Mobile Area Association of Realtors 2827 Airport, Mobile, AL 36606 Telephone: 251.479.8654 Website: www.mobilerealtor.com Mobile Residential Reports Price Trends by Zone Winter 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. This report and many others are available at the 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 Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. Total Mobile MLS Annual 2010 136,515 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 135,472 132,871 143,781 120,773 143,064 139,261 142,436 148,609 140,309 153,000 142,257 156,047 162,801 144,326 158,891 158,914 119,930 70 98 3305 24.66 85 33.19 77 30.53 48 110,000 115,500 127,243 107,000 127,000 125,000 127,500 129,800 126,000 133,850 122,500 137,900 138,975 129,000 135,702 136,705 66 71 80 66 78 78 78 80 75 83 76 85 86 81 87 88 110 101 94 88 84 82 82 85 89 85 78 83 88 89 66 70 699 776 1,069 627 3,472 863 996 900 698 4,118 778 1,083 1,256 955 5,097 1,099 26.61 23.84 23.76 15.47 28.11 26.77 24.90 29.44 31.95 41.36 34.45 37.48 43.23 48.80 68.65 62.60 84 83 91 76 90 89 91 92 84 93 86 96 96 91 91 94 27.32 29.77 38.35 15.15 40.50 42.76 41.16 39.11 38.97 31.84 35.22 35.83 31.37 25.24 11.36 15.56 74 76 80 75 81 79 83 82 80 83 80 84 84 82 82 82 33.62 35.18 26.19 11.96 22.32 21.21 24.50 22.00 21.35 19.57 23.52 19.02 17.99 18.95 14.89 15.29 46 44 51 48 53 55 52 56 47 59 52 60 64 59 73 74 01- Downtown Annual 2010 91,365 64,000 80 98 19 15.79 107 10.53 88 73.68 46 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 130,614 64,900 64,000 72,191 102,048 141,200 93,332 90,180 71,350 145,851 117,500 12,000 64,000 25,000 85,000 105,000 89,000 45,000 52,000 133,500 68 64 41 82 62 70 51 49 63 109 147 48 47 92 113 180 55 29 252 85 7 5 1 6 27 5 11 5 5 40 28.57 0.00 0.00 0.17 33.33 40.00 9.09 40.00 60.00 52.50 98 0 0 124 67 58 76 76 24 136 14.29 20.00 0.00 0.00 22.22 40.00 27.27 64 111 0 0 70 48 90 20.00 7.50 55 48 57.14 80.00 100.00 0.83 44.44 20.00 63.64 60.00 20.00 35.00 42 17 41 73 53 142 30 31 187 76 Mobile Residential Report Page - 2 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 01- Downtown continued… 4 3 2 2008 1 Annual 2007 4 141,146 150,469 143,985 150,076 151,220 157,961 63,900 144,600 164,650 169,900 132,753 167,961 76 110 115 130 100 116 37 107 76 131 77 79 9 7 15 9 52 20 11.11 71.42 60.00 66.67 61.54 65.00 227 143 128 128 110 116 22.22 0.00 6.67 0.00 7.69 5.00 48 0 48 0 76 68 55.56 28.57 33.33 22.22 25.00 25.00 58 29 105 94 83 115 74,875 60 101 26 26.92 78 19.23 89 46.15 24 111,125 72,500 26,847 175,000 152,500 152,500 183,700 135,000 142,500 145,000 129,750 145,600 117,500 135,100 167,000 48 50 62 80 92 95 94 97 48 79 75 85 84 57 82 95 89 91 66 179 93 85 120 96 32 68 46 57 91 63 54 60 8 7 6 5 37 11 12 10 2 51 13 10 20 7 62 19 50 28.57 0.00 20.00 43.24 54.55 33.33 50.00 50.00 58.82 30.77 60.00 75.00 57.14 69.35 63.16 78 71 0 95 94 98 95 104 20 97 124 92 99 64 91 109 12.5 14.29 16.67 40.00 35.14 18.18 50.00 30.00 50.00 13.73 15.38 30.00 5.00 14.29 3.23 5.26 51 48 104 122 98 112 101 89 76 87 89 91 96 64 63 76 12.5 57.14 83.33 40.00 10.81 18.18 8.33 10.00 0.00 27.45 53.84 10.00 20.00 28.57 22.58 21.00 5 31 21 30 98 55 89 75 0 36 43 23 25 40 61 65 149,900 75 105 143 40.56 94 32.87 94 22.38 50 130,650 125,000 168,500 73 75 81 122 88 105 34 23 55 35.29 43.48 41.82 94 91 95 32.35 13.04 40.00 88 90 96 29.41 30.43 16.36 41 49 72 02- MidTown South Annual 2010 100,917 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 104,656 81,271 49,183 184,520 170,859 178,127 177,083 188,150 86,450 169,716 186,212 168,408 175,085 118,286 162,020 183,261 03- MidTown East Annual 2010 166,913 4 3 2 173,014 