Mobile Area Association of Realtors
2827 Airport, Mobile, AL 36606
Telephone: 251.479.8654
Website: www.mobilerealtor.com
Mobile Residential Reports
Four - Quarter Price Appreciation
% by Zone (2006 - Current)
Winter 2009
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.
"Data you can use."
"Education you can use."
This report is available at the Center for Real Estate Studies (CRES) website:
http://cres.southalabama.edu/
University of South Alabama
Mitchell College of Business
Center for Real Estate Studies
USA takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no
responsibility for the accuracy, correctness, or completeness of any information, nor represents that warranty, express or implied,
nor assumes any legal liability or 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 Report
Page - 1
Price Appreciation % by Zone
Zone
Year /
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
-6.5
-2.1
-8.7
-8.7
-2.8
-3.7
-10.5
-0.02
-0.76
-4.95
2.0
3.3
-3.08
3.70
4.10
9.20
-5.1
2.0
-7.5
-6.6
-2.3
-1.4
-10.4
1.7
-1.1
-0.8
2.7
-0.6
-1.99
11.90
4.10
11.42
84
82
82
85
89
85
78
83
88
89
66
70
64
65
66
55
3472
863
996
900
698
4118
778
1083
1256
955
5096
1101
1,351
1,966
1,149
5,483
-30.03
0.04
-37.97
-37.37
-52.46
-3.55
-10.65
15.09
-12.72
-30.01
-11.12
3.94
-13.97
-0.66
65.71
21.07
-36.33
64.32
-38.45
-72.67
-69.39
0.56
-61.96
28.53
-28.63
-73.80
-14.63
11.77
9.76
15.70
12.72
43.52
113
180
55
29
252
85
37
107
76
131
77
79
92
70
112
97
27
5
11
5
5
40
9
7
15
9
52
20
11
13
4
39
7.02
5.17
41.58
-7.28
93
85
120
96
32
68
46
57
91
63
37
11
12
10
2
51
13
10
20
7
Mobile Metro Area
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
01- Downtown
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
02- MidTown South
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Mobile Residential Report
0.67
-4.34
5.15
7.46
-26.91
4.75
1.61
8.00
13.36
-21.88
5.48
-13.17
-0.27
21.38
-9.27
Page - 2
Price Appreciation % by Zone
Zone
Year /
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
-9.86
-13.81
-0.14
8.22
25.00
14.48
54
60
64
55
64
79
62
19
14
13
16
265
-8.81
8.08
-11.22
-16.88
13.57
9.67
-13.04
11.18
11.33
13.34
0.67
2.40
7.04
2.49
6.07
18.96
77
66
85
85
68
77
72
86
82
69
67
70
80
55
64
53
157
37
45
36
40
199
34
54
64
43
294
59
75
96
62
307
-13.93
7.09
-41.66
5.32
8.40
-31.55
-18.32
-14.58
-36.49
-36.05
7.50
1.04
-7.69
9.62
7.71
13.21
75
71
52
100
81
81
85
79
88
84
56
62
62
50
51
77
115
23
33
24
35
187
41
54
45
39
203
44
57
52
50
217
-12.54
-28.22
78
104
91
24
02- MidTown South continued
Annual 2007
4
3
2
2007 1
Annual 2006
-3.67
-7.25
-11.13
15.92
12.16
16.21
03- Midtown East
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-9.41
-9.96
-18.92
-11.33
10.59
8.23
6.12
9.08
7.45
6.75
0.68
2.42
2.14
6.31
-10.86
21.46
04- Dauphin Island Parkway - North
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-7.84
10.62
-32.63
-8.27
14.11
-18.88
-16.78
-10.17
-19.25
-29.63
0.80
-9.76
-3.28
8.12
7.00
15.95
07- MidTown West
Annual 2009
4
Mobile Residential Report
-9.70
-14.67
Page - 3
Price Appreciation % by Zone
Zone
Year /
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
-7.30
-7.06
-15.54
8.71
42.27
-10.93
-10.93
9.38
9.57
-1.56
-31.17
-18.22
34.28
29.35
-0.06
-14.15
-13.98
3.15
23.33
-12.39
-12.39
7.78
5.88
0.00
-59.35
-19.36
46.39
29.41
50
53
97
