August 2017 Hattiesburg Real Estate News YOU Can Use

 Hattiesburg Zip Code 39401*

In July of 2017, 203 Homes Were Sold. In July of 2016, 187 Homes Were Sold. This represents a 9% increase.

In July of 2017, the Average Number of Days on the Market for a home was 88. In July of 2016, the Average Number of Days on the Market for a home was 108. This represents a 19% decrease.

In July of 2017 the Average Sales Price of a Home was $118K. In July of 2016, the Average Sales Price of a Home was $107K. This represents a 9% increase.

Hattiesburg Analysis: There is a bit of a paradox in home sales this month in Hattiesburg. Although homes are selling at a 9% premium over the same time last year; they are taking 19% more days on  market (DOM) to do so.

Oak Grove Zip Code 39402 *

In July of 2017, 400 Homes Were Sold. In July of 2016, 414 Homes Were Sold. This represents a 3% decrease.

In July of 2017, the Average Number of Days on the Market for a home was 75. In July of 2016, the Average Number of Days on the Market for a home was 90. This represents a 17% decrease.

In July of 2017 the Average Sales Price of a Home was $218K. In July of 2016, the Average Sales Price of a Home was $210K. This represents a 4% increase.

Oak Grove Analysis: So far this year, homes in “the Grove” were selling 17% faster than last year, and at a price that is 4% higher.

Petal 39465*

In July of 2017, 173 Homes Were Sold. In July of 2016, 140 Homes Were Sold. This represents a 24% increase.

In July of 2017, the Average Number of Days on the Market for a home was 67. In July of 2016, the Average Number of Days on the Market for a home was 86. This represents a 35% decrease.

In July of 2017 the Average Sales Price of a Home was $162K. In July of 2016, the Average Sales Price of a Home was $147K. This represents a 10% increase.

Petal Analysis: WOW! Petal out performed Hattiesburg and Oak Grove in the month of July. Petal checked all the boxes and touched all the bases! 24% more homes have sold so far this year; and they sold in 35% fewer days on the market than last year for 10% more money!

* All statistics are year-to-date.

 

 

 

 

 

A Street Light for Greenwood Place Subdivision

It’s a fact. Neighbors these days don’t know each other like they used to. How well do you know your neighbors? Do they play an important role in your life or in your family’s social network? Do you say hello to them in the driveway or as you walk down the sidewalk? Or do you really have no interaction whatsoever with the people who live nearby?

According to 2015 General Social Survey data, only about 20 percent of Americans say they spend time with their neighbors, and nearly a third of the population reports no interaction whatsoever with the people who live nearby. That’s a flip-flop of the way things were back in the 1970s, when nearly 30 percent of Americans reported hanging out with their neighbors at least twice a week.

I recently decided that Greenwood Place Subdivision needs a streetlight on the corner of Grand Blvd and Cameron Road, It’s a treacherous turn to navigate in pitch darkness and studies show that illumination discourages the criminal element!

In the course of polling my neighbors regarding their thoughts on the subject, it became obvious that neighbors don’t know neighbors like they did in the past. Hopefully, the installation of this street light will give us more of a sense of community and bring us all closer together. It certainly can’t hurt!

July 2017 Hattiesburg Real Estate News YOU Can Use

Hattiesburg Zip Code 39401*

In June of 2017, 167 Homes Were Sold. In June of 2016, 158 Homes Were Sold. This represents a 9% increase.

In June of 2017, the Average Number of Days on the Market for a home was 86. In June of 2016, the Average Number of Days on the Market for a home was 108. This represents a 20% decrease.

In June of 2017 the Average Sales Price of a Home was $119K. In June of 2016, the Average Sales Price of a Home was $105K. This represents a 14% increase.

Hattiesburg Analysis: There are two bright spots in the Hattiesburg real estate area so far this year! Homes have sold at a 20% faster clip, and they’re doing so at a price that is 14% higher than last year.

Oak Grove Zip Code 39402 *

In June of 2017, 323 Homes Were Sold. In June of 2016, 335 Homes Were Sold. This represents a 4% decrease.

In June of 2017, the Average Number of Days on the Market for a home was 78. In June of 2016, the Average Number of Days on the Market for a home was 94. This represents a 17% decrease.

In June of 2017 the Average Sales Price of a Home was $210K. In June of 2016, the Average Sales Price of a Home was $210K. This represents a 0% increase/decrease.

Oak Grove Analysis: So far this year, homes in “the Grove” were selling 17% faster than last year.

Petal 39465*

In June of 2017, 144 Homes Were Sold. In June of 2016, 115 Homes Were Sold. This represents a 25% increase.

In June of 2017, the Average Number of Days on the Market for a home was 69. In June of 2016, the Average Number of Days on the Market for a home was 91. This represents a 24% decrease.

In June of 2017 the Average Sales Price of a Home was $158K. In June of 2016, the Average Sales Price of a Home was $146K. This represents a 8% decrease.

Petal Analysis: Business is picking up! 25% more homes have been sold in Petal through the month of June this year, than during the same period last year, but prices are lagging.

* All statistics are year-to-date.

 

 

 

 

 

73 Bellepointe 39475

Seeing is believing! This home, the largest in Bellepointe, is also the most outstanding value per sq ft on the market in the Hattiesburg Metroplex. 

Be prepared to be amazed This lovely home provides a rare opportunity to purchase an extraordinary property at an incredibly attractive price point! Beautifully appointed with 4200 sf, it’s a custom home in excellent condition situated on a stunning 1.85 acre(+/-) tract in Bellepointe off McMahon Road. It features 4 bedrooms (2 master suites) with 3.5 baths (all down), a home office, and 2 large bonus rooms upstairs which will provide you and yours an abundance of room for whatever activities you can imagine! The gourmet kitchen features high-end appliances including double convection ovens, granite counter tops, commercial dishwasher, and custom maple cabinetry! The attached, over sized 2 car garage features a large storage room.

Additionally, don’t miss the separate, 32′ x 36′ shop building (built at a cost of $35K) sporting a tall and wide overhead door. Immediately behind and attached to the shop is 950 sq ft of covered dry storage, perfect for parking your boy toys. This marvelous, man-cave inspired, all brick addition boasts hot and cold water with 110 and 220 wiring, and cable connections in place. You could seriously live out there and probably will!

Call me! I’ll be glad to show you this “stunner” up close and personal!

 

107 Manchester 39402

My friend Bin and I have worked together on a few transactions. This is a home that belonged to his father and has been updated with new paint and carpeting being only a few of the improvements. It’s clean as a whistle and ready to accommodate you and your large family. Interestingly enough, it’s one of only a few homes in Kensington Woods that offers 4 bedrooms with 3 FULL baths.

Here are the notes from the MLS: We’re highly motivated and our price shows it; bring us an offer! Centrally located in beautiful Kensington Wood, and close to everywhere you want to be, this lovely 4 bedroom, 3 bath with a study and two living areas offers 2700(+/-) square feet of very usable and well planned living area. There is a covered deck in the back, and a LARGE backyard. You’ll appreciate the new finishing touches, carpeting, and paint throughout.

MLS#: 108829 
List Price: $ 144,900
Subdivision: Kensington Wood
Area: Hattiesburg Southwest
City Limits:Yes
Bedrooms: 4
Bathrooms: 3
Half Baths: 0
Type: Single Family
Status: Active
Year Built: 1983