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.