153,991 169,314 Mobile Residential Report Page - 3 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 03- MidTown East continued… 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 150,147 163,799 158,862 151,860 167,283 177,056 180,820 176,436 187,299 188,662 160,098 167,072 166,265 130,900 150,000 140,500 150,000 145,000 164,000 164,500 130,000 168,960 174,450 144,400 150,000 149,500 80 91 86 92 98 89 97 90 97 96 100 105 121 95 77 66 85 85 68 77 72 86 81 69 67 70 30 157 37 45 36 40 199 34 54 64 43 294 59 40.00 39.49 35.14 37.78 36.11 47.50 57.29 44.12 59.25 53.13 69.77 77.21 71.19 90 98 103 99 98 94 102 95 99 103 103 107 120 36.67 37.58 45.95 40.00 47.22 20.00 36.13 20.59 22.22 28.13 11.63 5.78 11.86 97 98 96 97 104 93 97 94 96 98 98 106 113 20.00 17.83 18.92 15.56 13.89 22.50 27.73 23.53 12.96 17.19 16.28 14.97 15.25 34 56 31 58 75 64 78 73 77 71 98 96 124 04- Dauphin Isnd Pkwy / North Annual 2010 35,218 26,000 37 79 127 5.51 29 9.45 47 76.38 21 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 1 31,363 33,040 41,853 34,975 46,796 51,892 36,984 53,202 48,304 50,775 46,910 54,900 57,996 42,332 20,900 25,500 29,000 30,000 38,000 46,800 29,900 49,500 40,000 44,150 43,700 51,250 47,000 36,900 33 26 43 26 36 36 30 39 38 38 36 40 43 32 75 84 75 82 75 71 52 100 81 81 85 73 88 84 23 38 29 36 115 23 33 24 35 187 41 54 45 39 8.7 2.63 6.90 5.56 10.43 0.00 15.15 8.33 14.29 19.25 21.95 9.30 24.44 28.21 28 9 43 28 31 0 27 38 33 36 31 34 45 32 13.04 13.04 13.79 5.56 23.48 34.78 6.06 33.33 25.71 22.46 21.95 33.33 98.87 10.26 48 43 50 42 59 54 75 59 59 61 60 62 60 61 73.91 78.95 72.41 77.78 63.48 65.22 78.79 54.17 54.29 52.94 56.09 53.70 46.67 51.28 18 23 20 22 26 26 27 26 27 28 29 27 30 28 Mobile Residential Report Page - 4 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 04- Dauphin Isnd Pkwy / North continued… Annual 2007 4 62,593 56,367 64,500 53,500 49 44 56 62 203 44 49.26 29.55 54 39 17.24 29.55 63 61 28.08 31.82 30 34 100,500 66 81 74 20.27 69 33.78 74 37.84 46 115,000 64,500 87,200 105,000 83,000 79,680 84,950 83,000 80,000 94,900 111,000 85,000 96,681 93,000 92,000 90,000 64 48 66 65 67 70 65 68 64 72 77 71 71 68 72 72 85 102 83 71 78 104 50 53 97 67 71 64 71 65 47 48 13 14 22 23 91 24 20 22 25 124 29 37 30 27 127 35 23.08 28.57 9.09 21.74 20.88 20.83 15.00 9.09 36.00 40.32 37.93 27.03 46.67 51.85 66.14 51.43 69 60 54 71 82 93 80 115 70 77 90 74 58 73 77 76 38.49 28.57 31.82 34.78 46.15 54.17 40.00 45.45 44.00 32.26 24.14 51.35 26.67 22.22 9.45 17.14 72 52 74 84 76 72 80 89 67 78 82 77 74 83 80 83 30.77 42.86 50.00 30.43 30.77 25.00 35.00 45.50 20.00 22.58 31.03 18.91 20.00 22.22 18.90 20.00 57 32 55 37 42 45 42 38 46 52 58 48 58 40 54 56 07- Mid Town West Annual 2010 105,294 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 105,034 69,750 118,250 94,451 102,805 125,795 92,217 91,699 98,978 113,844 147,420 99,482 98,666 117,192 104,721 103,620 09- MidCentral Annual 2010 38,464 28,000 45 75 59 13.56 23 23.73 47 59.32 16 4 3 2 2010 1 Annual 2009 4 3 31,057 45,455 34,676 38,785 52,957 44,208 69,492 15,000 32,675 26,200 21,165 45,000 39,900 57,000 30 25 41 29 36 31 48 105 46 38 113 78 57 69 14 10 17 16 63 13 14 14.29 10.00 5.88 18.75 12.70 0.00 28.57 8 10 13 26 42 0 62 21.43 30.00 11.76 31.25 30.16 30.77 28.60 47 43 45 54 55 47 58 57.14 60.00 76.47 50.00 52.38 69.23 28.60 14 21 17 14 22 24 25 Mobile Residential Report Page - 5 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 09- MidCentral continued… 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 45,327 56,536 46,160 44,638 53,485 44,967 43,934 55,273 58,735 35,000 36,000 36,000 37,900 35,000 35,000 