Market Update

#10

Monday Market Update for January 21, 2019: The Most Expensive Homes in Ocean Springs

Provided by Jennifer Jones of Rain Residential:

Below is a list of the 10 Most Expensive Homes sold in Ocean Springs per the Multiple Listing Service (MLS).  Again, this is according to our MLS, so if you know of someone who would like to share their home that we have not mentioned, let us know as we would like to see it 

Working in downtown Ocean Springs it always seems that the closer to downtown you get the higher the prices for homes.  It is probably not a surprise that if you live on the coast, the closer you get to the water the better.  As you will see waterfront reigns supreme when it comes to home prices here:

#10.  At just a little over 2,000 square feet this house is not to be underestimated.  It sits on over 1.7 acres on the corner of Downtown Ocean Springs and faces beautiful Front Beach.  It only had 2 bedrooms and 2 bathrooms, but it's charm, gated pool, guest house, and riparian rights sold it for $915k in 2015.

(Courtesy of Coldwell Banker Alfonso Realty OS - B/O)

(Courtesy of Coldwell Banker Alfonso Realty OS - B/O)

#9. This East Beach home has over 4,000 square feet with a guest house larger than many people's primary residences at nearly 1,700 additional square feet. Glorious views of the beach and the Gulf of Mexico make this home a deal at just $932k.

(Courtesy of Coldwell Banker Alfonso Realty OS - B/O)

(Courtesy of Coldwell Banker Alfonso Realty OS - B/O)

#8. This waterfront home has it all including walkability to downtown Ocean Springs.  Deep water access, a boat slip, pool, pool enclosure, outdoor kitchen, elevator, media room, and a generator and a wet bar.  Some lucky owner scooped all of this up for just $983.5k in 2015. UPDATE per Owner Jan 22, 2019 - SOLD for $1.3 M

(Courtesy of Owen & Owen Co, LLC)

(Courtesy of Owen & Owen Co, LLC)

#7 This Bayou Sauvolle Beauty was sold in 2007 for $990k.  It features high ceilings, a huge gourmet kitchen, deep water access, a boat dock, and bulkhead.  It also has over 4,500 square feet of living space.  

Courtesy of Ellis Branch Realty)

Courtesy of Ellis Branch Realty)

#6 Located on East Beach, this Mid-Century modern, beachfront home sits on 3.65 acres.  The home features 6 bedrooms and 6 bathroom, a gourmet kitchen, and a private pier with a boatslip.    This property was sold in 2015 for a cool $1M.    

(Courtesy of Moran Realty)

(Courtesy of Moran Realty)

#5 This executive home was sold in 2014 for $1.75K.  It is over 6,000 feet and sits on Spanish Point right off of Lover's Lane.  It was built tough on concrete walls and has a stunning multi-level saltwater pool.

(Courtesy of Coldwell Banker Alfonso Realty - OS, B/O)

(Courtesy of Coldwell Banker Alfonso Realty - OS, B/O)

#4 This traditional Southern charmer is located at the tip of the Gulf Islands National Seashore and it is a waterfront dream. It has 8 fireplaces, a 15' wet bar, a gourmet kitchen, deluxe appliances, a pool, and 360' of bulhead with deep water access.  It was sold in 2014 for $1.25K.

(Courtesy of Coldwell Banker Alfonso Realty - BSL)

(Courtesy of Coldwell Banker Alfonso Realty - BSL)

#3 This home in Bayou Sauvolle  has high ceilings, a HUGE kitchen, a pool, a pool room, and a boat house over-looking the beautiful Bayou.  This 6,000+ square foot home sold in 2009 for $1.29M.

(Courtesy of Owen & Co, LLC)

(Courtesy of Owen & Co, LLC)

#2 This Lover's Lane beauty sold in 2017 for $1.3M.  With views of the Back Bay from a tropical oasis of a backyard, it seems like a steal!

(Courtesy of Owen & Co, LLC)

(Courtesy of Owen & Co, LLC)

#1 This custom, French-Country home sold for $1.75M in 2016 and has just about everything a person could ask for including a private beach!  It also has 12 foot cypress doors, a walk-in wine cellar, outdoor living space, an infinity pool that looks out over uninterrupted views of the Gulf of Mexico and the barrier islands.  

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Our conclusion is that waterfront = $$$ but waterfront + downtown = $$$$.  That said, it looks like it is worth it!!!!


