Mobile Home Price Appreciation

The following interactive spreadsheet will show the difference in average sales price for a home sold in Mobile in the first 9 months of September, 2007 compared to the same time period in September, 2006. Use the scroll bar to move from left to right. To move to the bottom of the data put your cursor on the row and then use the down arrow key. The difference in price is known as appreciation.

The Saraland, Satsuma, Axis, Creola leads in the home price appreciation. This may be due to the news of the new Thyssen Krupp Steel mill to be built north of here along Highway 43 in the Calvert/Mount Vernon area.

The Dauphin Island Parkway, Midtown North West, and Cottage Hill S are areas in Mobile where homes are being purchased and then renovated.

When looking at charts like this, remember that a small number of transactions may skew the average selling price.

West Mobile is by far is where most activity is occuring and the home price appreciation is roughly 4.5 %.

CNN Money Names Mobile as Top 10 Bounce Back Market

Well I guess it is a good news when a major media site ranks you in the top 10 of anything. Last week CNN Money released its top 10 markets where a bounce back can be expected. I am not sure what the Mobile area is bouncing back from because it has been a really good market for home price appreciation since the fall of 2005. CNN Money has ranked Mobile in its top ten cities in the country. According to their web site, the housing market may be melting down in other parts of the country, but Business 2.0 worked with Moody's Economy.com to identify 10 cities that have just about hit rock bottom - and offer opportunities for savvy investors to get in while the getting's good.

The folks at CNN Money looked at expected home price appreciation rate in the first quarter of 2008 and the net gain of the expected home price apprectiation rate in the 4th quarter of 2009. Evidently Mobile came in at 7th in their rankings with an expected appreciation growth rate 4.7 percent.

The article does mention all of the new industry and business growth going on in Mobile and speculates that Mobile is the South's next boomtown.

Here is a link to the story - http://money.cnn.com/galleries/2007/biz2/0709/gallery.boom_towns.biz2/7.html