Biloxi, Ocean Springs and Gulfport Mississippi real estate listings, home buying, selling and military and corporate relocation information.
Mississippi Gulf Coast Featured Listings
Search Properties in the Mississippi Gulf Coast
Mississippi Gulf Coast Condos For Sale
Mississippi Gulf Coast Listings By Email
Ocean Springs Real Estate - Homes For Sale | Mississippi Realtor
Biloxi Real Estate - Homes For Sale | Mississippi Realtor
D'Iberville Real Estate - Homes For Sale | Mississippi Realtor
Gulfport Real Estate - Homes For Sale | Mississippi Realtor
Search Mississippi Gulf Coast Neighborhoods Homes For Sale
Buying Mississippi Gulf Coast Homes for Sale
Looking to Sell Your Mississippi Gulf Coast Home?
Al and Dee Allegue, Mississippi Gulf Coast Realtors
Use Our Moving Truck For Relocation To The Mississippi Gulf Coast
The Al & Dee Real Estate Team's Community Involvement
The Al & Dee Real Estate Team's Preferred Providers
Contact The Al & Dee Allegue Real Estate Team
Careers

Real Estate Blog
Friday, 24 July 2009

July 2009 Real Estate Market Condition Report


    Our Biloxi, Ocean Springs and Gulfport real estate market and homes for sale showed a sligth improvement over last month.  This is good news for home sellers as it means that homes are selling faster and for more money than previous months. It's also great news for home buyers as intereset rates continue to be below what we've seen in the past.

Here is a brake down:

In July 2009 the majority of the homes sold, twenty of them, where 3 bedrooms and with a sales price between $120,000 and $139,000. In the same time period, there were only five homes sold having 4 bedrooms with the same price range.  Compared with June 2009 and July 2008, homes sales are considerable less. Overall, on the Mississippi Gulf Coast, there were seventy five homes sold with 3 bedrooms and thirty eight homes sold with 4 bedrooms. The majority of the homes for sale, ninety two, where priced between $120,000 and $139,000, followed by fifty four homes priced between $140,000 and $159,000. With these current numbers we recommend home sellers in these two price ranges, to adjust the price of their homes in the high $130's. Overflowing into the $140,000 price range will reduce your chances of selling by almost 50%.

Looking at specific cities such as Ocean Springs, Biloxi, d'Iberville and North Guflport, the numbers paint a different rosie picture:  

Summary of Sales Activities for MS Gulf Coast Communities
 

Sold July 09

Sold June 09

Sold July 08

Avg Days on the market

Avg. List Price

Avg. Sale/Price %

Biloxi

1

11

12

345 days

$199,000

97%

North Biloxi

3

5

10

182 days

$159,000

100%

Ocean Springs

18

29

32

149 days

$231,215

92%

d'Iberville

0

7

11

No sales in July 09

No sales

No sales

N. Gulfport

 23

 30

 39

 155 days

$154,235 

 97%



Overall, these numbers indicate a slowdown in sales, specifically more in d'Iberville that as of today, there have been no reported homes sales inthe city.  N. Gulfport and Ocean Springs homes sold faster than homes in Biloxi, d'Iberville and North Biloxi.  Of interest is that homes in North Biloxi sold for an average of 100% of their list price (full price), while homes in Ocean Springs sold for about 92% less than asking price. In summary, there were less homes sold in July 2009 than June 2009 and July 2008.

Although these are the numbers reflected by the Gulf Coast Multiple Listing Service (MLS), our real estate group and Associates at RE/MAX by the Gulf are very busy selling homes.  So far, in the first 24 days in July, our RE/MAX by the Gulf Associates had thirteen under contract homes and fourteen transactions closed. Cudos to our agents! 

The Short Sale inventory is now at twenty two homes available to be sold for less than what it's owed on the home.  This is the first time our Multiple Listing Service is begining to track these statistics. We forsee these numbers to increase next month in August 2009.  If you find yourself in a distressed situation where you are behind on monthly payment or think you may be late soon, contact us right away. We are one of the very real estate agents on the Mississippi Gulf Coast that are Certified Distressed Property Experts (CDPE).