Monday Market Update: Government Shutdown impact

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Courtesy of Allen Stanfield at Rain Residential

For today's Monday Market update I wanted to take a look back over the first two weeks of January's market performance to see if we can find the impact of the continuing government shutdown and prediction of increase in interest rates.    

For this, I take a look at the first two weeks of 2017, 18 and 2019 and the sales completed in the Ocean Springs School District.  Historically January isn't one of the higher volume months but it sets the tone for the entire year.  With a constant modification of where interest rates will be in 2019, and the government shutdown continuing I take a look to see if this has negatively impacted the market. Should we expect a lull during this period of continued government ineptitude?  

Well, based on the stats, yes, yes we should.

In 2017, there were a of 11 sales, with a volume of $1,949,900 and average sales price of $177,226.  In first two weeks of 2018 there were a total of 14 sales, with a volume of $2,423,750 for an average sales price of $173,125.  The average was higher in 2017 over this time period mainly due to the highest individual sales price being 30% more than its 2018 counterpart.

In 2019, we currently only have 2 sales listed for this same time period.  The volume is less than a tenth of a year ago at $243,000 and an average sales price of $121,500.  Now these numbers could still increase as any closings late last week or today may not yet have been reported, but regardless, the numbers appear to be well behind those of the last few years.  

In both 2017 and 2018 the first two weeks of January proved to be some of the slowest times of the year,with less than 50% of the average over a two week period for the year, so it's not a telltale sign, but they did correlate with one another. In 2017 the average number of transactions over a two week period was 26.8, and in 2018 it was 28.3.  

So where is the good new in this?  First of all, this is a very small bit of information I'm using to make predictions.  Also, despite the fact there are only two closings, there are currently 70 homes listed as pending/pending contingent in the district.  That substantial amount would represent more than 10% of the entire 2018 transactions, and far more in total volume of sales with nearly 40% off those under contract being new construction builds. 

Second, if this trend is widespread in the national market, it could prove to inhibit any increase in interest rates, which could prove hugely beneficial to the market over the course of the year.

My prediction - government reaches a compromise, buyers anxieties are relieved.  Interest rates and inflation are held in check by a slow start to 2019 (albeit artificially inflated due to government shutdown) and savings at the pump.  Which leads us to and through an incredibly strong spring and summer for the market!

Monday Market Update - Homestead Exemption

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Happy New Year!

If you have not already done so, now is a good time to file for homestead exemption.  You only have to file once, but if you have never filed, or you purchased a your home in 2018, be aware of the deadlines to file (see links below).  Homestead exemption only applies to primary residences.

What exactly is Homestead Exemption?

In Mississippi, homeowners can take advantage of what's called a homestead exemption. Basically, a homestead exemption allows a homeowner to protect the value of her principal residence from creditors and property taxes. A homestead exemption also protects a surviving spouse when the other homeowner spouse dies. State homestead exemptions often have four features, including the well-known property-tax exemption on a portion of a home's assessed value.

Property Taxes

A homeowner's understanding when it comes to homesteading her property most often has to do with the property-tax exemption. Generally, this advantage of homesteading pertains to shielding a portion of a home's value from property taxes. Often, a typical homesteading advantage is that it'll exempt the first $25,000 to $75,000 of a home's assessed value from all property taxes. With a $50,000 homesteading exemption, you'll only owe property taxes on the home's remaining assessed value.

Forced Sale Immunity

With a homestead exemption, your home is shielded from a forced sale to satisfy creditors. For example, the lender financing your automobile can't force the sale of your home if you default on your auto loan. Before homestead exemptions, creditors could and often did try to seize a homeowner's property to satisfy all kinds of debts. Homestead exemptions, however, don't normally shield your home from forced sale in mortgage foreclosures or from defaulted property taxes.

Homestead Requirements
In order to declare a homestead on your home, it must be your principal residence. In Mississippi, homestead exemptions apply only to real property. You won't be able to declare your house boat or motor home a homestead under certain state's homesteading laws. Your homestead exemption and its advantages last until you effectively abandon the homestead, too. Commonly, you abandon an old homestead when you declare another home your new homestead.

