About Lee County, AL

A grove of aspen trees share a common root system. If the root system is weakened, how long can the tree community survive, much less begin to grow again? I just heard about the massive assistance being given to huge banking companies like AIG, Fannie Mae and Freddie Mac. I just heard the news of how banks worldwide are now pumping money back into the economy like a huge wave--- of over 200 billion. Evidently, the fear in the economy is contagious and has now spread throughout the world. But, what about mortgages? What about this infrastructure close to the root system that supports the bigger branches of the economy? Is this a right move in the wrong direction? If HOMEOWNERS can't be helped, how can the system strengthen its roots and restore balance overall? Is this a right answer for the wrong problem?? It seems that, until home sales can begin to turn around, the branches of banks, insurance companies and brokerage firms will not find any leverage or begin to recover. If the root system is weakening and dissolving, how will anything that stems from it remain in place or GROW again?

Where have all the mortgages gone? Long time Passing. Where have all the mortgages gone? So long ago... Where have all the mortgages gone? Gone to Foreclosure, Every One. When will they ever learn? When will they ever learn?

© Copyright of photo and content, 2008. Mara Hawks, All Rights Reserved

The following report is calculated by the Alabama Center of Real Estate. This report, along with more detailed information, can be found on their website: http://arerec.cba.ua.edu/ Are you considering a move into or out of Lee County Alabama? If you would like to receive these monthly reports, emailed directly to you, along with other local area information, feel free to contact me with a request.

Active in Alabama, Mara Hawks, REALTOR with FIRST REALTY of Auburn, AL, #1 Real Estate Team in Lee County, THE LEADER in professional real estate services in Auburn, Opelika & Lee County for over 3 decades! Committed to INTEGRITY, KNOWLEDGE & SERVICE.

LEE COUNTY HOUSING STATS

AUGUST 2007 & AUGUST 2008

RESIDENTIAL - AUGUST2007

RESIDENTIAL - AUGUST 2008

ALL AREAS: ALL AREAS:

909 Houses on the Market this month 953 Houses on the Market this month

107 Properties sold 85 Properties sold

157 Average days on the market 1147 Average days on the market

153 New listings 140 New listings

$193,400 Median Sold Price $180,000 Median Sold Price

$223,320 Average Sold Price $194,933 Average Sold Price

$23,895,272 Total Property Sales Sold Dollar Volume $16,569,299 Total Property Sales Sold Dollar Volume

AUBURN: AUBURN:

511 Houses on the Market this month 483 Houses on the Market this month

57 Properties sold 42 Properties sold

181 Average days on the market 139 Average days on the market

65 New listings 68 New listings

$249,000 Median Sold Price $226,000 Median Sold Price

$277,517 Average Sold Price $240,276 Average Sold Price

$15,818,482Total Property Sales Sold Dollar Volume $10,091,583 Total Property Sales Sold Dollar Volume

OPELIKA: OPELIKA:

192 Houses on the Market this month 256 Houses on the Market this month

30 Properties sold 32 Properties sold

130 Average days on the market 133 Average days on the market

43 New listings 41 New listings

$177,450 Median Sold Price $159,425 Median Sold Price

$184,067 Average Sold Price $161,372 Average Sold Price

$5,522,015 Total Property Sales Sold Dollar Volume $5,163,916 Total Property Sales Sold Dollar Volume

CONDO - AUGUST 2007 CONDO - AUGUST 2008

ALL AREAS: ALL AREAS:

248 Condos on the Market this month 280 Condos on the Market this month

43 Properties sold 20 Properties sold

182Average days on the market 1184Average days on the market

25 New listings 26 New listings

$154,000 Median Sold Price $142,784 Median Sold Price

$168,630 Average Sold Price $184,985 Average Sold Price

$7,251,083 Total Property Sales Sold Dollar Volume $3.699,690 Total Property Sales Sold Dollar Volume

AUBURN: AUBURN:

275 Condos on the Market this month 268 Condos on the Market this month

41 Properties sold 17 Properties sold

187 Average days on the market 203 Average days on the market

24 New listings 24 New listings

$154,000 Median Sold Price $138,667 Median Sold Price

$162,980 Average Sold Price $183,540 Average Sold Price

$6,682,183Total Property Sales Sold Dollar Volume $3,120,172 Total Property Sales Sold Dollar Volume

OPELIKA: OPELIKA:

7 Condos on the Market this month 9 Condos on the Market this month

1 Properties sold 3 Properties sold

78 Average days on the market 80 Average days on the market

0 New listings 2 New listings

$138,900 Median Sold Price $212,069 Median Sold Price

$138,900 Average Sold Price $193,173 Average Sold Price

$138,900 Property Sales Sold Dollar Volume $579,518 Total Property Sales Sold Dollar Volume

LOTS - AUGUST 2007 ALL AREAS LOTS - AUGUST 2008 ALL AREAS

9 Properties sold 15 Properties sold

255 Average days on the Market 406 Average days on the Market

51 New listings 8 New listings

$ 80,000 Median Sold Price $36,500 Median Sold Price

$60,056 Average Sold Price $30,293 Average Sold Price

$540,500 Total Property Sales Sold Dollar Volume $454,400 Total Property Sales Sold Dollar Vol

The following report is calculated by the Alabama Center of Real Estate. This report, along with more detailed information, can be found on their website: http://arerec.cba.ua.edu/ Are you considering a move into or out of Lee County Alabama? If you would like to receive these monthly reports, emailed directly to you, along with other local area information, feel free to contact me with a request.

Active in Alabama, Mara Hawks, REALTOR with FIRST REALTY of Auburn, AL, #1 Real Estate Team in Lee County, THE LEADER in professional real estate services in Auburn, Opelika & Lee County for over 3 decades! Committed to INTEGRITY, KNOWLEDGE & SERVICE.

Hello Everyone,

Contrary to what you are hearing, the market is still great in Auburn, Opelika and all of Lee County, Alabama. Call me today for all of your real estate needs.