Gulf Region Properties Team Blog

Mobile AL Real Estate Market Snapshot - 11/24/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Wed, 25 Nov 2009 08:16:54 -0600

Below you will find a table that contains the Market Activity report for 11-24-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

This information is derived daily directly from the local MLS System. For more free Mobile AL real estate information, reports, and statistics, please visit http://www.GulfRegionProperties.com or http://www.AlabamaBestHomes.com. Please e-mail me or call 251-215-9382 if you would like additional information on any of the listings shown.

Mobile AL Real Estate Market Snapshot 11/24/2009

Single Family Homes and Condominiums

New Listings	28
Price Reductions	25
Price Increases	3
Back on Market	3
Pending Transactions	8
Sold Transactions	18
Withdrawn from the Market	4
Expired Transactions	4
NET GAIN/LOSS (LISTINGS)	-3

Looking for a new home? Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

Mobile AL Real Estate Market Snapshot - 11/23/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Wed, 25 Nov 2009 07:55:46 -0600

Below you will find a table that contains the Market Activity report for 11-23-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 11/23/2009

Single Family Homes and Condominiums

New Listings	32
Price Reductions	17
Price Increases	2
Back on Market	1
Pending Transactions	22
Sold Transactions	22
Withdrawn from the Market	25
Expired Transactions	10
NET LOSS (LISTINGS)	46

Looking for a new home? Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

Mobile and Baldwin County Alabama - Monthly Real Estate Trends and Historical Statistics - October 2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Mon, 23 Nov 2009 10:04:50 -0600

We have tabulated our monthly statistics derived from the Mobile Area Association of Realtors and Baldwin County Association of Realtors. Based on the data, we are seeing a slowdown in the Baldwin County market after a few months of higher activity. Mobile County real estate market is still showing signs of recovery as activity is still relatively high. However, inventory levels in both Mobile and Baldwin County are rising. Lets take a look at the the real estate sales data from Mobile and Baldwin County by examining Trends and Historical Data:

TRENDING CHARTS

The inventory levels are showed a increase in both counties. The number of homes for sale data element is one to watch for to determine an improving market. Inventory levels will decrease in improving markets so lets keep an eye out for decreases in future months. The number of units sold (338) was second highest number in 2009. In Baldwin County the sales dropped almost 25% from September's numbers. It was a very slow month for activity in Baldwin County. The Median Sales Price for Existing Homes has leveled off for the past 3 months. The data shows that prices are much lower compared to most other months in the past 2 years. In Mobile County, the average median sales price for last 2 years is around $131,000 so October's $125,000 was down slightly. We can say the same in Baldwin County. In October, the Median Sales Price was $160,000. The average Median Sales Price for past 2 years is $173,000. The Days on Market field has becontinued its trend of being extremely volatile in Baldwin County. In Mobile County, the days on Market has been between 60 and 90 days for the most part for last 2 years. The Absorption Rate went down in Mobile County and was up in Baldwin County. The Absorption Rate is the best number to look at for determining how a real estate market is doing. For October, Mobile County is doing okay and Baldwin County shows signs for concern. The Number of New Foreclosure Listings has descreased in both Mobile and Baldwin County. Here are the charts:

Mobile and Baldwin County Real Estate Trends - Number of Homes Available for Sale

Mobile and Baldwin County Real Estate Trends - Number of Units Sold

Mobile and Baldwin County Real Estate Trends - Median Sales Price for Homes Sold

Mobile and Baldwin County Real Estate Trends - Days on Market for Homes Sold

Mobile and Baldwin County Real Estate Trends - Absorption Rate - Number of Months Supply

Mobile and Baldwin County Real Estate Trends - New Listings of Foreclosure Homes for Sale

HISTORICAL DATA SPREADSHEETS

We currently track 2 years worth of data from the Mobile County and Baldwin County MLS systems. For analysis purposes we will compare the statistics from October of 2009 to the same statistics from October of 2008. These are our findings:

Mobile and Baldwin County - Number of Units Sold

The units sold has increased 13% in last year in both Mobile and Baldwin County. Much of this increase can be attributed to the incentives available for first time home buyers.