Links for requirements and deadlines to file for Homestead Exemption:

From Kati Viola

Jackson County
https://www.co.jackson.ms.us/427/Homestead-Exemption-- 

Harrison Countyhttp://co.harrison.ms.us/downloads/Departmental%20Downloads/tax%20assessor/Pre-Application%20Form%20For%20Filing%20Homestead%20Exemption.pdf

Here are the top businesses that opened on the Coast in 2018, plus what’s still to come

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By Mary Perez

Family attractions — something residents have craved since Hurricane Katrina — finally came flooding back to the Coast in 2018.

A bountiful selection of new restaurants and coffee shops opened. New hotels are under construction and Biloxi got its first new movie theater in years.

Here are the big openings and closings on the Coast in 2018:

New attractions

▪ The $15 million Ocean Adventures debuted in Gulfport and lets visitors discover what it’s like to swim with a shark.

▪ Infinity Science Center virtually takes visitors to explore the bottom of the sea in the Deep Ocean Explorer, which is part of a $10 million expansion.

▪ Biloxi got high-speed Finishline go-karts and its first new movie theater in decades when Premiere Cinema opened at Edgewater Mall.

▪ Ship Island Excursions began sailing from East Biloxi as well as Gulfport. The Betsy Ann riverboat cruised along the Biloxi shoreline.

▪ A $16 million Marine Education Center and Gulf Coast Research at Cedar Point in Oceans Springs has an amazing swinging suspension bridge as one of its attractions.

New restaurants & bars

▪ Bayview Cafe opened at IP Casino with self-serve wine tasting machine

Chicken Salad Chick at The Promenade in D’Iberville is something new for the Coast

▪ New coffee shops are Jacked Up in Biloxi, Bright Eyed Brew Co. in Ocean Springs and PJ’s Coffee in Bay St. Louis

Saltgrass Steak House in Biloxi, across from Golden Nugget Casino, has been packed since it opened during Cruisin’ The Coast.

▪ Central Station Bistro on Central Ave. in Bay St. Louis

▪ New Mexican restaurants are La Rumba Mexican Grill in Diamondhead and El Gallo Mexican Restaurant in Kiln

▪ Godfather’s Pizza at Loves Travel Stop in Biloxi

Jimmy John’s, already operating in Biloxi, opens another sandwich shop in Gulfport

▪ Singing River Hospital Cafe reopens after makeover. Many fast food restaurants also got a total makeover.

▪ The opening of a non-smoking casino at Island View Casino in Gulfport also brings new restaurants with great views of the water.

▪ The restored Lovelace Drugstore and Soda Fountain in Ocean Springs has its grand opening.

Marco’s Pizza in Biloxi

▪ Thomas Genin, who owns The Blind Tiger and its five locations, opens The Harbor Bar and RAW Oyster Bar in Bay St. Louis.

▪ Mugshots restaurant moved to downtown Gulfport, and El Saltillo moved a few spaces down to its former location in Edgewater Village.

▪ Brackish Waters restaurant in Moss Point opened in June.

▪ A speakeasy, The Wilbur at The Roost Boutique Hotel in Ocean Springs, comes with an entrance hidden behind a bookcase.

▪ Miami rapper Pitbull comes to Biloxi to open his first iLOV305 bar at Hard Rock Casino Biloxi

Live Oak Lounge opens amid the trees in downtown Biloxi

New retail

▪ Old Navy opens at The Promenade in D’Iberville.

▪ Three major national outlets open at Gulfport Factory Outlets — H&M Clothing Store, Kate Spade and Vera Bradley

Pav & Broome reveals a $2 million expansion and renovation

Roses Express discount store opens next to Rouses Market in Gulfport

▪ Negrotto’s new gallery opens on Carl Legett Road, Gulfport

▪ Goodwill Super Store are opening across the Coast in Long Beach and Biloxi and coming to Ocean Springs

Closings

It wasn’t just openings that made the news in 2018. Several businesses closed, among them:

Tulane University and Virginia College, both in Biloxi and both with dropping enrollments

▪ Winn-Dixie on Pass Road in Biloxi

▪ O’Neals Seafood Restaurant on East Pass Road in Gulfport

▪ Alston’s Antiques and Gifts on U.S. 49 in Gulfport, which had been in business about 37 years

▪ Backyard Burger on U.S. 49 in Gulfport

▪ Dapper Pig men’s boutique in Long Beach

▪ The Dock restaurant in Gulfport was changed from a restaurant to a catering and event venue

Coast Nightclub at Beau Rivage Casino closed and became a dueling piano bar until it was remodeled into a sports book and bar.

