Coast home prices reach three-year high

MISSISSIPPI GULF COAST — The average sales price of a home in South Mississippi in June reached its highest level in three years, a sign that the Coast real estate market is following the national trend upward.

According to the Mississippi Gulf Coast Multiple Listing Service, homes and condos sold on average for $134,721 in June. That was up $8,000 from May and almost $11,000 from a year ago. The last time

South Mississippi saw that price in July 2010.

Kathy Elias, a real estate agent with Coldwell Banker Alfonso Realty in Gulfport, tells The Sun Herald people who bought a condominium in South Mississippi for $650,000 after Hurricane Katrina can’t sell it today for $200,000, and only a few lenders will finance a condo purchase.

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

FOLLOW THE MBJ ON TWITTER

Top Posts & Pages

%d bloggers like this: