Hernando MS Real Estate Market Report - June 2009by Pam SimpsonThe Kudzu Vine There were 17 reported sales in Hernando MS for the month of June with an average sales price of $139,470 and an average days on the market of 173.  The percentage of sales that were foreclosures (REO, HUD, etc) was 24%. The Hernando MS neighborhood that saw the most sales activity was Edgewater. Here are the number comparisons for last month and last year: May 2009Sold:  21          Avg $201,046          Avg DOM:  125 June 2008Sold:  35          Avg $192,214          Avg DOM:  130 There are 246 Active residential listings in Hernando MS which represents a 10.7 month supply of inventory.  The prices range from $57,150 to $1,350,000 with the median price being $219,900.  The percentage of active listings which ... 07/07/2009

Hernando MS Real Estate Market Report - May 2009by Pam SimpsonThe Kudzu Vine The capital of Desoto County, MS had 21 residential listings sold in the month of May, 2009 with an average sales price of $201,046 and an average days on the market of 125. The percentage of those 21 homes that sold in May that were foreclosures was 19%. The areas that saw the most sales in Hernando was Notting Hill and Fairway Woods. Here are the sales numbers for last month and 1 year ago: April 2009Sales:  31         Avg $160,741         Avg DOM  104 May 2008Sales:  30         Avg $202,485         Avg DOM  170 Currently, there are 257 Active residential listings in Hernando MS with prices ranging from $50,000 to $1,350,000.  The median price is $225,000. The 257 current active listings represent an 11-month... 06/09/2009

Hernando MS Market Report April 2009by Pam SimpsonThe Kudzu Vine There were 31 residential listings that sold in April with an average sales price of $160,741.  The average days on the market was 104.  Foreclosure sales made up 28% of April's sales in Hernando MS. Here is how the numbers compare with last month and April of last year: March 2009Sold:  18          Avg. $146,275          Avg. DOM 114 April 2008Sold:  37          Avg. $206,976          Avg. DOM 161 The neighborhoods with the most sales in April were Lake of the Hills in the west part of Hernando, Notting Hill and Northwood Hills.   There are 265 active residential listings in Hernando MS which represents an 11.7 month supply of inventory (down from 16.8 last month).  The prices range from $22,500 to $1,350,000 with the med... 05/05/2009

Hernando MS Real Estate Market Report - March 2009by Pam SimpsonThe Kudzu Vine Hernando MS (the county seat of Desoto County MS) saw 18 residential sales in March with an average price of $146,275 and average days on the market of 114.  Here are the comparisons for last month and March of 2008: Feb. 2009Sales  19     Avg $163,219     Avg DOM  144 March 2008Sales  36     Avg $186,843     Avg DOM  116 The sales were not concentrated in any one specific area but were spread evenly throughout Hernando. **Note:  44% of the homes that sold in Hernando in March were foreclosure sales. There are currently 268 active residential listings in Hernando.  If sales continued at the same pace that they have for the past 90 days, it would take 16.8 months to sell all of those active listings.  That num... 04/10/2009

Hernando MS Real Estate Market Report - Feb 2009by Pam SimpsonThe Kudzu Vine Hernando saw 19 sold residential properties for the month of February with an average sales price of $163,219 and an average days on market of 144.  Both the average sales price and the average DOM dropped from the previous month. January 2009    Sold:  7    Avg. $213,657     Avg. DOM  250February 2008   Sold: 24   Avg. $203,908     Avg. DOM  171 The neighborhood with the most sales was Edgewater. There are 274 Active residential listings in Hernando which represents a 20 month supply of inventory based on a 90-day average for sales.  That means that if no more homes were placed on the market and the rate at which they sold matched the 90-day average, it would take 20 months to sell the existing inventory. The ... 03/03/2009

