Gulfport MS is divided into 3 sections by our local MLS system and is comprised of:

• Gulfport North, also known as Orange Grove, which is roughly the area of Gulfport which is north of I-10
• Southwest Gulfport, which is the area of Gulfport west of Hwy 49 and south of I-10
• Southeast Gulfport, which is the area of Gulfport east of Hwy 49 and south of I-10

Southwest Gulfport is the slower moving area. It is comprised of mostly older homes and rentals near the SeaBee base and down to the port of Gulfport. These homes average less than $100k with a few exceptions (highrise condos, etc). There are currently 105 active listings ranging from $15k to $1.5M (penthouse condo). Over the last 30 days, there have been 4 closed homes from $10k-$100k and there are 4 pending sales in the MLS.

Southeast Gulfport is more desirable for most and encompasses the Bayou View area, which is known well for its schools as well as community involvement. There are many waterfront homes in this area as well. There are currently 346 active listings in southeast Gulfport ranging from $14,800 (downtown) to $2.6M for a waterfront estate. The average home in this area is typically between $150k and $250k. There were 20 closed transactions over the last 30 days ranging from $16k to $615k. There are currently 28 pending sales in the MLS.

North Gulfport has become the major growth area for Gulfport. With Gulfport bordered to the east by Biloxi and Long Beach to the west, the only place to grow is north – unless some more land magically appears to our south
With cheaper insurance rates north of I-10, plenty of shopping and dining, it is no wonder that it has seen a lot of growth over the past few years. North Gulfport has 432 active homes on the MLS ranging from $19,500 to $1,350,000. There have been 27 closed transactions in the past 30 days and there are currently 55 pending sales in MLS.

Contact Me for more information on Gulfport or any other real estate needs on the MS Coast. I enjoy working with buyers and sellers.

While Go Zone accelerated depreciation is a great reason to buy real estate investments on the Mississippi Gulf Coast, it is not the only on. While every home buyer and investors needs are different, the one thing everyone wants to see is appreciation in their investment. Looking for emerging real estate markets is one of the key factors for investors who want to see their real estate investments grow in value.

The Mississippi Gulf Coast is a truly under-valued area in terms of real estate in general. Part of this is due to other states’ overall view of Mississippi in general, but we all aren’t toothless slobs that can’t enunciate – just the ones they show on the 6 o’clock news. The rest of us are at home with our families or working

Whether you believe it or not, the Mississippi Coast is a true emerging real estate market and more investors are realizing that now. If you want to be an early mover, contact me and let’s analyze your investment strategy.

So What Makes the Mississippi Coast so Special?

The MS Coast has numerous economic engines which include:

1. Federal Dollars. Keesler Air Force Base (Biloxi), Naval Construction Battalion (Gulfport), Camp Shelby Army Base (Wiggins), Stennis Space Center (Hancock County) and the Coast Guard station (Gulfport) which are all within about 40 miles of each other. Keesler Air Force Base is home to the Cyber Command Training Center as well as the Hurricane Hunters. These bases keep a steady flow of military personnel moving in and out of the area which helps to balance the housing market even when national housing statistics are very gloom.
2. Local Economic Influences. Most strong real estate markets have at least one driving force to the economy – the MS Coast has many. Not only does south Mississippi have the military installations, but it also happens to be a major gaming destination. Billions of dollars have come to the Coast through the gaming industry. A “Vegas on the Beach” if you will, major casinos in Biloxi, Gulfport, and Bay St Louis, with more planned in other areas such as D’Iberville (a truly growing area) as well. Other economic engines include seafood, ship building, tourism (beaches, islands, fishing) and a growing container port. Gulfport is expanding its already large container port to be one of the largest in the country and will be state of the art (see Port of the Future – outside link opens in new window).
3. Prices. The Gulf Coast of Mississippi is one of the most undervalued areas in the country as far as what you get for the money and what its potential is. With the exception of a surge immediately after hurricane Katrina that had to balance itself out, homes have shown very steady appreciation historically. Currently, new homes can be bought in the $120k+ range but inside subdivisions, I recommend going a step above to the $130k-$140k range. The initial cash on cash looks less appealing, but these subdivisions usually offer a much better exit and less chance of “going downhill”. There are many very nice subdivisions that offer smaller homes in this range that would appeal to investors, but most agents do not show the potential. For those comfortable with buying older homes and doing some upgrades, it is very feasible to see positive cash flow and equity almost immediately in 10+ year old homes. Want to take the development route? There are an abundance of quality properties to start on.
4. Tax Incentives. Tax incentives are a great reason to look at an area, but there is so much more to it. Many investors who bought under the first part of the Go Zone got took in by unscrupulous builders and real estate agents that sold properties at above (in my opinion) market value in order to reap the rewards from those sales. Go Zone is an awesome incentive – when you are talking to someone who wants your repeat business in the future and not just a fly-by-night company looking to make a buck. If you are considering taking advantage of Go Zone, time is drawing near. Don’t wait until “later” because you may lose out on your ability. Pickings are slim and the best properties go to early movers. I can help you get great deals if you contact me in enough time. Don’t let Go Zone be your only reason for investing here though – there are so many good reasons.
5. Location. Location, Location, Location, right? The Biloxi/Gulfport/D’Iberville/Ocean Springs areas are located on the beautiful Gulf Coast. If I didn’t have you before, let me say it again – waterfront communities! Everyone loves being near the water. Well, maybe not everyone, but a LOT of people do. We also happen to be approximately an hour from New Orleans, LA and Mobile, AL. Both of these cities can be identified as emerging markets on their own, but the MS Coast is better than either due to federal spending, diversified local economy, gaming, tourism, and the in-progress port expansion.
6. Growth Potential. The MS Coast is comprised of several cities including Bay St Louis, Pass Christian, Diamondhead, Long Beach, Gulfport, Biloxi, D’Iberville, St Martin/Ocean Springs, and other smaller areas surrounding. In many cases, there is no clear definition between these cities other than the corporate lines that divide them. This makes for a huge growth potential in these areas producing one large city base rather than several smaller communities. There is also plenty of room for expansion in the northern parts of these counties which has already started due to lower insurance rates north of the Interstate, however, the bulk of the population is in areas south of the Interstate with the exception of North Gulfport and the outstandingly fast growth in the D’Iberville area.
7. Quality of Life. As a “military brat” myself, I have lived in numerous place. I was born in Biloxi and moved back in 1999 to help my grandmother, who’s health was diminishing. I have found no where else that I really could say that I loved as much as here. There is always something going on, the people are great, the dining is just as good as the people, and when you simply don’t know what else to do – a simple walk on the beach or day on the water will put your mind at ease and really help you appreciate life.

