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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.

Alabama Gulf Coast Real Estate Recovery Picking Up Speed

Barbara Reeves — Sat, 05 Mar 2011 02:36:31 +0000

The Alabama Gulf Coast real estate recovery appears to be picking up speed. Helping to accelerate the sales of homes is the extremely low cost involved. While home values may still drop in many areas, it appears that volume may start accelerating. The high number of foreclosed homes has pushed the prices of home very low in many parts of the country, helping to create extremely reasonable affordability.

An interesting examination of Daphne, Fairhope, Mobile and Spanish Fort, Al real estate sales data uncovers the fact that cash buyers are representing a large percentage (roughly one third) of the nation’s home sales. Today’s buyers market is a boon for real estate investors who are clearly seeing that the bottom is here, whether it has already hit or is close to being hit. January showed that home prices on average were the lowest that they have been in close to a decade.

It is possible to find both positive news and negative news when looking for news about real estate. As with any information real estate changes from locale to locale, but on the whole the Daphne, Fairhope, Mobile and Spanish Fort, Al market is seeing signs of recovery. Those who can afford to buy homes for cash and those who can acquire a mortgage are those who will not be looking back thinking if only I had bought then.

Click here to read a recent report on how real estate sales are around the nation from Realtor.org.

Sourced from: Kinetic Content Library

Showing properties 1 - 15 of 203. See more Daphne/Montrose/Spfort community real estate.
(all data current as of 2/7/2012)

$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
$699,500 : 24 Danner Cir, Spanish Fort

4 beds, 2 full, 1 part baths

Home size: 4,459 sq ft

Lot size: 2.71 ac

Days on market: 4

Walk Score®: 26
$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
$675,000 : 6490 Haley's Ln, Daphne

4 beds, 3 full, 1 part baths

Home size: 2,958 sq ft

Lot size: 2.49 ac

Year built: 1965

Days on market: 5

Walk Score®: 49
$400,000 : 10270 Plantation Dr, Daphne

6 beds, 4 full, 2 part baths

Home size: 6,025 sq ft

Lot size: 36,600 sq ft

Year built: 1990

Days on market: 5

Walk Score®: 8
$288,000 : 31153 Buckingham Blvd, Spanish Fort

4 beds, 3 full, 1 part baths

Home size: 3,134 sq ft

Lot size: 12,040 sq ft

Year built: 2012

Parking spots: 2

Days on market: 6
$545,000 : MLS # 235085 in Spanish Fort

3 beds, 3 full, 1 part baths

Home size: 3,920 sq ft

Lot size: 19,000 sq ft

Year built: 2003

Parking spots: 2

Days on market: 7

Walk Score®: 9
$310,000 : 9569 Bella Dr, Daphne

3 beds, 2 full, 2 part baths

Home size: 3,100 sq ft

Lot size: 19,037 sq ft

Year built: 2009

Days on market: 10

Walk Score®: 3
$410,000 : 7932 Pine Run, Daphne

4 beds, 3 full, 1 part baths

Home size: 3,262 sq ft

Lot size: 22,040 sq ft

Year built: 2004

Days on market: 10

Walk Score®: 14
$248,640 : 8821 Bainbridge Ct, Daphne

4 beds, 3 full baths

Home size: 2,368 sq ft

Lot size: 12,000 sq ft

Year built: 2011

Days on market: 11

Walk Score®: 18
$278,770 : 8796 Bainbridge Ct, Daphne

3 beds, 2 full, 1 part baths

Home size: 2,655 sq ft

Lot size: 10,400 sq ft

Year built: 2012

Days on market: 11

Walk Score®: 18
$243,200 : 8800 Bainbridge Ct, Daphne

3 beds, 2 full, 1 part baths

Home size: 2,317 sq ft

Lot size: 16,250 sq ft

Year built: 2012

Days on market: 11

Walk Score®: 18
$339,000 : 9494 Aspen Cir, Spanish Fort

4 beds, 2 full, 1 part baths

Home size: 2,878 sq ft

Lot size: 28,314 sq ft

Year built: 1999

Days on market: 12

Walk Score®: 34
$499,900 : 33971 Farrington Ln, Spanish Fort

5 beds, 3 full, 1 part baths

Home size: 4,057 sq ft

Lot size: 19,000 sq ft

Year built: 2007

Days on market: 12

Walk Score®: 0
$208,900 : 31025 Oakleigh Dr, Spanish Fort

4 beds, 3 full baths

Home size: 2,571 sq ft

Lot size: 17,250 sq ft

Year built: 2003

Parking spots: 2

Days on market: 13

Walk Score®: 29

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

Real Estate Update, Affordability Driving Buyers Market

Barbara Reeves — Wed, 16 Feb 2011 18:50:22 +0000

Examining the nation’s real estate uncovers that people buying real estate are doing so because of the incredibly high affordability levels. While mortgage rates have been dipping and rising in recent weeks, housing prices have continued to drop, if ever so slightly in comparison to a year or two ago. The high inventories in most markets are keeping prices from rising and sellers are forced to swallow the fact that if they want to sell they have to do so for less than originally thought.

