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Mobile County Real Estate Market The inventory level is the highest that it has been in years. One reason for the increased number of homes is the number of sales dropped in October to the lowest total in 2 years of tracking. There are currently 3406 homes for sale in Mobile County. That represents a 54% increase in the number of available homes in the past 2 years. The median sales price of a home dropped drastically. In looking at the actual homes sold, the number of foreclosures (46) was not high, but the percentage of foreclosed home sales vs. total homes sales (15%) was rather high. The lower costs associated with the foreclosure sales was a major reason the median price of a home dropped so much. Baldwin County Real Estate Market The only good news is that the median price of home went up last month. The number of sales (135) was very low. It appears that there were a large number of more expensive homes sold in October. The inventory levels are decreasing but not to the point where it should be. There remains almost 2 years of inventory on the market. Please see the spreadsheets and charts below and let us know if you have any questions. The summary of the statistics can be found on our MLS Stats Page.
The statistics have been tabulated for residential sales that occurred in Mobile County and Baldwin County during the month of October according the Gulf Coast MLS data (Mobile Association of Realtors) and the MLS data from the Baldwin County Association of Realtors. The results show that we felt the current uncertainty of our economy. There was a decrease in the number of sales in both counties. The number of buyers has decreased in the past month. Fall is normally a time when we see a slow down in the number of sales, but the current economy also is leading to a smaller number of sales.
| 200810 Mobile Baldwin MLS Trends : Units Available |
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| 200810 Mobile Baldwin MLS Trends : Units Sold |
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| 200810 Mobile Baldwin MLS Trends : Median Sales Price ($,000) |
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| 200810 Mobile Baldwin MLS Trends : DOM |
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| 200810 Mobile Baldwin MLS Trends : Absorbtion Rate |
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| Mobile, AL REO Listings/Sales : 2008 |
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The monthly analysis of single family home sales in Baldwin County for September 2008 was reported in a previous blog entry (http://activerain.com/blogsview/733275/Mobile-and-Baldwin-County-MLS-Statistics-and-Trends-September-2008-Data ). The analysis showed a decrease in median sales price of Baldwin County single family homes of roughly18%. In an effort to see if there was a trend in certain parts of the county or if the decrease in median sales price was found county wide, the statistics have been broken down by largest towns in the county. Please review the following table:
| Baldwin County Real Estate Snapshot |
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It appears that the largest drop in median sales price was found in Robertsdale and Spanish Fort.
There is another way to examine the data. That would be price per square foot. The monthly statistics for the whole county do not include this figure because not all sales report the square footage of the home. However when looking at statistics by city, the square footage was available for all sales reported so it was included in this analysis. Robertsdale had the largest drop in median sales price per square foot for the cities reported. Please call or e-mail us if you have any questions.
Every housing market is unique. The National Association of Realtors has created Local Market Reports (LMRs) for 153 of the largest metropolitan areas of the country. The Local Market Reports reflect data available through September 2008 and provide insights into the fundamentals and direction of the nation's largest metropolitan housing and real estate markets. Each downloadable report evaluates a number of factors affecting home prices, including:
We have downloaded the report for Mobile and will be happy to send you a copy. If interested, please send us an e-mail and request free Mobile AL Metro Market Report.
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Steve Shaw is a real estate agent that offers services for buyers & sellers in Mobile and Baldwin County in Alabama. Services include buyer representation, seller consultation, relocation information
I am Steve Shaw. I am team leader of the Gulf Region Properties Team. We have a number of years experience in helping buyers and sellers in their real estate needs.
Our focus to make the real estate transaction as smooth as possible for our customers. We are proud of the service we provide to our customers throughout the real estate transaction process and beyond.
If you are looking to purchase a new home, we will assist you in finding the perfect home and then help you negotiate the best price for that home. We have a proven method that has helped other customers such as you. If you are thinking of selling your home, please ask us about our 8 step plan. We will assist you in selling the home in the least amount of time and at the best price. We invite you to visit our website. The website is designed to be your one stop shop for all of the tools and information you need regarding real estate in our area - Virtual Tours of our area, Custom Home Searches, Dream Home Finder, Free Market Analysis Requests, Real Estate Industry news, and more. We also have links to our blogs which are updated often with latest news about the South Alabama area real estate market. Please feel free to bookmark the website and mark it as one of your favorites. We look forward to hearing from you. Please let us know how we can help you. We are REAL SERIOUS about Your REAL ESTATE!
Here are a few direct links from our website for you to look over:
Here is a few of the communities that we serve and information about them:
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Steve,
Thanks for the dedication and service in helping me find my new home. I thought that you went way beyond the call of duty and wanted you to know that I appreciated it.
Look forward to working with you in the future.
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Dear Steve,
We would like to say "thank you" for being such an excellant realtor and for helping us with the purchase of our beautiful investment property in Mobile. Thank you for being prompt in answering all of our questions. We have been very impressed by how efficiently you guys work.
Mike and Beatrix
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Dear Steve,
I wanted to tell you that you are the most professional realtor that I have ever dealt with. Thank you for all of the constant updates and hard work in getting my home sold.
I would recommend you to anyone that is looking for a hard-working and honest Realtor.
Janet
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Hello Steve. Thank you for selling one of our listings for us. We certainly appreciate it and looking forward to working with such an educated and professional agent as yourself.
Sincerely,
Cynthia
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