Olive Branch, MS Real Estate News

By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS Real Estate Market Report - January 2010 There were 37 homes sold in Olive Branch MS in the month of January with an average sales price of $182,359 and an average days on the market of 163. Here are the comparisons for last month and same time last year: December 2009sales:  46     Avg $169,623     Avg DOM  131 January 2010sales:  30     Avg $178,100     Avg DOM  127 Currently, there are 433 homes for sale in Olive Branch which represents an 8.7 month supply of homes.  Foreclosures make up 8.5% of the homes for sale. low price $34,000 high price $995,000 median price $195,000 ***********************************************************************************About the author:   Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS.  Copyright© ...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS Real Estate Market Report - December 2009 There were 46 home sales in Olive Branch MS in the month of December with an average sales price of $169,623 and an average days on the market of 131.  Foreclosures made up 31% of these sales. Here are the comparisons to last month and December 2008: Nov 2009sales:  67          Avg $161,186          Avg DOM  143 Dec 2008sales:  47          Avg $158,168          Avg DOM 103 This chart shows the average sales price decrease in the past couple of years: Currently, there are 420 homes for sale in Olive Branch MS Low list price $35,000 High list price $995,000 Median list price $195,000 Based on the sales of the last quarter of 2009, Olive Branch MS has a 6.8 month month supply of homes.  Foreclosures make up about 10.2% of those avai...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS HUD Homes For Saleby Pam SimpsonThe Kudzu Vine     8704 Bell ForestOlive Branch MS$127,0003 bedrooms, 2 bath FHA with Repair Escrow offered $100 down available for owner-occupants BID DEADLINE:  12/27/2009        ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^About the author:   Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS.  Copyright©  2009 by Pam Simpson.  All rights reserved...***Olive Branch MS HUD Homes For Sale*** FOR BUYERS:  Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates, First Time Homebuyer Guide FOR SELLERS:  Pricing, Selling Tips    LOCAL COMMUNITY INFO:  Tate County Community, Memphis Community, Southaven Community, Hernando Community MARKET REPORTS:  Foreclosure Repor...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS Real Estate Market Report - November 2009by Pam SimpsonThe Kudzu Vine There were 67 residential sales in Olive Branch MS for the month of November with an average sales price of $161,186 and an average days on the market of 143. Out of those 67 sales, about 27% were foreclosures.  Here are the numbers from last month and last year: October 2009sales   71          avg $180,729          avg DOM  151 November 2008sales   43          avg $166,354          avg DOM  89 There are currently 441 residential listings in Olive Branch MS with the prices ranging from a low of $35,000 to a high of $995,000.  The median price is $196,900. Using sales statistics from the past 90 days, Olive Branch MS has a 6.4 month supply of housing inventory.  There has been a steady decline of housin...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS Real Estate Market Report - October 2009by Pam SimpsonThe Kudzu Vine There were 71 residential sales in Olive Branch MS in the month of October.  The average sales price was $180,729 and the average days on the market was 151. Of the 71 sales in October, 8.5% of them were foreclosures. Here are the comparisons for last month and last year: September 2009Sales  68         Avg $184,670          Avg days on market  126 October 2008Sales  61       Avg $192,817          Avg days on market  143 Currently, there are 449 active residential listings in Olive Branch MS with prices ranging from $45,000 to $995,000.  The median listing price is $209,900. The 449 active listings represent a 6.8 month supply of inventory which is down exactly 1 month.  The percentage of active listing...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS Real Estate Market Report - September 2009by Pam SimpsonThe Kudzu Vine The number of residential sales in Olive Branch MS in September jumped to 68.  The average sales price increased slightly to $184,670 and the average days on the market was 126. Here are the comparisons for last year and last month: August 2009sales:  59       Avg. Price:  $178,631       Avg. DOM:  145 September 2008sales:  81       Avg. Price:  $194,437       Avg. DOM:  120 Out of the 68 homes that sold in September in Olive Branch MS, 25% were foreclosure sales. Currently, there are 486 active residential listings in Olive Branch MS.  This represents a 7.8 month supply of inventory which is down slightly.  The sales prices range from $54,900 to $1,270,000 with the median being $209,900.  Foreclosure...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS Real Estate Market Report - August 2009by Pam SimpsonThe Kudzu Vine Olive Branch MS is still holding steady with 59 recorded sales of residential properties for the month of August.  The average sales price was $178,631 and the average days on the market was 145. Of the homes that sold in August, 37.3% were foreclosures.  