Hernando MS Market Report - Jan 2009by Pam SimpsonThe Kudzu Vine January saw 7 sold residential transactions in Hernando MS.  The average sales price increased to $213,657 but the average days on market (DOM) also increased to 250. Here are the comparisons to last month/last year: Dec 2008     15 sold     Avg $187,828     DOM 90Jan 2008     13 sold     Avg $213,896     DOM 174 The January 2009 sales for Hernando were spread across the city and were not concentrated in any particular area. There are 266 Active residential listings in Hernando MS.  Using a 90-day average, that represents a 22.2 month supply of inventory.  The prices range from a low of $43,000 to a high of $1,500,000 with the median at $219,900. 7.1 % of the current active listings are either HUD, REO or other foreclosure... 02/05/2009

Hernando MS Real Estate Market Report - December 2008by Pam SimpsonThe Kudzu Vine There were only 15 residential properties that sold in Hernando, MS for the month of December.  The average sales price was $187,828 and the average days on the market for those sold properties was 90 days (down 10 days from last month). Here are the comparisions to last month and December of last year: November 2008:       14 sold     Avg. $196,762December 2007:       26 sold     Avg. $185,176 The area that saw the most sales activity in December was Edgewater subdivision. Hernando has 257 Active residential listings.  Using a 3-month average for sales, this means there is currently a 14.9 month supply of inventory on hand. The prices of those active listings range from a low of $45,000 to a high of $1,50... 01/12/2009

The USDA newsletter, December 2008 came out today and Fairway Mortgage was ranked #10 in the entire State of Mississippi for originating USDA Guaranteed Rural Housing loans!!  And we accomplished that with only ONE branch and 3 originators!!!  For such a small office, this is a HUGE ACCOMPLISHMENT!!  Most of the top 10 lenders have hundreds of branches/offices across the state. For more information about the USDA Guaranteed Rural Housing loan program, please contact DOUG CAPPS at (662) 429-5100.  Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS is a "MS and TN Licensed Mortgage Company." 12/22/2008

Hernando MS Real Estate Market Report - Nov 2008by Pam SimpsonThe Kudzu Vine There were only 14 residential properties sold in Hernando, MS during the month of November.  The average sales price went down slightly to $196,762.  The average days on the market (DOM) also went down to 100 days. Comparisions for last month and last year: October 2008     23 sold     Avg. $204,177November 2007  36 sold     Avg. $184,172 The new subdivision, Robertson Place, saw the most sales activity.  There are currently 281 active residential listings in Hernando which translate into a 14.8 months supply of inventory (using a 3-month average).  Current prices range from $45,000 to $1,500,000.  The median price is $219,900. Hernando's foreclosure listings currently make up 5.3% of the local market which is... 12/15/2008

LIGHTING OF THE CHRISTMAS TREE Date:  December 06, 2008 Location:  Courthouse Lawn A new tradition for Hernando's historic downtown, the inaugural "Lighting of the Christmas Tree" on the scenic Hernando Court Square - hosted by Hernando Main Street.  There will be carolers and festive music on the courthouse lawn, along with other holiday offerings.  The fun begins at 6:00 pm and will run into the evening.  For more information, contact the Hernando Chamber of Commerce at (662) 429-9055. HERNANDO CHRISTMAS PARADE Date:  December 08, 2008 Location:  Downtown Celebrate the sights and sounds of Christmas as the City of Hernando hosts its annual Christmas Parade.  Experience everything from marching bands and fire trucks to cars, trucks, horses and floats.  Santa Clause himself will make a... 11/22/2008

Did you know that in ancient times people believed certain colors could fight off evil spirits!  Well don't be blue over the small shift in our business - KEEP THE FAITH!  It will turn around!  Remember this, the color blue was considered very powerful due to it's association with the sky and heavenly spirits!  During ancient times boys were considered valuable, so they were dressed in blue.  Next time someone say's they got the blue's, tell 'em to wear pink..........girls rule anyway!  11/15/2008

