MOBILE MARKET WATCH Mitchell College of Business Center for Real Estate Studies Mobile Residential Reports Price Range of Sold Properties Summer 2008 This report covers summary data from the Mobile Area Multi‐List. The numbers covers 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 Price Range of Sold Properties Mobile MSA (City + County) Mobile Market Watch Price Range of Sold Properties Summer 2008 2006 Qtr 2 2006 Qtr 3 2006 Qtr 4 2006 Annual 2007 Qtr 1 2007 Qtr 2 2007 Qtr 3 2007 Qtr. 4 2007 Annual 2008 Qtr 1 2008 Qrt 2 2008 Qrt 3 $0-19999 $20000-39999 $40000-59999 $60000-79999 $80000-99999 $100000-119999 $120000-139999 na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na na 56 201 259 346 528 524 773 24 59 64 70 88 102 130 19 61 66 67 120 130 180 26 50 59 73 104 99 148 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 11 643 147 105 73 54 57 36 35 13 559 134 85 71 43 37 40 29 15 $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 30 17 9 10 8 7 5 1 0 1 0 1 0 1 35 13 15 5 3 4 0 2 2 0 0 1 2 1 Price Range Mobile Residential Page - 2 Price Range of Sold Properties 2006 Qtr 2 2006 Qtr 3 2006 Qtr 4 2006 Annual 2007 Qtr 1 2007 Qtr 2 2007 Qtr 3 2007 Qtr. 4 2007 Annual 2008 Qtr 1 2008 Qrt 2 2008 Qrt 3 0 0 0 0 0 1 0 1 1 0 0 1 1 0 0 0 0 0 3 2 1 0 0 3 2 1 2 0 0 0 1 0 0 0 0 0 0 2 0 0 0 0 0 0 0 1 0 0 3 3 2 1 0 0 1 0 0 0 0 0 2 1 0 0 0 1 1 0 0 0 0 0 Highest Price $2.4m $2.4m $1.1m $2.5m $1.5m $1.18m $1.3m $1.6m $1.6m $1.1m $2.625m $1.15m Lowest Price $5,000 $5,000 $11,900 $5,000 $6,900 $4,000 $0 $0 $5,000 $5,000 $7,900 $154,413 $160,946 $144,263 $162,682 $156,844 54 58 93 92 87 Price Range $1m-1199999 $1.2m-1399999 $1.4m-1599999 $1.6m-1799999 $1.8m-1999999 $2.0m and over Avg Sales Price Avg Days on Mkt Note: Mobile Residential $6,000 $158,245 $155,703 $155,065 $163,981 $156,090 $158,806 $158,761 64 61 70 67 68 75 70 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 Page - 3 Price Range of Sold Properties