MOBILE MARKET WATCH
Mitchell College of Business
Center for Real Estate Studies
Mobile Residential Real Estate Markets
Overall Price Trends of Sold Properties
Spring, 2008
Notice to All Users of the Mobile Zone Residential Trend Data
On January 1, 2008, the geographic definitions for a number of zones were changed by
the Multi-List Service. A decision was made to report data for the new zones beginning
with this date. No attempt was made to make the new zones compatible with the old
definitions. Readers interested in the old zones and information can find those reports in
the Archives section. Please contact us with further questions at depley@usouthal.edu.
“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 2000-current
Quarterly and Annual Price Trends
Avg Sale
Price
$
144,326
Median Sale
Price
$
129,000
Avg Sales
Price s.f.
$
81
Conv Sales
Price s.f.
$
91
FHA Sales
Price s.f.
$
82
Cash Sales
Price s.f.
$
59
Annual 2007
4
3
2
2007 1
158,522
158,914
155,979
164,072
155,123
135,603
136,705
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
Annual 2003
4
3
2
2003 1
116,931
114,619
118,540
117,916
116,171
98,000
96,000
100,175
99,000
95,000
63
63
63
64
61
66
64
68
67
65
62
63
61
62
61
52
52
50
56
50
Annual 2002
4
3
2
2002 1
114,961
116,733
117,411
117,299
107,393
95,000
96,300
99,300
94,388
90,000
62
62
63
63
60
66
66
67
67
64
59
60
59
59
57
54
50
61
55
51
Annual 2001
4
3
2
2001 1
111,632
107,427
111,792
116,956
109,359
91,000
92,500
90,900
92,300
89,600
61
60
62
62
60
65
64
65
66
64
57
59
57
55
56
56
47
58
62
55
Annual 2000
4
3
2
2000 1
109,511
106,722
113,136
111,350
102,986
89,500
85,000
91,300
90,000
86,550
59
58
60
61
56
63
62
64
64
60
53
54
54
53
52
59
55
60
63
55
year quarter
2008 1
Notes: All data supplied by the Mobile Area Multi-List;
Sales price may include closing costs;
Analysis done by the USA Mitchell College of Business, Center for Real Estate Studies;
For further information, please contact Professor Donald Epley, Real Estate Center,
depley@usouthal.edu, 251.460.6735, or MLS Office, 251.479.8654.