67
71
64
71
65
47
48
62
59
40
76
20
22
25
124
29
37
30
27
127
35
20
16
17
51
14.72
-0.96
29.93
0.80
28.68
-16.49
-24.00
-4.83
-10.34
-13.43
-15.99
-16.98
-31.17
-18.22
34.28
29.35
25.00
5.28
62.86
0.00
-0.69
-25.77
-38.87
-5.56
-22.22
-1.43
-13.39
83.70
-59.35
-19.36
46.39
29.41
78
57
69
88
92
72
34
96
83
72
58
57
62
59
40
76
63
13
14
22
14
85
17
17
24
26
50
26
20
16
17
51
-37.00
100.00
-61.89
-48.78
-52.31
-9.72
-10.22
9.33
-8.10
-16.87
-1.02
73
95
76
73
60
86
62
90
102
48
56
56
8
16
15
17
51
17
13
10
14
57
07- MidTown West continued
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
09- MidCentral
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
10- Eight Mile/Pritchard
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
Mobile Residential Report
-15.23
73.49
-38.77
-6.32
-36.80
-17.36
-13.24
11.68
-27.84
-1.40
-2.39
Page - 4
Price Appreciation % by Zone
Zone
Year /
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
10- Eight Mile/Pritchard continued
4
3
2
2007 1
Annual 2006
30.67
46.65
-19.99
-9.65
46.01
44.95
50.05
-19.58
1.53
54.76
48
44
51
88
80
14
28
24
24
91
-18.15
-5.14
-23.03
-38.96
-10.00
-2.05
-6.92
1.33
12.88
-15.13
-0.18
8.47
-7.17
-15.30
21.43
17.02
-18.92
7.58
-36.27
-58.44
-13.61
-5.43
-12.96
-4.15
7.24
-15.13
8.83
12.15
-1.81
7.39
19.17
12.28
74
102
72
51
61
70
58
84
52
89
61
60
61
44
84
81
66
17
24
12
13
89
25
13
22
28
114
29
25
34
25
120
-2.58
11.76
-19.42
-3.43
-7.72
-11.82
-19.05
-5.14
-8.03
-17.10
3.73
6.33
-6.60
4.88
14.72
18.11
63
76
58
48
72
77
72
71
76
87
59
72
59
62
51
47
212
50
60
51
50
267
44
62
83
74
298
67
83
78
79
357
-6.71
-33.53
-21.34
94
73
90
183
50
48
11- Chickasaw
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
14- Munipcal Park / West Ctrl
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-3.73
14.52
-10.88
-10.01
-1.17
-10.38
-18.40
-3.73
-8.26
-14.39
-3.30
-7.00
-9.09
-5.81
5.34
23.18
15- Springhill/USA
Annual 2009
4
3
Mobile Residential Report
-7.55
-26.40
14.43
Page - 5
Price Appreciation % by Zone
Zone
Year /
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
-4.63
22.84
-2.91
-1.71
0.94
-13.65
7.28
17.45
29.73
-5.18
31.60
-0.67
5.36
110
105
85
124
67
95
66
73
75
78
75
72
68
48
36
194
31
49
60
50
253
47
72
72
59
301
-2.73
-7.09
-4.15
-4.36
-7.87
-4.67
-10.84
11.55
-3.62
16.44
5.19
18.78
-11.51
13.60
-8.85
14.32
81
82
91
79
72
82
75
89
87
72
68
67
57
72
80
61
256
61
73
64
55
306
57
82
101
64
408
97
94
119
86
389
-4.67
-3.30
-4.33
5.30
-7.19
-6.25
-6.22
-8.26
-8.53
-4.31
8.14
2.59
83
83
90
74
90
82
61
74
86
95
62
73
207
46
58
66
37
242
39
57
81
63
275
48
15- Springhill/USA continued
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-12.59
12.41
-4.29
-11.20
-13.02
10.15
-24.43
10.18
30.22
-17.25
14.90
18.81
15.37
16- Cottage Hill North
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-2.85
3.61
-12.48
-5.26
1.38
-9.60
-23.23
-20.66
-4.00
-11.67
7.75
21.07
-0.33
2.49
16.20
12.77
17- Cottage Hill South
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
Mobile Residential Report
-15.34
-18.60
-17.27
-10.85
-17.52
1.23
2.37
3.31
5.04
-8.43
13.69
20.63
Page - 6
Price Appreciation % by Zone
Zone
Year /
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
17- Cottage Hill South continued
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
-6.44
-2.89
-5.16
-17.04
9.79
