Mobile Residential Foreclosures Report
Center for Real Estate Studies
July 2012
Additional data and information may be found at http://cres.southalabama.edu.
This report provides a brief overview of the Mobile single-family residential foreclosure market.
Included are all recorded deeds entitled Foreclosure Deed, Deed in Lieu of Foreclosure, and Auctioneer’s Deed. This
report does not include residential lots or commercial property. Data is reported in the month of sale.
By the Numbers – July 2012
98
94
1
3
$106,699
-2.8%
$94,850
-5.3%
$64
-1.5%
19 yrs
Number of Total Recorded Deeds
Number of Foreclosure Deeds
Number of Deeds in Lieu of Foreclosures
Number of Auctioneer’s Deeds
Average Sale Price of Total Recorded Deeds
Percent Change in Average Sale Price from June
Median Sale Price of Total Recorded Deeds
Percent Change in Median Sale Price from June
Average $ per Square Foot
Percent Change in Average $ per Sq Ft from June
Average Property Age of Total Recorded Deeds
There were 98 foreclosure sales in Mobile County in July, 2012 compared to 93 in July, 2011, and 126 in June, 2012. As a
result, the total number of foreclosures increased by 5.4 percent since July, 2011, and decreased by 22.2 percent since June,
2012. For the month of July, approximately 60.2 percent of foreclosures occurred outside Mobile city limits, with the highest
number of foreclosures occurring in Mobile zip code 36695. Within Mobile city limits, Western Bay Shores (36605) had the
highest number of foreclosures, accounting for 25.6 percent of all foreclosures within city limits.
Below is a graph and table outlining the total number of foreclosures by month from January, 2010, through July, 2012.
Total Mobile Foreclosures
200
150
100
50
July
May
Mar
2012 Jan
Nov
Sep
Jul
May
Mar
2011 Jan
Nov
Sep
Jul
May
Mar
2010 Jan
0
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2010
158
128
190
163
172
127
131
126
152
110
110
93
2011
135
123
163
113
79
178
93
130
136
132
102
106
2012
129
91
106
66
111
126
98
-
-
-
-
-
The average sales price of foreclosures in Mobile County was $106,699 in July, 2012. Compared to July, 2011, the average
sales price increased by 13.9 percent and compared to June, 2012, the average sales price decreased by 2.8 percent. Wilmer
(36587) had an average sales price of $156,233, which was the highest average sales price outside Mobile city limits. Mobile
zipcode 36618 had the highest average sales price at $156,500.
Below is a graph and table of average sales price of foreclosures per month beginning in January, 2010, through July, 2012.
Average Sales Price of Mobile
Foreclosures
$120,000
$110,000
$100,000
$90,000
July
May
Mar
2012 Jan
Nov
Sep
Jul
May
Mar
2011 Jan
Nov
Sep
Jul
May
Mar
2010 Jan
$80,000
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2010
111,797
104,345
111,837
101,801
100,869
104,002
106,137
110,134
109,534
114,771
92,000
105,249
2011
106,899
94,190
103,743
91,977
106,940
112,869
93,653
106,304
102,258
97,363
99,366
112,296
2012
102,503
93,587
100,598
94,382
104,096
109,726
106,699
-
-
-
-
-
Mobile Housing Units
According to the U.S. 2010 Census, the number of occupied housing units in Mobile County was 109,139, representing 59.2
percent of all housing units. The percent of foreclosures relative to owner-occupied units was 0.0898 percent in July, 2012.
This is a 6.50 percent increase from July, 2011, and a 25.2 percent decrease from July, 2010. Thus, as the number of owneroccupied units has been increasing, the percentage of foreclosures relative to these units has been decreasing.
Below is a table showing the percentages of foreclosures relative to owner-occupied housing units in Mobile County for each
month beginning in January, 2010 through July, 2012.
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2010
.1448
.1173
.1741
.1494
.1576
.1164
.1200
.1154
.1393
.1008
.1008
.0852
2011
.1237
.1127
.1494
.1035
.0724
.1631
.0843
.1191
.1246
.1209
.0935
.0971
2012
.1182
.0834
.0971
.0605
.1017
.1154
.0898
-
-
-
-
-
For additional information, contact: Dr. Don Epley, Director, Center for Real Estate Studies, University of South Alabama,
Office: 251.460.6735, E-mail: depley@southalabama.edu.
Data was gathered by Michelle Pinochet, Senior Research Analyst.
University of South Alabama takes reasonable measures to ensure the quality of the data and other information produced. However, USA
makes no warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or completeness of any
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