homes for sale: Dothan Real Estate - December 2008 Inventory Report
- 12/22/08 07:14 AM
There hasn’t been much movement either up or down in the number of homes for sale in the Dothan MLS over the past several weeks. Single family houses for sale peeked around 1,030 in early November, but have since settled back down to around the 1,000 mark. Considering that an increase in inventory during the fall is very common, it looks as though the top may have been reached. We will know after the first of the year, when another surge upward could occur.
Absorption rate A big fall in the number of homes sold in November (more … (1 comments)
homes for sale: Dothan area absorption rates
- 06/06/08 03:55 AM
This article was originally posted on DothanHomeSearch.com We have discussed absorption rates in previous posts, but always from the view of the overall Dothan area real estate market. Today we're going to look at some different areas of the overall market, specifically the different areas defined by the Dothan MLS. First, a brief explanation of the MLS areas is in order. The layout of Dothan lends itself to being easily divided out into geographical areas. The major north-south highway is US 231/431, while traveling on US 84 (Main Street) gets you from east to west. Dothan is circled by Alabama Hwy … (2 comments)
homes for sale: Homes for $185,000 around Dothan
- 04/29/08 04:22 AM
This article was originally posted on DothanHomeSearch.com Continuing our look at different price ranges around Dothan. So far we have looked at a few homes priced around $90,000 and some priced at around $135,000. We’re up to $185,000, and there are some nice ones. We’ve got a nice home outside of Headland sitting on almost two acres. It’s only a couple of years old and is listed for $185,500. Here’s another one in the country, this one is just outside of Cottonwood. 2200 square feet, all hardwood and tile floors, and offered for $184,762. Several new construction homes are listed in … (0 comments)
homes for sale: Wrapping up open house month
- 04/25/08 03:18 AM
This article was originally posted on DothanHomeSearch.com You have likely seen the ads on TV touting April as CENTURY 21 National Open House month. We at CENTURY 21 Key Realty are participating by having a huge open house weekend this Saturday, April 26th and Sunday, April 27th. CLICK HERE for details on the homes that will be open this Sunday. You can also see a slideshow over to your right. Click on the home you are interested in for details. All homes will be open from 1:00 to 5:00 pm on both Saturday and Sunday! Stop by and say HI! Tags: … (0 comments)
homes for sale: How far will home prices fall?
- 04/25/08 03:13 AM
This article was originally posted on DothanHomeSearch.com I posted earlier this week that the median home price in the Dothan area has fallen almost 9% (stats from the Dothan MLS) since the peak in the third quarter of 2006. According to Yale University economist Robert Shiller, home prices could fall a lot further. Median price rose in the Dothan area about 30% between 2000 and 2006, so having to give some back when the market turns like it has is only logical. Only time will if ours have indeed bottomed out, or if the slide resumes. My opinion is that Shiller's … (0 comments)
homes for sale: Homes for $135,000 around Dothan
- 04/25/08 03:03 AM
This article was originally posted on DothanHomeSearch.com Continuing our look at different price ranges around Dothan. On Monday, we looked at a few homes priced around $90,000. Here is a link to homes for sale in the Dothan MLS priced at around $135,000. We have a foreclosed 3BR/2BA home zone for Rehobeth schools listed for $134,900. It needs a little work, but would make a great home. There are a couple of new construction homes listed in the Kinsey area. Both 3BR/2BA and listed for $135,000. Ready to move in! How about an old farmhouse in the country? Check out this … (0 comments)
homes for sale: What can you buy for $90,000
- 04/22/08 03:37 AM
This article was originally posted on DothanHomeSearch.com I have been meaning to do this for some time now. Those of you who are not in the market right now, or those that might be considering a move to the Dothan area, likely will have an interest in a good overview of what your money will buy you in the Dothan real estate market. The first price we are looking at is $90,000. Here is a link to homes for sale in the Dothan MLS priced at around $90,000. Right now there are less than 20 homes. We have a nice 3 … (1 comments)
homes for sale: April is CENTURY 21 Open House Month
- 03/26/08 02:42 AM
This article was originally posted on DothanHomeSearch.com You have likely seen the ads on tv touting April as CENTURY 21 National Open House month. We at CENTURY 21 Key Realty will be participating by having two huge open house weekends. The first will be on Sunday, April 6th, and the second on Saturday, April 26th and Sunday, April 27th. Watch for more information coming in the next few days. We will have complete information on the houses that will be open as well as directions and times here on DothanHomeSearch.com.
homes for sale: New condo development in Dothan breaks ground
- 02/22/08 05:14 AM
The dirt is moving on project that we told you about back in November. This will be the first development of its kind here in the Dothan area. Here are the quick details. The plan from Epcon is to build Stone Creek Landing, a 118 unit ranch style condominium development that will include 28 4-unit buildings and three 2-unit buildings, with each unit ranging in size from 1325 to 1926 square feet. The development will also include ponds, walking trails, a fitness center, plus many other amenities. As always, construction schedule is dependent on the weather. I'll keep you updated with … (0 comments)
homes for sale: Dothan Real Estate - January Inventory Update
- 01/11/08 01:52 AM
Continuing the theme from yesterday, here is the new and improved Dothan real estate market inventory report, covering the inventory numbers and absorption rate. Inventory You’ll notice a slight drop in December. Also notice the slight drop last January. This is a typical winter occurrence. Inventory is back up to 913 single-family residences this morning, and will likely continue to move upward in the coming weeks.
