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Please check out our new listing in the Hamilton Bridges subdivision in west Mobile AL area which is priced below market for quick sale. The like new home for sale is 1 year new and features both a front porch and rear porch and 2 car garage. Nice wooded view in backyard for privacy.

 

We have a new listing in Foley that we want to let you know about.  Please call us to take a tour of the home.  You will find that the home is tastefully decorated inside and out. The sellers have taken great care of the home and added special touches such as warm paint colors, accent walls, flower beds and shrubs around the home, painted front porch, and more.

 

Bank Owned REO PropertiesThere has been a dramatic increase in the number of foreclosure sales in Baldwin County according to data extrapolated from the Baldwin County Association of Realtors.  For the period of January through August of 2008, there has been 158 closed transactions for Bank Owned (REO) Single Family Homes.  The number of closed transactions represent a 300 % increase from the same period in 2007 when there was 39 such sales.

Inventory levels of available homes have been fairly consistent, but the number of increasing foreclosures hurt sales of new homes. In addition there is extra competition for sellers of existing homes.

Please look at the following table which shows the number of foreclosure transactions by location, the average list price, the average sales price, and percent of sales price compared to the list price. Please let us know if you would like a detailed report of these transactions.

Google Docs - Baldwin County Foreclosure Sales Jan-Aug 2008

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Transaction CountAverage List PriceAverage Sales PriceSales Price %

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Bay Minette9$77,266.67$72,522.2293.86%

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Daphne16$152,903.06$146,551.8895.85%

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Elberta2$243,900.00$242,450.0099.41%

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Fairhope7$162,085.71$155,328.5795.83%

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Foley42$150,579.76$141,683.4594.09%

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Gulf Shores36$284,672.97$265,753.4793.35%

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Lillian1$169,900.00$160,000.0094.17%

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Loxley7$144,242.86$140,434.2997.36%

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Orange Beach14$248,682.14$243,294.7197.83%

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Robertsdale8$91,550.00$87,390.5095.46%

.

Silverhill5$144,500.00$138,665.0095.96%

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Spanish Fort6$131,600.00$128,200.0097.42%

.

Stapleton2$66,725.00$66,150.0099.14%

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Stockton1$172,900.00$168,000.0097.17%

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Summerdale2$132,550.00$129,800.0097.93%

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 Grand Total158$182366.62$173153.6494.95%
 
The statistics for Mobile and Baldwin County for the period ending August 30, 2008 have been tabulated. As expected the numbers were lower across the board in all categories in both counties. Here are is the spreadsheet data and charts. Please let us know if you have any questions. Google Docs - 200808 Mobile Baldwin MLS Trends

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Nov 2006Dec 2006Jan 2007Feb 2007Mar 2007Apr 2007May 2007Jun 2007Jul 2007Aug 2007Sep 2007Oct 2007Nov 2007Dec 2007Jan 2008Feb 2008Mar 2008Apr 2008May 2008June 2008Jul 2008Aug 2008

.

Mobile369371308364465460499511519459360392362335280327346387463396395342

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Baldwin178199152184225248237251215220166156127151101149155149188187193190
Google Docs - 200808 Mobile Baldwin MLS Trends

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Nov 2006Dec 2006Jan 2007Feb 2007Mar 2007Apr 2007May 2007Jun 2007Jul 2007Aug 2007Sep 2007Oct 2007Nov 2007Dec 2007Jan 2008Feb 2008Mar 2008Apr 2008May 2008Jun 2008Jul 2008Aug 2008

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Mobile135135131131130136144146145133127129149140120135133137138144139137

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Baldwin190194188189197200200200194197201190186182177183186185180184192190
Google Docs - 200808 Mobile Baldwin MLS Trends

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Nov 2006Dec 2006Jan 2007Feb 2007Mar 2007Apr 2007May 2007Jun 2007Jul 2007Aug 2007Sep 2007Oct 2007Nov 2007Dec 2007Jan 2008Feb 2008Mar 2008Apr 2008May 2008June 2008Jul 2008Aug 2007

.

Mobile2149213422002294235725142582269828552959300730302991289430363067312432443268337733923374

.

Baldwin2864276430283147322231513257326738153319339232993238313731463125324633433348328333823273
Google Docs - 200808 Mobile Baldwin MLS Trends

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Nov 2006Dec 2006Jan 2007Feb 2007Mar 2007Apr 2007May 2007Jun 2007Jul 2007Aug 2007Sep 2007Oct 2007Nov 2007Dec 2007Jan 2008Feb 2008Mar 2008Apr 2008
May 2008Jun 2008Jul 2008Aug 2008

.

Mobile50666366687061637061596770768992848290938381

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Baldwin11813012011610211299109127122129113123131170176169178154145162179
Google Docs - 200808 Mobile Baldwin MLS Trends

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Nov 2006Dec 2006Jan 2007Feb 2007Mar 2007Apr 2007May 2007Jun 2007Jul 2007Aug 2007Sep 2007Oct 2007Nov 2007Dec 2007Jan 2008Feb 2008Mar 2008Apr 2008
May 2008Jun 2007Jul 2008Aug 2008

.

Mobile5.825.757.146.305.075.475.175.285.506.458.357.738.268.6310.849.379.028.387.058.538.599.86

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Baldwin15.3114.7616.0913.8919.9217.1014.3212.7113.7413.0217.7415.0920.4321.4725.5020.7720.9422.4617.8117.5617.5217.23
 
Gulf Region Properties Team | Keller Williams Realty | (251) 215-9382
5601 Highway 180 Unit 2801, Gulf Shores, AL
Beach Cottage - Wonderful for Weekend Getaways
3BR/2BA Condo
offered at $218,500
Year Built 2005
Sq Footage 1,100
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking None
Lot Size Unspecified
HOA/Maint $395 per month

DESCRIPTION
This completed furnished cottage would be a perfect summer home. The Rookery is located near historic Fort Morgan. This unit is tastefully decorated to look like a hunting/fishing lodge and all furnishings are included with the purchase. The complex features a gorgeous walk in pool with fountains and swim up bar area. There are barbecue and picnic areas with tennis/sport court. Public gulf beach, boat launch, marina, ferry are all located nearby. Seller is related to listing agent.

see additional photos below
PROPERTY FEATURES
Central A/C Central heat Hardwood floor
Family room Dining room Dishwasher
Refrigerator Stove/Oven Microwave
Washer Dryer Laundry area - inside
Balcony, Deck, or Patio

COMMUNITY FEATURES
Guest parking Swimming pool(s) Sauna/Spa
Tennis court(s) Playground


ADDITIONAL PHOTOS
Seller contact info:
Gulf Region Properties Team
Keller Williams Realty
(251) 215-9382
www.GulfRegionProperties.com
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Aug 27, 2008, 6:35am PDT
 
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Real Estate Agent: Steve Shaw, Gulf Region Properties Team (Keller Williams Realty)
Steve Shaw, Gulf Region Properties Team
Foley, AL
More about me…
Keller Williams Realty

Office Phone: (251) 662-5660
Cell Phone: (251) 215-9382
Email Me
Everything about Mobile and Baldwin County, Alabama, with a focus on the Mobile area Real Estate Market, Home Sales, Homes for Sale in Mobile, as well as views and commentary on Mobile, Alabama.


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