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Mobile, AL Real Estate News

By inboundREM Market Updates
(InboundREM)
Mobile, Alabama, offers a rich blend of southern charm, historic beauty, and modern amenities, making it one of the most desirable cities for homebuyers in the Gulf Coast region. Known for its friendly community, excellent schools, and proximity to the water, Mobile’s luxury neighborhoods provide an ideal setting for those looking for an upscale lifestyle.If you’re considering making Mobile your home, you’ll want to explore some of its most prestigious neighborhoods. In this blog post, we’ll take a closer look at the best luxury neighborhoods in Mobile, AL, and highlight the unique features that make them so appealing to discerning homebuyers.1. Spring HillSpring Hill is one of Mobile’s most renowned neighborhoods, known for its stunning tree-lined streets and historical homes. Located ...
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By inboundREM Market Updates
(InboundREM)
If you're searching for a home in Mobile, AL, Midtown is a fantastic neighborhood to consider. Known for its vibrant atmosphere, historic charm, and convenient location, Midtown offers a perfect mix of character and modern amenities. Whether you’re a first-time homebuyer or someone looking to sell in the area, understanding the Midtown Mobile real estate market will help you make the best decision. In this guide, we’ll dive into why Midtown is such a desirable area to live, what to expect from the local real estate market, and key features of the neighborhood that make it a great choice for potential homeowners. Why Midtown, Mobile, AL is the Place to Be Midtown Mobile offers a unique combination of southern charm and urban convenience. This dynamic neighborhood is just a short drive f...
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The Bloomberg report below is an interesting piece of information that has been flying under the radar on most MSM news outlets. Eventually, all of the securitizers of mortgage bonds will require some type of "liability verbiage" for the originating company. Freddie Mac is fighting this legislation from the state of New York, but look for more states to follow suit... Freddie to Stop Buying Subprime Loans in N.Y. State (Update2) By Dawn Kopecki  (Bloomberg) -- Freddie Mac, the second-largest U.S. mortgage finance company, will stop buying subprime loans issued in New York state as a new law takes effect that holds investors accountable for mortgage fraud. Freddie won't buy loans dated on or after Sept. 1 that meet the state's subprime definition, the McLean, Virginia-based company said ...
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By Judy Niemeyer
(Ashurst & Niemeyer)
You've probably seen lots of financial arguments about why you should invest in Mobile real estate and own your own home rather than rent. This includes budgeting (no rent increases) and the tax savings you'll most likely have. Now we're going to give you some reasons you probably haven't heard. 1. Freedom to pursue other goals in life once the major goal of home ownership is achieved.Strange as it sounds, many of our first-time buyers have told us that once they bought the house, other things in their life started to fall into place. It's as if not owning took so much of their mental energy that other goals were not worked on until that big goal was reached. So buy a home and get on with your life! 2. A greater sense of belonging to the community.Once you own a home, you feel more atta...
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I received these 9 things from my coaching company in January and they have helped me keep my sanity and energy in this crazy real estate market... 1) Review, reconnect and recommit to your life plan 2) Read your vision statement. Your Vision statement is the big picture about why you do what you do. Although the day-to-day stuff may have changed, your Vision remains constant 3) Protect key relationships(wife/husband, children, family, friends)--Give your best to your best 4) Rest--Burning the candles at both ends may seem like the thing to do in this market, but rest gives us the best possibility of victory 5) Exercise--Much like rest, staying true to this account is a great way to have a daily release and allow you to get the much-needed rest 6) Educate--This is the time where people ...
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By Judy Niemeyer
(Ashurst & Niemeyer)
Most of you are asking, "What's happening in the Mobile real estate market?" Listings are selling, but at a slower pace. Prices seem to be adjusting, but not as low as the media presents to the public. Yes, we do have foreclosures and short sales, but a very small number. Today is a great day for a qualified buyer to purchase MObile real estate. The biggest problem with today is having qualified buyers. What do we project for the future? I think this market will continue as it is until the beginning of 2009. The election will play heavily on people's minds. Until the President is elected regardless of the outcome, sales will continue to lag at a slower pace. People always need houses and houses always sell. As one of you stated, now I know how it feels to be a bridesmaid and never the b...
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With Mobile Eastern Shore AL real estate sales slowing a bit for the summer, many sellers are left wondering if they may be better off renting their home out for the time being until market activity picks back up.  If you have already purchased another home, this option is especially attractive as it allows you to cut down on the expense of paying two mortgages while you wait for your home to sell. Below are some items to think about, courtesy of BankRate.com, before deciding to become a landlord: Mortgage payments must be made regardless of if the property is inhabited. Costly repairs and maintenance work cannot be delayed if they inconvenience the tenant. Disputes with tenants could require legal representation and legal fees. There are many costs involved in renting a home - it is re...
