Tate County, MS Real Estate News

By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Tate County MS Real Estate Market Report - March 2011 This month's market report for Tate County MS graphically illustrates the effect of foreclosures on the average sales price of homes sold.  The number of homes sold in Tate County MS has increased to 10 sold in the month of March.  However, the average sales price dropped to $99,436 and the average days on the market was 127. Last month, all of the homes sold in Tate County were non-distress sales (no foreclosures).  This month, over 60% of the homes sold were foreclosures and the average sales price reflects that.   Here are the comparisons to last month and the same time last year: February 2011sales:  8     Avg $159,843     Avg DOM  138 March 2010sales:  23     Avg $122,710     Avg DOM  140 Sales by price range: Sales by Area:  Cu...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Tate County MS Real Estate Market Report - February 2011 Even though there were only 8 home sales in Tate County MS in the month of February, that is still an increase from the previous month.  The average sales price was $159,843 and the average days on market was 138.  Here are the comparisons to last month and same time last year: January 2011sold:  5          Avg $104,380          Avg DOM  94 February 2010sold:  7         Avg $73,817          Avg DOM  146 Currently, there are 142 homes for sale in Tate County MS. low price $32,000 high price $1,965,000 median price $155,500 This number of homes for sale represent a 16.3 month supply of inventory.  About 5.6% of the available homes for sale are foreclosures. &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Tate County MS Real Estate Market Report - January 2011 After seeing a slight increase in sales for December, Tate County experienced a sharp decline in both the volume of home sales as well as the average sales price for January. There were only 5 home sales for the month of January with an average sales price of $104,380 and an average days on the market of 94.  Here is the comparisons to last month and January of last year: December 2010sales:  13     Avg $150,630     Avg DOM:  109 January 2010sales:  10     Avg $129,240     Avg DOM:  163 The city of Senatobia MS had the most sales in January: There are 189 homes for sale in Tate County MS: low price $32,000 high price $1,965,000 median price $150,000 Because there are so many homes for sale in Tate County right now and due to the ve...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Tate County MS Real Estate Market Report - December 2010  Currently, there are 181 homes for sale in Tate County MS. Low list price $19,900 High list price $815,000 Median list price $154,900 Based on the sales figures for the last quarter of 2010, there is an 18.7 month supply of homes for sale in Tate County MS.  Absorption rates have been over 1 year for Tate County MS throughout 2010.  Foreclosures make up about 10% of the available homes for sale in Tate County MS. December sales were up (almost double) from the previous month in Tate County MS to 13 homes with an average sales price of $150,630 and an average days on the market of 109.  Here are comparisons to last month and December of last year: Nov 2010sales:  7          Avg $120,185          Avg DOM  102 Dec 2009sales:  15    ...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Tate County MS Real Estate Market Report - November 2010 There were only 7 home sales in Tate County MS in the month of November.  The average sales price was $120,185 and the average days on market was 102.  Here are the comparisons to last month and same time last year: October 2010sold:  9          Avg $139,775          Avg DOM  246 November 2009sold:  12         Avg $114,679          Avg DOM  137 Currently, there are 181 homes for sale in Tate County MS. low price $24,900 high price $815,000 median price $155,000 This number of homes for sale represent a whopping 20.1 month supply of inventory.  That is almost 2 years worth of homes for sale.  About 7.7% of the available homes for sale are foreclosures. ********************************************************************************...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Tate County MS Real Estate Sales Report - October 2010 The number of sales continued to decline in Tate County while the average sales price remained stable.  There were only 9 homes sold in Tate County MS in the month of October with an average sales price of $139,775 and an average days on the market (for homes sold) of 246.  Here are comparisons to last month and same time last year: Sept. 2010sold:  11     Avg sales price:  $139,754     Avg DOM:  176 Oct. 2009sold:  14     Avg sales price:  $156,942     Avg DOM:  180 Most of the homes sold during the month of October were concentrated in the county seat, Senatobia MS. The price range generating the most sales is the "under $100,000" category: Foreclosures make up less than 4% of the available homes for sale in Tate County but accoun...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Tate County MS Real Estate Market Report - September 2010 Tate County MS saw a decrease in the number of homes sold for September but an increase in the average sales price.  There were 11 homes sold in Tate County MS with an average sales price of $139,754 and an average days on the market for those 11 homes of 176. Here is how those numbers compare to last month and the same time last year: August 2010sales:  13    Avg. sales price:  $116,873     Avg. DOM:  163 Sept 2009sales:  16     Avg. sales price $101,722     Avg. DOM:  124 Here is a chart showing the trend for sales and average sales price for Tate County MS homes sales over the past year:   Here is a chart showing the location of the September home sales: Tate County MS home sales for September can be broken down into type of s...