MOBILE MARKET WATCH
Mitchell College of Business
Center for Real Estate Studies
Mobile Residential Reports
Overall Price Trends 2000 Current
Overall Price Trends 2000 ‐ Current
Summer 2008
This report covers summary data from the Mobile Area Multi‐List. The numbers cover
all sold properties represented by real estate agents for the time periods shown.
This report is available at: http://cres.southalabama.edu/
USA 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 information, nor represents that
its use would not infringe on privately owned rights. Reference to any specific commercial product,
process, or service does not constitute an endorsement, recommendation, or favoring by USA.
Mobile Residential
Page - 1
Overall Price Trends
Mobile MSA (City + County)
Mobile
Market
Watch
Residential Housing Market
2000 - Current
Quarterly and Annual Overall Price Trends
Summer 2008
Year /
Quarter
Mobile Residential
Avg Sale
Price
Median Avg Sales Conv Sales FHA Sales
Sale Price Price S.F. Price S.F. Price S.F.
Cash Sales
Price S.F.
3
2
2008 1
156,047
162,801
144,326
137,900
138,975
129,000
85
86
81
96
96
91
84
84
82
60
64
59
Annual 2007
4
3
2
2007 1
158,522
158,914
155 979
155,979
164,072
155,123
135,603
136,705
135 247
135,247
140,458
130,000
87
88
85
90
85
92
94
92
92
88
82
82
80
85
82
73
74
65
81
73
Annual 2006
4
3
2
2006 1
155,895
158,340
160,934
154,508
148,972
132,200
137,500
138,000
132,000
124,900
84
86
87
84
80
85
88
87
85
81
79
81
81
79
75
81
78
88
82
74
Annual 2005
4
3
2
2005 1
142,765
146,521
145,377
149,019
125,745
118,650
125,250
119,900
118,000
106,300
77
79
77
80
69
79
80
80
81
72
68
72
68
67
67
73
79
72
79
59
Annual 2004
4
3
2
2004 1
125,913
123,453
129,874
129,198
119,343
102,000
103,900
102,000
104,500
97,988
67
66
69
69
64
71
69
72
72
68
63
63
62
63
62
59
55
65
60
55
Page - 2
Overall Price Trends
Year /
Quarter
Avg Sale
Price
Annual 2003
4
3
2
2003 1
Annual 2002
4
3
2
2002 1
Annual 2001
4
3
2
2001 1
Annual 2000
4
3
2
2000 1
116,931
114,619
118,540
117,916
116,171
114,961
116,733
117,411
117,299
107,393
111,632
107,427
111,792
116,956
109,359
109 511
109,511
106,722
113,136
111,350
102,986
Median Avg Sales Conv Sales FHA Sales
Sale Price Price S.F. Price S.F. Price S.F.
98,000
96,000
100,175
99,000
95,000
95,000
96,300
99,300
94,388
90,000
91,000
92,500
90,900
92,300
89,600
89 500
89,500
85,000
91,300
90,000
86,550
63
63
63
64
61
62
62
63
63
60
61
60
62
62
60
59
58
60
61
56
Analysis completed by: University of South Alabama
Mitchell College of Business
The Center for Real Estate Studies
66
64
68
67
65
66
66
67
67
64
65
64
65
66
64
63
62
64
64
60
62
63
61
62
61
59
60
59
59
57
57
59
57
55
56
53
54
54
53
52
Cash Sales
Price S.F.
52
52
50
56
50
54
50
61
55
51
56
47
58
62
55
59
55
60
63
55
Data Supplied by: Mobile Area Multi‐List
Sales price may include closing costs
For further information please contact:
Professor Donald Epley, Director of the Center for Real Estate Studies
E‐mail: depley@usouthal.edu
Phone: 251.460.6735 or MLS Office: 251.479.8654
Mobile Residential
Page - 3
Overall Price Trends