Mobile and Baldwin County - Median Sales Price ($,000)

The median sales price for the homes sold in October 2009 increased by 2% in Mobile County ($123,000 to $125,000) and dropped in 11% in Baldwin County ($180,000 to $160,000).

Mobile and Baldwin County - Homes Available for Sale

The inventory level in Baldwin County has decreased 6% over the last year. This is a good trend, but there remains a large inventory of homes to choose in Baldwin County. In Mobile County, the number of homes available have increased 6% over the last year. The trend has been a continuing trend for past year or so. As inventory levels rise, prices should drop.

Mobile and Baldwin County - Days on Market for Homes Sold

The Days on Market data element can change dramatically from one month to another. When comparing the the Days on Market field from October 2009 to October 2008, we saw that in Mobile there was a increase of 8% in the number of days on market while in Baldwin County the days on market increase of 4%.

Mobile and Baldwin County - Absorption Rate - Months Supply of Homes for Sale

The absorption rate has decreased from the very high levels we saw in October 2008 in both Mobile and Baldwin County. There is still a large supply of homes in both counties, but the number of months supply decreased in Mobile 6% (11 months to 10 months) and decreased in Baldwin County even more - 18% - 23 months of supply last year vs. 19 months of supply this year. This is a very good sign for this area of our market.

Mobile and Baldwin County - Number of New Foreclosure Homes on the Market

The number of new foreclosure listings in Mobile County in October 2009 was up 7% compared to the same number of new foreclosure listings in Mobile County in October of 2008 (72 compared to 67). In Baldwin County the number of foreclosure listings was up a whopping 24% (56 compared to 45) in October 2009 compared to October of 2008.

Please let us know if you have any questions. We also would be happy to do individual analysis for certain towns and/or neighborhoods. Please feel free to drop us a e-mail. Visit either www.GulfRegionProperties or www.AlabamaBestHomes.com for other local information.

Mobile AL Real Estate Market Snapshot - 11/20/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Sat, 21 Nov 2009 22:33:11 -0600

Below you will find a table that contains the Market Activity report for 11-20-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 11/20/2009

Single Family Homes and Condominiums

New Listings	30
Price Reductions	31
Price Increases	7
Back on Market	12
Pending Transactions	15
Sold Transactions	9
Withdrawn from the Market	15
Expired Transactions	6
NET LOSS (LISTINGS)	3

Looking for a new home? Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

Mobile AL Real Estate Market Snapshot - 11/19/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Fri, 20 Nov 2009 20:32:25 -0600

Below you will find a table that contains the Market Activity report for 11-19-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 11/19/2009

Single Family Homes and Condominiums

New Listings	29
Price Reductions	23
Price Increases	1
Back on Market	3
Pending Transactions	10
Sold Transactions	12
Withdrawn from the Market	6
Expired Transactions	14
NET LOSS (LISTINGS)	10

Looking for a new home? Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

Mobile AL Real Estate Market Snapshot - 11/18/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Thu, 19 Nov 2009 19:06:04 -0600

Below you will find a table that contains the Market Activity report for 11-18-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 11/17/2009

Single Family Homes and Condominiums

New Listings	30
Price Reductions	25
Price Increases	2
Back on Market	3
Pending Transactions	12
Sold Transactions	16
Withdrawn from the Market	14
Expired Transactions	2
NET LOSS (LISTINGS)	11

Looking for a new home? Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

Mobile AL Real Estate Market Snapshot - 11/17/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Wed, 18 Nov 2009 18:03:20 -0600

Below you will find a table that contains the Market Activity report for 11-17-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 11/17/2009

Single Family Homes and Condominiums

New Listings	25
Price Reductions	28
Price Increases	4
Back on Market	6
Pending Transactions	9
Sold Transactions	10
Withdrawn from the Market	14
Expired Transactions	4
NET LOSS (LISTINGS)	6