36,250 48,500 62,000 32 35 33 31 35 32 34 40 43 88 92 72 34 96 83 72 58 57 22 14 85 17 17 24 26 104 26 9.09 14.29 28.24 35.29 11.76 25.00 38.46 42.31 34.62 26 20 37 23 18 57 39 47 46 22.73 42.86 21.18 23.53 41.18 16.67 11.54 16.35 26.92 58 55 55 62 58 43 54 58 66 63.64 42.86 43.53 29.41 41.18 54.17 46.15 36.54 34.62 20 20 20 22 20 17 23 22 24 10- Eight Mile / Pritchard Annual 2010 52,091 35,000 40 88 51 11.76 45 25.49 53 62.75 23 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 41,471 67,927 48,869 38,673 56,465 90,988 54,645 55,970 42,368 66,609 52,447 89,244 59,746 67,036 80,601 60,449 48,000 61,650 20,500 34,210 40,950 86,000 31,250 40,950 31,000 65,000 43,000 82,000 79,950 65,000 72,000 47,895 28 46 42 28 37 52 35 37 31 42 31 56 42 45 53 39 92 88 81 95 73 95 76 73 60 86 62 90 102 93 56 48 9 18 13 11 56 8 16 15 17 51 17 13 10 11 57 14 0 22.22 0.00 18.18 23.21 25.00 18.75 40.00 11.76 15.69 5.88 7.69 10.00 45.45 54.39 42.86 0 51 0 32 36 46 36 35 24 46 31 23 50 52 62 34 44.44 27.78 23.08 9.09 23.21 62.50 18.80 13.33 17.65 35.29 29.41 53.84 40.00 9.09 12.28 14.29 39 59 61 59 58 56 56 69 57 61 60 23 55 84 68 60 55.56 50.00 76.92 72.73 46.43 12.50 50.00 40.00 64.71 43.14 58.24 30.77 40.00 36.36 28.07 28.57 17 28 23 23 21 46 17 18 23 25 19 40 20 28 29 32 11- Chickasaw Annual 2010 53,412 39,000 43 81 72 9.72 36 31.94 55 55.56 24 4 51,637 35,000 35 120 18 5.56 30 33.33 54 61.11 23 Mobile Residential Report Page - 6 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 11- Chickasaw continued … 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 52,772 64,270 42,317 60,266 73,465 58,856 47,358 57,522 73,626 77,447 76,462 77,585 63,915 75,164 83,209 42,875 58,500 31,500 60,000 79,500 47,800 33,000 60,000 74,000 73,900 75,000 79,400 69,450 78,250 84,900 41 37 33 44 52 45 39 37 50 49 49 57 47 56 64 78 56 75 74 102 72 51 61 70 58 84 52 89 61 60 18 17 18 66 17 24 12 13 89 25 13 22 28 114 29 5.56 23.53 5.56 19.70 5.88 16.67 41.67 23.08 28.09 8.00 38.46 31.82 39.29 64.91 44.83 32 37 44 42 62 48 39 30 53 38 43 64 53 58 66 16.67 47.06 27.78 36.36 58.82 33.33 16.67 30.77 38.20 56.00 38.46 36.36 21.43 14.91 34.48 48 55 56 60 60 63 55 57 63 59 63 65 68 70 68 66.67 29.41 66.67 40.91 29.41 45.83 41.67 46.15 23.59 32.00 15.38 22.73 21.43 17.54 17.24 27 21 22 30 27 31 33 27 29 31 27 32 26 38 47 14-MunPark / West Ctrl Annual 2010 81,663 85,000 53 87 155 11.61 48 44.52 65 36.77 34 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 65,452 75,403 97,126 75,221 94,022 98,385 90,575 92,926 95,696 97,661 85,914 101,636 103,260 68,000 65,950 94,950 75,000 94,500 94,999 84,000 98,500 87,900 97,000 85,000 104,250 102,000 45 55 55 51 60 61 57 62 61 66 56 69 68 88 65 116 64 63 76 58 48 72 77 72 71 76 31 34 56 34 212 50 60 51 50 267 44 62 83 16.13 8.82 12.50 8.82 13.68 12.00 13.33 7.84 22.00 26.59 22.73 20.97 22.89 32 44 62 50 55 58 58 41 54 69 58 69 72 35.48 32.35 57.14 41.18 55.19 70.00 50.00 62.75 40.00 46.07 54.54 48.39 44.58 61 73 65 62 68 65 65 72 69 73 62 72 76 45.16 50.00 25.00 38.24 23.58 12.00 31.67 23.53 26.00 20.97 22.73 20.97 26.51 27 30 45 36 45 37 45 42 49 48 40 53 50 Mobile Residential Report Page - 7 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 14-MunPark / West Ctrl continued… 2008 1 Annual 2007 4 96,827 108,968 105,290 95,250 110,000 105,000 69 71 69 87 59 72 74 299 67 37.84 66.56 53.73 70 73 67 41.89 15.05 23.88 79 79 80 16.22 12.37 11.94 46 54 66 168,000 94 140 135 42.96 113 21.48 78 33.33 100 154,500 205,000 198,000 144,000 158,500 114,329 134,900 168,000 199,000 169,900 172,000 171,500 176,150 162,000 175,000 175,000 97 95 105 88 105 90 103 114 115 114 108 109 123 110 112 