Current Mortgage Rates

Rates on fixed-rate home mortgages rose this week.  The 30-year fixed-rate mortgage averaged 5.20% for the week ended July 23, up from 5.14% last week, while a year ago rates averaged 6.63%. Still a perfect time to buy a home.

The 15-year fixed-rate mortgage averaged 4.68% this week, up from 4.63%. The mortgage averaged 6.18% a year ago. One-year Treasury-indexed ARMs averaged 4.77% this week, up slightly from 4.76% last week. The ARM averaged 5.49% a year ago.

To see our inventory of homes, please visit our web site at www.alndee.com.  Want to take a walk around the neighborhood?  Follow this link to our Google Terra Walking and select the "Street View" underneath the photo of the home. Go ahead... walk to the beach and enjoy. 

 

Contributed by Al & Dee Allegue
Contact Us | (228) 374-0002 | www.alndee.com
Complimentary Mississippi Gulf Coast Real Estate Search

Bookmark and Share

POSTED BY: Al & Dee Allegue AT 09:11 am   |  Permalink   |  0 Comments  |  E-mail this
Saturday, 18 July 2009
  Using Borax in Your Home

 Would you be interested in saving $1,200 a year? You can sure this savings for a vacation or dinners out and at the same time eliminate many toxic chemicals in your home and help the environment.

Borax is a naturally occurring alkaline mineral that does not contain phosphates or chlorine and is not harmful to washing machines, plumbing or septic tanks. It has no toxic fumes and is safe for the environment, however it can irritate skin and, of course, it should not be ingested. Borax is available in the grocery store in the cleaning isle.

  • Borax can be added to washing machines to pre-soak stains, or added with your regular laundry detergent to make it more effective.
  • It will also clean and deodorize hand washables, cloth diapers, baby clothes, refrigerators, bathroom fixtures, garbage pails, mattress odor, even sparkle fine china.
  • Deodorize your toilet by sprinkling 1/4 cup of Borax in it. Clean with your toilet brush and let stand for 30 minutes or overnight. This will also clean and deodorize the toilet brush as well.
  • Mix 1/2 cup Borax wth a gallon of hot water for a cleaner and disinfectant.

You can also use Borax to get rid of fleas, ants, mold and even in the dishwasher. Need more helpful hints in using Borax, go to  http://www.greenlivingtips.com/articles/115/1/Handy-borax-tips.html

Ok... so you want a little more insider's details. Borax, also known as sodium borate or sodium tetraborate,  and is mined in the Mojave Desert (Boron, California), other US states, in Chile and Tibet. It can also be created synthetically from other boron compounds. The mining side of borax production isn't all that earth friendly, but compared to some other chemical compounds used around the home, it's likely lesser of the many other evils, so it's a "greener" choice. Borax used in all sorts of products - pesticides, insulation, makeup (yes ladies... it goes on your face), detergents and other cleaners. In our house we have recycled cellulose fiber for roof insulation that's been treated with Borax in order to make it flame retardant. The other side effect of this treatment is that it discourages vermin from nesting and kills insects.

This is one in a series of helpful ideas we share with you designed to save you money, increase the value of your home, and help our environment.  Win the day!

 

Contributed by Al & Dee Allegue
Contact Us | (228) 374-0002 | www.alndee.com
Complimentary Mississippi Gulf Coast Real Estate Search

POSTED BY: Al Dee Allegue AT 10:48 am   |  Permalink   |  0 Comments  |  E-mail this
Wednesday, 15 July 2009

Collecting Rainwater 

 Did you know that during moderate rainfall, the normal sized roof on a home eliminates 160 gallons of rainwater per hour? Or that 40% of water used during dry months is used outdoors?

