In August, 30 homes have sold in the Downtown/ Midtown area of Mobile with an average sales price of $137,877, up 5.5%. The median sales price was $126,000. These homes were on the market an average of 79 days.
18 homes have sold in the Municipal Park area of Mobile with an average sales price of $96,139 (down 8%) and a median sales price of $93,250 (down 20%). These homes were on the market for an average of 66 days prior to being sold, 17 days quicker than in July.
9 homes have sold during August in the Springhill/USA area of Mobile with an average sales price of $189,292, down significantly by 28%. The median sales price of $178,000 is down 3% and the homes are averaging 84 days on the market.
The Cottage Hill area of Mobile saw 42 homes sold during August with an average sales price of $184,281, down almost 16%. The median sales price of $143,296 down 12%. These homes were on the market an average of 75 days.
In August, 42 homes sold in the West Mobile area with an average sales price up 4% to $191,888 and a median sales price of $155,000, down 8%. These homes sold after an average of only 77 days.
28 homes have sold in the W. Mobile County area during August with an average sales price of $209,803 (down 1.5%) and a median sales price of $201,975 (up 8%). These prices are overall very strong and the days on the market averaged only 57 days. Incredibly, this is 34 days quicker than homes sold in July. There are many lovely homes for sale in all areas of Mobile. To view these, visit http://barbarareevesrealtor.com.
Contributed by Barbara Reeves
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