Welcome to the 4th best home-buying bargain market in the United States!
Mobile received national media attention in 2011 for being recognized as the fourth best city in the U.S. for homebuyers to find the deal of a lifetime. According to data from both Yahoo Real Estate and popular consumer site, Zillow, the average price per square foot fell to $57.00. Local Realtors across Mobile County hope that this national ranking will help the word get out, that the City of Mobile is hot spot for home deals on the Alabama Gulf Coast.
Mobile real estate values to those found in Detroit, a city that has seemed to be the pinnacle of fall-out from the national economic crisis. The average sales price for homes sold in Mobile in 2011 was $123,834, which represented a 9% decrease from 2010. Cash sales are becoming common place, as investors flock to the area to take advantage of the falling real estate prices, fueled by banks getting aggressive on distressed properties adn an abundance of inventory.
Please call our Lead Buyer Specialist in Mobile County, Karen Singleton, with additioanl questions or a private tour of your favorite home South Alabama home deals. You can reach Karen direct on her cell at 251-510-1466.