2.82
-10.42
3.08
6.88
3.40
-2.02
-3.06
8.74
2.68
-8.50
-8.58
-0.97
7.46
-10.49
-11.30
14.57
-4.32
-18.16
-1.82
5.96
-5.71
3.51
-2.06
10.24
-0.38
2.28
6.63
95
108
92
92
92
81
80
73
92
77
64
80
61
61
72
68
349
82
121
84
59
454
76
117
158
99
587
120
88
80
71
350
139
42
43
26
25
18- West Mobile
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
19- Tillman's Corner
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
2.46
15.91
4.32
-31.53
23.50
7.81
3.98
-1.73
7.31
21.20
4.57
-6.44
8.74
2.68
-8.50
-3.25
31.84
-12.50
-22.14
7.69
2.12
-11.36
-4.25
2.65
30.00
6.31
2.49
10.24
-0.38
2.28
67
47
60
80
87
90
93
91
85
94
53
57
61
61
72
Annual 2006
-8.58
6.63
68
140
29
40
40
29
162
32
88
80
71
350
10.40
9.09
13.64
-2.94
96
89
81
137
71
10
24
22
20- Western Bay Shores
Annual 2009
4
3
2
Mobile Residential Report
-7.49
-25.22
1.18
-7.26
Page - 7
Price Appreciation % by Zone
Zone
Year /
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
20- Western Bay Shores continued
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-22.77
-8.56
-14.34
7.37
-16.41
-25.30
15.97
27.47
-12.33
62.01
15.19
-20.45
Average Days
on Market
Number
Sold
65
117
89
83
146
186
88
63
83
82
130
82
13
86
16
30
26
10
129
19
46
36
23
169
-41.61
-39.95
-26.70
-49.32
-44.44
-14.27
-20.89
-35.62
0.87
-13.25
3.06
3.89
-7.94
6.42
10.67
14.08
83
71
70
81
111
95
82
98
89
109
78
75
68
89
81
76
106
25
24
30
26
106
19
32
29
29
150
30
43
47
35
126
-1.75
-8.41
6.49
-5.00
-2.01
-4.68
-6.77
-10.60
0.79
-3.54
4.96
5.12
12.36
80
78
73
67
107
78
92
74
74
74
55
64
56
187
58
51
40
39
212
49
52
61
48
243
46
74
-56.12
-9.39
-52.02
10.55
5.26
5.80
13.64
81.04
3.59
38.09
15.25
-28.22
21- Dauphin Island Parkway - South
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-26.51
-13.65
-47.38
-4.04
-38.39
-22.82
-48.95
-8.38
4.27
-2.33
7.46
39.33
12.45
-7.97
17.82
-0.26
22- S Mobile County / Theodore
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
Mobile Residential Report
5.98
9.08
15.36
3.32
7.75
-13.87
-19.55
-21.43
-6.13
-10.68
0.26
5.19
15.53
Page - 8
Price Appreciation % by Zone
Zone
Year /
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
2.70
3.72
18.82
52
50
52
64
59
254
4.84
49.04
-27.74
1.85
4.45
-23.07
-34.62
8.46
-24.45
-39.42
1.04
-20.65
-10.49
5.12
22.00
21.91
76
100
67
61
97
79
88
71
89
59
55
60
63
37
73
41
68
16
18
22
14
70
12
19
25
14
134
28
15
52
39
138
-8.31
-8.16
-12.02
-4.65
-9.31
-4.63
-12.88
-8.53
1.78
2.05
8.36
3.60
14.01
7.36
11.14
13.40
-6.37
-10.32
-8.49
-7.79
-1.83
-1.58
-7.07
-3.93
6.70
-0.58
8.89
6.32
16.44
5.95
15.02
7.45
85
59
87
100
103
97
91
81
96
102
64
68
66
65
59
38
290
79
80
81
50
359
48
125
124
80
501
120
130
149
103
528
-6.89
-21.41
-7.60
1.26
18.99
-4.19
-25.39
-9.01
-1.28
21.65
90
92
80
97
94
273
67
77
69
59
22- S Mobile County / Theodore
2
2007 1
Annual 2006
-1.15
-16.50
15.20
23- Grand Bay North
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-3.19
12.04
-20.31
11.53
-11.12
-19.40
-5.41
7.23
-28.19
-31.43
4.54
-24.21
-12.87
18.72
27.26
7.53
24- West Mobile County
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
25- Semmes
Annual 2009
4
3
2
2009 1
Mobile Residential Report
Page - 9
Price Appreciation % by Zone
Zone
Year /
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
12.68
35.06
7.71
9.69
13.96
5.28
11.00
4.59
6.15
25.39
24.09
66
56
61
80