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By Steve Shaw, e-PRO, Gulf Region Properties Team
(Keller Williams Realty)
Gulf Region Properties Team | Keller Williams Realty | (251) 215-9382 6020 Bayou Road, Mobile, AL Waterfront Living at its Best! 3 Bdrm Single Family House offered at $275,000 Year Built 1978 Sq Footage 2,518 Bedrooms 3 Bathrooms 2 full, 1 partial Floors 2 Parking 2 Car garage Lot Size 43,560 sqft HOA/Maint $0 per month DESCRIPTION Imagine the possibilities. Home on beautiful lot on deep water of Alligator Bayou just minutes from Dog River and around the corner from the Mariner Restaurant. Home needs finishing touches to make it your own. Large deck with hot tub overlooks gorgeous rear yard and water. This property has its own covered boat house and boat launch. There is also a huge wooden dock perfect for entertaining at water's edge. The home also has a detached 2 car garage for your...
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By Karl Burger, Pensacola Real Estate News
(ERA Beach Ball Realty)
If you haven't been keeping up with the news in Mobile Alabama, Pensacola's next door neighbor is about to have a major economic boom. Here in Pensacola, nothing seems to be happening economically, and even less in the real estate market. So this article is not about Pensacola, but should be of interest to those in Pensacola. Shift focus west to Mobile. What do we see?German steel mill in Northern Mobile County - $3.7 Billion dollarsContinued growth in ship building industryPossible airplane assembly plantAccording to a forecast by Moody's Economy.com, the Mobile Alabama economy is projected to grow over 34% in the next 5 years.  This would make Mobile's economy the fastest growing economy among all 363 American metropolitan areas. The biggest economic stimulus is a huge new steel mill....
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By Tom Sinclair
(About the House - Home Inspections)
Your mother was right about keeping clean. But, was she thinking about parts of your air conditioner and furnace?If your AC/furnace is dirty on the inside, it can cost you big bucks. You can pay higher monthly utility bills AND need to replace your system sooner than necessary.Here's a normal, clean evaporator coil (below). All of the air in your central HVAC system passes through this coil. This coil provides the cooling for your house in the summer. If you have a heat pump, this coil provides most of the heating for your house in the winter.Compare the coil above with the coil below. Notice the debris (dust, mold, hair, who-knows-what) on the coil below. All of the air in the house passes through this coil. That's the air we breathe! Yuck! How long can you hold your breath?0So, what d...
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By Tom Sinclair
(About the House - Home Inspections)
This new program may help generate sales for buyers and savy listing agents FREEAgentRegistration!Sell Faster. Buy Smarter.Certified Pre-Owned Listing. http://news.inspectorsmart.com/c.asp?gDGnPpWq1Zmim0sE4Mw0WAH+eKEOikNNTiNG0HrqB8HA This is a Buyer's Market .... Let CPOL give your Sellers the Power of Calling the Shots! Registration is free to all real estate agents! Why wait? Get registered today and have all your listings rated on our Certified Pre-Owned Listing program! Certified Pre-Owned Listings. The faster way to sell your listings. When 20 or more homes are for sale in one neighborhood, how else will you ensure that your listing sells first?Give your sellers the advantage, your buyers peace of mind and yourself satisfaction. Search the database for CPOL inspectors in your area,...
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By Steve Shaw, e-PRO, Gulf Region Properties Team
(Keller Williams Realty)
 September showed a drop of 22% in number of units sold in Mobile County.  This trend was also apparent at the time last year.  The median sales price of a home in Mobile County has taken a drastic turn down in past two months.  We show a drop of $18,000.  We still show an increase of $3000 when compared to December of 2005.  We had a drop in median sales price last September and then it went up again in October.  We will have to see what happens this October.Our inventory levels in Mobile County have doubled since December of 2005.  The inventory levels at that time were depleted as a result of the migration of people moving here after Hurricane Katrina and the demand on the local real estate market that the storm created.The Days on Market of 59 days is a great number when compared to...
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By Tom Sinclair
(About the House - Home Inspections)
I found this great artcile about the relationship between window and air conditioning that I wanted to share. Here is an excerpt:HVACWindows Pave Way For HVAC Innovation High-performance glazings plus radiant heating and cooling can be a cost-effective combination By Geoff McDonellA high-performance glass unit offers superior thermal resistance (R or U value) and infinite variations in low-e coatings, tints and ultraviolet light control, along with solar energy control. High-performance glazing can reduce energy use, benefit lighting design and improve comfort. What's more, high-performance glazing can help reduce the size of the HVAC system.So why aren't high-performance glazings more widely used? The main barrier is the long payback for the premium cost of the glazing. And that issue ...
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By Steve Shaw, e-PRO, Gulf Region Properties Team
(Keller Williams Realty)
Well I guess it is a good news when a major media site ranks you in the top 10 of anything. Last week CNN Money released its top 10 markets where a bounce back can be expected. I am not sure what the Mobile area is bouncing back from because it has been a really good market for home price appreciation since the fall of 2005. CNN Money has ranked Mobile in its top ten cities in the country.  According to their web site, the housing market may be melting down in other parts of the country, but Business 2.0 worked with Moody's Economy.com to identify 10 cities that have just about hit rock bottom - and offer opportunities for savvy investors to get in while the getting's good. The folks at CNN Money looked at expected home price appreciation rate in the first quarter of 2008 and the net ga...