Absorption rate Simply put, the absorption rate is the amount of time it would take to sell every home on the market today, if no more homes were listed. This figure is calculated by … (0 comments)
homes for sale: Dothan Real Estate Market - January Sales Update
- 01/11/08 01:49 AM
You’ll notice a couple of things with this month’s update. First, some of the numbers from previous months are different from the numbers in previous market updates. Why? I have been using some numbers from the Alabama Real Estate Research Center, but I have started to question their accuracy. Some months they are higher than the MLS numbers, and some months lower. So in order to be consistent, we’ll stick with the raw data from the Dothan MLS. 2007 numbers have been adjusted accordingly. The other change relates to what numbers we will be looking at. I have previously been presenting … (0 comments)
homes for sale: Don't let a low ball put you behind the eight ball
- 01/03/08 06:23 AM
I was over at my brother’s house just before Christmas helping put a trampoline together for my niece. His neighbor, who has her house on the market, came over to check out what we were doing. Without knowing me or what business I am in, she starts talking about a recent offer that was presented to her by her agent. From what I was able to put together, the offer was not just lower, it was substantially lower (a “low ball” in real estate vernacular) than her list price, so she instructed her agent to reject the offer outright, and admonished … (0 comments)
homes for sale: Three reasons why some Dothan homes for sale sell quicker than others
- 12/17/07 04:23 AM
There were 94 homes sold in Dothan in November, according to the Dothan Multiple Listing Service. Looking at the statistics, each spent an average of 128 days on the market. Out of those 94 homes however, 25 sold in less than 60 days. Why? The median price for these quick sellers was around $133,000. No significant difference from the overall market median for the month of just over $134,000. 16 of the 25, or 64%, were inside the city limits of Dothan. So far this year, 62% of all sales have been inside the Dothan city limits. Again, no significant difference. So why did … (0 comments)
homes for sale: Pending Sales Continue Downward Trend in Dothan Real Estate
- 11/01/07 06:42 AM
We have discussed other market numbers recently, including an analysis of days on market, absorption rate, and the overall numbers. All of them point to a slowing market. Today I want to throw a new number into the mix. We’ll call it the Pending Sales Ratio. The number of pending sales gives a good indication of home sales activity over the next 30 – 60 days, which is typically the amount of time from the date of contract (pending status) until closing (sold status). What the graph shows is the percentage of homes on the market that are in pending status. … (0 comments)
homes for sale: Access Homes for Sale in Dothan on your Cell Phone
- 11/01/07 06:39 AM
mobile.century21.com Visitors can search for properties, agents, and offices, as well as utilize interactive financial tools such as a mortgage calculator, at their convenience via their PDAs, cell phones and other handheld devices with Internet access capability. Buyers driving through a neighborhood can access information on a CENTURY 21 listing immediate using their web-enabled device. Sellers enjoy this benefit as well by knowing that information on their home is available almost immediately 24 hours a day, seven days a week, to interested buyers. Try it out on your phone or PDA today and let us know what you think! … (0 comments)
homes for sale: Dothan Real Estate Market Absorption rate analysis for 3rd quarter, 2007
- 10/16/07 08:26 AM
We have talked about absorption rate before. For those that missed it, absorption rate is the time it would take to clear the market of inventory if no more homes were listed for sale. This is measured in months, and is calculated by dividing the current inventory by the average number of homes sold per month, in this case, during the 3rd quarter.
Looking at the overall market, there is now almost a nine month supply of homes available. But the rate can vary, sometimes drastically, when you look at different areas and price ranges. Here is a table showing absorption … (1 comments)
homes for sale: A Chicken in every pot, and a house on every street
- 09/14/07 07:34 AM
At the end of August, there were 885 single family properties listed for sale in the Dothan Multiple Listing Service. Inventory continues to rise, and we are fast approaching what would be an all-time high. In the last three months, close to 600 new listings have been brought to the market, while there have been only about half that many (335) sold. Of the 885 listed properties, over 200 are new construction homes. It certainly looks like there is at least one home for sale on every street in Dothan. Continue reading at dothanhomesearch.com … (0 comments)
There hasn’t been much movement either up or down in the number of homes for sale in the Dothan MLS over the past several weeks. Single family houses for sale peeked around 1,030 in early November, but have since settled back down to around the 1,000 mark. Considering that an increase in inventory during the fall is very common, it looks as though the top may have been reached. We will know after the first of the year, when another surge upward could occur. ;)
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