April Real Estate Sales Activity for Mobile County by Area

Please check the table below for real estate sales activity for the month of April 2009 for Mobile County for residential sales - single family and condominiums. The data shows the area of the county, the number of sales, the total amount of sales, and the average sales price. This data was retrieved from the Mobile Area Association of Realtors MLS information. You can see a map of Mobile showing the MLS areas by clicking here. Please let me know if you have any questions.

Mobile MLS Area	# of Sales	Total Sales Dollars	Avg Sales Price
01 Downtown	2	$298,400	$149,200
03 MidTown East	15	$2,147,600	$143,173
04 Dauphin Island Pkwy North	6	$343,500	$57,250
07 MidTown West	9	$690,900	$76,767
09 MidCentral	6	$248,300	$41,383
10 Eight Mile/Prichard	6	$191,650	$31,942
11 Chickasaw	8	$448,400	$56,050
14 Municipal Park/West Central	18	$1,649,700	$91,650
15 Springhill/USA	10	$2,880,500	$288,050
16 Cottage Hill N	13	$2,194,475	$168,806
17 Cottage Hill S	16	$3,308,600	$206,788
18 West Mobile	33	$5,957,980	$180,545
19 Tillman's Corner	14	$1,381,550	$98,682
20 Western Bay Shores	9	$2,038,500	$226,500
21 Dauphin Island Pkwy South	13	$1,714,975	$131,921
22 South Mobile County/Theodore	15	$1,709,640	$113,976
23 Grand Bay North	6	$907,150	$151,192
24 West Mobile County	25	$4,557,492	$182,300
25 West Mobile/Semmes	19	$2,746,961	$144,577
26 Semmes/Wilmer/Lott Rd	28	$3,326,904	$118,818
27 Saraland	8	$1,266,300	$158,288
28 Saraland/Satsuma/Axis/Creola	11	$1,515,150	$137,741
30 Dauphin Island	4	$976,000	$244,000
31 NW Mobile Cty/Citronelle	4	$529,500	$132,375
Total	298	$43,030,127	$144,396

Keller Williams - Now 3rd largest Real Estate Company

At the annual Keller Williams Realty convention last week in Orlando it was announced that the company is now the third largest real estate company in the nation based on the almost 73,000 number of agents affiliated with the company.

Here is a story from RIS Media - Keller Williams Climbs to 3rd Largest Firm

Various Real Estate Statistics

On Sunday, February 22nd, The Mobile Press Register printed a few statistics regarding real estate in our area. All of which is Good News if you are currently thinking about buying a new home or investment home. This is definitely a great time to buy.

• The 2008 Mobile county foreclosure rate is currently at .99%, which is down 19% from 2007.


• The house prices are 4.97% higher in the 3rd quarter of 2008 from the same time in 2007.


• The average weekly wages is up 3.4% in 08 as compared to 2007.


• Interest Rates are the lowest they have ever been, less than 5%.


• First time home buyers can get an $8000 tax credit, which could result into a tax refund. You will qualify as first time home buyer if you have not purchased a home in last 3 years.
  

Reasons for Mobile's Strong Market

One of our favorite local writers is Sharman Egan. She writes for the local newspaper called The Lagniappe.

Please read her wrap up for 2008 of the Mobile Real Estate Market and economy by clicking on this link - Mobile AL Wrap Up of Real Estate and Economy.

August 2008 MLS Trends and Statistics

We have posted the latest spreadsheets and charts of the MLS statistics from Baldwin County Association of Realtors and Mobile Area Association of Realtors data.

Please click on following link to view - Mobile Real Estate and Balwin County Real Estate statistics.

Please let us know if you have any questions. We will be happy to analyze your particular neighborhood or a neighborhood that you may consider purchasing a home in.

Mobile and Baldwin County April 2008 Real Estate Statistics

The monthly reat estate statistics and trends are now available on our Active Rain blog. The summary MLS statistics are also available on our web page.

The Mobile Real Estate market showed an increase in activity though the numbers are down compared to last year. Mobile County has shown a 1% appreciation rate over the last year.

The Baldwin County numbers show that there is definitely a buyer's market with many homes to choose.

Please let us know if you have any questions.

Mobile Real Estate Statistics - November 2007

Each month, we compile data for single family homes sold in Mobile County according to the Mobile Area Association of Realtors MLS data. We do this to analyze trends in our area. The charts give the public a snapshot of our local real estate market.

We look at 5 areas of analysis – Number of Units Sold, the Median Sales Price of all of the homes sold, the number of Homes Available for Sale (aka inventory level), the Median Days on Market for the all of the Homes Sold, and the Absorption Rate. The absorption rate is calculated by dividing the number of available homes by the number of units sold. This calculation returns the number of months of inventory available. If no new homes were added, theoretically this is the amount of time it would take to sell all existing homes that are currently on the market. Traditionally, if the absorption rate is higher than 6 months, then the market can be considered a buyer’s market.

The number of units sold of 362 is 2% down from same period as last year. The trend of units sold by month is very similar this year when compared to last year just that this year’s numbers are slightly lower. Click on the chart to see a larger view.



The Median Sales Price of a home sold in Mobile County is up significantly this month. This month's value is $149,000. In fact this figure is the highest it has been over the 18 month analysis period. The median sales price of a home rose 10% compared to same period last year. Click on the chart to see a larger version.



The inventory levels in Mobile continue to be replenished. Even though the number of homes available for sale decreased this month, it is up significantly from this time last year. In fact the number of available homes is up 39%. Compared to 18 months ago, the number of available homes has doubled. Again, the Mobile market had its inventory depleted after Hurricane Katrina, so this percent increase in the number of homes is not too much a level of concern. As the inventory levels increase, buyers are given much more bargaining power. Click on the chart to see a larger view.



The Days on Market field has also shown a huge increase from the same period as last year. In fact the number of days has increased 40%. Click on the chart to see a larger view.



The Absorption Rate is at highest points in the last 18 months. As the number of homes added to inventory and the number of sales decreases, the net result will be higher absorption rates. We would expect this rate to increase in the next few months until the higher volume selling months of the Spring get here in March.
Click on the chart to get a larger view.