This post is deprecated, please be sure to check out my home page for the most up to date real estate information. Also use the Category or Tags to browse or use the search feature to search for what you are looking for.
Waterfront homes and lots for sale in Biloxi & Gulfport MS have been slow selling over the past year. To date (15 March 2010), from a year ago, only 7 waterfront homes have sold in the Biloxi/Gulfport area compared to 24 for the prior year period.
Prices have fallen considerably in the waterfront homes market, making some of the most desirable real estate on the Mississippi Coast within reach of many more buyers, and offering the ability to see an outstanding increase in value over the coming years.
Waterfront lots, including lots on the bay, bayou, canals, and rivers, have seen similar impacts. Some waterfront lots are seeing closed prices in the $10,000 range – unheard of. This is attributed to a huge supply, as well as a slight stigma from Hurricane Katrina. Many of these properties will see great appreciation rates in the coming years as waterfront development starts to spur again.
There are an abundance of deals in the MS Gulf Coast waterfront market. Whether you are looking for a waterfront lot, waterfront home, or a nice condo overlooking the bayou – there really has been no better time to buy.
Contact me if you have any questions about the MS Gulf Coast Real Estate Market.
{ 3 comments… read them below or add one }
I am interested in the land for sale on the Jordan River. Me and my new wife are interested in a camp style affordable home on the River. We are both employed and have good credit. We are first time buyers so not too sure what you need.
Email sent 🙂
I am looking for a lot on a river somewhere in the Mississippi gulf coast area. I have no idea where to look or start. I am interested in a lot where I can build a small camp style home or have a small building moved in to create a camp.