Mobile Al Real Estate and Gulf Coast Alabama Area Homes For Sale » Mobile real estate

Now is the time to buy your Mobile, Alabama Metro home! Check out the numbers!

Barbara Reeves — Thu, 26 Jan 2012 15:46:51 +0000

I totally understand how apprehensive buyers are in making the decision to move forward with the purchase of your Mobile, Alabama Metro home, buying your first home or moving to a larger home. In 1968 (in the Olden Days as my children say) when my husband and I purchased our first home, the idea of signing papers committing to pay $110. monthly for 30 years totally freaked us out, we were getting by paying $65 a month for our little 2 bedroom 1 bath home.

The cost to build our new 3 bedroom 2 bath brick home cost us $13,995, financed for 30 years at 8% interest! The lender did not want to give us our loan because he did not feel we could pay nearly twice as much for housing as we were paying in rent, when I pointed out we had paid $125. a month in California the year before, on less income, we got the loan.

When we filed our income taxes, we were able to file a 1040 long form instead of a short 1040A, much to our delight the difference in our taxes was HALF of our house payments for the year! So our home really cost us less than the rent we were paying! Tax laws have changed and your numbers may not turn out with this much difference.

What this means to you, early this morning numbers were running through my head, so I just had to let all of you buyers on the fence know what I was thinking. Number one the low interest rates are HISTORICALLY LOW and all the experts say they will rise and when they do we will have no warning!

I want to tell you about a situation I had with a client buying a Mobile, Alabama home costing $200K, financed at 3.75% interest for 30 years fixed equals a principal and interest payment of $902.75. If the rates rise to 5% the principal and interest payment would be $1,046.43. If they rise to 7% the principal and interest payment will be $1,296.87. I know the first thing that comes into your mind, prices on homes may go down and I will be paying too much, however, if the house goes down to $190K and the interest rate is 7% your principal and interest would be $1,233.20.

A total of $330.55 more a month for a house $10K less! If you have doubts about buying a new home, now is the time to buy.

Showing properties 1 - 5 of 168. See more city of Daphne real estate.
(all data current as of 2/7/2012)

$150,000 : 111 Bel Air Cir, Daphne

4 beds, 2 full, 1 part baths

Home size: 2,565 sq ft

Lot size: 8,496 sq ft

Year built: 1990

Parking spots: 2

Days on market: 0
$389,900 : 217 North Cir, Daphne

3 beds, 2 full, 1 part baths

Home size: 3,250 sq ft

Lot size: 11,130 sq ft

Year built: 2005

Days on market: 3

Walk Score®: 31
$229,000 : 25139 Jernigan St, Daphne

4 beds, 2 full baths

Home size: 2,568 sq ft

Lot size: 19,964 sq ft

Year built: 2008

Days on market: 3
$195,000 : 26264 Tullamore Dr, Daphne

4 beds, 2 full baths

Home size: 2,205 sq ft

Lot size: 12,040 sq ft

Year built: 2009

Days on market: 4
$288,500 : 720 Oak Bluff Dr, Daphne

3 beds, 2 full baths

Home size: 2,328 sq ft

Lot size: 3.47 ac

Year built: 1989

Days on market: 4

Walk Score®: 29

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Mobile Alabama Top Ten Markets Set For Biggest Rise in 2011

Barbara Reeves — Mon, 23 May 2011 15:36:09 +0000

10 housing markets set for biggest rise in 2011

“Two different kinds of cities to see rebound in house sales; reasons include increase in jobs and lower real estate prices”

By Mary Beth Nevulis, HousingZone Contributing Editor

May 13, 2011

“Despite U.S. housing markets being generally dreary since 2008, there are a few promising patches across the country, according to 24/7 Wall St. Review . 24/7 Wall St. looked at data from Fiserve Case Shiller, which gathers and analyzes housing information, and compiled a list of ten markets that will rebound the most in 2011.

The list indicates that two kinds of real estate markets are on the rise: one that was generally stable, but was hurt by the recession; and one that will rise because lower housing costs are making it affordable for residents to buy a home for the first time in decades.