114 173 144 127 139 94 73 90 110 105 85 124 67 95 66 73 75 27 28 53 22 183 50 48 48 36 194 31 49 60 50 253 47 40.74 50.00 39.62 45.45 44.81 30.00 41.67 54.17 55.56 57.22 45.16 51.02 58.33 70.00 72.73 65.96 123 105 124 94 120 102 126 120 126 118 111 119 171 113 111 109 18.52 14.29 24.53 22.73 24.04 20.00 29.17 25.00 22.22 18.56 32.25 20.41 21.67 6.00 3.56 6.38 78 71 81 75 101 109 93 100 108 98 94 98 101 100 103 106 40.74 35.71 32.08 27.27 28.42 46.00 29.20 18.75 16.67 21.13 16.13 26.53 15.00 24.00 22.92 25.53 89 110 105 93 84 72 79 115 97 117 106 97 171 105 115 128 127,950 74 88 230 30.87 80 29.13 81 30.87 56 97,450 120,450 137,000 132,000 139,000 137,500 69 74 77 74 84 83 82 112 85 75 81 82 50 48 90 40 256 61 40 27.08 28.89 27.50 32.03 31.15 69 93 81 82 95 91 12 35.42 33.33 37.50 45.31 44.26 66 82 87 74 82 81 44 25.00 30.00 20.00 16.80 16.39 44 50 64 55 67 70 15-Springhill / USA Annual 2010 254,336 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 290,535 289,606 244,314 223,580 226,802 170,452 241,759 258,553 238,743 245,319 231,598 211,277 295,778 212,391 256,314 260,795 16- Cottage Hill North Annual 2010 139,455 4 3 2 2010 1 Annual 2009 4 125,768 144,569 143,302 136,396 159,297 160,914 Mobile Residential Report Page - 8 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 16- Cottage Hill North continued… 3 2 2009 1 Annual 2008 4 3 2 1 Annual 2007 4 157,451 151,196 162,315 163,970 155,306 179,908 159,591 160,098 181,376 202,312 139,900 133,797 140,500 142,900 148,000 145,950 139,900 152,500 149,900 166,000 85 81 85 87 82 89 89 87 89 92 91 79 72 82 75 89 87 72 68 67 73 64 55 306 57 82 101 64 408 97 27.40 28.13 41.82 52.94 49.12 54.88 50.50 57.81 73.77 70.10 95 95 94 91 85 98 92 89 90 94 46.58 46.88 45.45 27.45 29.82 26.83 32.67 17.19 8.58 13.40 85 82 82 86 93 82 86 84 87 88 17.81 20.31 10.91 14.71 19.30 12.41 11.88 17.19 14.71 11.34 68 58 64 79 65 74 91 86 89 99 131,500 72 84 178 28.65 73 47.19 73 16.29 55 124,000 142,000 133,450 134,000 143,000 134,900 143,500 157,000 142,000 150,000 139,500 150,000 149,100 153,000 160,000 148,750 67 75 72 70 82 81 81 84 80 89 84 91 94 86 91 91 107 77 86 72 83 83 90 74 90 82 61 74 86 95 62 73 36 47 40 51 207 46 58 66 37 242 39 57 81 63 275 48 27.78 27.66 27.50 31.37 28.02 23.91 31.03 30.30 21.62 46.69 41.03 47.36 45.68 52.38 76.00 72.92 55 79 90 69 93 90 96 100 74 95 91 97 100 91 93 94 36.11 44.68 50.00 52.94 50.72 54.35 48.28 43.94 62.16 34.29 38.46 38.60 34.57 26.98 9.09 12.50 73 68 77 71 79 80 76 80 79 83 84 85 82 83 86 84 25 17.02 12.50 13.73 13.04 15.22 15.52 12.12 10.81 13.63 17.95 14.04 9.88 14.29 10.91 10.42 46 60 49 66 74 73 72 69 96 78 68 87 81 79 83 86 17- Cottage Hill South Annual 2010 146,430 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 131,830 157,577 149,148 144,638 168,274 160,612 162,829 188,072 154,662 198,760 197,300 196,828 210,970 187,523 196,339 192,735 Mobile Residential Report Page - 9 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 18- West Mobile Annual 2010 175,098 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 173,287 178,855 177,877 161,086 178,387 165,273 181,695 167,313 201,572 190,676 170,191 191,576 201,670 183,602 185,454 189,988 154,900 80 106 329 24.32 90 44.38 81 20.67 71 150,262 156,900 155,000 140,000 153,500 149,900 145,000 149,900 173,000 155,000 139,500 162,000 169,000 151,000 162,000 170,450 73 79 87 78 89 87 90 87 92 86 93 98 98 94 97 97 135 90 90 102 95 108 92 92 92 81 80 73 92 77 64 80 68 87 105 54 349 82 121 84 59 454 76 117 158 99 587 120 27.94 21.83 22.86 22.22 31.52 28.05 23.97 30.95 50.85 51.76 39.47 41.88 58.23 62.63 76.32 74.17 90 92 90 84 93 89 96 89 95 100 98 