National Association of Realtors Report - Mobile County - August 2009

TOTALS REPORTS
SOLD/ACTIVE RESIDENTIAL LISTINGS
01-Aug-2009 - 31-Aug-2009

                     Residential Unit Sales        Total   Unit Sales
                     0-2        3         4+      Resid     Condo/    Total
PRICE CLASS/TYPE    Bedrm     Bedrm     Bedrm     Sales     Co-Op     Units

$29,999 OR UNDER       6        13         3        22         0        22
$30,000 -  $39,999     2         8         3        13         0        13
$40,000 -  $49,999     0         6         1         7         0         7
$50,000 -  $59,999     3         8         2        13         0        13
$60,000 -  $69,999     0         4         1         5         0         5
$70,000 -  $79,999     1         5         0         6         0         6
$80,000 -  $89,999     2        16         3        21         0        21
$90,000 -  $99,999     2        17         2        21         0        21
$100,000 - $119,999     2        25         3        30         1        31
$120,000 - $139,999     1        39         7        47         1        48
$140,000 - $159,999     0        23         8        31         0        31
$160,000 - $179,999     2        17         7        26         1        27
$180,000 - $199,999     2        11         5        18         1        19
$200,000 - $249,999     2         5        16        23         0        23
$250,000 - $299,999     1         2         9        12         0        12
$300,000 - $399,999     0         1         2         3         0         3
$400,000 - $499,999     0         1         3         4         0         4
$500,000 OR OVER        0         0         6         6         1         7
Total Types:           26       201        81       308         5       313

Average Price:    $97,536  $116,670  $227,581  $144,223  $241,859  $145,783

Median Price:     $84,900  $119,900  $180,000  $126,000  $160,000  $127,000

Average DOM:           70        73        96        79       326        83

Average CDOM:          85       106       121       108       326       112



SF DAYS ON MARKET (SALES):        CC DAYS ON MARKET (SALES):
-------------------------         -------------------------
   0 -   30:         97            0 -   30:            0
  31 -   60:         60           31 -   60:            0
  61 -   90:         36           61 -   90:            0
  91 -  120:         34           91 -  120:            0
    121+   :         81             121+   :            5

SF TERMS OF SALE  (SALES):        CC TERMS OF SALE  (SALES):
-------------------------         -------------------------
ASM      :    0                   ASM                :    0
ASM-V/L  :    1                   ASM-V/L            :    0
AUCTION  :    0                   AUCTION            :    0
CASH     :   81                   CASH               :    1
CONVENTIO:   74                   CONVENTIONAL       :    3
EXCHANGE :    0                   EXCHANGE           :    0
FHA      :  125                   FHA                :    0
LEASE    :    0                   LEASE              :    0
LEASE PUR:    0                   LEASE PUR          :    0
OTHER    :    5                   OTHER              :    0
V/L      :    2                   V/L                :    0
VA       :   20                   VA                 :    1


-------------------ACTIVE LISTINGS------------------
                         Single     Condo/
PRICE CLASS/TYPE        Family     Co-Op
-----------------        ------     ------

 $19,999 OR UNDER          16         0
 $20,000 -   $29,999       42         0
 $30,000 -   $39,999       63         1
 $40,000 -   $49,999      106         0
 $50,000 -   $59,999       89         1
 $60,000 -   $69,999      117         0
 $70,000 -   $79,999      121         5
 $80,000 -   $89,999      127         6
 $90,000 -   $99,999      127         9
$100,000 -  $119,999      251        15
$120,000 -  $139,999      348        13
$140,000 -  $159,999      278         2
$160,000 -  $179,999      246         5
$180,000 -  $199,999      218         4
$200,000 -  $249,999      325        14
$250,000 -  $299,999      254        15
$300,000 -  $399,999      266        29
$400,000 -  $499,999      136         7
$500,000 -  $749,999      131         7
$750,000 -  $999,999       51         1
$1,000,000 OR OVER         27         1
Total Types:             3339       135

Average Price:        217,692   255,946

Median Price:        $159,900  $229,000

Pending Total:            621

Mobile County Data- derived from Mobile Association of Realtors MLS system.
Please visit www.GulfRegionProperties.com or www.AlabamaBestHomes.com for additional information about our area.

