Real Estate Price Stabilization – Beach front condo pricing along the Ms Gulf Coast seem to have stabilized and may just be heading up. As I’m showing buyers units, I’ve notice there are fewer properties to look at, many are at higher pricing than in the past.
Last year at this time, I was able to show several units of the same floor plan in various places within a building. Now, I’m showing a limited selection of available units in a single building and finding a blow out deal is becoming near impossible.
I’m talking about the deals for $125 a square foot. Competition among buyers is picking up and helping to drive up the prices. There have actually been a few sales in the market in the $180 a square foot range. We haven’t seen that price since 2007!
With only have 5 high rise beach front buildings in the Gulfport or Biloxi area, if you are thinking about a beach front condo on the MS Gulf Coast , I wouldn’t put it off. If you would like to be updated on what’s available just give me a call or shoot me an email. I’m here to help.
Update! Written in Feb 2016
Looking back on this post, I sure called the Real Estate Price Stabilization and the move for increased pricing. Our beachfront condo supplies are to an all time low, which is driving the prices up. If you would like details please subscribe to my quarterly newsletter “The Condo Insider.”
Also, if you are thinking about selling your condo, or waterfront home, please contact me. I provide the most professional marketing campaign on the coast, for sales. If you would like to rent your Condo out for extended terms or short term rental I can assist you with the process.
Thank you.
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