Plenty of beachfront real estate on the market in Harrison Co. - - The News for South Mississippi

Plenty of beachfront real estate on the market in Harrison Co.

(Photo source: WLOX) (Photo source: WLOX)
(Photo source: WLOX) (Photo source: WLOX)

You can spot them all along the beach front: For sale signs. Nearly 10 years after Hurricane Katrina, how is the market for such property?

There are dozens of for sale signs in each city along the Coast. Residential and commercial properties are available all along the beachfront.

“The market is static at best. The usual suspects are: Supply is just out stripping demand, listing prices are still too high, insurance rates, and, of course, the FEMA maps,” said realtor Brian Bolis.

Bolis recently sold one prime piece of beachfront real estate in Biloxi for a new restaurant.

“What happened here on the beach after the hurricane, a lot of the chains that were here, went up towards I-10 and the 110 and Crossroads, and the mom and pops just didn't come back,” Bolis explained.

Another real estate professional says residential development is returning to the beachfront.

“There's things that are happening. There is progress that we're making down here. I think now that people, especially with the insurance getting a little bit lower and more reasonable now, we'll start to see more people moving back to the beach,” said Kenneth Jones, with Alfonso Realty.

Jones says elevation remains an issue for both residential and commercial development.

“There's only so many commercial businesses that can build up. You're never going to have a Walgreens that's going to build up 10 feet in the air. Or even a Dollar Store or something like that,” said Jones.

When WLOX News did this same story more than three years ago, Steve Phillips drove bridge to bridge in Harrison County and counted 176 for sale signs on beach front property. He made that same drive again Friday and counted 173 signs.

“Overall, the real estate market, the commercial market, is coming back in certain areas,” said Bolis. “It's just that land along the beach hasn't joined the party yet.”

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