103 102 97 97 98 42.65 41.38 50.48 42.59 47.56 46.34 54.55 46.43 37.29 27.09 31.58 37.61 21.52 20.20 10.05 13.33 76 78 85 76 89 89 89 88 88 92 87 95 93 90 94 95 16.75 28.74 14.29 25.93 12.32 17.07 13.22 13.10 3.39 12.77 19.74 12.82 10.76 11.11 8.69 8.33 60 68 80 74 81 75 80 85 109 89 93 90 89 82 96 94 115,000 71 91 155 18.71 78 36.13 73 29.03 46 80,000 84,500 140,000 90,000 119,000 139,950 108,000 102,000 140,000 123,000 64 70 78 60 78 82 70 74 87 78 103 108 83 53 67 47 60 80 87 90 39 24 50 25 139 42 43 26 25 140 30.77 16.67 18.00 8.00 26.62 26.19 23.26 34.62 28.00 35.71 74 80 82 70 76 84 61 70 91 77 10.26 29.17 50.00 52.00 48.92 25.30 44.19 42.31 56.00 38.57 76 61 74 67 81 83 75 76 88 85 48.72 41.67 10.00 28.00 11.51 9.52 16.28 11.54 8.00 18.57 43 41 64 40 57 55 52 71 55 66 19- Tillman's Corner Annual 2010 119,033 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 95,548 102,360 140,391 89,372 136,200 145,079 131,432 100,750 157,098 132,931 Mobile Residential Report Page - 10 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 19- Tillman's Corner continued… 4 3 2 1 Annual 2007 4 125,169 125,991 147,151 127,201 123,298 120,383 106,149 123,425 131,000 130,000 120,450 119,750 77 79 82 72 80 76 93 91 85 94 53 57 29 40 40 29 162 32 41.38 30.00 35.00 39.93 66.67 56.25 81 71 82 73 81 81 27.59 37.50 47.50 39.93 16.05 15.63 79 92 83 81 80 76 24.14 30.00 12.50 6.90 7.41 12.50 66 72 66 31 75 79 116,500 84 107 92 30.43 110 16.3 76 44.57 65 142,700 61,000 148,500 68,000 138,000 84,000 125,000 165,000 52,000 125,000 77,000 110,000 170,000 118,500 137,950 160,500 87 73 132 70 79 56 81 100 55 83 80 76 95 86 99 111 95 132 107 85 96 89 81 137 65 117 89 83 146 186 81 63 22 25 28 17 71 10 24 22 13 86 16 30 26 10 108 18 40.91 12.00 32.14 41.18 28.17 30.00 33.33 27.27 7.69 46.51 50.00 43.33 50.00 40.00 68.52 72.22 137 122 98 85 102 79 102 135 9 101 97 91 105 122 101 131 4.55 12.00 32.14 11.76 14.08 20.00 12.50 13.64 15.38 20.93 6.25 26.67 23.08 30.00 9.26 5.56 28 74 77 79 66 68 46 74 80 71 51 71 76 67 70 74 40.91 68.00 32.14 35.29 47.89 40.00 41.67 50.00 69.23 32.56 43.75 30.00 26.92 30.00 19.44 16.67 109 45 74 43 66 27 74 85 52 66 64 59 91 58 104 65 20- Western Bay Shores Annual 2010 182,117 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 286,051 115,904 174,729 157,157 157,328 120,749 152,304 187,568 127,614 170,073 161,469 150,525 202,259 165,240 185,996 188,500 21- Dauphin Isnd Pkwy/ South Annual 2010 70,961 45,000 50 112 87 22.99 67 14.94 64 51.72 32 4 3 2 2010 1 85,984 67,563 70,426 58,544 76,875 49,000 47,500 35,000 60 53 57 36 101 94 137 106 21 19 28 19 14.29 42.11 14.29 26.32 100 54 117 28 19.05 25.79 14.29 10.53 68 77 62 43 47.62 42.11 60.71 52.63 31 27 31 39 Mobile Residential Report Page - 11 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 21- Dauphin Isnd Pkwy/ South continued … Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 64,765 52,321 51,246 90,284 58,215 88,126 60,589 97,385 94,087 94,495 114,182 118,677 40,000 35,127 37,750 41,750 40,000 68,500 58,500 51,500 82,375 72,000 79,900 73,950 41 37 43 44 40 58 41 65 53 63 70 73 83 71 70 81 111 95 82 98 89 109 84 75 106 25 24 30 26 106 19 32 29 29 171 30 17.92 20.00 16.67 16.67 19.23 28.30 10.53 21.85 27.59 41.38 57.89 43.33 49 60 27 63 43 80 38 142 61 72 79 92 23.58 12.00 33.33 20.00 26.92 31.13 47.37 21.85 31.03 27.59 13.45 16.67 60 51 66 58 55 60 51 54 60 77 72 79 55.66 68.00 50.00 56.67 50.00 34.91 43.11 46.88 41.38 20.70 24.56 30.00 29 27 33 31 27 38 31 35 43 32 51 45 22- South Mobile County / Theodore Annual 2010 99,063 99,450 66 80 196 20.92 72 32.65 74 31.12 33 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 