The twelve cities in which homes prices will increase the most in 2011 are divided into two categories. One comprises cities in the Northwest with mostly white populations, stable middle classes andone or two major industries that dominate employment. Some of these cities are removed from larger metropolises like Chicago or L.A., meaning they serve geographic areas that might stretch several hundred miles, making them business and agricultural hubs.

The second category of cities is composed of cities that have not been as economically prosperous, but have made the list because lower housing prices have changed the residents’ ability to purchase homes that were previously unaffordable.”

10. Great Falls, Montana
9. (three-way tie) – Cheyenne, Wyoming; Kennewick-Pasco-Richland, Washington; Myrtle Beach-Conway, South Carolina
8. Idaho Falls, Idaho
7. Bremerton-Silverdale, Washington
6. Grand Junction, Colorado
5. Bellingham, Washington
4. Spokane, Washington
3. Tacoma, Washington
2. Madera-Chowchilla, California
1. Mobile, Alabama

For more information: http://247wallst.com/2011/05/11/housing-markets-that-will-rise-most-this-year/

Showing properties 1 - 15 of 233. See more city of Mobile real estate.
(all data current as of 2/7/2012)

$2,550,000 : 3816 Austill Ln, Mobile

5 beds, 3 full, 2 part baths

Lot size: 1.14 ac

Days on market: 0
$349,900 : 6603 South Lubarrett Way, Mobile

5 beds, 2 full, 1 part baths

Lot size: 12,615 sq ft

Year built: 2006

Days on market: 0
$439,900 : 1862 Redberry Ct, Mobile

4 beds, 3 full, 1 part baths

Lot size: 2,700 sq ft

Year built: 2008

Days on market: 0
$425,000 : 2206 Riverside Dr, Mobile

3 beds, 3 full baths

Home size: 2,700 sq ft

Lot size: 1.85 ac

Year built: 1971

Days on market: 0
$395,000 : 753 Saint Francis St, Unit 4003, Mobile

3 beds, 3 full, 1 part baths

Home size: 2,540 sq ft

Parking spots: 2

Days on market: 3

Walk Score®: 69
$379,900 : 563 West Shenandoah Rd, Mobile

5 beds, 3 full baths

Home size: 3,261 sq ft

Year built: 1975

Parking spots: 2

Days on market: 4

Walk Score®: 49
$339,399 : 2113 Ryegate Ct, Mobile

4 beds, 3 full, 1 part baths

Home size: 4,000 sq ft

Lot size: 15,010 sq ft

Year built: 1986

Days on market: 5

Walk Score®: 35
$339,500 : 28 Edgefield Rd, Mobile

3 beds, 2 full, 1 part baths

Home size: 2,270 sq ft

Lot size: 19,625 sq ft

Year built: 1968

Parking spots: 2

Days on market: 7

Walk Score®: 63
$325,000 : 4044 South Marchfield Dr, Mobile

4 beds, 3 full baths

Year built: 1987

Days on market: 7

Walk Score®: 32
$329,900 : 10010 Highfield Way, Mobile

4 beds, 4 full baths

Home size: 3,078 sq ft

Year built: 2008

Days on market: 10

Walk Score®: 5
$999,700 : 212 Rochester Rd, Mobile

6 beds, 4 full, 1 part baths

Home size: 4,960 sq ft

Year built: 1954

Parking spots: 3

Days on market: 11

Walk Score®: 38
$369,000 : 1654 Dauphin St, Mobile

3 beds, 2 full, 1 part baths

Home size: 2,883 sq ft

Year built: 1988

Days on market: 11

Walk Score®: 55
$875,500 : 3607 Provident Ct, Mobile

5 beds, 5 full, 1 part baths

Home size: 4,772 sq ft

Days on market: 11

Walk Score®: 37
$369,000 : 3435 Raleigh Way, Mobile

4 beds, 2 full, 1 part baths

Home size: 3,455 sq ft

Lot size: 5,547 sq ft

Year built: 2003

Parking spots: 2

Days on market: 11

Walk Score®: 9
$729,900 : 1440 Stone Hedge Dr, Mobile

4 beds, 3 full, 1 part baths

Home size: 4,505 sq ft

Year built: 2007

Days on market: 12

Walk Score®: 37

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Snapshot of Mobile County Housing July 2009