One 55 gallon rain barrel can fill within 2-3 hours during a normal rainfall. If you were to capture this  water, what could you use it for? You could save a few dollars and at the same time help   the environment.  Here are just some advantages of rainwater collection:                                  

  • Garden and plant irrigation (rainwater is natural and without chlorine)
  • Washing cars and outside equipment/furniture
  • Cold water toilet flushing
  • Washing clothes
  • And rainwater can be purified with other processes

It's not difficult. Harvesting rainwater has been around for centuries. Here how it's done: As the rainwater flows into your gutters and downspouts, a small reservoir attached to a downspout captures and diverts the water to a barrel. That's it!

For our friends who just to have more information and see pictures of what a non-intrusive water collection system can look like (meaning you don't want a 55 gallon barrel in your back yard!), we have attached the following link http://www.cypressdesigns.com/?gclid=CJmP5ZC50JsCFVeE7Qodjj7JJg

This is one in a series of helpful ideas we share with you designed to save you money, increase the value of your home, and help our environment.  Win the day!

Contributed by Al & Dee Allegue
Contact Us | (228) 374-0002 | www.alndee.com
Complimentary Mississippi Gulf Coast Real Estate Search

POSTED BY: Al & Dee Allegue AT 09:58 am   |  Permalink   |  0 Comments  |  E-mail this
Tuesday, 14 July 2009

Historic Biloxi Cottage Circa-1945


    We usually don't blog every listing our team receives.  However, when we saw this historic Cottage in Biloxi just a few blocks from white sandy beaches and in the great condition that it is, we really wanted to tell the world about it!

Located in the Coral Garden neighborhood is one of Biloxi's premier cottage.  The circa-1945 treasure blends the ambience of an earlier, more-gracious era with the finest in contemporary comfort. Majestic oaks enfold this beauty with appointments such as finished hardwood floors, ceramic tile and crown molding. Complete with four large bedrooms, two baths, a living room, a family room, a formal dining room or art room, and more. To see over 50 photos of this rare gem visit our web site at www.alndee.com. But really see and experience this home, see the virtual tour. 

To see a virtual tour on this Cottage, please click on the photo.  For additional information on this home or to schedule an appointed, please contact one of our Team Members.

Want to take a walk around the neighborhood?  Follow this link to our Google Terra Walking and select the "Street View" underneath the photo of the home. Go ahead... walk to the beach and enjoy.

 

Contributed by Al & Dee Allegue
Contact Us | (228) 374-0002 | www.alndee.com
Complimentary Mississippi Gulf Coast Real Estate Search

Bookmark and Share

POSTED BY: Al & Dee Allegue AT 04:05 pm   |  Permalink   |  0 Comments  |  E-mail this
Saturday, 11 July 2009

My Home Didn't Sell... Now What? 

As of lately, we're receiving numerous calls from homesellers in Biloxi, Ocean Springs, Gulfport and d'Iberville with homes for sale concerned their homes failed to sell with another real estate professional and now they're wondering what to do. The answer is not usually within them, but with the agent they entrusted.

What went wrong? Well, most people will ask business associates, family or friends to recommend someone who they've had good luck with... someone they can trust. Other sellers will watch neighborhood real estate signs to see who is listing many of the homes in the same area. Still others rely upon the reputation of the major national franchise companies. And, of course, there are the yellow pages.  All of these methods could prove to be a disaster again!

When selecting an agent, he or she should be someone that has demonstrated, in writing, their past performance selling other homes, and their marketing strategy for exposing your home to the largest possible number of prospective buyers.  Since there are always a certain number of buyers out there on the streets every day looking for homes to buy, and there are many other homes competing to attract those buyers, what is your agent going to do to bring one of those buyers into your home? What is your previous agent going to do different he or she has aready not done?

As a results, here are three of several basic questions you should be asking before you list your home again with a real estate professional:

1.  Ask For Reference From Past Sellers - before you sign another listing agreement, check out reference from past sellers. Flattering letters in a presentation book praising the agent's work is a good start... but do you think you'll see a unflattering letter in that stack? The answer should be obvious. Ask for the telephone number and name of the past three sellers and three current sellers.  Then make a couple of calls.

2. Ask For A Record Of the Agent's Marketing Strategy - How will he or she market your home with the current market conditions? Residential real estate has a long history of economic cycles. The market is either hot, improving, static or declining, and with each cycle there has to be a plan to cope with the current market.

