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Julie Martin Realtor® Broker Mobile Alabama Real Estate

Tax Credit Extension and Expansion Bill Signed Into Law Today...

Once it passed the Senate and the House there was really no doubt, but I am really excited about the new version of this bill. We have had a lot of first time home buyers that have been very excited to close on a house and be eligible an $8000 tax credit. We have had a few that were getting very worried because for one reason or another it didn't look like they would find a house and be able to close by the end of November.

Now they have until the end of April to get into a contract. It's not a lot of time to waste, but it's enough time to make wise decision. Plus now if someone wants new construction that is an option, since they have until the end of June to close.

I really like the part of the new bill that allows buyers that have owned a house to get a tax credit of up to $6500 if they buy a new home. I really don't know why that couldn't have applied to all owner-occupant buyers, but at least there is one other group eligible..

The income limits have now been increase also, from $75,000 to $125,000 for a single person and $250,000 for a married couple. One of my doctors is young and has never owned any real estate. He's renting right now, but he did not qualify under the old plan. Maybe he will qualify now.

For additional information I posted the information and changes on my website.

Short Sale Professionals - Mobile County & Baldwin County Alabama

Our company has several agents who have experience assisting sellers who were facing foreclosure. They have helped sellers stay in their homes longer and/or they have been successful in working with the seller's bank or mortgage company to sell the property before it was foreclosed on.

The following agents have also taken our Short Sale class. Seller's that are facing foreclosure may have better options. These agents can represent a seller in a short sale situation.

Email: Doug Martin

Email: Becca Fields or visit her website

Email: Debra Williams

Email: Sarah Pugh

Email: Katie Baluyut or visit her website

Email: Libby Davis or visit her website

Email: Julie Martin or visit her website

Mobile AL Downtown News & Happenings

Though the temperatures might argue otherwise, the holiday season is quickly approaching, and it's time to begin planning for decorations and activities to draw folks downtown. In recent years Downtown Mobile has been woefully unadorned for the holidays, but an energetic group of Royal Street businesses have decided to make downtown THE place to visit to see fun and fancy decorations. See the story below for details on how you can participate.Mobile AL Downtown

In the meantime, enjoy the fabulous fall temperatures... take a walk at lunch to see the new plantings...come down for the countless events... contribute to the great street scene the defines downtown!

For obvious reasons we love announcing new businesses that have located or moved downtown, but we especially love it when the business is an entirely new enterprise. That's the case with Boom Buggy, a pedicab operation that will carry passengers through the streets of Downtown Mobile during the day and night. The buggies will begin operation in about two weeks and will not charge a fee...instead, the passenger will tip the driver (or pedaller as the case may be). June Reddix-Stennis bought two of the cabs from a manufacturer in England and plans to begin operation the first week of November.

In other development news:

  • If you grew up along the Alabama Gulf Coast you probably visited the Gulf Gate Lodge at the beach a time or two. You'll soon have a chance to relive those moments in an entirely different setting...Downtown Mobile! The son of the original proprietors will be bring the Gulf Coast seafood classics to 161 Dauphin Street as soon as renovations are complete.
  • BP has moved its offices from mid-town Mobile in the Bel Air Mall area to the RSA tower. The 20 employees are occupying offices on the 20th floor of the tower.
  • The Birmingham law office of Maynard Cooper & Gayle has opened an office in downtown. Headed up by local attorney Jay Watkins, the Port City office is located at 3 South Royal Street, above Serda's Coffee
  • Fine Dining and Catering just opened its doors at the corner of Jackson and St. Francis streets last week. The establishment is currently open for lunch Monday - Friday and dinner on Friday & Saturday evenings. The menu, which changes daily, features a soul food centered menu.



    In other news:

    • Haven't decided on a Halloween costume yet? If you have a yellow hard hat, a red checkered shirt, overalls and a tool belt, you could be Bob the Builder...and you could get into the Gulf Coast Exploreum for all the permanent exhibits as well as the Bob the Builder exhibit free on October 31st. The costume promotion is open to all ages.
    • The Mediterranean Sandwich Co. at 274 Dauphin Street is now open and offers a great $5 lunch during the week and late night on the weekends.


    Some Upcoming Live Entertainment:

    • Alabama Music Box:
      • Tornado River - Thursday, October 22
      • Entropy, SubjectMatters, Super Nice Bros. - Friday, October 23
      • TKO Indie Dance Party: Necrovita, Zombie Photography show by: Brett Moroun - Saturday, October 24
      • Or The Whale, Muskrat Hannah, Heath & Melody of El Cantador - Monday, October 26
      • Rise Up Howling Warewold, Heat Lightning Record Release Show - Thursday, October 30
      • Halloween Party music by DJ Charles III - Saturday, October 31
      • DooDoo Fest Night 1: An Albatross, Dark Meat, Cockfight - Tuesday, November 3
      • DooDoo Fest Night 2: Thomas Function, Yussuf Jerusalem, CCUSA & the HHR, Wizzard Sleeve - Wednesday, November 4
      • DooDoo Fest Night 3: Pinehill Haints, The Coathangers, The Underground Railroad to Candyland - Thursday, November 5
      • SoAl Film Fest After Party with Mob Towne Revival, Blueyes Soul - Friday, November 6
      • Today the Moon Tomorrow the Sun, Shotgun Lover - Saturday, November 7
      • Lucero "Ramblin' Roadsho and Memphis Revue" all ages - Tuesday, November 10
      • Tea Lights - Wednesday, November 11
      • Pygmy Shrews - Thursday, November 12
      • Bamboo Shoots, Too Far From Amsterdam, Kadesh & the Perfect Strangers - Friday, November 13
      • Captured! By Robots, Kid Midi - Saturday, November 14
      • Awesome New Republic, Bryan Scary and the Shredding Tears, Rosewood Thieves - Monday, November 16