Coming to the Coast

More big projects are on the way. Here’s the list of the major development:

▪ Land is being cleared in D’Iberville in the area where Gulf Coast Galleria shopping center is proposed.

▪ The $93 million Mississippi Aquarium is going up along U.S. 90 in Gulfport and is scheduled to open in late 2019 or early 2020.

▪ Margaritaville Resort Biloxi is getting a $200 million expansion, with an amusement park, waterpark and two hotels on the way.

▪ Barrington Development, the same company operating Margaritaville, is building a Holiday Inn that will open next year at Centennial Plaza in Gulfport and is restoring the Markham Hotel in downtown Gulfport and the former Santa Maria tower into the Watermark suites hotel in downtown Biloxi.

▪ Fun Times USA was washed away by Katrina but the amusement park is making a comeback, this time in Biloxi

▪ Rouses Market will move down the street in Gulfport to a remodeled store

▪ A more modern Waffle House is under construction in East Biloxi

▪ Hard Rock Biloxi is bringing to the Coast the 24th Sugar Factory American Brasserie eatery in the world.

▪ The ugly old Federal Building in downtown Biloxi was demolished to make way for new Community Bank

▪ The third Taco Sombrero Mexican restaurant on the Coast is under construction near Ocean Springs.

▪ Also coming to Ocean Springs is a new Aldi supermarket, Inlet mixed-use development, a new and improved Woody’s Roadhouse that is going up behind the current restaurant and a sprawling assisted living facility on Ocean Springs Road

▪ Sky Zone Trampoline Park will be opening next year at Edgewater Mall, and a Brick & Spoon restaurant outside the mall.

▪ New Orleans Saints great Deuce McAllister is partnering with Ballard Brands to open Ole Saint at Boomtown Casino Biloxi.

▪ Three performing arts centers are on the way — a $15 million, high-tech center theater under construction in Pascagoula, a 900-seat performance center at Biloxi High School and a 1,200 seat facility at the Jeff Davis campus of Mississippi Gulf Coast Community College.

Top building permits for 2018

The Treen Report shows that more than $186 million in building permits were issued for commercial projects on the Coast this year. The largest are:

  • $51 million for Mississippi Aquarium in Gulfport

  • $15.5 million for the Blake assisted living center in Biloxi

  • $14.7 million for performing arts center in Pascagoula

  • $6.5 million for Premier Cinema at Edgewater Mall

  • $5.5 million for Race Trac service station on Washington Avenue, Ocean Springs

  • $4.3 million for four-story hotel at Anchor Plaza on Daniel Boulevard in Gulfport

Monday Market Update - Can your front door increase your house price by $6000? Yep!

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If You Paint Your Front Door This Color, Your House Could Sell for $6,000 More

Thinking about starting—or finishing—some projects around the home this winter? Good call: It’s always a good idea to make some updates to increase your home’s value, but be sure you’re making the right updates to get the most bang for your buck (and time and hard work, if you’re going the DIY route).

It’s no secret that some home updates don’t increase your home’s resale value as much as others, and some—like an ornate painted mural of your whole family, for example—hold more emotional value than actual value and may even decrease the value of your home in the eyes of potential buyers. Even if you’re just looking for a simple painting project, a few coats of a new hue can give your home a major boost—a $6,000 boost, even, according to real estate search site Zillow’s 2018 Paint Color Analysis.

The 2018 Analysis looked at more than 135,000 photos from homes sold around the country to get an idea of how certain paint colors can impact homes’ sale prices (as compared to comparable homes with white walls). The biggest boost came from a black or charcoal gray front door—Zillow found that homes with a front door in one of these colors could sell for $6,271 more than expected. That’s a huge increase in potential sale price for the simple, one-day task of painting your front door.

In kitchens—arguably the most important room in the house, in terms of upgrades—two-toned cabinets (Zillow calls them “tuxedo kitchens”) are the way to go, this year: Incorporating cabinetry of two different colors can increase sale price by $1,547. Zillow found that white cabinets paired with a dark blue or black island are most commonly seen in top-performing home listings.

“While cool, neutral wall colors like tan and light blue are still popular, we’re seeing a notable shift in home design where pops of color—particularly in darker hues of blue and gray to even black—are becoming increasingly popular,” Zillow home design expert Kerrie Kelly said in a press release. “Contrasting colors, especially in kitchens and home exteriors, add interest and dimension to a room that plays very well in listing photos and videos.”