3. Ask For The Agent Track Record - You want to know how long the agent has been working in real estate full-time, what advance designations and education in real estate do they have. Are you aware there is a designation for a Seller's Agent... that is an agent certified to work with sellers? Here is a really tuff question to ask: Of all the listing you have taken in the last six months, how many have you sold? If you never seen a two-step dance, you may see one. Check to see how many real estate companies has the agent been with in the last two years... if the reason for several changes is always money, there may be something wrong.

We've written a Special Report entitled, "My Home Didn't Sell... What Now?" detailing 25 Critical Guerrilla Marketing Strategies that need done in today's difficult market t sell a home for top dollar. If you would like to receive a free copy of this report, contact us and we'll mail or email the report to you immediately.

Contributed by Al & Dee Allegue
Contact Us | (228) 374-0002 | www.alndee.com
Complimentary Mississippi Gulf Coast Real Estate Search 

POSTED BY: Al & Dee Allegue AT 10:20 pm   |  Permalink   |  1 Comment  |  E-mail this
Thursday, 02 July 2009

 


 

We make it easy for you to go to one place and get all the tools and information you need about the Mississippi Gulf Coast real estate market.

Registering in our site, www.alndee.com, allows you to access our full suite of advance web base tools, includingadvance searches, saving searches, creating favority folders, viewing detailed property information and receiving e-mail notifications of new listings based on the criteria of your saved searches. This allows you to conveniently make informed decisions about properties you are interest in well before you commit to a viewing appointment. Additional benefits include:

Personalized Service from our team
Access Restricted Property Details — View property information not available to the general public, such as 360 degree tours and photo galleries.
Advanced Search — Performed detailed searches using more search fields typically reserved only for real estate agents.
Saved Searches — You may rerun a saved search anytime without reentering your personal criteria. You may save as many searches as you like.
New Listing E-Mail Notification — Would you like to be notified via email about new listings matching your personal critera? Simply select the email notification option in any of your personal saved searches. You will receive links to newly listed properties!
Favorites Folders — Save unlimited favorite folders to help you organize properties which match your personal criteria.

We believe time is your most valuable asset. Our site provides a unique set of interactive features which allow you to use your time to achieve the most productive results in your home search. At www.alndee.com, we look forward to assisting you in finding your new home! 

 
POSTED BY: Al & Dee Allegue AT 12:37 am   |  Permalink   |  0 Comments  |  E-mail this
Site Mailing List  Sign Guest Book  View Guest Book 


Military Moves Casino/Entertainment Industry Moves Read Our Blog Buyer's Specialist Facing Forclosure - Click Here
The Al and Dee Real Estate Team 

Al & Dee Allegue, ABR, ABRM, CRB, CRS, GRI, SRES, SRS
The Al & Dee Real Estate Group
RE/MAX by the Gulf
770 Water Street
Biloxi, MS 39530
Office:
228.374.0002
Fax:
228.436.0414
Team Direct Line: 228.374.0002
Email: Al@alndee.com

Howard Brinton Star Power Star 

Re/MAX By The Gulf

 Real Estate Website Design & Real Estate Marketing Services
Provided by : 

Pro Step Marketing

 

Pro Step Marketing
PRIVACY POLICY
Al & Dee Allegue are the sole owners of the information collected on this site. Neither Al & Dee Allegue nor the team associates will sell, share, or rent this confidential information to others. Your privacy is the primary issue for Al & Dee Allegue. 

CONTACT POLICY
By submitting personal information such as name, address, phone number, email address and/or additional data, the client/prospect gives permission to Al & Dee Allegue or their authorized representatives to contact client/prospect by phone, U.S. Postal System, or email. Permission extends whether or not client/prospect is participating in a state, federal or other "do not contact" program of any type.

 

Site Map

 

Copyright©  Al & Dee Allegue, REALTOR®, All Rights Reserved.


Site Powered By
    prostepmarketing.com
    Online web site design