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Tate County MS Real Estate Market Report - August 2010 Tate County MS saw an improvement in both the number of homes sold and the average sales price in August over the previous month.  There were 13 homes sold in Tate County MS with an average sales price of $116,873 and an average days on the market for those 13 homes of 163. Here is how those numbers compare to last month and the same time last year: July 2010sales:  9     Avg. sales price:  $92,144     Avg. DOM:  164 August 2009sales:  18     Avg. sales price $91,325     Avg. DOM:  140 Here is a chart showing the trend for sales and average sales price for Tate County MS homes sales over the past year:   Here is a chart showing the location of the August home sales: Tate County MS home sales for August can be broken down into type o...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Tate County MS Real Estate Market Report - July 2010 Tate County MS continues to see a decline in its housing market.  There were 9 residential sales in Tate County MS for the month of July with an average sales price of $92,144 and an average days on the market of 164.  Here are the comparisons to last month and July of last year: June 2010:sales:  14        avg $172,497       avg DOM  152 July 2009:sales:  18     avg $124,688     avg DOM  235 I expected a big drop in the average sales price.  The sales price for the previous month (June) was inflated due to a sale of a large estate home with acreage. I have created charts to show the most popular price range and also the type of sales: For the first time since I have been doing these reports, the number of sales which are foreclosures...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Tate County MS Real Estate Market Report - June 2010 Tate County MS saw an increase in the number of homes sold in June over May.  There were 14 homes sold in Tate County MS in the month of June with an average sales price of $172,497 and an average days on the market of 152.  The average sales price is a bit misleading as there was one sale over $500,000 which is unusual. Here are how those numbers compare to last month and the same time last month: May 2010sales:  10     Avg $118,396     Avg DOM  93 June 2009sales:  7     Avg $119,071      Avg DOM 137 The real estate sales in Tate County MS can be broken down by type (foreclosure, short sale, regular) and by sales price: Currently, there are 186 homes for sale in Tate County MS: low price $25,000 high price $1,965,000 median price $16...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
119 Pecan Dr. Senatobia MSMLS 268044 Just listed - Great 3 bedroom, 2 bath home in Senatobia MS.  This home is located in the Senatobia School District and $0 down is possible with USDA.  There is also a $28,750 grant available.     Pam Simpson | Bob Leigh & Associates | (662) 560-8402 119 Pecan Dr., Senatobia, MS Great 3 bedroom, 2 bath home in Senatobia MS 3BR/2BA Single Family House   offered at $95,000 Year Built 1996 Sq Footage 1,210 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 1 Covered spaces Lot Size 7,150 sqft HOA/Maint $0 per month DESCRIPTION Fantastic 3 bedroom, 2 bath home in Senatobia. Take advantage of low interest rates, $0 down USDA loan and city of Senatobia grant to purchase this home now!   see additional photos below PROPERTY FEATURES - Central A/C - Cent...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Northwest MS HUD Home For Sale in the Country ***SOLD*** If you are thinking about buying a home in Northwest MS, contact Pam.   Pam Simpson | Bob Leigh & Associates | (662) 560-8402 2384 Hwy 305, Coldwater, MS HUD Home in Independence MS area 2BR/1BA Single Family House   offered at $75,000 Year Built 1967 Sq Footage 1,574 Bedrooms 2 Bathrooms 1 full, 0 partial Floors 1 Parking 2 Covered spaces Lot Size 1.25 acres HOA/Maint $0 per month DESCRIPTION HUD Home for sale in Independence MS area. Hardwood Floor in Living Room. 2 Large Bedrooms. Needs a little TLC but what a deal at $75,000!   see additional photos below PROPERTY FEATURES - Hardwood floor - Tile floor - Living room - Breakfast nook - Laundry area - inside - Yard COMMUNITY FEATURES - Covered parking       OTHER SPECIAL FEATURE...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Independence MS HUD Home for Sale with Acreage ****SOLD**** If you are thinking about buying a home in Northwest MS or would like more information about HUD Homes, contact Pam.     Pam Simpson | Bob Leigh & Associates | (662) 560-8402 162 Greer Rd, Coldwater, MS HUD Home with 4 Acres in Independence MS area. 3BR/2BA Single Family House   offered at $125,000 Year Built 2007 Sq Footage 1,593 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage Lot Size 4 acres HOA/Maint $0 per month DESCRIPTION 3-year old HUD Home on 4 acres. This brick home has a split bedroom plan, family room fireplace, separate dining room, stainless dishwasher and microwave, architectural shingles, and covered back patio.   see additional photos below PROPERTY FEATURES - Central A/C - Central heat - F...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Tate County MS Real Estate Report - May 2010 Tate County MS saw a slight increase in the number of homes sold in May but the average sales price decreased.  There were 10 home sales in Tate County MS with an average sales price of $118,396.  