Mobile Area Association of Realtors 2827 Airport, Mobile, AL 36606 Telephone: 251.479.8654 Website: www.mobilerealtor.com Mobile Residential Reports Price Range of Sold Properties Winter 2010 This report is available at the Center for Real Estate Studies (CRES) website: http://cres.southalabama.edu/ "Data you can use." "Education you can use." 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 Range of Sold Properties Mobile MSA (City + County) Price Range of Sold Properties Winter 2010 2008 Qrt 3 2008 Qrt 4 2008 Annual 2009 Qrt 1 2009 Qrt 2 2009 Qrt 3 2009 Qrt 4 2009 Annual 2010 Qrt 1 2010 Qrt 2 2010 Qrt 3 26 26 97 17 23 28 12 93 38 50 58 228 65 58 74 61 284 79 59 59 249 51 58 60 41 240 46 73 76 254 47 57 55 65 283 58 104 71 387 68 81 104 112 449 62 99 148 85 97 426 563 71 89 116 129 114 152 114 128 517 611 84 65 29 81 64 69 112 118 136 under $140,000 $140000-159999 $160000-179999 $180000-199999 $200000-219999 $220000-239999 $240000-259999 $260000-279999 $280000-299999 559 472 2204 408 522 587 533 2477 432 134 66 469 59 89 94 96 449 52 85 61 324 59 74 77 59 380 34 71 35 221 41 40 56 42 279 18 $300000-349999 $350000-399999 $400000-449999 $450000-499999 $500000-549999 $550000-599999 $600000-649999 $650000-699999 $700000-749999 $750000-799999 Price Range $0-19999 $20000-39999 $40000-59999 $60000-79999 $80000-99999 $100000-119999 $120000-139999 Mobile Residential Report 43 20 151 19 24 39 24 165 12 37 36 160 34 35 43 22 196 22 40 19 126 17 22 28 19 127 16 29 15 20 13 100 53 17 10 27 13 18 11 16 7 113 69 8 7 35 9 98 14 21 16 19 129 14 13 4 46 9 10 4 7 75 2 15 3 35 3 10 4 10 53 1 5 3 25 3 4 6 2 34 4 3 1 17 0 2 4 2 21 2 4 4 17 1 0 2 1 13 2 0 3 9 1 2 1 1 10 0 2 3 8 0 1 1 0 6 0 2 0 1 3 3 4 0 0 0 0 0 1 0 1 3 3 0 0 Page - 2 2010 Annual 38 85 57 58 83 84 82 2010 Qrt4 38 68 55 68 77 78 71 609 98 80 65 61 36 20 27 18 487 68 52 41 23 14 20 21 6 455 74 32 34 19 17 17 10 4 2031 308 207 177 126 97 78 72 42 18 11 5 8 5 4 0 2 0 2 16 10 7 2 2 3 0 2 0 0 10 8 8 2 4 0 0 2 1 0 59 32 21 16 13 11 1 6 1 2 144 317 223 257 338 376 376 Price Range of Sold Properties Price Range of Sold Properties Winter 2010 2008 Qrt 3 2008 Qrt 4 2008 Annual 2009 Qrt 1 2009 Qrt 2 2009 Qrt 3 2009 Qrt 4 2009 Annual 2010 Qrt 1 2010 Qrt 2 2010 Qrt 3 2010 Qrt4 2010 Annual $800000-849999 $850000-899999 $900000-949999 $950000-999999 0 1 1 0 0 1 1 4 0 0 0 2 0 1 1 0 3 0 0 2 1 0 0 2 1 0 0 1 0 1 0 0 0 4 0 0 1 0 0 0 1 0 0 2 1 2 1 0 1 $1m-1199999 $1.2m-1399999 $1.4m-1599999 $1.6m-1799999 $1.8m-1999999 $2.0m and over 1 0 5 1 1 0 1 4 0 0 0 0 1 2 0 0 1 0 3 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 3 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 2 0 1 Highest Price $1.15m $1.35m $2.625m $1.42m $2.2m $1.4m $1.1m 2.2m $950,000 $773,000 $1.35m $2.016m $2.016m Lowest Price $7,900 $3,500 $3,500 $6,900 $10,000 $5,000 $9,500 $2,000 $3,500 $4,000 $4,800 $6,000 $3,500 $156,844 142,257 $152,895 87 82 89 Price Range Avg Sales Price Avg Days on Mkt $140,460 $148,609 $142,436 $139,261 $158,600 $120,773 92 88 85 86 96 88 $143,781 94 0 0 0 0 0 2 $132,871 $135,376 $136,493 101 110 98 All data supplied by the Mobile Multi-List: 251.479.8654 For further information please contact: Dr. Don Epley, Director, Center for Real Estate Studies E-mail: depley@usouthal.edu Phone: 251.460.6735 Analysis completed by: Mobile Residential Report Shirley Harvey Mitchell College of Business The Center for Real Estate Studies University of South Alabama Page - 3 Price Range of Sold Properties