    • The Battle House Hotel:
      • John Anthony (in the Tavern)- Every Monday through Saturday
      • Loose Cannons (Joe Cain Cafe) - Every Wednesday
      • Bay City Brass (Joe Cain Cafe) - Every Sunday

    • The Blind Mule:
      • Muskrat Hannah, Sugarcane Jane - Friday, October 23
      • The Curtis Jaywalkers - Saturday, October 24
      • You & What Army? Improv Comedy - Friday, October 30
      • The Sunshine Factory, TBA - Saturday, October 31
      • Free Show: A Bridge To Burn, Delirium Trigger - Friday, November 6
      • Phil Lee - Saturday, November 7
      • Come Up For Air - Friday, November 13
      • Muskrat Hannah, Whiskey Comatose, Renee Arozqueta, Spide, Octopus - Saturday, November 14

    • Grand Central:
      • Last Episode - Friday, October 23 and Saturday, October 24
      • Top of the Orange - Friday, October 30 and Saturday, October 31
      • Silver Tongue Devil - Friday, November 6 and Saturday, November 7
      • The Ugli Stick - Friday, November 13 and Saturday, November 14

    • Serda's:
      • Seeking Sui - Friday, October 23
      • Jon Cowart Music - Saturday, October 24
      • Lil Greenwood - Friday, October 30
      • Bruce Innes - Saturday, October 31
      • Elements of a Difference - Friday, November 6
      • Gentry Dodd - Saturday, November 7
      • The Curtis Jaywalkers - Friday, November 13
      • Scott Chism & the Better Half - Saturday, November 14

    • Soul Kitchen:
      • Once: Pearl Jam & Nirvana Tribute Bands - Friday, October 23
      • The Uglistick - Saturday, October 24
      • Galactic with Molotov Circus Side Show - Saturday, October 31
      • Jessie James and Push Play - Wednesday, November 4
      • Tim Reynolds and TR3 - Thursday, November 5
      • BoomBox - Friday, November 6
      • The Velcro Pygmies - Saturday, November 7
      • Perpetual Groove - Friday, November 13

    • Veets:
      • Jodyoke - Every Tuesday
    Doug Previto & the Family Jewels - Every Wednesday through Sunday

Mobile AL HUD Foreclosure Sold Statistics

The below chart shows recent sold properties in the City of Mobile, for the past six months of HUD properties that sold during the first two weeks, with the percentages of List/Sold and List/Net.

Purchase Price Net Price List Price % List/Sold %List/Net
$90,101 $82,893 $100,000 90.10% 82.89%
$38,000 $34,960 48,000 79.17% 72.83%
$72,000 $66,240 $72,000 100.00% 92.00%
$73,000 $67,160 $76,000 96.05% 88.37%
$35,127 $32,327 $45,000 78.06% 71.84%
$85,000 $78,250 $95,000 89.47% 82.37%
$150,100 $138,092 $159,000 94.40% 86.85%
$89,000 $82,750 $108,900 81.73% 75.99%
$32,000 $29,440 $31,000 103.23% 94.97%
$35,000 $33,250 $40,000 87.50% 83.13%
$53,000 $48,760 $53,000 100.00% 92.00%
$106,000 $97,520 $106,000 100.00% 92.00%
$91,000 $84,950 $108,000 84.26% 78.66%
$83,000 $77,350 $90,000 92.22% 85.94%
$21,000 $19,950 $23,000 91.30% 86.74%
$130,000 $119,600 $145,000 89.66% 82.48%
$90,000 $85,000 $100,000 90.00% 85.00%

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This Blog by: Julie Martin, CRB, e-PRO, Broker/Realtor, Port City Realty, Mobile, AL;

877-880-8110 toll free; 251-665-4665 my cell; julie@portcityrealty.com.

Search all the listings in Mobile County & Baldwin County any time for free with no sign in requirement from PortCityRealty.com.

Current Foreclosure List and Information
Current Waterfront List and Information
Current Mobile Condo List and Information

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Foreclosure Statistics - Mobile, Alabama Real Estate

Active Foreclosures as of October 13, 2009

of the 3586 Active Single Family Listings in Mobile County - 141 are Foreclosures

89 are listed under $99,999
40 are listed between $100-000-$199,999
12 are $200,000+

The most expensive foreclosure is on Dauphin Island at $349,900

Foreclosures Under Contract as of October 13, 2009

Of the 500 Single Family Listings Under Contract in Mobile County - 67 are Foreclosures

43 are listed under $99,999
17 are listed between $100,000-$199,999
7 are $200,000+

The most expensive foreclosure under contract is in Springhill at $1,475,000

Sold Foreclosures 3rd Quarter 2009 in Mobile County

Of the 861 Sold Properties in Mobile County 3rd Quarter 2009 - 155 were Foreclosures

108 were sold under $99,999
34 were sold between $100,000-$199,999
13 were sold $200,000+

The most expensive foreclsoure sold was in Springhill at $800,000

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This Blog by: Julie Martin, CRB, e-PRO, Broker/Realtor, Port City Realty, Mobile, AL;

877-880-8110 toll free; 251-665-4665 my cell; julie@portcityrealty.com.

Search all the listings in Mobile County & Baldwin County any time for free with no sign in requirement from PortCityRealty.com.

Current Foreclosure List and Information
Current Waterfront List and Information
Current Mobile Condo List and Information