Mobile Area Association of Realtors 2827 Airport, Mobile, AL 36606 Telephone: 251.479.8654 Website: www.mobilerealtor.com Mobile Residential Reports Quarterly and Annual Housing Unit Building Permits Private Permits Only (Census) Summer, 2009 Mobile MSA Residential Housing Market 2003 - Current This report is available at on the Center for Real Estate Studies Website: http://cres.southalabama.edu/ Center for Real Estate Studies Mitchell College of Business University of South Alabama 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. Residential Report Page - 1 of 8 Private Permits - Summer 2009 Private Permits Only Total Mobile Year / Quarter Total # 1 Family 2009 2 2009 1 Annual 2008 2008 4 2008 3 2008 2 2008 1 Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 312 151 1394 233 289 414 426 2,064 322 449 794 499 2,519 775 566 558 620 2,120 2,316 1,625 1,648 290 149 1337 221 286 414 396 1,624 270 389 548 417 2,102 479 561 508 554 1,798 1,695 1,606 1,574 Total # 1 Family 4 2 3 2 Cost One Family $59,523,566 $25,563,338 $109,293,328 $38,715,204 $51,721,101 $74,977,905 $69,379,357 $278,628,184 $46,922,948 $65,112,063 $94,829,283 $71,635,862 $274,635,862 $77,727,633 $31,453,788 $81,748,971 $83,705,470 $200,400,501 $179,777,687 $155,028,005 $147,543,806 2 Family 3 1 5 0 1 0 4 2 0 0 0 2 2 0 0 2 0 0 2 2 0 Cost Two Family $137,000 $194,600 $831,504 $0 $45,000 $0 $786,504 $170,907 $0 $0 $0 $170,907 $170,907 $0 $0 $170,907 $0 $0 $299,280 $88,118 $0 3-4 Family 0 0 0 0 0 0 0 0 0 0 0 0 48 0 0 48 0 0 32 4 14 Cost 5+ Family 3-4 Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,364,196 $0 $0 $4,364,196 $0 $0 $1,693,200 $408,000 $581,130 19 1 52 12 2 0 26 438 52 60 246 80 367 296 5 0 66 322 587 13 60 Cost Five Family $26,716,000 $312,500 $25,311,988 $18,931,019 $4,106,603 $0 $24,224,782 $40,553,199 $5,159,240 $5,785,500 $23,901,678 $5,706,781 $23,137,619 $17,052,664 $494,455 $0 $5,590,500 $42,537,976 $32,408,534 $440,036 $1,860,580 Citronelle Year / Quarter 2009 2 2009 1 Residential Report Cost One Family $164,950 $119,422 2 Family 1 0 Cost Two Family $72,000 $0 Page - 2 of 8 3-4 Family 0 0 Cost 5+ Family 3-4 Family $0 $0 0 0 Cost Five Family $0 $0 Private Permits - Summer 2009 Private Permits Only Citronelle - Continued Year / Quarter Total # 1 Family Annual 2008 2008 4 2008 3 2008 2 2008 1 Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 12 2 4 4 3 22 4 12 1 5 13 3 5 2 3 17 12 19 0 11 2 3 4 3 22 4 12 1 5 13 3 5 2 3 17 12 19 0 Cost One Family $554,450 $117,071 $111,395 $226,158 $188,277 $1,223,120 $476,250 $478,395 $39,475 $229,000 $748,205 $165,470 $263,450 $110,325 $208,960 $901,580 $704,570 $1,064,790 $0 2 Family 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cost Two Family $45,000 $0 $45,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 3-4 Family 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cost 5+ Family 3-4 Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cost Five Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Dauphin Island Town Year / Quarter Total # 1 Family 2009 2 2009 1 Annual 2008 2008 4 3 3 30 2 3 3 30 2 Residential Report Cost One Family $435,240 $561,223 $4,928,518 $307,000 2 Family 0 0 0 0 Cost Two Family $0 $0 $0 $0 Page - 3 of 8 3-4 Family 0 0 0 0 Cost 5+ Family 3-4 