Hernando MS Real Estate Market Report - October 2008by Pam SimpsonThe Kudzu Vine Hernando MS saw 23 sold residential properties in October.  The average sales price was $204,177 with an average days on market (DOM) of 134. Comparisons for last month and last year: September 2008          20 Sold     Avg. $200,663October 2007              25 Sold     Avg. $214,771 The neighborhood with the most sales activity in October was Hernando Pointe(new homes).  Morrow Crest, Creekside, Deer Creek and Mont Clair were close seconds. Hernando has 268 Active Listings which is a 9 months supply of inventory based on an average of sales history over the past 6 months.  The price range on the current active listings is from $45,000 to $1,500,000 with the median price of $229,900. The number of foreclosu... 11/11/2008

Hernando MS Real Estate Market Report - September 2008By Pam Simpson, Broker-Assoc.The Kudzu Vine 20 residential properties sold in Hernando MS in September.  The average sales price was $200,663.  The average days on the market (DOM) for these sold properties was 134 days. Comparisons for last month / last year: August 2008  29 sold   Avg. $194,717Sept. 2007    28 sold   Avg. $183,241 Northwood Hills saw the most sales activity this month, with the remaining sales spread fairly evenly around Hernando.  Hernando has 273 active residential listings which translates into a 9.3 months supply of inventory.  Prices range from $45,000 to $1,500,000.  The median price is $229,000.    Hernando's foreclosure listings currently make up 5.1 % of the local market.  For market trend comparision, see... 10/13/2008

Hernando Mississippi Market Reportby Pam Simpson, Broker-Assoc.The Kudzu Vine DESOTO COUNTY MISSISSIPPIHERNANDO MISSISSIPPI Hernando, Mississippi saw 29 residential properties sold in the month of August with an average sales price of $194,717.  Here are the comparisons for current, last month, and last year solds. August 2008:     29 sold          Avg. Price $194,717July 2008:          22 sold          Avg. Price $189,969August 2007:     51 sold          Avg. Price $196,690 There are currently 272 Active Residential listings in Hernando which represents a 8.97 month supply.  That number is down from last month which showed a 9.6 month supply.  Foreclosures represent 3.7% of the Hernando market, which is up 1% from last month. 10 of the homes sold in August were new construction.  The n... 09/24/2008

REAL ESTATE SENATOBIA - MARKET REPORTREAL ESTATE HERNANDO - MARKET REPORT These numbers were taken from the NWMAR MLS.    Senatobia:  16 units sold in May 2008 (7 were land) with average residential sales price of $136,94226 units sold in April 2008 (13 were land) with average residential sales price of $137,51545 units sold in May 2007 (14 wree land) with average residential sales price of $136,289 Hernando:40 units sold in May 2008 (3 were land) with average residential sales price of $211,84839 units sold in April 2008 (3 were land) with average residential sales price of $184,13856 units sold in May 2007 (4 were land) with average residential sales price of $191,118 Absorption Rate (includes Tate County, Desoto County, Marshall County, and Panaola County)42 weeks of inventory *Accur... 06/17/2008

Are you interested in a career in real estate and need to find a North Mississipi real estate company to work with? Or are you already working in real estate and interested in learning why so many North MS real estate agents choose Crye-Leike? There is an upcoming real estate career event Crye-Leike's Hernando Office. Map to Hernando office with Mapquest)We invite you to find out more about a real estate career and services for Crye-Leike sales associates. Date: Thursday, March 6th, 2008 at 6:00 PMRegister for this real estate career event in Hernando. Crye-Leike, Realtors is 4th in the nation and has real estate offices throughout the area providing North MS real estate. We started in 1977 and have since been building a reputation as a leading real estate company. Crye-Leike provides t... 03/03/2008

Well there isn't a magic crystal ball that tells us when to sell a home. Life goes on and people are always moving. Yes it seems that more people are moving over the summer time. However your home has just as much chance of selling during the summer as the winter if you price it right. Price sells anything. If the market is slow then you my need to cut your price. Remember the term Supply and demand from school,Well this also applies to real estate. If the supply is down then price will be up. Ask your agents advice and listen. Have your home ready to sell and priced right when you get it on the market. The longer your home is on the market the better chances you have of having to take less for your property. Being ready in the beginning is key to a great sell. ** Your moving pack that ... 09/14/2007