Enterprise AL Market Report - October 2008

By
Real Estate Agent with !Daley Real Estate GRE# 297541

 

Enterprise AL Real Estate Report

 

 

 

 

             Wiregrass Alabama

Enterprise, Daleville, Ozark & Fort Rucker

 

 

 

October 2008 Market Recap Report

 

 

The 2008 year is quickly coming to and end. This year sure proved to be a roller coaster ride for the housing industry. Below you will find the October 2008 Wiregrass Real Estate Market Activity for the Enterprise Alabama, Fort Rucker & surrounding area. In this edition, I will include a month to month comparison highlighting the housing trends since January 2008. The housing market is rapidly changing, so check back often to stay informed or you can subscribe to the monthly Market Report for the Ft. Rucker, Enterprise and Wiregrass area.

 

Information source Wiregrass Board of Realtors® MLS (WBMLS)

ONLY RECORDED DATA IN THE MLS

IS INCLUDED IN INFORMATION BELOW

 

Enterprise AL Real Estate Market Report

 

 

During the month of October there was 132 homes listed (145 last month) in the Wiregrass MLS. The average list price was $169,720 compared to last months $163,654. Single family homes accounted for 109 of those listings, 19 were town houses, 1 Duplex and 3 were manufactured (mobile) homes. The Wiregrass MLS (WBMLS) total Dollar Volume for new listings in the month of October was $22,402,981.

 

Enterprise AL Real Estate Market

Single family homes average listing price was $180,137 and a median price of $158,400.

Enterprise AL Real Estate market report

During October 2008 - homes in the Enterprise AL and the Wiregrass surrounding area had an average sold price of $141,265 (up from last month’s $123,549) with a median price of $131,175, based on the Wiregrass MLS (Multiple Listing Service). The total Dollar Volume of $10,171,299 reflected homes sold (actually went to closing)during the month of October 2008 in the Wiregrass area compared to September's Dollar Volume of $9,019,100.

 

Enterprise AL Real Estate Market Report

 

 

October 2008 yielded 72 homes sold, not far off from the 73 homes sold in September. When homes go to closing, ownership changes hands and the new owners are listed on the tax records, which are recorded at the Coffee County Courthouse in Enterprise or the Dale County Courthouse in Ozark.

 

Enterprise AL Homes Sold Report

 

 

The Average days on the market (DOM) for the month of October 2008 was 134 days compared to 128 in September of 2008.

  

Enterprise AL Real Estate Market Report

 

 

 Current Conditions as of November 18, 2008:

Active listings: 813   Pending Listings: 89    Subject to leases: 24

Active listings are homes listed on Wiregrass MLSthat are on sale in the Enterprise, Daleville, Ozark, New Brockton, Clayhatchee, Fort Rucker, Elba and surrounding areas.  Pending listingsare homes that have a contract or offer that has not been completed and changed possessions. It is possible that homes that are pending in the Wiregrass MLS may come back on to the market for sale.  Homes, town houses and mobile homes that are subject to lease are currently being occupied by tenants and are typically marketed to investors.  However, a careful review of when the lease is due to end may result in the listing being ready for owner occupancy. 

 

 

The Absorption rate in the Enterprise / Fort Rucker and the surrounding area is 50 weeks or approximately 12 months of inventory if the current conditions remain unchanged and continue to sell at 17 homes per week.

An absorption rate is the ability of the real estate market to sell off all of the houses that are for sale in Enterprise / Fort Rucker and the surrounding area of Coffee and Dale County.

 

 

"Statistics not compiled or published by WBMLS."
Equal Opportunity Housing
All information deemed reliable, but not guaranteed

 

 

 

 

Selling a home in the Enterprise / Fort Rucker Wiregrass area?  The Wiregrass Market Report published by Fort Rucker Relocation Specialist, can help you understand the market trends in the area.  In addition, request a FREE Market Analysis for your home selling process by calling Michelle at 334-237-2657.

On PCS orders to the Fort Rucker area and considering buying a home in the Fort Rucker area?  Contact Michelle Tucker, FT Rucker Relocation Specialist, to help you prepare for you military move to the FT Rucker area.  You may also request to be put on the FT Rucker Rental Homes weekly mailing list.

 

 

Authored by: Michelle Tucker

Pictures Courtesy: flickr

Original Post: www.activerain.com

 

 

 All Rights Reserved. Copy Right 2008. Michelle Tucker

Fort Rucker Real Estate Relocation Blog

 

Wiregrass / Enterprise AL / Daleville AL / Ozark AL / Fort Rucker

Enterprise AL Real Estate / Daleville AL Real Estate / Fort Rucker Real Estate

Real Estate Market Report / Housing Market Report / Inventory Market Report

Fort Rucker Relocation / Military Spouse Relocation Specialist / Military PCS Move

Home buyers / Home Sellers / Buying & Selling

Michelle Tucker - Realty World SHAP

Fort Rucker Real Estate Relocation Blog

Licensed Realtor in Alabama

 

 

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Show All Comments
Rainmaker
560,417
Jo Olson
HOMEFRONT Realty - Kettle Falls, WA
Retired - HOMEFRONT Realty @ LAKE Roosevelt

Michelle, You do a fantastic job with the data for the Fort Rucker area! Love the worbble!

Nov 19, 2008 05:06 AM #1
Rainmaker
88,615
Michelle Tucker ~ Pooler Real Estate
!Daley Real Estate - Pooler, GA
Rincon~Savannah~Richmond Hill

Jo in Bremerton:  Thank you for the encouraging words.  I have been slacking on the market reports.  I guess better late than never.  How are things in the Great Northwest?  Hope the Bremerton market is picking up! 

Nov 19, 2008 10:41 AM #2
Rainmaker
123,045
Marie Westerman
Blanchard and Calhoun Real Estate/ Wilson Parker Homes - Evans, GA
New Homes Sales Specialist Evans GA REALTOR
Great Market report fo the wiregrass area. I am always impressed with your detail! Keep them comming
Nov 30, 2008 11:14 AM #3
Rainmaker
88,615
Michelle Tucker ~ Pooler Real Estate
!Daley Real Estate - Pooler, GA
Rincon~Savannah~Richmond Hill

Marie in Augusta:  Thanks for support the Fort Rucker area Market Report!  I have not seen any of your Augusta GA or Waynesboro reports lately!!! 

Dec 03, 2008 04:17 PM #5
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Rainmaker
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Michelle Tucker ~ Pooler Real Estate

Rincon~Savannah~Richmond Hill
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