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)
Spring 2010
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
Quarter
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
-15.1
88
629
-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
1.18
-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
-51.92
-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
92
113
180
55
29
252
85
37
107
76
131
77
79
92
70
112
97
6
27
5
11
5
5
40
9
7
15
9
52
20
11
13
4
39
Mobile Metro Area
-13.9
2010 1
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
2010 1
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
2010 1
113.44
100.00
179
5
Annual 2009
4
3
2
2009 1
0.67
-4.34
5.15
7.46
-26.91
7.02
5.17
41.58
-7.28
93
85
120
96
32
37
11
12
10
2
Mobile Residential Report
Page - 2
Price Appreciation % by Zone
Zone / Year
Quarter
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
4.75
1.61
8.00
13.36
-21.88
-3.67
-7.25
-11.13
15.92
12.16
16.21
5.48
-13.17
-0.27
21.38
-9.27
-9.86
-13.81
-0.14
8.22
25.00
14.48
68
46
57
91
63
54
60
64
55
64
79
51
13
10
20
7
62
19
14
13
16
265
2010 1
-15.20
-20.18
95
30
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
-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
02- MidTown South continued
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
03- Midtown East
04- Dauphin Island Parkway - North
2010 1
-27.59
-25.00
82
36
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
-7.84
10.62
-32.63
-8.27
14.11
-18.88
-16.78
-10.17
-19.25
-29.63
-13.93
7.09
-41.66
5.32
8.40
-31.55
-18.32
-14.58
-36.49
-36.05
75
71
52
100
81
81
85
79
88
84
115
23
33
24
35
187
41
54
45
39
Mobile Residential Report
Page - 3
Price Appreciation % by Zone
Zone / Year
Quarter
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
04- Dauphin Island Parkway - North continued
Annual 2007
4
3
2
2007 1
Annual 2006
0.80
-9.76
-3.28
8.12
7.00
15.95
7.50
1.04
-7.69
9.62
7.71
13.21
56
62
62
50
51
77
203
44
57
52
50
217
2010 1
-4.57
31.25
71
23
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-9.70
-14.67
-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
-12.54
-28.22
-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
78
104
50
53
97
67
71
64
71
65
47
48
62
59
40
76
91
24
20
22
25
124
29
37
30
27
127
35
20
16
17
51
2010 1
-31.40
-41.21
113
16
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
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
07- MidTown West
09- MidCentral
Mobile Residential Report
Page - 4
Price Appreciation % by Zone
Zone / Year
Quarter
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
10- Eight Mile/Pritchard
2010 1
-8.72
10.35
95
11
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-15.23
73.49
-38.77
-6.32
-36.80
-17.36
-13.24
11.68
-27.84
-1.40
-2.39
30.67
46.65
-19.99
-9.65
46.01
-37.00
100.00
-61.89
-48.78
-52.31
-9.72
-10.22
9.33
-8.10
-16.87
-1.02
44.95
50.05
-19.58
1.53
54.76
73
95
76
73
60
86
62
90
102
48
56
48
44
51
88
80
56
8
16
15
17
51
17
13
10
14
57
14
28
24
24
91
2010 1
-26.43
-47.50
75
18
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-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
11- Chickasaw
14- Munipcal Park / West Ctrl
2010 1
-21.40
-14.68
64
34
Annual 2009
4
3
2
-3.73
14.52
-10.88
-10.01
-2.58
11.76
-19.42
-3.43
63
76
58
48
212
50
60
51
Mobile Residential Report
Page - 5
Price Appreciation % by Zone
Zone / Year
Quarter
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
14- Munipcal Park / West Ctrl continued
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-1.17