Looking for a new home? Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

Mobile AL Real Estate Market Snapshot - 11/16/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Tue, 17 Nov 2009 15:43:33 -0600

Below you will find a table that contains the Market Activity report for 11-16-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 11/16/2009

Single Family Homes and Condominiums

New Listings	34
Price Reductions	23
Price Increases	4
Back on Market	4
Pending Transactions	21
Sold Transactions	8
Withdrawn from the Market	10
Expired Transactions	15
NET LOSS (LISTINGS)	16

Looking for a new home? Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

For Sale 9400 Homestead Drive S Semmes, AL 36575 3 Bedrooms/2 Baths

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Tue, 20 Oct 2009 16:59:40 -0500

Potential Short Sale

Overview
Maps
Photos
Features
Description
Neighborhood

$123,900

Single Family Home
For Sale

Main Features

3 Bedrooms
2 Bathrooms
1 Unit
Interior: 1347 sqft
Lot: 0.29 acre(s)

Location

9400 Homestead Drive
Semmes, AL 36575

Steve Shaw

Keller Williams Realty
(251) 215-9382
Steve@GulfRegionProperties.com
http://www.GulfRegionProperties.com

Listed by: Steve Shaw

Our recent listings

Potential Short Sale
Cute Cottage in Convenient Location
Gorgeous Waterfront Lot
Affordable Waterfront Living
Great Location to Build Your Dream Home

Subscribe to our listing feed

See more Semmes, AL real estate for sale

Mobile AL Real Estate Market Snapshot - 10/07/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Thu, 08 Oct 2009 10:01:28 -0500

Below you will find a table that contains the Market Activity report for 10-07-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 10/07/2009

Single Family Homes and Condominiums

New Listings	10
Price Reductions	13
Price Increases	2
Back on Market	1
Pending Transactions	10
Sold Transactions	5
Withdrawn from the Market	7
Expired Transactions	1
NET LOSS (LISTINGS)	12

Looking for a new home? Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

Mobile AL Real Estate Market Snapshot - 10/06/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Wed, 07 Oct 2009 20:09:06 -0500

Below you will find a table that contains the Market Activity report for 10-06-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 10/06/2009

Single Family Homes and Condominiums

New Listings	7
Price Reductions	9
Price Increases	1
Back on Market	0
Pending Transactions	11
Sold Transactions	8
Withdrawn from the Market	8
Expired Transactions	6
NET LOSS (LISTINGS)	26

Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

Mobile AL Real Estate Market Snapshot - 10/05/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Tue, 06 Oct 2009 13:35:00 -0500

Below you will find a table that contains the Market Activity report for 10-05-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 10/05/2009

Single Family Homes and Condominiums

New Listings	12
Price Reductions	15
Price Increases	1
Back on Market	2
Pending Transactions	11
Sold Transactions	10
Withdrawn from the Market	12
Expired Transactions	3
NET LOSS (LISTINGS)	22

Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

National Association of Realtors - Home Affordability Report - Mobile County - September 2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Tue, 06 Oct 2009 13:02:54 -0500

We have posted the monthly Home Affordability Report to the Mobile Alabama Real Estate Blog. The report shows real estate data for Mobile County for closed transactions in September 2009. Summary statistics are posted below or click here to see the entire post.

The information is derived directly from the Mobile Area Association of Realtors MLS system. For more free Mobile AL real estate information, reports, and statistics, please visit http://www.GulfRegionProperties.com or http://www.AlabamaBestHomes.com. Please e-mail me or call 251-215-9382 if you would like additional information.

Average Sales Price	$137,818
Median Sales Price	$124,900
Average Days on Market	83

Mobile AL Real Estate Market Snapshot - 10/04/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Mon, 05 Oct 2009 15:30:44 -0500

Below you will find a table that contains the Market Activity report for 10-03-09 and 10-04-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 10/04/2009

Single Family Homes and Condominiums

New Listings	0
Price Reductions	2
Price Increases	0
Back on Market	0
Pending Transactions	0
Sold Transactions	0
Withdrawn from the Market	0
Expired Transactions	8
NET LOSS (LISTINGS)	8

Below you will find a link to search for homes.