80,600 109,842 100,084 99,411 115,065 118,629 121,645 115,976 111,403 108,577 108,758 105,452 112,250 103,386 126,059 135,181 87,000 95,000 98,950 110,000 112,000 103,500 119,000 112,000 112,000 114,000 113,000 111,750 117,900 114,300 119,600 121,202 63 68 68 62 71 75 74 71 65 72 70 72 75 71 80 78 104 96 69 60 80 78 73 67 107 78 92 74 74 74 55 64 39 49 68 29 187 58 51 40 39 212 49 52 61 48 243 46 23.08 18.37 17.65 24.14 36.90 43.10 29.41 42.50 30.77 25.00 24.49 26.92 19.67 29.17 59.26 47.83 71 69 73 67 80 83 91 77 67 77 70 74 77 84 84 86 15.38 40.82 36.76 34.48 34.76 29.31 39.22 35.71 35.90 42.45 46.94 42.31 40.98 39.58 20.16 21.74 58 76 77 73 77 77 81 73 76 82 80 80 85 83 80 75 41.03 32.65 32.35 20.69 20.32 13.79 25.49 15.00 28.21 22.64 18.37 23.08 24.59 25.00 13.58 23.91 33 33 34 33 44 37 41 55 48 47 39 54 49 42 64 72 Mobile Residential Report Page - 12 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 23- Grand Bay Annual 2010 128,724 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 1 Annual 2007 4 129,558 103,848 151,437 114,415 124,231 139,627 114,439 134,439 107,938 128,324 124,618 143,609 120,542 121,444 159,208 131,743 112,250 68 80 66 22.73 73 30.3 80 30.3 42 108,210 102,500 158,450 84,000 130,000 136,000 112,000 126,300 105,000 124,000 91,250 155,000 124,000 100,525 161,187 139,575 73 68 72 58 70 73 70 73 66 75 71 83 79 64 84 71 52 105 78 100 76 100 67 61 97 79 88 71 89 59 55 60 14 15 24 13 68 16 18 22 14 70 12 19 25 14 243 28 7.14 20.00 33.33 23.08 30.88 18.75 33.33 31.82 42.86 40.00 41.67 42.11 40.00 35.71 59.26 46.43 91 73 70 78 75 86 63 87 68 83 57 90 86 94 84 87 28.57 33.33 37.50 15.38 36.76 31.25 50.00 36.36 28.57 31.43 41.67 36.84 36.00 14.29 20.16 21.43 76 85 86 57 76 79 69 80 87 84 87 91 88 47 80 71 42.86 46.67 12.50 30.77 20.59 25.00 5.56 22.73 28.57 20.00 16.67 15.79 16.00 35.71 13.58 21.43 50 45 20 42 41 35 67 41 41 48 69 37 43 51 64 39 172,687 82 108 288 30.56 95 40.97 86 13.54 67 157,937 172,375 170,000 153,700 175,000 161,425 182,100 177,000 185,000 186,900 180,000 78 82 85 82 94 94 95 95 93 99 94 101 114 90 129 85 59 87 100 103 97 91 60 67 101 34 290 79 80 81 50 359 48 30 35.82 29.70 20.59 88.50 35.44 32.50 32.10 42.00 52.37 52.08 88 96 97 90 99 98 101 98 98 101 97 38.33 40.30 41.58 41.18 38.97 37.97 38.75 39.51 40.00 31.48 31.25 81 87 86 84 91 90 94 91 89 98 93 15 7.46 13.86 32.35 6.90 7.59 6.25 6.17 6.00 5.29 6.25 71 51 67 73 76 71 62 94 71 78 65 24- West Mobile County Annual 2010 187,125 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 189,809 186,841 181,570 180,897 188,446 177,973 186,109 195,664 193,654 205,518 193,784 Mobile Residential Report Page - 13 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 24- West Mobile County continued… 3 2 2008 1 Annual 2007 4 211,543 205,209 213,529 215,488 222,437 199,000 191,950 188,450 189,900 193,700 99 99 100 104 106 81 96 102 64 68 125 124 80 501 120 40.80 50.81 66.25 78.44 79.17 99 102 103 106 110 37.60 33.06 21.25 8.78 9.17 100 96 95 99 102 4.80 4.84 5.00 5.79 41.67 90 69 82 93 77 Annual 2010 148,455 145,231 73 104 272 23.16 77 41.18 83 11.03 56 129,900 147,400 150,500 105,500 146,500 144,000 139,900 147,000 169,100 152,900 193,000 153,750 148,900 139,000 135,700 142,900 71 71 77 72 84 84 83 82 88 87 86 90 84 84 84 85 133 121 100 66 90 92 80 97 94 66 56 61 80 80 68 79 47 58 105 31 273 67 77 69 59 290 60 66 73 70 268 52 14.89 24.13 22.86 38.71 23.81 28.36 16.88 28.99 20.34 37.24 26.67 34.85 42.47 44.29 65.67 57.69 68 78 78 71 80 81 86 76 78 92 85 95 53 91 87 89 42.55 27.59 43.81 38.71 47.99 50.75 44.16 47.83 50.85 41.38 48.33 43.94 36.99 37.14 17.91 26.92 80 78 83 76 88 88 