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By Tom Sinclair
(About the House - Home Inspections)
Imagine 30-40 gallons of water over your head at this very minute; enough to fill a normal size water heater. One more drop and it'll be too heavy. One more drop and it will burst through the ceiling onto your desk, computer or sensitive electronic equipment.The picture below is that nightmare. This is the bottom side of the metal roof of a metal building. The roof has been leaking since it was new. Not a lot. Maybe a few cups of water every time it rained. The water became trapped on top of the vinyl coating of the roof insulation. And the water stayed there. And more water came. And it stayed there.Fortunately we found the problem before it became a catastrophe for the business owner. What's in your attic?Tom SinclairAbout the House - Home InspectionsFairhope, Alabama (251) 990-3169ww...
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By Larinda Gann
(RE/MAX Partners Mobile)
The selection of existing homes in any one of Mobile’s downtown and midtown neighborhoods, including seven historic residential districts, ranges from mansions to Victorian cottages. Further away from the central business district, suburban neighborhoods offer the options of waterfront property, rolling hills and quiet cul de sacs. During 2005, 2,050 new homes were built and a number of new subdivisions, with a variety of house plans, are currently under development. Visit www.mobile-alabama-realestate.com and search Mobile AL Homes, Mobile Towhomes, Mobile Condos for sale
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By Larinda Gann
(RE/MAX Partners Mobile)
Mobile Real Estate offers a wide range of housing styles from waterfront properties, victorian mansions to exceptionally affordable single family homes, townhouses and condos for home buyers and real estate investors. Cost of buying a home in Mobile is well below national average at around $150,000 (in 2005) with robust home appreciation rates. With a steady supply of new construction, new subdivisions and variety of housing plans, rest assured that Mobile Alabama Real Estate market offers something for everyone. Are you planning to buy or sell real estate in Mobile, AL? Visit www.mobile-alabama-realestate.com and search homes for sale in Mobile, Mobile Towhouses, Mobile Condominiums, for sale Mobile, Alabama was founded in 1702 by Pierre Le Moyne d’Iberville, as the first capital of F...
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By Steve Shaw, e-PRO, Gulf Region Properties Team
(Keller Williams Realty)
We create a monthly MLS Statistics review of the 3 MLS associations that we belong:  Gulf Coast MLS, Baldwin County Association of Realtors, and the Pensacola Association of Realtors.  This analysis compares activity from one month to the previous month. Here is the Report that was generated in Mid August to report July Activity:MLS July Statistics  Baldwin CountySingle Family Homes Sold: 235 (1% Increase from June)Average Sales Price: $274,993 (2% Increase from June)Median Sales Price: $195,000  (3% Decrease from June)Average Days on Market: 164Homes on the Market: 3,340New Listings in July: 368 Baldwin CountyCondominium Units Sold: 84 (18% Increase from June)Average Sales Price: $373,100 (6% Decrease from June)Median Sales Price: $337,500 (1% Decrease from June)Average Days on Market:...
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By James Pendleton
(Exit Realty Lyon)
OK guys once again activerain has proven itself to me personally as the top premiere real estate community online. When I first visited the web site there was something about its look and feel that told me it was a great site. naturally the fact of it being free was the main hook. I am on several other real estate communities that I will not name in this post. They bagger me with email to upgrade to a professional level and send unneeded emails about this or that. Not to mention they are marketing more to me than generating viable leads. Here at activerain there is none of that. Just pure interaction with my peers and the high exposure in the search engine from the site popularity in page rank and backward links from all of us. Bottom line hands down it is the best. I am sure they are ...
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A forward-looking indicator based on pending home sales shows the market is likely to stabilize in the months ahead, according to the Gulf Coast MLS statistics.The Pending Home Sales Index*, based on contracts signed in June, was higher from the downwardly revised May index  but is below June 2006.The monthly gain is a increase over three years, since 2004.The increase occurred in all areas in Mobile County due to upcoming development and anticipated growth from new businessHowever, it is too early to say if home sales have already passed bottom.  Still, major declines in home sales are likely to have occurred already and further declines, if any, are likely to be modest given the accumulating pent-up demand.An index is a leading indicator for the housing sector, based on pending sales ...
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By James Pendleton
(Exit Realty Lyon)
The market is holding steady on the Gulf Coast. Expectations are high as more industry is on the way. These statistics begin 01/01/2007 thru 07/13/2007. If you are familiar with Mobile and the Gulf Coast you will know where these areas are. If you are not and out side the area feel free to contact me for more information on each area.Area# of SalesTotal SalesAvg SalesDowntown17$3,232,000$190,118MidTown North East164$26,187,037$159,677Mid Town South134$12,258,335$91,480MidTown North West60$6,102,106$101,702MidCentral35$2,137,500$61,071Eight Mile/Prichard51$3,493,310$68,496Chickasaw61$4,348,599$71,289Municipal Park/West Central165$18,079,687$109,574Springhill/USA141$38,119,465$270,351Cottage Hill N216$37,727,516$174,664Cottage Hill S176$34,489,000$195,960Dauphin Island Pkwy101$11,737,999$...
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