The average days on the market went down to 93. Here are how the numbers compare to last month and the same time last year: April 2010sales:  8          Avg $122,862          Avg DOM  129 May 2009sales: 17          Avg $115,892         Avg DOM  172 The city of Senatobia MS had the most real estate sales activity: Most of the sales in Tate County MS in May were "arms-length" sales that were not foreclosures or short sales: The most active price range is the "below $100,000" price point: Currently, there are 176 available homes for sale in Tate County...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Northwest MS HUD Home in Golden Pond Neighborhood ****SOLD**** This HUD home in Golden Pond subdivision in Coldwater MS was just placed on the market June 4, 2010.     This 2400 square foot home on 3 acres has 3 bedrooms, 2.5 bathrooms, a playroom and bonus room.  The list price is $155,000.         Home needs TLC and is eligible for FHA financing with an escrow for repairs.  Possibility of $100 down payment with FHA loan.  For questions about this home or the FHA loan program for HUD homes, contact Pam Simpson.   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^If you are looking for a Realtor® who knows the local Northwest MS real estate market, contact Pam. About the author:   Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. ...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Tate County MS Real Estate Market Report - April 2010 Apparently, the volume of sales for March was an anomaly as the number of sales in Tate County MS dropped to 8 for the month of April.  The average sales price was $122,862 and the average days on the market was 129. Here are the comparisons to last month and the same time last year: March 2010sales:  21     Avg $124,707     Avg DOM  153 April 2009sales:  14     Avg $107,492     Avg DOM  105 The sales in Tate County MS for April can be broken down into sales by type, price range, and area. This graph shows the sales by type: Sales by price range: Sales by Area:   Currently, there are 163 residential properties for sale in Tate County MS which represents a 13.6 month supply of inventory. lowest price $12,500 highest price $825,000 med...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Tate County MS Real Estate Market Report - March 2010 Tate County MS had triple the amount of real estate sales in March over February.  There were 21 residential sales in the month of March with an average sales price of $124,707 and an average days on the market of 153. Here are the comparisons to last month and same time last year: Feb. 2010sales:  7          Avg $73, 817          Avg DOM  146 March 2009sales:  14         Avg $100,421        Avg DOM 112  As you can see, distress sales (foreclosures + short sales) made up more than half of all the homes sold in Tate County MS last month.             By far, homes price under $100,000 make up the biggest category of homes sold in Tate County MS.    Currently, there are 164 active residential listings for sale in Tate County MS: lowest ...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Meadow Oaks in Senatobia MS Meadow Oaks is a beautiful neighborhood located off Highway 51 at the south end of Senatobia MS.  This subdivision is known for its large lots and well kept homes.  Meadow Oaks in Senatobia MS is a small to medium size neighborhood of approximately 60 lots.  The development started about 15 years ago but most of the homes are less than 10 years old.  There were many different builders who built homes in this Senatobia MS neighborhood, so there is a variety of home styles. Currently, there is only one home available for sale in the Northwest MS MLS in Meadow Oaks.  It is a five year old home with 4 bedrooms and 3 baths on a 1.9 acre lot.  It is listed for $239,000.  The pictures above are of another home in Meadow Oaks that I have currently under contract. One...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
Golf Course Living in Senatobia MS There is only one area where you can experience golf course living in Senatobia MS.  It is Back Acres Country Club.  Back Acres Country Club is the name of the golf course and also the name of the neighborhood. Back Acres golf course is a private regulation length 18 hole golf course that was built in the 1960s.  It has a par of 72 and a yardage of 6511.  This course was desgined by James Gabbert and John Darah.   Senatobia MS is the county seat for Tate County MS and is located about 30 minutes south of Memphis TN along Interstate 55.  Approximately 7,000 call Senatobia MS home.     A large portion of the homes at Back Acres subdivision were also built in the 1960s and 1970s.  There are a few newer homes tucked into this golf course neighborhood in Se...
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By Pam Simpson, GRI, Broker-Assoc.
(Bob Leigh & Assoc., LLC)
New Homes with Acreage in Senatobia MS Just a short five mile drive east from the town of Senatobia MS is a neighborhood of new homes with acreage.  Rolling Oaks is a small development of less than 30 lots at the corner of Gravel Springs and Yellow Dog Rd. in Senatobia MS.  Yes...that's Yellow Dog Rd.  Not sure about the story behind that name.  I like to think that maybe someone who lived on that road many years ago had a loyal 4-legged companion, perhaps a Lab or Golden Retriver. Senatobia MS is the county seat of Tate County MS.  Even though Rolling Oaks is not in the city limits, it has the Senatobia MS zip code of 38668.  The population of Tate County is just over 27,000. Rolling Oaks is located right down the street from Chapel in the Pines Wedding Chapel. This development of new ...
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