Alabama Housing Statitistics - Mobile County - August 2009

The following data represents Mobile County real estate transactions and listings as reported Mobile Area Association of Realtors/MLS:

Number of Houses Sold this Month 314 Average Selling Price This Month $145,783 Average Days on Market - Solds 83 Average Days on Market - Actives 112 Number of Houses on the Market 3474 Median Sales Price this Month $127,000

Foreclosures in Mobile County

There are currently 111 homes available for purchase in Mobile County that are foreclosures. Foreclosures can also be labeled as REO (Real Estate Owned) or Bank-Owned properties. Consumers seem to be drawn to foreclosures because generally they are priced a little lower than standard resale homes are in the real estate market. As a consumer, you need to be aware that most of these foreclosure homes will need a little TLC or updating. Some homes will require a significant investment in update costs. The appliances such as stoves and dishwashers could be missing. In Alabama, you also need to be aware of the 'Right of Redemption' for foreclosures. If you are interested in buying a foreclosure, please contact me @ (251) 215-9382 or Steve@GulfRegionProperties.com and we will develop a plan for you.

Please check the table below for current foreclosure homes available in Mobile County. Click on the number shown in the number of listings column for summary data. Then click on the MLS number for detail data for the specified home.

. Price Number of Listings . Under $50,000 35 . $50,000 - $100,000 31 . $100,000 - $150,000 18 . $150,000 - $200,000 11 . $200,000 - $250,000 4 . Over $250,000 12 . Total 111

Notice of Mortgage Default- January - June 2009

We have access to reports that show us Notice of Defaults (Lis Pendens) recorded at the Mobile County courthouse. Please click on the chart below:


Each transaction is a recording made in Probate Court. The foreclosure proceedings has started if there is a record recorded. The data is an eye opener at the number of such transactions in Mobile County. There are duplicates because if the auction date is changed, there will be multiple records - one for each auction date (original and new).

Please let us know if you have interest in purchasing a foreclosed home for sale. There are multiple opportunities - at the auction or after home is listed in the local MLS. You can search for available foreclosed homes on our MLS Home Search page

Mobile and Baldwin County Real Estate Trends and Statistics (June 2009)

Please check out our latest post over at the Gulf Region Properties Team Blog.

There was a slight decrease in number of sales in Mobile County, but Baldwin County is showing signs that the market there is recovering.

Please let me know if you have any questions.

Mobile County Price Range Statistics for Sold Homes (January - June 2009)

Even though the number of single family sales in Mobile County is down this year compared to last year this year - Latest statistics show a drop of 28% in number of sold transactions from January - June Sales comparing 2008 and 2009 activity. However there are homes being sold. I thought it would be useful to see Where is the Market. Take a look at the following chart which shows the number of sales by the listing price range:

List Price Range # of Listings Sold Average DOM % of Listings Sold $0 - $9,999 6 75 0.38% $10,000 - $19,999 34 90 2.13% $20,000 - $29,999 48 117 3.01% $30,000 - $39,999 75 71 4.70% $40,000 - $49,999 70 73 4.39% $50,000 - $59,999 39 72 2.44% $60,000 - $69,999 43 71 2.69% $70,000 - $79,999 60 88 3.76% $80,000 - $89,999 80 84 5.01% $90,000 - $99,999 68 65 4.26% $100,000 - $109,999 67 72 4.20% $110,000 - $119,999 119 75 7.46% $120,000 - $129,999 100 79 6.27% $130,000 - $139,999 118 84 7.39% $140,000 - $149,999 74 88 4.64% $150,000 - $159,999 75 88 4.70% $160,000 - $169,999 73 103 4.57% $170,000 - $179,999 60 113 3.76% $180,000 - $189,999 44 137 2.76% $190,000 - $199,999 37 106 2.32% $200,000 - $219,999 44 106 2.76% $220,000 - $239,999 68 123 4.26% $240,000 - $259,999 39 99 2.44% $260,000 - $279,999 44 94 2.76% $280,000 - $299,999 23 111 1.44% $300,000 - $349,999 35 99 2.19% $350,000 - $399,999 19 125 1.19% $400,000 - $449,999 13 119 0.81% $450,000 - $499,999 7 66 0.44% $500,000 - $549,999 2 30 0.13% $550,000 - $599,999 2 23 0.13% $600,000 - $649,999 3 105 0.19% $650,000 - $699,999 1 270 0.06% $700,000 - $749,999 0 0 0.00% $750,000 - $799,999 0 0 0.00% $800,000 - $849,999 0 0 0.00% $850,000 - $899,999 1 77 0.06% $900,000 - $949,999 1 201 0.06% $950,000 - $999,999 0 0 0.00% $1000000 or more 4 115 0.24% Total Sold 1596