Search Mobile Alabama and Nationwide Homes for Sale.

Mobile AL Real Estate Market Snapshot - 10/02/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Sat, 03 Oct 2009 13:02:18 -0500

Below you will find a table that contains the Market Activity report for 10-02-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 10/02/2009

Single Family Homes and Condominiums

New Listings	19
Price Reductions	17
Price Increases	0
Back on Market	3
Pending Transactions	11
Sold Transactions	15
Withdrawn from the Market	13
Expired Transactions	12
NET LOSS (LISTINGS)	29

Below you will link to search for homes. Please use zip code for location.

Search Mobile Alabama and Nationwide Homes for Sale.

12380 Shakespeare Drive Foley, AL 36535 4 Bedroom / 3 Bath / 2 Car Garage * POOL * $240,000

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Fri, 02 Oct 2009 14:45:24 -0500

Large Large 4 BR Pool Home - Close to Gulf Beaches

Overview
Maps
Photos
Features
Description
Additional Pictures
Neighborhood

$240,000

Single Family Home
For Sale

Main Features

4 Bedrooms
3 Bathrooms
1 Unit
Interior: 3117 sqft
Lot: 0.33 acre(s)

Location

12380 Shakespeare Drive
Foley, AL 36535

Steve Shaw

Keller Williams Realty
(251) 215-9382
Steve@GulfRegionProperties.com
http://www.GulfRegionProperties.com

Listed by: Keller Williams Realty

Our recent listings

Cute Cottage in Convenient Location
Gorgeous Waterfront Lot
Affordable Waterfront Living
Great Location to Build Your Dream Home
Large Large 4 BR Pool Home - Close to Gulf Beaches

Subscribe to our listing feed

See more Foley, AL real estate for sale

Mobile AL Real Estate Market Snapshot - 10/01/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Fri, 02 Oct 2009 14:34:59 -0500

Below you will find a table that contains the Market Activity report for 10-01-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 10/01/2009

Single Family Homes and Condominiums

New Listings	16
Price Reductions	8
Price Increases	2
Back on Market	0
Pending Transactions	15
Sold Transactions	14
Withdrawn from the Market	8
Expired Transactions	30
NET LOSS (LISTINGS)	45

Below you will link to search for homes. Please use zip code for location.

Search Mobile Alabama and Nationwide Homes for Sale.

Mobile AL Real Estate Market Snapshot - 09/30/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Thu, 01 Oct 2009 14:43:33 -0500

Below you will find a table that contains the Market Activity report for 9-30-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 09/30/2009

Single Family Homes and Condominiums

New Listings	8
Price Reductions	7
Price Increases	0
Back on Market	3
Pending Transactions	5
Sold Transactions	14
Withdrawn from the Market	4
Expired Transactions	3
NET LOSS (LISTINGS)	15

Below you will link to search for homes. Please use zip code for location.

Search Mobile Alabama and Nationwide Homes for Sale.

1411 Brooke Avenue Mobile, AL 36605 - 2 Bedroom Cottage - Near Brookley Aerospace Center - $39,900

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Wed, 30 Sep 2009 11:15:50 -0500

Cute Cottage in Convenient Location

Overview
Maps
Photos
Features
Description

$39,900

Single Family Home
For Sale

Main Features

2 Bedrooms
1 Bathroom
1 Unit
Interior: 839 sqft
Lot: 0.20 acre(s)

Location

1411 Brooke Avenue
Mobile, AL 36605

Steve Shaw

Keller Williams Realty
(251) 215-9382
Steve@GulfRegionProperties.com
http://www.GulfRegionProperties.com

