Biloxi MS Real Estate Market Jan 2010

Biloxi, MS is a culturally vibrant coastal community and home to the
MS Coast’s 3rd largest residential real estate market behind Gulfport
and Ocean Springs. Biloxi has an abundance of stable economic
engines, and was recently ranked #1 for real estate appreciation
potential in the country. Most of the city has been completely
renovated since the landfall of Hurricane Katrina in 2005 and is
poised for a rebound. The following information was obtained from the
Gulf Coast Association of Realtors, GCAR, Multiple Listing Service,
MLS.

In 2009 Biloxi, MS saw 238 homes for sale close. Of these 17 were
under $50,000, 58 were from $50,001 to $100,000, 65 from $100,001 to
$150,000, 43 from $150,001 to $200,000, 25 from $200,001 to $250,000,
16 from $250,001 to $300,000, 10 from $300,001 to $400,000, 1 from
$400,000 to $500,000, and 2 from $500,000 to $1,000,000. The only
home to sell for more was a 7,334 sq ft 5 year old French Country
Style home on 1.3 acres. This home sold for $1,750,000 and was
located on the north side of Biloxi Bay in the beautiful upscale
subdivision of Beau Chene Estates.

Currently there are 293 active listings of homes for sale in Biloxi,
MS. Of these listings 6 are under $50,000, 47 are from $50,001 to
$100,000, 73 are $100,001 to $150,000, 60 are from $150,001 to
$200,000, 36 from $200,001 to $250,000, 22 from $250,001 to $300,000,
16 from $300,001 to $400,000, 10 from $400,001 to $500,000, 18 from
$500,001 to $1,000,000, with 5 listed for over $1,000,000. The most
expensive home for sale in Biloxi is a centrally located 15 year old
River Plantation Home on 10+ acres. This extravagant raised home is
bordered on 3 sides by water and sits with wide screen views of the
Tchoutacabouffa River.

In 2009 only 3 waterfront homes for sale sold in Biloxi, MS as
waterfront homes for sale coast wide continue to remain stagnant since
2006. 21 waterfront homes are currently listed for sale with a lake
front camp listed at just $69,900.

For more information on real estate trends and buyer opportunities
that match your needs contact the real estate company that does more
research than any other. We’ll make sure you get first option on the
hottest new listed and unlisted properties! Click contact us today!