The data tells us that 80% of the listings sold during the first part of this year were priced under $200,000, with most of the sales activity occurring in the $110,000 - $140,000 list price range. If you are a currently selling your home, this data will give you an idea of where the current market exists.

Here is summary of SOLD transactions in Mobile County for January - June 2009:

#Total Sold Listings: 1,596
Average List Price: $145,393
Median List Price: $117,500
Highest List Price: $2,200,000
Lowest List Price: $6,900
Average DOM: 90

Please let me know if you have any questions.

Mobile County Real Estate Activity - 1st Quarter Statistics

Here is a snapshot of the Real Estate activity for Mobile County according to the Mobile Association of Realtors data. This analysis is for all residential sales in Mobile County comparing this year's January through April transactions against last year's transactions for the same time period.

	# of Sold Transactions	Total Dollars for Closed Transactions
1st Quarter 2009	998	$141,746,356
1st Quarter 2008	1372	$205,004,371
% Change	-27%	-31%

1 Acre Waterfront Lot directly on Rabbit Creek

Here is our latest listing. We invite you to come see this lot in person. Conveniently located in South Mobile County near the Rangeline Road and I-10 interchange. Easy commute to downtown Mobile or west Mobile businesses. Great location for waterfront home.

Search for Foreclosed Homes for Sale

The MLS Homes For Sale search engine on our website has been modified. You now have the ability to search for all foreclosed homes for sale. There are a number of buyers that we are working with that are interested in seeing all of the foreclosure homes that are available for sale. Now these buyers have a "do it yourself" search capability from our website. This ability is currently only available for the Mobile County Listings but it soon will be available for Baldwin County Listings as well. If you need information for Baldwin County Foreclosures, please send me an e-mail. I will be happy to set a no cost, no obligation search in the MLS to notify you when new foreclosed homes hit the market.

To test the search engine for Mobile County foreclosures, please click on this link Mobile Alabama area Search MLS Listings.

At the top of the screen you will see that you can search for Active Listings or Foreclosures. Select the Foreclosures button. Then scroll to bottom of screen and select the Go to Search Results button.

You will see the current list of active foreclosure homes for sale. The search engine allows you to save your favorite homes, save the search criteria, e-mail you when new listings hit the MLS market, search in only certain citites, etc.

Please let us know if you need any help.

Ryla Selects Saraland for Regional Expansion Project

PRESS RELEASE FROM MOBILE CHAMBER OF COMMERCE

Georgia-based call center services’ firm will bring hundreds of jobs, a regional headquarters and corporate data center

Ryla Inc., a Kennesaw, Ga.-based company providing outsourced call centers and customer contact solutions to Fortune 500 companies, government agencies and nonprofits, announced it selected the Mobile County community of Saraland as the site for its Gulf Coast expansion plans.

The pivately owned company will make a capital investment of approximately $8.5 million in establishing its new regional headquarters, a corporate data center and a regional customer contact center. This project is also anticipated to create approximately 1,200 full-time positions with an average base wage of $21,754 plus bonuses and benefits. Ryla officials anticipate the first 400 jobs to be created by early summer, and the remaining 800 jobs created by the end of 2011.
Mark Wilson, who co-founded Ryla with his wife Shelly Wilson in 2001, serves as the company’s president and chief executive officer. Wilson said significant growth created the need to increase operations outside of the Georgia area.

“We are proud to be expanding into the Mobile area by hiring and creating more than 1,000 new jobs over the next few years,” said Wilson. “Ryla applauds the Governor, as well as state and local leadership for approving incentives that fuel economic development and create employment opportunities domestically.”