And as for what doesn’t play well, colors specific to a particular homeowner’s style, like a red kitchen, actually decreased the sale price of homes by a whopping $2,310. (Surprisingly, homes with yellow exteriors also sold for less, according to Zillow.) It just goes to show—if you’re planning to sell your home in the near future, consider staying away from overly bold design choices.

This article originally appeared on Real Simple.

For guidance on which colors to select for your home to get it ready to sell, contact any of our experienced Realtors at Rain Residential. Provided by Kati Viola, Rain Residential Realtor - (228) 273-5757 or Kati@RainDev.com

Monday Market Update: Ocean Springs stats

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I'm a proponent of stating the "good news" instead of the gloom and doom you hear about in the news and it was easy to find this week!  I searched for the market update for Ocean Springs. 



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The good news is we are doing far better than this time last year.  Homes are selling for average of $20,000 higher with 11 days less on market.  We sold 340 more homes than last year and 250 less listings.  Shows the real estate market is improving and with the growth in employment we have reported on for the last few months there is no reason to believe it will do anything but continue.  Great news for sellers!  If you have been thinking of selling, give us a call and we will help you get it sold and into your next dream home!

April Cook

Rain Residential

Monday Market Update: Selling during the holidays

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By Jennifer Jones

We have been busy little elves over here @RainResidential!

Maybe they have long Christmas lists to fill, but our clients are listing their houses right now and they are all asking if we think it is a bad time to sell.  While they always say that Spring is king when it comes to real estate, selling during the winter months can have its advantages.

According to Donna Fuscaldo with Investopedia, putting your house up for sale around the holidays has its benefits, granted you position your home right. Sure you may not get into a bidding war, but you are going to deal with serious buyers who are ready to pull the trigger.


There’s Less Inventory

Conventional wisdom says people should wait until the spring to get the most from a home sale. But studies have shown that homes listed around the holidays cannot only command more money but can also sell quicker than ones listed in the spring. One of the reasons is there is less competition during the holidays. For a multitude of reasons people won’t put their houses up for sale when the holidays are coming up, and so the ones shopping aren’t going to have dozens of houses to choose from. In the spring, inventory usually picks up, and price wars break out in coveted neighborhoods. But during the holidays, there will be limited choices which means a homeowner can have a higher asking price.

Buyers Are More Serious

Anyone who is shopping for a new home around Thanksgiving, Christmas or New Year’s is undoubtedly going to be a serious buyer. While hitting open houses is a favorite pastime for many Americans, they aren’t going to spend their precious time around the holidays seeing how the other half lives. In the spring, when open houses are a regular occurrence, people may check out homes without a clear plan to buy. If your house is up for sale in the winter and someone is looking at it, chances are that person is serious and is ready to pull the trigger. That can often result in a quicker sales process.

If you are interested in selling your home, then call us!  Also, check out these tips on getting your house ready to sell during the holiday season: https://www.hgtv.com/design/real-estate/top-10-tips-for-selling-your-home-during-the-holidays

Monday Market Update - What to Do With All That Stuff

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With Christmas here before we know it, our homes will be filled with lots of stuff!  If you are considering putting your home on the market, you'll need to get organized.  It may seem overwhelming, but we have found some fantastic tips to get you on the right decluttering track.  And, as always, give us a call, we are happy to stop by and offer pointers, remember we work with buyers and sellers every day, so we know a lot about what's important in getting your home ready to be sold.

What to Do With All That Stuff

Decluttering makes staging, selling, and moving easier—and less costly. As selling and spring cleaning seasons kick into high gear, create a toolbox of local solutions to help clients shed their unnecessary stuff.

April 2, 2018

by Barbara Ballinger

It seems everywhere you turn, there’s a new message on the many benefits of decluttering. One of the trend’s best-known spokespersons is Marie Kondo, whose first book, The Life-Changing Magic of Tidying Up, extolls the virtues of having fewer belongings and more space to showcase the things that spark joy.

A more sobering aspect of this movement has been revealed more recently in the form of “Swedish Death Cleaning,” which involves getting rid of anything you don’t need any more so as to relieve others of the task of discarding it after you’ve passed on. Margareta Magnusson, author of The Gentle Art of Swedish Death Cleaning: How to Make Your Loved Ones’ Lives More Pleasant, says the practice offers a soft underlying message of care for one’s heirs.

