This month’s edition covers Mobile Eastern Shore real estate market activity and then we’ll tell how a timely inspection report can net buyers an extra $8,000 this summer!
Features special guest Terri Murphy of US Learning.
This home was designed by Pete Vallas with incredible lines and located on a cul-de-sac with great views of the creek. There are beautiful floors throughout and tall ceilings, open foyer, living parlor and a large greatroom with built-in bookcases. This home boasts an oversize kitchen with top of the line appliances and it’s an open cook’s kitchen. There is a covered loggia with fireplace and the bonus room could be easily finished for a media room. Fireplaces give this home a warm feeling.
Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of Realtors®. Let’s take a look at local Mobile AL real estate sales.
Mobile AL Real Estate Sales Statistics
The number of homes selling in Mobile AL in June declined 24 percent with 291 homes sold. the average sales price dropped 13 percent, down $23,853 from June 2008. The median sales price dropped 11 percent or $15,922 while the days on market dropped 3 days or 4 percent. The number of sales increased by 3 percent or 87 homes.
June 2009
Homes Sold: 291
Average Sales Price: $153,663
Median Sales Price: $130,000
Average Days On Market: 80
Total Homes For Sale: 3,401
June 2008
Homes Sold: 383
Average Sales Price: $177,516
Median Sales Price: $145,922
Average Days On Market: 83
Total Homes For Sale: 3,314
Learn more about Mobile AL real estate by visiting JudySells.com.
Adorable cottage in Fairhope. Home features split brick floors in kitchen, heart pine floors throughout downstairs, antique doors, a chef’s kitchen and oversized yards. This one is a must see!
This month’s edition covers Mobile Eastern Shore real estate market activity and then we’ll tell how a timely inspection report can net buyers an extra $8,000 this summer!Features special guest Terri Murphy of US Learning.
Charming Greek revival designed cottage this home boast cypress board & batten, old Mobile brick and custom cypress doors. There are also working shutters, heart pine floors throughout. The kitchen has stainless steel appliances, a Bosch dishwasher, Thermador gas stove and a Sub-Zero refrigerated. Bill Purvis home built this great. There is deeded bay access with a pier making this home the perfect getaway. Price includes removal of the cottage next door.
Baldwin County AL foreclosures dropped dramatically in May with approximately 140 foreclosures compared to the yearly high in March with 340 foreclosures, according to RealtyTrac.com.
Baldwin County AL Foreclosure Activity and Home Price Index
Baldwin County AL foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.
Baldwin County AL Foreclosure Geographical Comparison
Baldwin County AL foreclosures are 0.09% below national statistics, and 0.06% above state figures.
Baldwin County AL Foreclosure Activity by Month
Baldwin County Al foreclosure activity was higher March – May compared the the previous three month, Dec – Feb. The lower auction acitivity numbers should mean fewer bank owned properties in the coming months.
Are you or someone you know behind on your mortgage payments and facing a foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. Give me a call for a private consultation.
Learn more about Baldwin County real estate by visiting JudySells.com.
Magnificent Bay front property in the heart of Montrose with 3.8 acres and approximately 120 feet front on to the Bay. There are magnificent oaks at this prestigious historic Creole cottage. This home has a great updated kitchen, beautiful hardwood floors and 4 working gas log fireplaces, there are 11 ½’ ceilings in the mail living area. This home is graceful and elegant.
The clock is ticking on the $8,000 tax credit for Mobile Eastern Shore first-time home buyers. The expiration date of December 1, 2009 seems like a long time off now, but it will be here before you know it and the home buying process takes time. Here are some important facts to remember about the tax credit:
Important Facts To Know:
It is a tax credit to home buyers, not a loan as in last year’s program;
It is only for first time home buyers, defined as someone who has not had an ownership interest in a principle residence in the 3 year period prior to the date of the 2009 purchase;
The buyer must remain in the home for a minimum of 3 years;
It is applicable to purchases between January 1, 2009 and December 1, 2009; and
Full credit is available to those with adjusted gross income of $75,000 or less ($150,000 for married filing jointly). The credit is phased out entirely for those with adjusted gross income over $95,000 ($170,000 for married filing jointly).
If you purchased a home after January 1, 2009, or are thinking of buying a Mobile Eastern Shore home this year and want to learn more about the $8,000 tax credit, give me a call or visit JudySells.com.
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