Sales Stats for April for the Mississippi Gulf Coast

By
Real Estate Agent with Coldwell Banker Alfons Realty

Hello Everyone!

Well here are the results of home & Condo sales for the Mississippi Gulf Coast for April 2011 according to the Gulf Coast MLS.

April 2011  Total Homes Sold       258

Median price                              $95,500

Average price                          $111,710

This compares to Mar 2011

Total Homes Sold                  299

Median price                     $95,000

Average Price                    $113,745

 

And compared to April 2010

Total Homes sold               300

Median Price                 $119,500

Average Price                $126,284

 

So as you can see, we are down from last month and last year this time.  More buyers are out there coming in our door, but the contract times for foreclosures and short sales ranges from 2 weeks longer to close to 6 months longer.  Out of the 258 sold homes in April 104 were all Cash deals, leading me to believe that investors and buyers are still heavily going for the lower end market deals from foreclosures and that is bringing the median and average price dollars down.  

Even though this report is lower than last month, I am optimistic that the buyers are back and we are headed in an upward trend.

If you would like more informtion on buying or selling a home, or stat for the Mississippi Coast for a particular market or price range, call Gerard at 228-229-4685 or email me at CallGman@yahoo.com

Gulf Coast Realty is a full service real estate serving the Mississippi Gulf Coast

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Topic:
ActiveRain Community
Location:
Mississippi Harrison County
Tags:
mississippi gulf coast
real estate
mississippi gulf coast housing stats
gulfport real estate
biloxi real estate
gulf coast realty

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Gerard Maher

CRS Ocean Springs, MS
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