Median Price for March 2010:                              $125,000

Average Price for March 2010:                             $129,659

 

As you can see, HOME SALES have increased since Feb. of this year, and are about the same as March of last year.  Also the Median and Average Price are pretty much the same from Feb. to March of this year, but are much lower than they were a year ago.  Out of the 278 Sold homes in March 2011, 107 were ALL CASH deals.  This leads me to speculate, that there is alot of lower priced homes selling to investors because of the Foreclosure market.  I don't see us sinking, but rather just holding steady.  So we have about the same amount of sales as last year in March, and we have increased in the number of Home SOLD since Feb.   So buyers are coming back to the market.

For more info on housing on the Mississippi Gulf Coast, contact Gerard Maher at 228-229-4685 or email CallGman@yahoo.com or stop in at Gulf Coast Realty at 2214 25th Ave in Gulfport, MS 39501

Gulf Coast Realty serving the Mississippi Gulf Coast in Homes, Condos, Land, Investments, Foreclosures, Commercial, mutli family. 

 

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Gerard Maher

CRS Ocean Springs, MS
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