Pat Starnes' Snippets

Brandon MS ~ Castlewoods Market Condition Report for October 2010

In October 2010, two new homeowners purchased homes in Castlewoods Subdivision, one of the largest neighborhoods in Rankin County. These two properties had a combined average sales price of $204,000, with an average time on the market of 174 days.

In comparison, five homes closed in Castlewoods during the month of September 2010, and a whopping 12 properties closed last year during the month of October 2009. Year-to-date closed sales for 2010 vs. 2009 are 58 and 74, respectively.

Fourteen homes were added to the market during the month of October, bringing the total number of homes for sale in Castlewoods to 80.

Four homes are under contract (pending or contingent) and four properties either expired or were removed from the market in October.

Home prices in Castlewoods range from the low $100s for resale upwards of $300,000. New construction properties are included in these statistics.

Castlewoods, one of Rankin County's premiere neighborhoods, is built around Castlewoods Country Club and is located in NW Rankin School District.

See current Homes for Sale in Castlewoods Subdivision ~ Brandon MS

If you are looking to sell your home, but are discouraged by what you read or hear about the real estate market, don't despair. While it is true that the market is challenging, it is encouraging to note that some homes DO SELL. If you need to sell, your home will have to BEAT THE COMPETITION.

What do I mean by "Beat The Competition"?

Your Castlewoods home will have to be priced competitively, because buyers shop by comparison. Your house will have to shine from top to bottom. Every nook and cranny should be clean and freshly painted. For FREE tips to Make a Good First Impression, click here:

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Rankin County, MS ~ Market Snapshot for September 2010

The number of homes for sale in Rankin County for the month of September totaled just over 1000, for an average list price of $214,002. The breakdown for each city follows:

The number of Rankin County homes that sold during the month of September were 112. Seventy-three of these homes were in Brandon (75 homes sold last year in this area during the same time frame). 14 sales were in Pearl, (down from 31 last year), six homes sold in Flowood, in comparison to last year in which 8 Flowood homes sold. Ten homes sold in Florence, (compared to 9 sales during the same time last year) and 9 homes sold in Richland (compared to 4 sales last September).

For questions regarding this market snapshot for Rankin County, or if you are considering a home sale or purchase, I welcome your questions or comments.

Rankin County, one of the fastest growing counties in Mississippi,includes the cities of Brandon, Pearl, Flowood, Richland, Florence, Pelahatchie, Puckett, and several smaller communities. Brandon is the county seat.

Brandon MS ~ Market Condition Report for September 2010

~ 39047 ~

Number of Available listings on the market: 443

Average LIST price of these homes: $232,944

Average DOM (Days on the Market) for listed homes: 131

Number of Closed Sales for September 2010: 43 vs. 48 for same time last year

Average SALES price of closed sales for month of September: $190,166

List to Sale Ratio of closed homes in Brandon (39047) for September 2010: 96%

Sixty-four (64) Northwest Rankin homes are pending (under contract) in this area. The number of Brandon, MS Reservoir area homes sold year-to-date in 2010 is 449, three units more than the same time last year.

~ 39042 ~

Number of Available listings on the market: 206

Average LIST price of these homes: $206,856

Average DOM (Days on the Market) for listed homes: 136

Number of Closed Sales for September 2010: 26 vs. 27 for same time last year

Average SALES price of closed sales for month of September: $179,321

List to Sale Ratio of closed homes in Brandon's 39042 for September 2010: 95%

There are 31 homes currently under contract in Brandon, MS. The number of homes sold in Brandon's 39042 year-to-date is 212, down from last year's to-date total of 242.

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Brandon's 39042 encompasses Highway 80, Interstate 20, Highway 18, Louis Wilson Drive, "Downtown" Brandon, and all parts in-between.

Brandon's 39047 includes Lakeland Drive (Highway 25), part of Old Fannin Road, the Ross Barnett Reservoir (Rankin side), most of Hwy 471, Spillway Road, and the Northshore area.

 View previous Brandon MS Market Reports

If a move is in your future, it pays to consult a neighborhood expert. Feel free to contact me if you have any questions regarding today's real estate market.

Castlewoods ~ Brandon, MS Market Condition Report ~ September 2010

In September 2010, five (5) houses closed in Castlewoods Subdivision, with an average sales price of $217,180. The average days on the market for these five homes were 60 days.

There were 18 new listings added to the market in September, bringing the total number of available homes in Castlewoods to 72.

There are 10 homes under contract (either pending or with contingencies), and five properties expired (left the market) in September.

Castlewoods market appears to be improving, since last month there were five closings, compared to three in September 2009. Likewise, there were three closings in August 2010. Year to date, however, sales have decreased 15% from 2009 statistics. The month with the most closings? June 2010.

Home prices in Castlewoods predominantly run between $100,000-$200,000 (47% of inventory) and $200,000-$300,000 (34% of inventory). The remaining 18% are priced over $300,000.

Castlewoods is one of Rankin County's finest neighborhoods, complete with an 18-hole golf course, clubhouse, olympic-sized pool, tennis courts, walking trails, etc. Membership to the club is optional. Learn more about Castlewoods Country Club.

Search available homes in Castlewoods Subdivision ~ Brandon MS

Brandon MS Market Conditions Report (39042) ~ August 2010

In August, 48 homes were added to the market, bringing the total number of homes for sale in Brandon's 39042 zip code to 219. Following is a brief breakdown according to price:

There were 19 closings in Brandon for August 2010, compared to 28 in August 2009, a 32% reduction. Although closings are down, it is encouraging to note the number of pending transactions total 46 units.

Fourteen houses expired during this time frame, indicating the prices were unacceptable to buyers.

The average sales price of homes in this area of Brandon is $145,000.

If a move is in your future, it pays to consult a neighborhood expert. Feel free to contact me if you have any questions regarding today's real estate market.

Search homes for sale in Brandon, Ridgeland, Madison, and metro Jackson MS