Gov. Bob Riley was in Mobile to make the announcement, saying, “This is probably the only announcement taking place in America today about 1,000 new jobs, and it’s happening here in Alabama,” said Riley. “We are proud to welcome Ryla to our state and look forward to a long and prosperous partnership.”

“In the current national economy, to be adding a thousand new jobs is a real coup. We’re thrilled to have a growing innovative company like Ryla in Mobile County,” said Mike Dean, Mobile County Commission president.

“This is another great boost for the north part of the county. ThyssenKrupp, the SSAB expansion and now Ryla are allowing for a lot of different job opportunities,” said Merceria Ludgood, Mobile County Commissioner, District 1.

“This is a great example of how economic development produces more economic development. Our name is now out there as a great county in which to do business,” said Stephen Nodine, Mobile County Commissioner, District 2.

Saraland officials said they are looking forward to working with the new Ryla team.

City of Saraland Mayor Ken Williams said, “This is a great project for the city of Saraland especially in this economic downturn. We will continue to work with Ryla as they settle in as our newest member of the business community.”

These are solid jobs with flexible schedules and appeal to a broad base of potential employees, said Win Hallett, Mobile Area Chamber of Commerce president. “There is a need for jobs, and this is the ideal time for a growing company to invest in the Mobile area.”

Dallas-based consulting firm, Site Selection Group Inc. was hired by Ryla to conduct a regional search to identify the community most compatible with the company’s operating requirements. Christine Sullivan, senior vice president and lead on the project, said “Our client came to us with very specific workforce and real estate requirements along with an extremely aggressive timeline. The state and local leadership understood these key business elements and assertively worked to create a win-win situation for both Ryla and the community of Saraland.”

Partners in this recruiting effort included Alabama Development Office, Alabama Industrial Development Training, City of Saraland, Mobile Area Chamber of Commerce, Mobile County, Mobile Works and Site Selection Group. The Mobile Area Chamber, through a contract with the city of Mobile and Mobile County, is the lead economic recruiter and collaborates with various entities to secure projects for the Mobile Bay area.

Fast Facts
Capital Investment: $8.5 million
Number of Jobs: 400 initially, 1,200 at full employment
Average Base Pay: $21,754 plus bonuses and benefits
Expected to Open: June 2009
Key Economic Development Partners in Project: Alabama Development Office, Alabama Industrial Development Training, City of Saraland, Mobile Area Chamber of Commerce, Mobile County, Mobile Works and Site Selection Group
Ryla Jobs Contact: Trina Revels, recruiting manager, 678-322-5113
Ryla on the Web: www.ryla.com

About Ryla:
Ryla Inc. is a leading domestic provider of value-added customer contact services for Fortune 500 companies, government agencies and nonprofit organizations requiring Excellent Interactions Every TimeSM. Domestically focused, Ryla delivers a range of customized customer contact services, including inbound customer care, tech support, help desk, outbound data collection, surveys, automated messaging, retention programs and back office process support. Additionally, Ryla specializes in delivering on-demand, project-based solutions requiring quick ramp-up for crisis response, seasonal retail and political needs – a growing niche in the contact center industry for which there are few providers. Headquartered in Kennesaw, Ga., Ryla is ranked as one of the fastest growing private companies in the nation by Inc. magazine and nationally recognized as a top workplace. Through its “Small yet big” approach, Ryla offers the flexibility of a small company with the capabilities of a large company.

Distributed by:
Leigh Perry-Herndon
Vice President, Communications
Mobile Area Chamber of Commerce
P.O. Box 2187
Mobile, AL 36652-2187
251-431-8645
FAX 251-431-8646
LHerndon@mobilechamber.com
http://www.mobilechamber.com/

Mobile Area Spring Home Sales Event

The Home Builders Association of Metro Mobile is hosting "The Big Move" from April 3 - 6, 2009. During this 3 day event, the Mobile area homebuilders are offering their existing inventory at the best price possible. There are at least 60 homes available at significant savings during the event. All of the participating homebuilders are offering their own incentive package for these homes. Examples of the incentives may include paid or reduced closing costs, upgraded appliance packages, privacy fencing, and in some instances furnishings. Available homes are in numberous subdivisions all over Mobile County. Keller Williams Realty is one of the events participating vendors. Please click on the title of this blog entry for additional information or give us a call at 251-215-9382.