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FHA Appraiser Reports On "The Woodlands At The Preserve" Subdivision Located In Mobile, Alabama

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Real Estate Appraiser with CHENEY APPRAISAL SERVICES

FHA Appraiser, Albert M. Cheney, reporting on The Woodlands At The Preserve Subdivision located along the north side of Girby Road between Government Boulevard and Hillcrest Road within the city of Mobile, Alabama.

The Woodlands At The Preserve Subdivision has 82 lots and, since 2006, around half of the lots have homes.

The majority of the homes will range from 2,000 square feet to 2,500 square feet with three bedrooms and two to three bathrooms.

The Average List Price is $368,857 and the Average Sale Price is $332,361 at this time.

The Average Sold Price Per Square Foot is $154.59.

The Average Number of Days On Market (DOM) is 127 days at this time;  although, the current economic and lending conditions could lengthen the days on market (DOM).

The Listing Price To Sales Price Ratio is approximately 99.6%.

The REALTOR online records indicate a Low Sale Price of $275,000 and a High Sale Price of $470,000.

The above information was obtained from the Mobile Area Association of REALTORS.  Albert M. Cheney, FHA Appraiser, (251) 533-2424, is a member of the local REALTORS organization.

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