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Boots-On-The-Ground Tour
2005:
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Biloxi &
Gulfport, Mississippi
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Area Overview |
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The Biloxi/Gulfport
Mississippi area is an interesting place to watch for
preconstruction opportunities. There is a combination of
lower prices than the rest of the Gulf coast, available beach
front for development, casinos to offer year round income
potential, and great southern weather. As you listen to
the materials presented, you may conclude that you would also
like to watch this area grow.
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Boots-on-Ground Commentary |
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Dr. Chris Anderson
spent the day on the Mississippi Gulf coast talking with people
and getting a general overview of the area. Listen to this
audio recording of his thoughts about the area and some of the
local real estate.
15
min, 35 Seconds
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Interview Audio |
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We interviewed one of
the top preconstruction real estate experts in the area who has
also lived there for 35 years. Listen to her perspective
of future growth potential and where she is investing her money.
19 min, 47 Seconds
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Recent
Preconstruction Offerings |
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Having an idea of what
has gone on recently can be very helpful in evaluating future
offerings.
| Name |
Results |
Starting Price |
Current Price |
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Lakeshore
MS Condos
(Recent
offering) |
121 Units Sold Out in
10 Hrs |
$296 -
$301/Sq. Ft |
$340 - $347/Sq. Ft |
| Pass Marianne Condos |
Sold Out |
1281 SF for $279K |
1281 SF for $448K |
| Legacy Condos |
Tower 1 & 2 Sold Out |
$218//Sq. Ft (2002) |
$342 - $389/Sq. Ft |
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Maps of Area |
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For an interactive map of the area,
click here. Make sure you also click the satellite
view to get a much better perspective. Notice also that
the area centers around two bodies of water, the Gulf of Mexico
and the Back Bay area. Also, if you scroll to the west,
you will find the Bay of St. Louis which is where some major
preconstruction projects are being added. 
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Sales Volume Charts |
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In
preconstruction investing, we are always interested in increasing
prices. What drives prices up is when demand outstrips supply.
In any given area, you would like to see the volume of transactions
increasing which then indicates properties are selling. When
markets start to lose volume, investor need to become very cautious.
This plot shows raw sales volume by month in the Biloxi area (does
not include Gulfport)
This chart
shows sales volume on a % basis relative to the previous years
sales volume. This helps to take out seasonal drops.
Both looks at volume seem to indicate an area that is increasing
in sales volume.
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Area Links |
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The links below are for additional local information and
resources:
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NOTE |
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