91 84 89 88 89 91 82 83 83 83 12.77 15.52 10.48 9.68 9.89 5.97 20.78 4.35 6.78 8.62 10.00 7.58 10.96 10.00 8.58 9.62 61 43 59 56 61 53 56 68 88 56 62 40 53 63 63 72 111,000 66 99 157 17.83 73 29.94 74 31.21 42 105,900 111,950 119,900 56,000 69 69 71 46 98 102 100 84 35 37 55 21 17.14 18.92 14.55 19.05 74 80 72 65 28.57 27.03 36.36 19.05 71 69 78 67 31.43 35.14 27.27 42.86 40 47 54 21 25- Semmes 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 134,648 147,361 153,962 118,616 153,957 147,497 143,495 153,861 175,161 165,349 187,672 155,305 151,947 147,212 147,658 153,921 26- Semmes / Wilmer / Lott Road Annual 2010 117,049 4 3 2 2010 1 113,210 116,273 134,384 75,779 Mobile Residential Report Page - 14 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 26- Semmes / Wilmer / Lott Road continued ... 126,488 130,591 130,712 125,842 119,380 134,573 123,945 148,071 136,607 124,810 138,963 138,118 119,900 110,500 121,500 125,000 115,000 134,900 121,500 137,500 141,825 127,350 133,530 135,000 70 73 70 68 69 74 66 81 76 72 78 79 77 80 96 67 69 89 67 81 83 123 80 92 201 49 46 68 37 212 45 53 62 49 245 49 20.90 24.49 15.22 22.06 18.92 33.02 28.89 33.96 38.71 30.61 70.20 77.55 73 78 80 75 61 84 73 88 82 89 83 82 41.29 42.86 32.61 39.71 54.05 40.09 42.22 47.17 30.65 42.86 12.65 6.12 79 77 82 79 80 79 79 84 79 71 81 81 23.38 22.45 28.26 26.47 13.51 18.39 17.78 11.32 20.97 22.45 11.84 8.16 41 53 39 40 25 44 27 54 52 46 49 84 Annual 2010 131,692 121,250 67 101 148 25.68 82 35.81 80 29.05 43 131,450 125,000 109,900 125,000 125,000 116,500 125,000 129,900 127,400 122,900 121,000 119,800 132,000 123,500 134,900 135,000 65 62 73 70 80 75 81 86 81 80 76 77 83 82 85 82 98 116 84 96 95 98 92 107 90 83 66 99 89 80 61 67 36 35 35 39 117 32 38 34 15 120 29 29 33 27 133 33 30.56 28.57 22.86 20.51 23.08 12.50 23.68 26.47 33.33 31.67 37.93 41.38 27.27 22.22 63.91 60.61 80 88 82 78 91 84 93 96 84 78 65 77 50 78 86 85 36.11 31.43 40.00 35.90 49.57 53.13 47.37 44.12 60.00 45.83 48.28 34.48 57.57 40.74 15.04 24.24 84 85 74 81 84 82 87 83 85 87 83 82 85 98 84 75 16.67 31.43 31.43 35.90 21.37 25.00 26.32 17.65 6.67 18.33 6.89 20.69 15.15 29.63 17.29 12.12 30 35 47 53 61 60 59 74 25 60 64 63 96 64 76 86 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 27- Saraland 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 140,906 134,998 118,433 131,267 140,788 126,909 142,354 162,243 137,553 141,192 132,421 153,900 143,476 134,741 151,593 145,941 Mobile Residential Report Page - 15 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 28- Saraland / Satsuma / Axis / Creola Annual 2010 139,761 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 136,387 142,535 145,158 125,863 150,554 132,196 158,726 143,663 163,011 163,731 151,638 157,431 171,661 161,207 166,237 147,672 136,000 76 99 127 26.77 80 39.37 86 22.83 53 147,250 136,000 130,000 125,000 134,000 125,000 139,900 129,000 134,000 147,900 137,850 150,000 154,450 140,555 147,500 141,700 71 68 80 75 81 74 87 79 85 88 84 84 90 89 91 93 86 109 100 93 86 75 84 93 74 96 73 87 100 108 66 73 24 39 36 25 91 28 27 20 14 126 20 29 42 34 161 34 41.67 28.21 13.89 28.00 21.98 32.14 7.41 25.00 28.57 42.06 30.00 41.38 40.48 50.00 69.57 58.82 80 83 83 70 84 85 91 67 100 90 85 83 91 92 93 99 20.83 38.46 47.22 44.00 60.44 57.14 74.07 50.00 57.14 34.13 50.00 37.93 33.33 23.53 12.42 14.71 80 85 88 85 84 71 95 80 87 92 91 93 90 95 93 98 25 28.21 19.44 20.00 13.19 3.57 14.81 25.00 14.29 13.49 10.00 17.24 11.90 14.71 14.29 17.65 48 51 51 68 63 22 48 89 49 73 34 67 90 76 75 80 29- NE Mobile City / Mt. Vernon Annual 2010 71,550 57,500 45 97 22 22.73 42 18.18 57 36.36 22 