Truly effective—and lasting—decluttering is a multistep process. The elements will vary depending on each client’s situation, but here are tips on how you as a real estate pro can help them reduce the stress of the task. You may even find them helpful for your own space.

1. Consider the downsizers. Whether you’re helping them buy or sell, clients who are hoping to reduce the amount of living space they require may look to you as a cheerleader and adviser. They may find it tempting to put off those difficult decisions about what to keep and what to ditch until after the move, but if you can help them focus on what realistically can fit in their new home, that could save them significant money in moving costs, according to Barry Izsak, an organizer and moving expert based in Austin, Texas. This is an especially important factor for those moving long distances. Such clients may also need to be reminded to think about the climate they’re relocating to. Snowbirds are not likely to need an extensive winter wardrobe and should retain only a few items for visits back North or travel to cold-weather locations.

2. Know when to suggest professional help. Homeowners who can’t handle the task on their own should consider bringing on a certified member of the National Association of Professional Organizers or someone with many years of experience, says Izsak. As the former president of NAPO, he says the national hourly rate typically charged by members hovers between $50 and $100. Rhea Becker—who, as the Clutter Queen, offers organizing services for homes and offices in Boston—says many of her clients appreciate how professionals speed up the process by keeping them focused on maximizing profits and avoiding digressions over each object’s history. “With a professional, you have the best chance to cut the time and get some money on the table since they know what will sell,” she says.

3. Assemble a toolbox of local resources to share. Whether or not your clients decide to bring in a professional, it helps to categorize each item in a given area into one of five groupings: keep, store, sell, donate, or toss. Izsak says the litmus test he uses and shares with clients is to save an object only if it fits one of these three criteria: It’s useful, beautiful, or loved. Becker suggests homeowners snap photos of favorite items that are difficult to part with to give them a visual memory they can retain rather than keeping the item itself. Here’s specific help you can offer them for each pile:

  • Sell. Midcentury modern furniture and contemporary art both appeal widely to buyers of all ages, especially if they’re good quality and in decent condition. Create a list of estate sales specialists and consignment shops in your area that are known for fair dealing. However, be aware that many services that do the work of selling take a big cut, often half the sales price. If your clients are inclined to try to sell items themselves, suggest they try eBay for the best prices. However, if they’re not willing to go through the trouble of shipping sold items, encourage them to post goods on hyperlocal online sites, such as neighborhood Facebook groups or Craigslist.

  • Donate. Remember the adage, “One person’s trash is another’s treasure.” Suggest to older clients that they first ask their children to claim beloved items from their childhood. Becker says it’s important to set a time limit for those who are interested to pick up what they want. Donations is another area where you can be a hero by compiling a list of trustworthy sources in your neighborhood for your clients. Take note of what charities will accept and when, and even which ones will pick up donations, saving your clients time and hassle. Some charities have gotten choosier about what they accept. For instance, many won’t take mattresses, box springs, pillow cases, or sheets. Real estate salesperson Christopher Flores with Keller Williams Larchmont in Los Angeles suggests a local halfway house that helps troubled young adults stabilize their lives as a great destination for used goods. “That way they provide furniture and clothing they don’t need to those who may have nothing,” he says. Remind sellers that they may be able to secure a tax donation from the IRS if they contribute to a qualified tax-exempt organization. Because of recent changes in the tax code, it’s best for clients to keep detailed notes of what they donate and to consult their tax adviser for the exact percentages they will be able to write off.

  • Toss. While clients may be able to deposit a fair amount of stuff in their garbage cans for pick-up or take unwanted items directly to their local dump, they may save themselves some work by calling a local trash-hauling company or 1-800-GOT-JUNK, which operates nationwide. You can be a resource for clients by noting how much junk haulers charge and if there’s any products they won’t take. Homeowners can also consult HomeAdvisor’s list of trash-hauling service providers by ZIP code. Also, it’s important to be aware of laws governing trash. Some municipalities also allow homeowners to leave stuff by the curb with a sign “please take me,” while others levy fines for such activity. A more organized version of this idea comes in the form of local Freecycle chapters, part of a grassroots nonprofit where local people post stuff for free pickup in their own towns to help keep usable goods out of landfills.