Listed by: Keller Williams Realty

Our recent listings

Cute Cottage in Convenient Location
Gorgeous Waterfront Lot
Affordable Waterfront Living
Great Location to Build Your Dream Home
Large Large 4 BR Pool Home - Close to Gulf Beaches

Subscribe to our listing feed

See more Mobile, AL real estate for sale

2709 Nottingham Drive - Mobile, AL 36605 - Beautiful 4 Bedroom 2 Bathroom Waterfront Home - $159,900

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Wed, 30 Sep 2009 06:54:09 -0500

Affordable Waterfront Living

Overview
Maps
Photos
Features
Description
Additional Photos
Neighborhood

$159,900

Single Family Home
For Sale

Main Features

4 Bedrooms
2 Bathrooms
1 Unit
Interior: 1665 sqft
Lot: 0.65 acre(s)

Location

2709 Nottingham Dr., E.
Mobile, AL 36605

Steve Shaw

Keller Williams Realty
(251) 215-9382
Steve@GulfRegionProperties.com
http://www.GulfRegionProperties.com

Listed by: Keller Williams Realty

Our recent listings

Cute Cottage in Convenient Location
Gorgeous Waterfront Lot
Affordable Waterfront Living
Great Location to Build Your Dream Home
Large Large 4 BR Pool Home - Close to Gulf Beaches

Subscribe to our listing feed

See more Mobile, AL real estate for sale

Mobile AL Real Estate Market Snapshot - 09/29/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Wed, 30 Sep 2009 06:38:40 -0500

Below you will find a table that contains the Market Activity report for 9-29-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 09/29/2009

Single Family Homes and Condominiums

New Listings	13
Price Reductions	13
Price Increases	0
Back on Market	3
Pending Transactions	13
Sold Transactions	10
Withdrawn from the Market	8
Expired Transactions	3
NET LOSS (LISTINGS)	18

Mobile AL Real Estate Market Snapshot - 09/28/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Tue, 29 Sep 2009 10:34:52 -0500

Below you will find a table that contains the Market Activity report for 9-28-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 09/28/2009

Single Family Homes and Condominiums

New Listings	10
Price Reductions	12
Price Increases	2
Back on Market	4
Pending Transactions	11
Sold Transactions	14
Withdrawn from the Market	12
Expired Transactions	4
NET LOSS (LISTINGS)	27

Mobile AL Real Estate Market Snapshot - 09/27/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Tue, 29 Sep 2009 10:14:07 -0500

Below you will find a table that contains the Market Activity report for 9-27-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 09/27/2009

Single Family Homes and Condominiums

New Listings	0
Price Reductions	2
Price Increases	0
Back on Market	0
Pending Transactions	2
Sold Transactions	6
Withdrawn from the Market	0
Expired Transactions	6
NET LOSS (LISTINGS)	14

Mobile AL Real Estate Market Snapshot - 09/25/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Tue, 29 Sep 2009 09:58:31 -0500

Below you will find a table that contains the Market Activity report for 9-25-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 09/25/2009

Single Family Homes and Condominiums

New Listings	8
Price Reductions	12
Price Increases	0
Back on Market	2
Pending Transactions	8
Sold Transactions	9
Withdrawn from the Market	3
Expired Transactions	5
NET LOSS (LISTINGS)	15

Mobile AL Real Estate Market Snapshot - 09/24/2009

Steve Shaw, e-PRO, Gulf Region Properties Team (Keller Williams Realty) — Fri, 25 Sep 2009 15:19:35 -0500

Below you will find a table that contains the Market Activity report for 9-24-09 activity in the Mobile AL Real Estate market according to the Mobile Association of Realtors MLS system.

Mobile AL Real Estate Market Snapshot 09/24/2009

Single Family Homes and Condominiums

New Listings	14
Price Reductions	12
Price Increases	0
Back on Market	4
Pending Transactions	3
Sold Transactions	17
Withdrawn from the Market	7
Expired Transactions	5
NET LOSS (LISTINGS)	14