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 67,140 48,833 83,984 147,500 80,446 126,040 58,649 32,667 66,680 97,339 62,603 54,900 47,000 82,502 0 49,900 81,000 47,000 35,000 66,400 83,000 59,000 42 33 47 70 41 59 30 29 34 59 35 68 104 115 88 102 136 78 33 124 99 86 5 9 6 2 23 8 7 3 5 27 7 40 22.22 16.67 0.00 30.43 12.50 42.86 33.00 40.00 29.63 42.86 39 42 50 0 46 108 28 13 60 54 45 20 0.00 33.33 50.00 30.43 50.00 28.57 0.00 20.00 37.04 0.00 45 0 64 54 37 45 28 0 21 81 0 0 55.56 50.00 0.00 26.09 12.50 28.60 33.00 40.00 33.33 57.14 0 19 26 0 23 11 36 24 15 38 28 Mobile Residential Report Page - 16 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 29- NE Mobile City / Mt. Vernon continued … 3 2 2008 1 Annual 2007 4 84,800 128,636 111,524 106,047 73,667 79,500 110,000 119,500 83,700 50,000 56 77 67 58 49 59 90 155 75 34 6 7 7 43 9 33.33 14.29 28.57 53.49 44.44 52 55 45 72 51 50.00 42.86 57.14 6.98 22.22 69 90 84 76 74 16.67 42.86 14.29 34.88 33.33 26 55 43 29 29 237,000 161 147 55 45.45 156 3.64 143 41.82 147 221,200 210,000 235,000 255,000 225,000 215,000 199,900 228,500 193,000 280,000 225,000 273,235 345,000 247,500 265,000 240,000 154 132 126 176 177 183 172 167 201 229 255 219 230 225 266 192 246 119 121 119 157 141 163 118 292 294 364 431 149 220 177 201 12 9 18 16 50 12 14 18 6 41 6 14 11 10 39 7 50 22.22 66.67 31.25 0.54 0.42 0.50 0.67 0.50 58.54 66.67 42.86 63.63 70.00 56.41 71.43 161 139 155 160 191 179 193 185 221 238 285 251 219 218 255 183 8.33 11.11 0.00 0.00 0.04 0.00 0.07 0.00 0.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 160 126 0 0 96 0 96 0 96 0 0 0 0 0 0 0 41.67 66.67 22.22 50.00 0.40 0.58 0.43 0.33 0.20 31.71 33.33 35.71 36.36 20.00 41.03 28.57 140 131 119 177 158 185 160 131 125 222 196 180 250 294 271 214 87,000 65 118 43 27.91 65 16.28 70 39.53 49 81,500 105,000 113,000 71,000 63 61 74 56 202 113 88 79 8 13 11 10 12.5 23.07 27.27 50.00 74 50 106 49 12.5 7.69 18.18 30.00 61 78 78 67 62.5 38.46 54.55 10.00 55 57 38 34 30- Dauphin Island Annual 2010 240,440 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 1 Annual 2007 4 232,325 225,222 234,407 261,875 248,673 246,492 250,446 267,028 193,833 333,560 385,000 304,855 351,841 322,774 327,317 261,923 31- NW Mobile City / Citronelle Annual 2010 117,175 4 3 2 2010 1 89,900 118,403 150,054 105,960 Mobile Residential Report Page - 17 Price Trends by Zone Price Trends by Zone Zone Year / Quarter Avg Sale Price Median Sale Avg Sales Avg Days Number Conventional Price S.F. on Market Sold as % of Total Price Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 31- NW Mobile City / Citronelle Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 105,770 88,370 102,583 131,688 106,471 121,762 134,917 135,547 100,400 111,026 115,849 130,191 103,000 97,000 103,000 115,000 57,000 107,210 84,000 126,250 74,000 113,605 121,750 125,000 60 58 63 64 55 67 62 72 63 66 71 80 81 53 106 116 36 88 139 78 84 77 114 90 37 10 12 8 7 40 6 16 10 8 54 11 For further information please contact: Professor Donald Epley, Director, Center for Real Estate Studies E-mail: depley@usouthal.edu Phone: 251.460.6735 MLS Office: 251.479.8654 Mobile Residential Report Page - 18 24.32 30.00 16.67 25.00 28.57 32.50 66.67 18.75 30.00 37.50 64.81 81.82 57 34 64 46 96 69 61 93 43 81 78 87 35.14 30.00 50.00 37.50 14.29 35.00 16.67 31.25 50.00 37.50 12.96 0.00 80 75 85 72 92 78 85 72 89 68 68 0 29.73 20.00 25.00 25.00 57.14 20.00 0.00 31.25 20.00 12.50 18.52 9.10 36 62 25 45 26 40 0 44 28 43 54 72 Analysis completed by: Shirley Harvey Center for Real Estate Studies Mitchell College of Business University of South Alabama Price Trends by Zone