Family $0 $0 $0 $0 0 0 0 0 Cost Five Family $0 $0 $0 $0 Private Permits - Summer 2009 Private Permits Only Dauphin Island Town - Continued Year / Quarter Total # 1 Family 2008 3 2008 2 2008 1 Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 14 8 8 15 2 6 7 0 11 2 9 0 0 211 61 59 33 14 8 8 15 2 6 7 0 11 2 9 0 0 67 54 59 33 Year / Quarter Total # 1 Family 2009 2 2009 1 Annual 2008 2008 4 2008 3 2008 2 57 50 288 64 44 75 41 49 248 64 44 75 Cost One Family $2,330,958 $1,369,080 $1,195,648 $2,637,186 $191,200 $1,285,780 $1,160,206 $0 $1,584,000 $450,000 $1,134,000 $0 $0 $9,088,272 $7,100,877 $6,125,420 $3,807,643 2 Family 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 0 0 Cost Two Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $299,280 $0 $0 3-4 Family 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cost 5+ Family 3-4 Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 144 5 0 0 Cost Five Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $28,204,980 $450,000 $0 $0 Mobile (City) Residential Report Cost One Family $7,983,670 $8,661,087 $5,443,116 $10,936,649 $9,777,993 $14,887,856 2 Family 0 1 4 0 0 0 Cost Two Family $0 $194,600 $786,504 $0 $0 $0 Page - 4 of 8 3-4 Family 0 0 0 0 0 0 Cost 5+ Family 3-4 Family $0 $0 $0 $0 $0 $0 16 0 36 0 0 0 Cost Five Family $18,616,000 $0 $3,624,932 $0 $0 Private Permits - Summer 2009 Private Permits Only Mobile (City) - Continued Year / Quarter Total # 1 Family 2008 1 Annual 2007 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 108 652 65 126 300 161 619 279 99 77 164 350 451 238 269 79 266 65 66 54 81 361 87 99 77 98 212 191 234 245 Cost One Family $16,439,053 $57,533,576 $14,125,114 $12,242,760 $11,817,993 $19,347,709 $69,400,280 $16,029,998 $21,465,793 $14,265,013 $17,639,476 $55,493,848 $42,870,284 $35,278,917 $32,761,320 2 Family 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cost Two Family $786,504 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 3-4 Family 0 0 0 0 0 0 0 0 0 0 0 0 32 4 0 Cost 5+ Family 3-4 Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,693,200 $408,000 $0 25 386 0 60 246 80 258 192 0 0 66 138 228 0 24 Cost Five Family $24,068,532 $35,393,959 $0 $5,785,500 $23,901,678 $5,706,781 $12,358,500 $6,768,000 $0 $0 $5,590,500 $13,082,996 $16,355,000 $0 $761,500 County Unincorporated Year / Quarter Total # 1 Family 2009 2 2009 1 Annual 2008 2008 4 2008 3 2008 2 2008 1 Annual 2007 230 86 1002 157 211 311 286 1332 227 86 989 145 210 311 286 1278 Residential Report Cost One Family $47,921,530 $14,644,512 $86,744,140 $25,638,044 $36,699,500 $54,872,811 $47,921,530 $211,415,203 2 Family 0 0 0 0 0 0 0 2 Cost Two Family $0 $0 $0 $0 $0 $0 $0 $170,907 Page - 5 of 8 3-4 Family 0 0 0 0 0 0 0 0 Cost 5+ Family 3-4 Family $0 $0 $0 $0 $0 $0 $0 $0 3 0 13 12 1 0 0 52 Cost Five Family $8,100,000 $0 $20,905,806 $18,931,019 $3,794,103 $0 $0 $5,159,240 Private Permits - Summer 2009 Private Permits Only County Unincorporated - Continued Year / Quarter Total # 1 Family 2007 4 2007 3 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 218 305 480 329 1,820 486 442 479 413 1,392 1,404 1,205 1,230 166 305 480 327 1,661 382 437 429 413 1,392 1,250 1,195 1,222 Year / Quarter Total # 1 Family 2009 2 2009 1 Annual 2008 2008 4 2008 3 2008 2 2008 1 