Targeted by Internet Scammer - Blow by Blow Account - 10/31/07 07:14 PM
I am not the smartest cookie in the jar, but even I could see this one a mile away.  Well maybe not right away, but then again I did mention that I am not the smartest cookie.  Recently I was contacted by a supposed buyer that lived in Milan, Italy.  I advertised my personal condominium for sale on a web site called SubmitTheOffer.com.  I made sure to note in the advertisement that I was a licensed realtor selling my personal property. 
Well I was pleasantly suprised when 2 days later I received an e-mail from the lady from Italy.  Here is the originating letter:
Hello, … (15 comments)

Builders Lower Prices on Existing Inventory - 10/20/07 10:29 AM
Two of the largest builders in our area Adams Homes and Mitchell Homes have lowered prices on their existing inventories for their homes located in Mobile and Baldwin County.  It appears that an effort has been made to sell these homes before the end of the year.  Adams Homes is offering additional incentives such as interest rate buydown or assistance with insurance/tax prepaid items if the buyer uses one of the builders preferred lenders.
Take a look at this chart to see the price changes.  A few of these homes have already went under contract as a result of these price changes so … (0 comments)

Single Family Home for Sale in Daphne, AL - 10/12/07 09:40 AM
… (0 comments)

Mobile Area Home Price Appreciation - 10/11/07 09:52 AM
The following chart 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.   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 … (2 comments)

Baldwin County Real Estate Statistics and Trends - September 2007 - 10/08/07 10:31 PM
Number of Single Family Homes Sold in Baldwin County
In September 2007, 166 Single Family Homes were sold in Baldwin County.  Thie number represents the lowest number of sales in the past 22 months.  Here is a chart showing sales in Baldwin County for this time frame:
Median Sales Price
The median sales price for a home in Baldwin County has stayed relatively steady for the past year.  In September, the median sales price for a home in Baldwin County was $201,000 which is 11% increase since December of 2005.  Here is a chart showing trends in the Median Sales Price:
Available Single Family Homes 
The … (0 comments)

Mobile Real Estate Statistics and Trends - September 2007 - 10/06/07 07:54 PM
 
September showed a drop of 22% in number of units sold in Mobile County.  This trend was also apparent at the time last year. 
The median sales price of a home in Mobile County has taken a drastic turn down in past two months.  We show a drop of $18,000.  We still show an increase of $3000 when compared to December of 2005.  We had a drop in median sales price last September and then it went up again in October.  We will have to see what happens this October.
Our inventory levels in Mobile County have doubled since December of 2005.  The … (0 comments)

GO Zone Properties - South Alabama - 10/04/07 08:41 AM
The Gulf Opportunity Zone Act, known as the GO Zone, has been in effect for two years.  I thought that I would take a look at its affect on the Mobile County housing and real estate market.
There has been a tremendous response locally in Mobile County to the available accelerated depreciation benifits for investors buying property in the GO Zone and putting them into the rental program.  I can not speak for my neighbors to the west in Mississippi and Louisiana or to my north in the other counties in Alabama that are located in other areas affected the GO Zone.  In … (0 comments)

CNN Money Names Mobile as Top 10 Bounce Back Market - 10/03/07 12:58 PM
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 … (2 comments)

 
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Steve Shaw, e-PRO, Gulf Region Properties Team

Mobile, AL

More about me…

Keller Williams Realty

Address: 6333 Cottage Hill Road, Mobile, AL, 36609

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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