MOBILE MARKET WATCH Mitchell College of Business Center for Real Estate Studies Mobile Residential Real Estate Markets Price Range of Sold Properties Spring, 2008 “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 Sold Properties Range of Prices 2006 2006 2006 2006 2007 2007 2007 2007 2007 2008 Price Range $0-19999 $20000-39999 $40000-59999 $60000-79999 $80000-99999 $100000-119000 $120000-139000 Qtr 2 number na na na na na na na Qtr 3 number na na na na na na na Qtr 4 number na na na na na na na Annual number na na na na na na na Qtr 1 number na na na na na na na Qtr 2 number na na na na na na na Qtr 3 number na na na na na na na Qtr. 4 number na na na na na na na Annual number 56 201 259 346 528 524 773 Qtr 1 number 24 59 64 70 88 102 130 under $140,000 $140000-159999 $160000-179999 $180000-199999 $200000-219999 $220000-239999 $240000-259999 $260000-279999 $280000-299999 885 189 130 88 52 45 28 25 26 717 168 134 78 56 52 22 28 36 609 138 97 75 59 32 30 31 21 3,032 631 457 298 198 163 115 108 106 655 115 93 54 45 44 27 25 16 740 190 140 86 68 54 33 42 35 714 149 124 74 61 57 31 26 22 571 134 88 63 47 38 31 24 13 2,687 589 445 277 223 194 122 117 86 537 115 71 41 33 29 28 16 11 $300000-349999 $350000-399999 $400000-449999 $450000-499999 $500000-549999 $550000-599999 $600000-649999 $650000-699999 $700000-749999 $750000-799999 $800000-849999 $850000-899999 $900000-949999 $950000-999999 35 29 19 13 6 6 4 1 0 1 0 0 0 0 30 19 15 9 7 4 3 3 2 1 0 2 0 0 24 20 15 11 2 4 1 2 0 0 1 0 1 0 116 81 65 40 18 18 10 11 2 3 3 2 2 0 21 14 7 7 3 3 1 4 1 1 3 0 0 0 29 22 19 6 3 7 3 3 1 4 0 5 2 0 34 21 10 7 5 3 4 1 3 1 0 0 0 1 37 17 9 9 5 1 5 2 1 0 1 2 1 0 123 74 45 29 16 14 13 10 6 6 4 7 3 1 21 12 8 7 4 2 1 2 0 0 0 0 0 0 $1m-1199999 $1.2m-1399999 0 0 0 1 1 0 3 2 2 1 1 0 0 2 0 0 3 3 1 0 $1.4m-1599999 $1.6m-1799999 $1.8m-1999999 $2.0m and over 0 0 0 1 1 0 0 1 0 0 0 0 1 0 0 3 2 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 2 1 0 0 0 0 0 0 highest price lowest price avg sales price avg days on mrkt $2.4m $5,000 $154,413 54 $2.4m $5,000 $160,946 58 $1.1m $11,900 $158,245 64 $2.5m $5,000 $155,703 61 $1.5m $6,900 $155,065 70 $1.18m $4,000 $163,981 67 $1.3m $6,000 $156,090 68 Note: For further information, contact Don Epley, Director, depley@usouthal.edu, 251.460.6735, or Mobile Area Multi List, 251.479.8654. $1.6m $0 $158,806 75 $1.6m $0 $158,761 70 $1.1m $5,000 $144,263 93