Annual 2007 2007 4 2007 3 8 5 9 1 5 2 1 28 18 0 6 5 9 1 5 2 1 28 18 0 Cost One Family $27,814,595 $51,105,128 $80,938,418 $51,557,062 $194,619,328 $59,992,372 $6,863,017 $37,373,633 $60,390,306 $114,453,250 $100,906,056 $94,082,529 $97,832,071 2 Family 0 0 0 2 2 0 0 2 0 0 0 2 0 Cost Two Family $0 $0 $0 $170,907 $170,907 $0 $0 $170,907 $0 $0 $0 $88,118 $0 3-4 Family 0 0 0 0 48 0 0 48 0 0 0 0 8 Cost 5+ Family 3-4 Family $0 $0 $0 $0 $4,364,196 $0 $0 $4,364,196 $0 $0 $0 $0 $253,200 52 0 0 0 109 104 5 0 0 0 154 8 0 Cost Five Family $5,159,240 $0 $0 $0 $10,779,119 $10,274,664 $494,455 $0 $0 $0 $5,603,534 $287,386 $0 Prichard Residential Report Cost One Family $946,119 $697,094 $1,262,813 $176,440 $582,255 $488,000 $167,558 $3,524,099 $2,020,789 $0 2 Family 2 0 0 0 0 0 0 0 0 0 Cost Two Family $65,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 Page - 6 of 8 3-4 Family 0 0 0 0 0 0 0 0 0 0 Cost 5+ Family 3-4 Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 Cost Five Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Private Permits - Summer 2009 Private Permits Only Prichard - Continued Cost One Family $873,191 $630,119 $8,284,049 $1,089,793 $1,727,528 $0 $5,466,728 $3,668,325 $8,984,848 $1,046,763 $1,321,400 Year / Quarter Total # 1 Family 2007 2 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 6 4 56 5 11 0 40 24 288 11 18 6 4 56 5 11 0 40 24 88 11 12 Year / Quarter Total # 1 Family Cost One Family 2 Family 2009 2 2009 1 Annual 2008 2008 4 2008 3 2008 2 2008 1 Annual 2007 2007 4 2007 3 2007 2 10 5 53 7 11 14 20 15 15 0 0 10 4 50 7 10 14 19 15 15 0 0 $2,072,057 $880,000 $10,360,291 $1,540,000 $2,219,000 $3,134,000 $3,467,291 $2,295,000 $2,295,000 $0 $0 0 0 0 0 0 0 0 0 0 0 0 2 Family 0 0 0 0 0 0 0 0 0 0 0 Cost Two Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 3-4 Family Cost 5+ Family 3-4 Family Cost Five Family $0 $0 $0 $0 $0 $0 $0 $0 $10,000,000 $0 $0 0 0 0 0 0 0 0 0 0 0 6 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $327,930 0 0 0 0 0 0 0 0 200 0 0 Cost Two Family 3-4 Family Cost 3-4 Family 5+ Family Cost Five Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 1 3 0 1 0 1 0 0 0 0 $0 $312,500 $781,250 $0 $312,500 $0 $156,250 $0 $0 $0 $0 Saraland Residential Report Page - 7 of 8 Private Permits - Summer 2009 Private Permits Only Saraland - Continued Year / Quarter 2007 1 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 Total # 1 Family Cost One Family 2 Family Cost Two Family 3-4 Family Cost 3-4 Family 5+ Family Cost Five Family 0 0 0 0 0 0 126 100 93 98 0 0 0 0 0 0 86 100 88 62 $0 $0 $0 $0 $0 $0 $16,794,726 $19,211,052 $17,429,586 $11,821,372 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 40 0 5 36 $0 $0 $0 $0 $0 $0 $1,250,000 $0 $152,650 $1,099,080 Disclaimer: Annual totals may not total quarterly totals. Notes: All data supplied by the U.S. Bureau of the Census;. Analysis done by the Mitchell College of Business Center for Real Estate Studies; For additional information, contact: Don Epley, Director of the Center for Real Estate Studies Phone: 251.460.6736 E-mail: depley@usouthal.edu This data for this report was completed by: Residential Report Shirley Harvey, MBA Student Center for Real Estate Studies Mitchell College of Business Page - 8 of 8 Private Permits - Summer 2009