Low home values, low mortgage rates and high inventories have created an ideal time to buy real estate. These are the best affordability levels with respect to real estate that have been seen in years and those buying are the people who do not want to look back in a few years and think if only I had bought then.

The best investments are those that are timed right. Buying low and selling high is the motto, and those that can get it right are those that stand to make the most profit over time. In a nutshell, there couldn’t be a better time to be a real estate investor.

Click here to read a recent article from the Wall Street Journal that points out how affordability is what drove real estate sales in 2010.

Sourced from: Kinetic Content Library

West Mobile Real Estate Activity

Barbara Reeves — Tue, 08 Dec 2009 19:31:22 +0000

West Mobile/ Semmes is one of the largest areas of listings in Mobile County, with 525 current home listings. In November, 35 homes sold for an average price of $146,160 or $84.22/ square foot. These homes sold after an average 76 days on the market, which is relatively quick compared to the rest of Mobile/ Baldwin. There are 82 contracts pending for an average price of $169,233 or $81.62/ square foot.

West Mobile County has 296 homes available and they have averaged 127 days on the market. The average list price is $247,928 or $103.20/ square foot. 28 homes sold in November for $152,315 and the 40 pending contracts average $227,916 or $94.31/ square foot. Overall, West Mobile has a wonderful inventory and homes are moving in three months or less. Your local real estate expert can assist you through every step of the home buying process.

September on the Eastern Shore

Barbara Reeves — Tue, 06 Oct 2009 18:34:51 +0000

Compared with July home sales in Daphne, September showed an increase in the number of transactions. 35 homes sold in September 2009, with the average sales price jumping from $204,421 to $253,199. The average price per square foot rose from $92.43/sq ft to $97.98. Unfortunately, the average time on the market increased again from 118 up to 147 days . There are 49 Daphne homes with pending contracts, averaging $95.45 per square foot, down from $103.28 in July. Those with currently listed homes are more optimistic, with the average price per foot at $113.87.

In Spanish Fort, there were 11 home sales in September. The average sales price decreased again from $277,989 (July) to $263,323. Price per square foot followed suit. The sales that averaged $107.82 in July averaged $103.66 in September. Days on the market for these sold homes dropped from 134 in July to 116 in September. The inventory of homes available in Spanish Fort is 130, with an average list price of $349,074 or $120/square foot.

Down the highway in Fairhope, 16 homes sold in the month of September. Average sales price climbed a bit to $270,831 or $135.98/square foot. The days on the market for September home sales has dropped a bit to 142 from July’s 149. While this is still longer than anyone would like to see, it is a vast improvement over the Spring, when activity was much more sluggish. Fairhope has 30 pending contracts, averaging $124.56/ square foot. The 408 active home listings average $466,389 and $182.65 per square foot and they’ve been on the market an aveage of 162 days. 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.

July Real Estate Activity on the Eastern Shore

Barbara Reeves — Tue, 25 Aug 2009 20:41:29 +0000

Compared with June home sales in Daphne, July showed a significant decrease in the number of transactions. 27 homes sold in July 2009, compared with 38 in June. Average sales price decreased from $236,074 to $204,421, while the average price per square foot went from $98.15 to $92.43/sq ft. Fortunately, the average time on the market decreased from 145 days to 118. There are 51 Daphne homes with pending contracts, averaging $103.28 per square foot.

In Spanish Fort, a mere 12 sales in June dropped to 9 in July. The average sales price decreased from $305,800 to $277,989. Price per square foot, however, made a modest gain. The sales that averaged $106.16 in June climbed to $107.82 in July! Days on the market increased by only 7 days from 89 to 134 in July.

Down the highway in Fairhope, 15 transactions in June grew to 19 in July. Average sales price retreated to March numbers at $249,136. This translates to a price per foot of $103.19. The good news in Fairhope is that the days on the market for July home sales has receded to 149 from June’s 178. While this is still longer than anyone would like to see, it is a vast improvement over the Spring. Fairhope has 40 pending contracts, averaging $122.15/ square foot. The active home listings average $456,282 and $172.77 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.