That number jumped about 10% from the previous month. Here are comparisons to last month and last year: July 2009sales:  59     Avg. Price:  $174,097     Avg. DOM:  127 August 2008sales:  71     Avg. Price:  $196,212     Avg. DOM:  126 Currently, there are 478 active residential listings in Olive Branch MS.  This number represents an inventory supply of 8.1 months.  The prices range from $54,900 to $1,270,000 with the median price being $199,900. Forecl...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS Real Estate Market Report - July 2009by Pam SimpsonThe Kudzu Vine The Olive Branch MS real estate market held steady at 59 sales this month.  The average sales price was down to $174,097 and the average days on the market was 127. The percentage of the July sales that were foreclosures was 27%. Here are comparisons to last month and last year: June 2009sold:  59          Avg $196,870          Avg DOM  128 July 2008sold:  70          Avg $196,012          Avg DOM  151 Overwhelmingly, the neighborhood with the most sales in July was Windstone. Currently, there are 494 active residential listings in Olive Branch MS.  The prices range from $59,900 to $1,270,000.  The median price is $209,900. There is an 8.4 month supply of inventory which is down about 1 month from June. Th...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS Real Estate Market Report - June 2009by Pam SimpsonThe Kudzu Vine There were 59 reported sales in the city of Olive Branch MS for the month of June which is the exact number reported for the month of May.  The average sales price was up to $196,870 and the average days on the market was 128. The percentage of sales in June that were foreclosures was a whopping 41%. Here are the numbers for last month and last year: May 2009Sold:  59          Avg $178,769          Avg DOM:  154 June 2008Sold:  75          Avg $180,423          Avg DOM:  120 The 3 Olive Branch neighborhoods which saw the most sales activity in June were Alexander Crossing, Asbury and Chapel Ridge. Currently, there are 514 Active residential listings in Olive Branch MS which represents a 9.8 month supply of...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS Real Estate Market Report - May 2009by Pam SimpsonThe Kudzu Vine The month of May saw 59 residential sales in the Olive Branch zip code (38654).  The average sales price was $178,769 and the average days on the market was 154. The 3 areas that had the most sales activity were Hamilton Place, Plantation Lakes, and Windstone. The percentage of those 59 sales that were foreclosures was 27%. Here is the same data for last month and last year. April 2009Sales:  39          Avg. $195,492          Avg. DOM 154 May 2008Sales:  87         Avg. $207,865          Avg. DOM  155 There are currently 540 Active Residential Listings in Olive Branch with prices ranging from $67,000 to $1,270,000.  The median price is $209,900.  These 540 listings represent a 10.7 month supply of inventor...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS Market Report April 2009by Pam SimpsonThe Kudzu Vine There were 39 reported residential sales for the month of April in Olive Branch.  The average sales price was $195,492 and the average days on the market was 157. Foreclosure made up 28% of the sold homes for Olive Branch MS in April.  Here is how the numbers compare with last month and April of last year: March 2009Sold:  53          Avg. $ 177,576          Avg. DOM 137 April 2008Sold:  73          Avg. $ 185,099          Avg. DOM 140 The neighborhood with the most sales was Magnolia Estates. Currently, there are 571 active residential listings in Olive Branch with the prices ranging from $33,750 to $1,270,000.  The median price is $209,900. <<05/05/2009
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The article entitled: Got-Junk expanding to North Mississippi Franchise owner sees 25% revenue growth by year end Memphis Business Journal - by Trey Heath  covers our expansion into the northern Mississippi towns of Olive Branch, Southaven, Walls and Horn Lake.  Check it out!!!
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS Real Estate Market Report - March 2009by Pam SimpsonThe Kudzu Vine Olive Branch MS saw 53 residential sales in March with an average price of $177,576 and average days on the market of 137.  Here are the comparisons for last month and March of 2008: Feb. 2009Sales  51     Avg $179,403     Avg DOM  119 March 2008Sales  63     Avg $181,765     Avg DOM  124 The area with the most sales was the Plantation Lakes / Henry's Plantation areas in north Olive Branch. **Note:  51% of the homes that sold in Olive Branch in March were foreclosure sales. There are currently 601 active residential listings in Olive Branch.  If sales continued at the same pace that they have for the past 90 days, it would take 13.4 months to sell all of those active listings.  That number is down from 14...
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By Angie Vandenbergh, A Crye-Leike Blogger
(Crye-Leike, Realtors)
If you have not owned a home in the last three years, you may be eligible for an $8000 tax credit on a home purchase. There is a free seminar to learn more. This event is on April 14th at Crye-Leike's Olive Branch real estate office. Please call 662-895-8300 for more information. You may also be interested in previewing homes on the market. View Olive Branch MS Homes for Sale under $250,000 or learn more about living in Desoto County in North Mississippi.
