Small Mississippi towns in DeSoto County are experiencing growth, says a local Realtor.
Horn Lake
"Horn Lake is a delightful small town with a warm, friendly atmosphere," says Realtor Regina Mohamed. "Horn Lake has experienced growth like much of DeSoto County. The parks department has expanded with new baseball fields. Currently over 220 existing homes are listed and make up the largest portion of the real estate market, averaging 90 days to sell. New home construction makes up about one third of the market. Existing homes are holding value but must compete against new construction. New construction costs are continuing to rise which is reflected in the pricing."
Hernando
"Historic Hernando is one of Mississippi's best kept secrets," says Mohamed. "The rich history of DeSoto County can be found just walking around the courthouse square. You will enjoy the small town atmosphere and charm of this community."
Mohamed explains, "Hernando is still experiencing a buyer's market. Over 270 homes are listed, of this amount approximately 150 are new construction. New construction creates competition with existing housing. More and more people choose new construction over an existing home. Existing homes are averaging 90 days or more to sell. Construction costs are still rising, we can see this correspond with the new construction prices. Many people overlook existing homes. Often times a new home is smaller than an existing home within the same price range."
Olive Branch
"Olive Branch offers the best of both worlds: pleasant, comfortable, uncongested living and employment all less than 30 minutes from the financial, cultural and distribution center of the Mid-South. It has award-winning schools, a diverse economy and an airport, all with a small town atmosphere."
The population of Olive Branch is growing, and it's now over 30,000 residents. "Olive Branch is still experiencing a buyer's market with over 450 homes currently listed, more than 235 are new homes. Existing homes are moving a little more slowly than any seller or Realtor would like. Existing homes, while holding value, are competing against new construction. However, construction costs are still rising, and these costs are reflected in the pricing of new homes."
Published: October 27, 2003
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