MOBILE MARKET WATCH
Mitchell College of Business
Center for Real Estate Studies
Mobile County Residential Real Estate Markets
Four-Quarter Appreciation Rates by Zone for Residential Property
Fall, 2007
“Data you can use.”
“Education you can use.”
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.
The Mobile Area Multi-List
and
Mitchell College of Business Center for Real Estate Studies.
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.
Market
Watch
Mobile MSA (City+County) Residential Housing Market 2006-current
Four-Quarter Price Appreciation (%) by Zone
Figures represent 4-quarter or annual price appreciation calculated from the same quarter
one year earlier. For example, the Downtown median percent change between 2006
quarter 2 and 2007 quarter 2 equaled 15.7 percent change on the 13 sold properties.
Mobile MSA by Zone
zone
year quarter
Avg. Sale
Price
%
Median Sale
Price
%
Avg Days
on Market
days
Number
Sold
number
Mobile Metro Area
3
2
2007 1
Annual 2006
-3.08
3.70
4.10
9.20
-1.99
11.90
4.10
11.42
64
65
66
55
1,351
2,623
1,149
5,483
01-Downtown
3
2
2007 1
Annual 2006
-13.97
-0.66
65.71
21.07
9.76
15.70
12.72
43.52
92
70
112
97
11
13
4
39
03-MidTown Northeast
3
2
2007 1
Annual 2006
-4.39
1.25
-7.68
25.41
1.88
-0.20
-4.26
21.55
80
48
81
62
81
97
58
317
04-MidTown South
3
2
2007 1
Annual 2006
-11.13
15.92
12.16
16.21
-0.14
8.22
25.00
14.48
64
55
64
79
69
63
63
265
07-Mid Town Northwest
3
2
2007 1
Annual 2006
19.62
16.48
-4.37
-4.33
2.74
22.81
-6.44
1.62
53
54
36
60
27
32
27
151
09- MidCentral
3
2
2007 1
Annual 2006
-31.17
-18.22
34.28
29.35
-59.35
-19.36
46.39
29.41
62
59
40
76
20
16
17
51
10-Eight Mile/Pritchard
3
2
2007 1
Annual 2006
46.65
-19.99
-9.65
46.01
50.05
-19.58
1.53
54.76
44
51
88
80
28
24
24
91
11-Chickasaw
3
2
2007 1
Annual 2006
-7.17
-15.30
21.43
17.02
-1.81
7.39
19.17
12.28
61
44
84
81
25
34
25
120
Mobile MSA by Zone
zone
year quarter
Avg. Sale
Price
%
Median Sale
Price
%
Avg Days
on Market
days
Number
Sold
number
14-MunPark/West Ctrl
3
2
2007 1
Annual 2006
-9.09
-5.81
5.34
23.18
-6.60
4.88
14.72
18.11
59
62
51
47
83
78
79
357
15-Springhill
3
2
2007 1
Annual 2006
-17.25
14.90
18.81
15.37
-5.18
31.60
-0.67
5.36
78
75
72
68
72
72
59
301
16- Cottage Hill North
3
2
2007 1
Annual 2006
-0.33
2.49
16.20
12.77
-11.51
13.60
-8.85
14.32
57
72
80
61
94
119
86
389
17-Cottage Hill South
3
2
2007 1
Annual 2006
4.56
-2.65
27.08
16.01
9.69
4.23
15.40
18.40
56
55
69
42
65
85
81
340
21-Dauphin Isnd Pkwy
3
2
2007 1
Annual 2006
13.09
26.61
16.38
-1.87
-3.60
12.72
9.21
15.31
70
85
92
86
49
57
43
150
22-So Mobile County
3
2
2007 1
Annual 2006
8.74
2.68
-8.50
-8.58
10.24
-0.38
2.28
6.63
61
61
72
68
88
80
71
350
23-Tillns Cor/Grnd Bay
3
2
2007 1
Annual 2006
-8.44
30.27
2.07
19.09
-4.23
29.66
7.96
21.77
52
49
78
55
92
114
77
345
24- West Mobile/Aprt
3
2
2007 1
Annual 2006
0.25
8.80
5.35
16.29
5.57
6.25
9.99
12.74
62
62
58
44
318
333
207
1,222
25-Semmes
3
2
2007 1
Annual 2006
6.11
12.00
26.33
28.32
4.59
6.15
25.39
24.09
63
64
77
58
74
85
63
300
26-Semmes/Wilmer
Lott Rd
3
2
2007 1
Annual 2006
0.90
-0.20
-30.96
11.91
10.39
0.43
-20.11
7.77
84
78
72
77
68
69
39
185
Mobile MSA by Zone
zone
year quarter
Notes:
Avg. Sale
Price
%
Median Sale
Price
%
Avg Days
on Market
days
Number
Sold
number
27-Saraland
3
2
2007 1
Annual 2006
9.49
5.79
-4.12
13.88
2.96
-4.55
14.26
7.56
71
52
55
69
35
36
46
201
28-Saraland/Satsuma
Axis/Creola
3
2
2007 1
Annual 2006
32.34
26.54
-2.12
22.77
22.55
5.19
1.79
22.79
66
80
56
57
24
41
44
133
29-Citronelle/Mt Vernon
3
2
2007 1
Annual 2006
-21.18
-25.05
45.69
39.84
-15.46
-21.78
50.23
38.54
84
91
147
107
24
28
20
78
30-Dauphin Island
3
2
2007 1
Annual 2006
-35.98
-3.96
-35.80
7.44
-20.34
-5.59
-32.40
-2.13
67
210
171
145
4
16
12
56
All data supplied by the Mobile Multi-List, 251.479.8665. Tables were constructed by the
Mitchell College of Business, Center for Real Estate Studies, Donald Epley, Director,
251.460.6735, depley@usouthal.edu