Barbara Reeves — Mon, 21 Sep 2009 19:09:11 +0000

School is back in session at the University of South Alabama and homes near campus are desirable! 16 homes sold in July 2009 in the Springhill / USA area of Mobile. The average sales price of $314,591 equated to $118.21 per square foot. These homes spent an average of 98 days on the market prior to selling. There are currently 177 homes actively listed in Springhill/ USA, and their average prices is $432,847 or $135.99 per square foot.

In Cottage Hill, there is a large inventory of available homes, with 371 on the market. 37 sold in July for an average sales price of $159,819. This works out to $81.69 per square foot of living area and they spent an average of 87 days on the market. There are currently 62 sales pending in Cottage Hill, with the average sold price of $157,409.

The Downtown / Midtown area of Mobile has a big inventory of 475 homes on the market, with an average asking price of $181,878 or $96.99 per square foot of living area. This is significantly higher than the price of homes which actually sold. In July, 28 sold in Downtown / Midtown for an average of $121,616 or $74.50 per square foot.

West Mobile/ Semmes continues to be the most active area for Mobile’s real estate market. In July, 61 homes sold in this area for an average sales price of $182,996 and $90.32 per square foot. These homes sold after 92 days on the market. There are 110 contracts pending in West Mobile / Semmes for an average sales price of $160,829 or $89.39 per square foot. Barbara Reeves, REALTOR, is an expert in these communities and is able to assist you in taking advantage of this market to find your dream home. Visit her at http://www.barbarasellsdaphne.com.

New Hotel Starts Construction in August, designed for extended stay in the Mobile AL area

Barbara Reeves — Sat, 20 Jun 2009 15:17:13 +0000

This August construction is expected to start on a new hotel in downtown Mobile AL. The project is estimated to cost $9 million and will include 81 rooms. Though it is being developed by the same people that brought the newly opened Hampton Inn and Suites to Royal Street downtown, this project is more ambitious; this new four-story Candlewood Suites hotel seeks to accommodate those guests that wish to have an extended-stay in the area, especially business traveler. Featured highlights of the hotel include a pool, courtyard and fire pit, and a kitchen in each room.

The presence of more hotels in the downtown Mobile AL area will allow more business into the area as larger conventions and other events will have their visitors accommodated in the nearby vicinity.

Whether you want to vacation or live year round in the beautiful Gulf Coast area of Alabama, contact your local realtor Barbara Reeves for more information on homes and condos available in your favorite areas.

Mobile AL Cited in Top 10 Cities for Recession Recovery

Barbara Reeves — Fri, 12 Jun 2009 21:50:55 +0000

image credit: sxc.hu business

This week, Forbes Magazine cited Mobile AL in the top 10 cities for recession recovery. While many cities will be feeling the effects of the recession for a number of years, Mobile Alabama is bouncing back, with economists predicting growth this year. The Forbes study’s rankings offer data concerning projected gross domestic product of metropolitan areas across the nation, unemployment figures, home prices, incomes and affordability.

Read more about the findings of this Forbes study at forbes.com.

Now is a great time to look into Mobile AL living and real estate. For more information about Mobile or West Mobile AL real estate as well as Fairhope, Daphne, and Spanish Fort, AL contact your local realtor Barbara Reeves today.

New jobs expected in Mobile AL

Barbara Reeves — Mon, 11 May 2009 19:56:51 +0000

The Atlanta-based Ryla Inc. has selected a site for their new regional headquarters in Saraland, according to a recent article at wkrg.com. Ryla Inc. is a corporate data center and regional call center and this move will add more than 1,200 new jobs to the area. The company expects to hire about 400 employees by early summer. A growing business, Ryla Inc. had outgrown their Georgia location and is happy to bring in over a thousand jobs to the Mobile AL area.