80
68
79
63
64
77
58
290
60
66
73
70
268
52
74
85
63
300
-6.01
5.36
-11.72
-7.88
-4.35
-3.16
-10.26
3.47
-6.96
3.91
-1.49
-14.60
0.90
-0.20
-30.96
11.91
-11.12
-9.05
-11.64
-11.86
-9.70
1.03
-10.00
-4.45
5.92
3.80
2.72
-4.93
10.39
0.43
-20.11
7.77
77
80
96
67
69
89
67
81
83
123
80
92
84
78
72
77
201
49
46
68
37
212
45
53
62
49
245
49
68
69
39
185
-0.29
-4.16
-7.50
13.08
2.09
-6.86
-9.26
-13.40
-7.04
0.50
8.09
5.26
9.49
5.79
1.71
-3.72
4.34
-1.59
3.16
-8.90
-10.37
-9.24
-5.65
-6.79
8.40
10.29
2.96
-4.55
95
98
92
107
90
83
66
99
89
80
61
67
71
52
117
32
38
34
15
120
29
29
33
27
133
33
35
36
25- Semmes continued
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
11.98
21.93
2.16
2.75
7.36
1.74
5.13
6.11
12.00
26.33
28.32
26- Semmes / Wilmer Lott Rd
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
27- Saraland
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
Mobile Residential Report
Page - 10
Price Appreciation % by Zone
Zone
Year /
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
14.26
7.56
55
69
46
201
-9.40
-9.32
-6.73
-16.48
-4.66
0.27
-2.72
-9.27
-0.87
-0.10
3.07
1.94
22.55
5.19
1.79
22.79
86
75
84
93
74
96
73
87
100
108
66
73
66
80
56
57
91
28
27
20
14
126
20
29
42
34
161
34
24
41
44
133
-39.88
37.29
-40.88
-68.18
-44.44
-0.84
18
6.00
38.71
-20.28
-14.07
-54.65
-33.92
-26.52
37.39
24.08
102
136
78
33
124
99
86
59
90
155
75
34
69
71
146
114
23
8
7
3
5
27
7
6
7
7
43
9
15
12
7
51
-19.64
-4.44
-26.84
-33.77
-22.02
5.66
157
141
163
118
292
294
50
12
14
18
6
41
27- Saraland continued
2007 1
Annual 2006
-4.12
13.88
28- Saraland / Satsuma Axis / Creola
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-8.05
-12.82
0.82
-16.31
1.12
-1.51
2.69
-13.38
-7.68
5.81
3.58
-5.30
32.34
26.54
-2.12
22.77
29- NE Mobile City / Mt Vernon
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-17.35
101.33
-30.84
-74.61
-40.21
-8.21
-15.02
-9.18
52.04
-47.29
-16.47
-46.89
-37.32
-27.97
93.94
41.92
30- Dauphin Island
Annual 2009
4
3
2
2009 1
Annual 2008
Mobile Residential Report
-25.45
-35.98
-17.85
-24.11
-39.95
1.91
Page - 11
Price Appreciation % by Zone
Zone
Year /
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
-6.25
18.00
-14.81
1.98
-27.79
-4.95
-20.34
-5.59
-32.40
-2.13
364
431
149
220
177
137
67
210
171
145
6
14
11
10
39
10
4
16
12
56
-3.93
15.48
-18.42
55.41
-49.83
-11.94
-32.80
23.77
-26.22
-14.26
10.78
4.64
-2.86
21.33
-2.86
12.72
81
53
106
116
36
88
139
78
84
77
114
90
100
125
135
68
37
10
12
8
7
40
6
16
10
8
54
11
13
18
12
41
30- Dauphin Island continued
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
46.99
9.66
-13.95
18.16
-19.65
-20.50
-35.98
-3.96
-35.80
7.44
31- NW Mobile City / Citronelle
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-13.13
-34.50
-24.32
31.16
-4.10
5.10
3.63
25.64
0.52
17.93
-4.04
20.30
-2.30
-20.38
-0.82
1.37
* 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 Q2 and 2007 Q2 equaled 15.7% change on the 13 sold properties.
For further information please contact:
Professor Don Epley, Director, Center for Real Estate Studies
E-mail: depley@usouthal.edu
Phone: 251.460.6735
MLS Office: 251.479.8654
Analysis completed by:
Mobile Residential Report
Shirley Harvey
Mitchell College of Business
The Center for Real Estate Studies
University of South Alabama
Page - 12
Price Appreciation % by Zone