This is my home, one of the best emerging markets in the country, and I enjoy it daily. An investment on the MS Coast is a great one indeed, provided you are talking to the right person. I look forward to discussing your needs with you and working on your portfolio. When you are ready to move here yourself, I look forward to relaxing with a fishing pole in hand, and enjoying what the Mississippi Coast has blessed us with.

The Gulfport MS real estate market has had its ups and downs but steadily performs high coast-wide. This month was a little slow with only 47 transactions closing in the past 30 days (54 the prior month), but things are looking better.

Out of the 47 closed units, it still looks like real estate investors are a driving force as a large portion of the sales (just over 40%) were under $50k, but what is interesting is that the $150k-$225k range performed decently at over 20% of closed transactions. The highest dollar home that closed was a waterfront home fronting Bernard Bayou for $615k.

For more information on real estate in Gulfport, MS, homes for sale, or new construction in Gulfport or anywhere else on the Mississippi Coast, please contact me. I strive to put as much information out as possible and appreciate your business when you are ready to buy or sell a home.

The real estate market here in South Central Mississippi is showing signs of Spring! The number of homes for sale that were recorded as closed, according to data obtained through the Gulf Coast Association of Realtors, GCAR, shows a 15% uptick in March’s closed transactions from February’s. While any uptick is considered “good news” for sellers, when compared to the same time period last year this “uptick” actually represents an 8% decline in closed transactions for March 2009 to 2010….Which still is great news….If you’re buying!

Currently there are 3,359 homes for sale in the Central South MS area. The number of homes currently for sale shows that in the month of March only 5 out of every 100 homes for sale that were active on the market actually sold. The area researched was approximately 25 miles in every direction from Gulfport’s Interstate 10 & Hwy 49 intersection. It included the cities of Biloxi, Ocean Springs, Woolmarket, Long Beach, Pass Christian, Diamondhead, Bay St. Louis, Waveland, and Kiln, MS.

Over the past 12 months 2,189 homes for sale were recorded as closed in this area. The average units sold per month was approximately 182. So far in 2010 the number of homes for sale recorded as closed is only 400, an approximate average of 133 per month.

The trend for spring & summer home sales for 2009 was 102 closed in January, 147 in February, 183 in March, 165 in April, 172 in May, 167 in June, 182 in July, and 191 in August and September respectively. There was a tremendous spike in home sales during the fall month of October when 242 homes for sale were reported as closed. Why would that happen? We expect to see a similar trend this year as asset companies attempt to clear their foreclosure inventory before the onset of the winter and a traditionally slower buying period.

Speaking of foreclosures! There are some really great deals out there! If you are in the market for a home contact me to stay as informed as possible on new opportunities. You never know when the next deal may hit! It’s always true that price sells so don’t miss a beat when a new opportunity knocks! I have a proven track-record and am the most informed/informative company on the Mississippi Coast. Click contact me today.

Tech Realty has the latest in tools and technology, is number 1 online, and is also the leader in providing real estate news and market trends to the public in South MS. Be the first to know! Contact me today!

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Waveland MS is a rural area of Southern Mississippi, with a very quiet feel to it, yet still only minutes to entertainment, the Silver Slipper Casino, and all that Bay St Louis has to offer. Homes for sale in Waveland (remaining post removed due to out of date figures).

Long Beach MS is known as the “Friendly City” here in south Mississippi. Don’t let its small size fool you though. Long Beach is a short trip to Gulfport and shopping for day to day items is a very short distance to the Pass Christian Wal-Mart or either of two grocery stores.

Long Beach has been working steadily on a complete renovation of its downtown area after Katrina and has been making great bounds in use and aesthetics. This community, which is easy access to the beach for most residents has seen outstanding improvements in the renovation of the downtown area as well as the beach.

Homes for sale in Long Beach MS can easily be found by searching the MLS right here on this site, or I can send you a customized email list of properties for Long Beach or any other area on the MS Coast if you contact me.