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By Tracy McNeil, Vice President, Broker - CRS, ABR
(Crye-Leike)
Residential properties in Olive Branch can be found in a wide array of price ranges.  There are currently 619 homes listed for sale with prices ranging from just below $100,000 up to over $500,000 . . . with just a few over the $1,000,000 mark.  The pricing breaks down as follows:   < $100,000 = 17 homes (Avg Days on Market = 113) $100,000-$149,999 = 123 homes (Avg Days on Market = 138) $150,000-$199,999 = 148 homes (Avg Days on Market = 161) $200,000-$299,999 = 225 homes (Avg Days on Market = 229) $300,000-$400,000 = 70 homes (Avg Days on Market = 301) > $400,000 = 36 homes (Avg Days on Market = 332)   Supply has dropped in all price ranges.  This is a good trend for sellers.   The average days on market for these listed homes is 206 days (up from 166 on 8/18/08).  The average list pri...
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By Peter Olsen, Rent To Own Homes, LLC
(Rent To Own Homes, LLC)
Rent To Own!  50% rent credit!  4 bedroom / 3 bath, 2400 square feet in Olive Branch, MS!!!  There is a 2 car garage and the lot is 1/2 of an acre that is fenced.  The home is within 2 miles of 6 schools and there is a church across the street.  There is a shingle roof and the siding is brick and vinyl which is 0 maintenance!   The whole home has been upgraded including trim and cabinets, oak flooring, and stainless steel appliances!  Rent is $1600/mo and first months rent and low down required to move in. Please contact us with any questions or visit us at http://www.50statesrent2own.com. Until next time.... Pete Olsen Rent To Own Homes, LLC www.50statesrent2own.com www.activerain.com/blogs/peteolsen01  
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS Real Estate Market Report - Feb 2009by Pam SimpsonThe Kudzu Vine Olive Branch saw 51 sold residential properties for the month of February with an average sales price of $179,403 and an average days on market of 119.  Both the average sales price and the average DOM increased from the previous month. January 2009     Sold: 29    Avg. $175,280     Avg. DOM  115February 2008    Sold: 59    Avg. $189,728     Avg. DOM  100 The neighborhoods with the most sales activity were Lees Crossing and Robinson Crossing. There are 617 Active residential listings in Olive Branch which represents a 14.6 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 w...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Olive Branch MS Market Report - Jan 2009by Pam SimpsonThe Kudzu Vine I do so much business in Olive Branch that I decided to start doing Market Reports for this area like I do for Hernando MS and Tate County MS.  This is my first market report for Olive Branch MS. There were 29 residential sales in Olive Branch for the month of January 2009.  The average sales price was $175,280 and the average days on market (DOM) was 115. The neighborhoods which saw the most activity were Lexington Crossing, Creekside Estates, and Hunters Ridge. There are currently 628 Active residential listings in Olive Branch.  Using a 90-day average, that represents a 15.8 month supply of inventory.  The prices range from a low of $49,900 to a high of $1,270,000 with the median at $209,900. 8.1% of the current act...
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By Tracy McNeil, Vice President, Broker - CRS, ABR
(Crye-Leike)
According to the Desoto Times-Tribune on 10/16/08:Construction of a $30 million planned commercial subdivision that will cater to senior citizens is expected to begin in December in Olive Branch. Preliminary plans for the development, to go up at 5500 Goodman Road in Olive Branch, were approved by city planning commissioners on Tuesday.For more of this story, click on or type the URL below:http://www.desototimes.com/articles/2008/10/16/news/doc48f7177e1aca6492687363.txtTracy KirkleyCrye-Leike Realtors 662-895-8300Olive Branch Homes For Sale
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By Tracy McNeil, Vice President, Broker - CRS, ABR
(Crye-Leike)
Residential properties in Olive Branch can be found in a wide array of price ranges.  There are currently 783 Olive Branch homes for sale with prices ranging from just below $100,000 up to over $500,000 . . . with just a few over the $1,000,000 mark.  The pricing breaks down as follows:    < $100,000 = 11 homes (was 15 on 3/27/08) $100,000-$149,999 = 122 homes (was 125 on 3/27/08) $150,000-$199,999 = 166 homes (was 193 on 3/27/08) $200,000-$299,999 = 315 homes (was 332 on 3/27/08) $300,000-$400,000 = 99 homes (was 125 on 3/27/08) > $400,000 = 70 homes (was 38 on 3/27/08)   Supply has dropped in all price ranges, except the $400,000+ market . . . which has nearly doubled its inventory.  This is a good trend for sellers in the below $400,000 market.   The average days on market for these ...
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