-10.38
-18.40
-3.73
-8.26
-14.39
-3.30
-7.00
-9.09
-5.81
5.34
23.18
-7.72
-11.82
-19.05
-5.14
-8.03
-17.10
3.73
6.33
-6.60
4.88
14.72
18.11
72
77
72
71
76
87
59
72
59
62
51
47
50
267
44
62
83
74
298
67
83
78
79
357
2010 1
-6.35
-27.64
139
22
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
-7.55
-26.40
14.43
-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
-6.71
-33.53
-21.34
-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
94
73
90
110
105
85
124
67
95
66
73
75
78
75
72
68
183
50
48
48
36
194
31
49
60
50
253
47
72
72
59
301
15- Springhill/USA
Annual 2006
16- Cottage Hill North
2010 1
-15.97
-6.05
75
40
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
-2.85
3.61
-12.48
-5.26
1.38
-9.60
-23.23
-20.66
-4.00
-11.67
-2.73
-7.09
-4.15
-4.36
-7.87
-4.67
-10.84
11.55
-3.62
16.44
81
82
91
79
72
82
75
89
87
72
256
61
73
64
55
306
57
82
101
64
Mobile Residential Report
Page - 6
Price Appreciation % by Zone
Zone / Year
Quarter
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
5.19
18.78
-11.51
13.60
-8.85
14.32
68
67
57
72
80
61
408
97
94
119
86
389
16- Cottage Hill North continued
Annual 2007
4
3
2
2007 1
Annual 2006
7.75
21.07
-0.33
2.49
16.20
12.77
17- Cottage Hill South
2010 1
-6.48
-5.63
72
51
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-15.34
-18.60
-17.27
-10.85
-17.52
1.23
2.37
3.31
5.04
-8.43
13.69
20.63
4.56
-2.65
27.08
16.01
-4.67
-3.30
-4.33
5.30
-7.19
-6.25
-6.22
-8.26
-8.53
-4.31
8.14
2.59
9.69
4.23
15.40
18.40
83
83
90
74
90
82
61
74
86
95
62
73
56
55
69
42
207
46
58
66
37
242
39
57
81
63
275
48
65
85
81
340
2010 1
-20.09
-19.08
102
54
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-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
18- West Mobile
Mobile Residential Report
Page - 7
Price Appreciation % by Zone
Zone / Year
Quarter
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
19- Tillman's Corner
2010 1
-43.11
-35.71
53
25
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
139
42
43
26
25
Annual 2006
-8.58
6.63
68
140
29
40
40
29
162
32
88
80
71
350
20- Western Bay Shores
2010 1
23.15
30.77
85
17
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-7.49
-25.22
1.18
-7.26
-22.77
-8.56
-14.34
7.37
-16.41
-25.30
15.97
27.47
-12.33
62.01
15.19
-20.45
10.40
9.09
13.64
-2.94
-56.12
-9.39
-52.02
10.55
5.26
5.80
13.64
81.04
3.59
38.09
15.25
-28.22
96
89
81
137
65
117
89
83
146
186
88
63
83
82
130
82
71
10
24
22
13
86
16
30
26
10
129
19
46
36
23
169
21- Dauphin Island Parkway - South
2010 1
0.57
-12.50
106
19
Annual 2009
4
3
2
2009 1
-26.51
-13.65
-47.38
-4.04
-38.39
-41.61
-39.95
-26.70
-49.32
-44.44
83
71
70
81
111
106
25
24
30
26
Mobile Residential Report
Page - 8
Price Appreciation % by Zone
Zone / Year
Quarter
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
-14.27
-20.89
-35.62
0.87
-13.25
3.06
3.89
-7.94
6.42
10.67
14.08
95
82
98
89
109
78
75
68
89
81
76
106
19
32
29
29
150
30
43
47
35
126
21- Dauphin Island Parkway - South continued
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-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
2010 1
-10.76
-1.79
60
29
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
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
-1.15
-16.50
15.20
-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
2.70
3.72
18.82
80
78
73
67
107
78
92
74
74
74
55
64
56
52
50
52
187
58
51
40
39
212
49
52
61
48
243
46
74
64
59
254
23- Grand Bay North
2010 1
6.00
-20.00
100
13
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
-3.19