  • Store off-site. It may be tempting to store certain household items off-site. Because the self-storage industry is growing, most neighborhoods or towns offer multiple choices. In fact, 84 percent of all U.S. counties have at least one self-storage facility, according to the Self-Storage Association. Suggest clients pick one that offers locked, insured, climate-controlled cubicles, which they can access whenever they want. Prices can vary widely. A storage facility in Staatsburg, N.Y. offers a 5-foot-square cubicle for $45 with a discount for college students. Michael McAlhany’s Units Moving and Portable Storage, headquartered in Charleston, S.C., charges an average of $140 a month for an 8-foot-by-16-foot unit in 14 states across the country. His company will bring a portable storage unit to a home or apartment, so owners can pack there rather than transport everything to the facility. However, remind clients that this isn’t a great long-term solution, as months can easily extend into years and even decades. “Often storage is a matter of postponing the inevitable. It’s better to get rid of whatever you don’t need,” Izsak says.

Monday Market Update - Can you believe this development!

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This is coming very close to us here in Ocean Springs and will benefit everyone.

Margaritaville will bring an amusement and water park, new details show

BY MARY PEREZ

meperez@sunherald.com

Plans have grown to $200 million for an expansion of Margaritaville Resort Biloxi.

The project by Biloxi Lodging LLC will bring more hotel rooms, restaurants and meeting space to East Biloxi along with what South Mississippi residents have clamored for since Hurricane Katrina destroyed so many family attractions — an amusement park with a giant Ferris wheel, plus a water park.

development agreement will go to the Biloxi Council on Tuesday. The project includes:

▪ A hotel tower on the south side of U.S. 90 with about 360 hotel rooms, 60,000 square feet of convention space, restaurants and food venues

▪ A hotel tower on the north side with 160 rooms plus restaurants

▪ An amusement park with multiple rides and amenities next to the current Margaritaville Resort Biloxi with a parking deck underneath.

▪ A water park on the north side of the highway.

The memorandum of understanding the Biloxi Council will consider on Tuesday includes establishing a tax increment financing (TIF) district to help pay for infrastructure once the project is built and a Sales Tax Tourism Rebate through Mississippi Development Authority. Work is expected to begin next year.

A TIF district in that area of Point Cadet could provide for improvements beyond Margaritaville, and include improvements to the marina, public boardwalks, shuttle boats to Deer Island and a parking deck financed by the developer, the city or both.

The hotel and amusement park project at Margaritaville was held up for about two years until the developers and Secretary of State came to an agreement on Tidelands property that will be used for the development to the west of the current Margaritaville.

The developer previously estimated the new amusement park and hotels will bring more than 1 million new visitors a year to Biloxi and create about 700 new jobs.

Monday Market Update: Biloxi development

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Residents, business operators applaud potential development of East Biloxi

BILOXI, MS (WLOX) - On Tuesday, the Biloxi City Council could make the first step toward making East Biloxi a major tourism destination. And, so far, at least, residents and businesses are loving the idea.

For club manager Julie Dubaz, this new development idea won’t just help keep her stock filled, it could bring the Point Cadet area back to the way it should be.

“This is where everybody started with the shrimp factories, it’s where the casinos started,” she said. “My family had a factory before Camille. So, they really do need to bring some stuff down here to bring some more people and bring this back to life.”

Biloxi Mayor FoFo Gilich wants to give the Point an economic shove with a $150 million convention center complex aimed at creating new jobs and revenue. One of the potential sites is the Tullis Toledano Manor location.

Dubaz is not only the manager for Club Veaux on Oak Street, she’s also a life-long resident of the area.

“I’m Yugoslavian and Italian, so, this is pretty much where they call came over and started from,” she said. “This is where our heritage is. So, it’s better to bring it back.”

This week, the city council will consider a resolution that would launch a feasibility study with a development group called BBR Biloxi.

Tyron Adams said bring it on.

“I’m 100 percent for it,” he said. “I saw them talking about it last night, and I’m ready for them to go forward. The sooner, the better. ... My family has been around here for 100 years and everything’s getting better after Katrina and I’m glad to see things come back.”

John King has lived at the Point his whole life and wants to see the best for his community.

“Well, down on this end now, which there’s nothing left after Katrina, anything would be best,” he said. “The Point is very important. It’s the east end of Biloxi and we need to bring it back.”

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