Ocean Springs MS Real Estate Market Jan 2010

Ocean Springs MS is the 2nd largest real estate market of homes for sale on the MS Coast. The uniqueness of “old town” Ocean Springs, coupled with one of the best overall school systems in south MS, keeps the Ocean Springs area a focus of residential home buyers. Many military families who work at Keesler Air Force Base choose to make Ocean Springs their home. Their are nice beaches, golf courses, and several great restaurants. There is fun for the whole family! Beautiful oaks line the downtown area and can be seen throughout the area and along the coast. The data used in this story was obtained through the Gulf Coast Association of Realtors, GCAR, Multiple Listing Service, MLS.

In 2009 there were 371 homes for sale recorded as closed in Ocean Springs. Of these 371 homes for sale 5 were closed at under $50,000, 55 from $50,001 to $100,000, 139 from $100,001 to $150,000, 96 from $150,001 to $200,000, 32 from $200,001 to $250,000, 14 from $250,001 to $300,000, 21 from $300,000 to $400,000, 1 closed from $400,001 to $500,000, 7 from $500,001 to $1,000,000, and 1 home closed for over $1,000,000 at $1,290,000. A beautiful 3 year old brick home overlooking deep water in one of Ocean Springs’ most sought after subdivisions.

The average closed sq. ft. price was just under $90.00 with a sales price vs. list price average of 95%. The average days on market for closed sales came in at 150 days. Ocean Springs recorded more closed sales than any other coastal city for homes above $250,000. That speaks volumes!!!!!! Many of our clients now call some of the finest areas in Ocean Springs home!

Currently there are 485 listings of homes for sale in Ocean Springs, MS. Of these 1 is listed for under $50,000, 48 are from $50,001 to $100,000, 152 from $100,001 to $150,000, 119 from $150,001 to $200,000, 43 from $200,001 to $250,000, 35 from $250,001 to $300,000, 44 from $300,001 to $400,000, 14 from $400,001 to $500,000, 25 from $500,001, to $1,000,000, and 4 are for sale for over $1,000,000.

For more information what’s happening in real estate and directions to the market’s hottest properties….Give us a call or click contact us!