12.04
-20.31
11.53
-11.12
-19.40
-5.41
7.23
-28.19
-31.43
4.84
49.04
-27.74
1.85
4.45
-23.07
-34.62
8.46
-24.45
-39.42
76
100
67
61
97
79
88
71
89
59
68
16
18
22
14
70
12
19
25
14
Mobile Residential Report
Page - 9
Price Appreciation % by Zone
Zone / Year
Quarter
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
1.04
-20.65
-10.49
5.12
22.00
21.91
55
60
63
37
73
41
134
28
15
52
39
138
23- Grand Bay North continued
Annual 2007
4
3
2
2007 1
Annual 2006
4.54
-24.21
-12.87
18.72
27.26
7.53
24- West Mobile County
2010 1
-6.59
-16.92
129
34
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-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
2010 1
-32.28
-37.61
66
31
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-6.89
-21.41
-7.60
1.26
18.99
11.98
21.93
2.16
2.75
7.36
1.74
5.13
6.11
12.00
26.33
28.32
-4.19
-25.39
-9.01
-1.28
21.65
12.68
35.06
7.71
9.69
13.96
5.28
11.00
4.59
6.15
25.39
24.09
90
92
80
97
94
66
56
61
80
80
68
79
63
64
77
58
273
67
77
69
59
290
60
66
73
70
268
52
74
85
63
300
25- Semmes
Mobile Residential Report
Page - 10
Price Appreciation % by Zone
Zone / Year
Quarter
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
26- Semmes / Wilmer Lott Rd
2010 1
-36.52
-51.30
84
21
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-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
2010 1
-4.57
-1.88
96
39
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
-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
-4.12
13.88
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
14.26
7.56
95
98
92
107
90
83
66
99
89
80
61
67
71
52
55
69
117
32
38
34
15
120
29
29
33
27
133
33
35
36
46
201
27- Saraland
28- Saraland / Satsuma Axis / Creola
2010 1
-22.79
-6.72
93
25
Annual 2009
4
3
2
-8.05
-12.82
0.82
-16.31
-9.40
-9.32
-6.73
-16.48
86
75
84
93
91
28
27
20
Mobile Residential Report
Page - 11
Price Appreciation % by Zone
Zone / Year
Quarter
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
-4.66
0.27
-2.72
-9.27
-0.87
-0.10
3.07
1.94
22.55
5.19
1.79
22.79
74
96
73
87
100
108
66
73
66
80
56
57
14
126
20
29
42
34
161
34
24
41
44
133
121.21
-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
-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
2010 1
35.10
32.12
119
16
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
-25.45
-35.98
-17.85
-24.11
-39.95
1.91
46.99
9.66
-13.95
18.16
-19.64
-4.44
-26.84
-33.77
-22.02
5.66
-6.25
18.00
-14.81
1.98
157
141
163
118
292
294
364
431
149
220
50
12
14
18
6
41
6
14
11
10
28- Saraland / Satsuma Axis / Creola
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
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
2010 1
Annual 2009
4
3
2
2009 1
Annual 2008
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
30- Dauphin Island
Mobile Residential Report
Page - 12
Price Appreciation % by Zone
Zone / Year
Quarter
4 - Qtr Average
Sale Price * %
4 - Qtr Median
Sale Price * %
Average Days
on Market
Number
Sold
-27.79
-4.95
-20.34
-5.59
-32.40
-2.13
177
137
67
210
171
145
39
10
4
16
12
56
30- Dauphin Island continued
Annual 2007
4
3
2
2007 1
Annual 2006
-19.65
-20.50
-35.98
-3.96
-35.80
7.44
31- NW Mobile City / Citronelle
2010 1
-0.48
24.56
79
10
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
-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
* 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:
Alex Ryder
Mitchell College of Business
The Center for Real Estate Studies
University of South Alabama
Mobile Residential Report
Page - 13
Price Appreciation % by Zone