For more information on buying or selling real estate in the Mobile or West Mobile AL area contact local agent Barbara Reeves today.

Strong Buyer’s Market in Mobile County

Barbara Reeves — Tue, 05 May 2009 19:03:20 +0000

April was another challenging month nationwide for housing, and Mobile County had mixed reaction. In the Springhill/ USA area, April saw 8 homes sold for an average of $222,312 ($111.15/sq ft). There are currently 152 active listings averaging $484,080 ($140.97/ sq ft) . One year ago, the average sales price in Springhill/ USA was $210,315 or $99/sq foot for 20 sales. So, volume is way down, but values are actually staying fairly strong! And April’s sold homes were on the market in 2009 for 84 days on average, but one year ago they took 106 days to sell.

West Mobile continued to have good volume of sales, with 31 transactions in April, averaging $180,677 or $90.18/sq ft. These homes spent an average of 97 days on the market prior to selling. One year ago, 35 homes sold for an average of $190,923 or $94.77. So, prices in West Mobile have dropped very slightly compared with other areas. The 317 active listings average $256,358 and 112 days on the market. In this market, that is a relatively brisk pace!

The Downtown/ Midtown area of Mobile lost considerable housing value compared with April 2008. The average of 32 homes sold in April 2009 actually decreased from $155,055 ($87.31/ sq ft) in 2008 to $105,788 and $70.14/ sq ft in 2009! These homes took an average of 82 days to sell compared with 65 days in 2008 for Downtown and Midtown.

The best news here is clearly for buyers…time to get off the fence and take advantage of prime conditions for homebuying. You have large inventory, low prices and tax incentives! Contact Barbara S. Reeves, REALTOR, to assist you in finding your dream home in Mobile County!

ThyssenKrupp Delays Calvert river terminal to Cut Costs

Barbara Reeves — Fri, 27 Mar 2009 16:35:06 +0000

The German Steel company ThyssenKrupp’s Calvert plant site will have a delay in the building of a portion of the river terminal. The planned terminal will be on the Tombigbee River with berths for five barges, but two berths are being delayed. As ThyssenKrupp has been going through ways to cut costs, the delay of spending on this $4.65 billion complex is part of that list.

The Calvert complex is the home of two separate operations including a stainless unit and a larger carbon steel one. The carbon steel unit is planning to use three berths to unload slabs of raw steel shipped from Brazil; this raw steel is then shipped to barges at a terminal that is being built on Pinto Island which is across the Mobile River from downtown. Although there will be delays in Calvert, officials noted that work will not be slowed and the Pinto Island construction will not be delayed.

For information on Mobile Alabama real estate including Mobile and West Mobile, contact your local agent Barbara Reeves via email or by clicking the “Talk Live” button on the top of this page.

Mobile’s February Property Sales Report

Barbara Reeves — Tue, 17 Mar 2009 18:04:13 +0000

February was a difficult month nationwide for housing, and Mobile County was not exempt. In the Springhill/ USA area, February saw 11 homes sold for an average of $175,695 ($112.22/sq ft). This is a 24% drop from January. Nineteen pending sales averaging $265,643 ($94.04/ sq ft) is a significant drop from January’s $300,738 average ($113.57/ sq ft).

The Downtown/ Midtown area of Mobile held its own in February, with the average sold home actually increasing from $99,497 ($61.24/ sq ft) in January to $126,449 or $72.59/ sq ft! Values of homes pending sale rose slightly from an average of $104,740 in January to $110,696 in February.

Active West Mobile/ Semmes Market!

Barbara Reeves — Thu, 19 Feb 2009 05:57:20 +0000

The area encompassing West Mobile and Semmes saw the most activity within Mobile and Baldwin Counties in January 2009. With 30 homes sold and 79 contracts pending, this area is relatively fast-paced compared with surrounding communities. Sold prices averaged $204,331 or $94.01/ square foot and spent 106 days on the market. There were 475 homes on the market with an average list price of $233,039 or $96.47/ square foot. Barbara S. Reeves knows this area very well and can show you many lovely homes or you can view them on your own at www.barbarareevesrealtor.com.