Mobile Residential Report: Four-Quarter Price Appreciation % 2001 - Current 2013 - Quarter One 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." http://cres.southalabama.edu/ Mobile Area Association of Realtors 2827 Airport Blvd., Mobile, AL 36606 Telephone: 251.479.8654 www.mobilerealtor.com 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. Mobile Residential Report Page 1 Quarterly Price Appreciation % Four-Quarter Price Appreciation (%) 2013 - Quarter One 4 - Qtr 4 - Qtr 4 - Qtr 4 - Qtr 4 - Qtr Avg Sales Avg Sales Conv Sales FHA Sales Median Sales Price * Price S.F. * Price S.F. * Price S.F. * Price * % % % % % 4 - Qtr Cash Sales Price S.F. * % Year Qtr 2013 1 49 1.5 6.4 5.3 2.7 1.5 2.6 4 3 2 1 4 3 2 1 4 3 2 1 4 3 2 1 4 3 2 1 4 3 2 1 4 3 2 1 4 3 2 1 4 3 2 1 4 3 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 -1.4 8.1 -2.5 -3.9 -15.5 -10.8 -7.8 0.7 -2.7 -6.7 -3.2 -13.9 -2.1 -8.7 -8.7 -2.8 -10.5 0.0 -0.8 -5.0 3.3 -3.1 3.7 4.1 8.1 10.7 3.7 18.5 18.7 11.9 15.3 5.4 7.7 9.6 9.6 2.7 -1.8 1.0 -10.5 11.8 -3.1 -17.0 -15.0 -13.5 -10.8 2.1 -12.0 -9.4 -2.0 -15.1 2.0 -7.5 -6.6 -2.3 -10.2 1.7 -1.1 -0.8 -0.6 -2.0 11.9 4.1 9.8 15.1 11.7 17.5 20.5 17.5 12.9 8.5 8.2 1.8 5.6 3.1 -0.3 0.9 -6.3 -3.0 -7.3 -12.3 -1.5 -7.0 -13.8 -1.5 -15.4 -9.0 0.0 -12.0 2.6 -8.2 -7.0 -7.4 0.0 0.0 -4.4 -4.7 -2.3 -2.3 5.0 6.3 8.9 13.0 5.0 15.9 19.7 11.6 15.9 7.8 4.8 9.5 7.8 4.9 1.6 0.0 0.0 6.9 3.8 -7.4 -14.3 -12.0 -13.2 6.6 -5.6 -8.8 -1.1 -9.5 3.5 -5.2 -4.2 -7.7 -8.5 4.4 4.4 -7.1 6.8 5.8 4.9 8.6 10.0 8.8 4.9 12.5 15.9 11.1 12.5 5.9 7.8 5.9 7.5 4.6 -3.0 1.5 -4.4 1.5 -4.4 -4.3 -9.5 -10.5 -13.8 -6.7 -6.3 -8.4 -2.4 -6.3 -1.3 -1.2 -2.4 -2.4 -2.4 5.0 -1.2 0.0 1.2 -1.2 17.9 9.3 12.5 19.1 17.9 11.9 14.3 9.7 6.3 8.1 0.0 1.6 1.6 1.6 5.0 3.4 -10.9 15.0 -4.6 -7.3 -15.2 -9.1 -13.7 -14.6 -16.4 -15.4 -8.9 2.1 5.8 -13.3 -12.5 -20.3 -29.7 -6.3 -21.0 -19.2 -5.1 -26.1 3.8 -1.4 -1.3 22.2 3.8 25.4 43.6 10.8 31.7 7.3 5.8 30.0 7.1 10.0 4.0 -18.0 2012 2011 2010 2009 2008 2007 2006 2005 2004 Mobile Residential Report Page 2 Quarterly Price Appreciation % Four-Quarter Price Appreciation (%) 2013 - Quarter One Year 2 2003 1 4 3 2 2002 1 4 3 2 2001 1 Qtr 10 9 8 7 6 5 4 3 2 1 4 - Qtr 4 - Qtr 4 - Qtr 4 - Qtr 4 - Qtr Avg Sales Avg Sales Conv Sales FHA Sales Median Sales Price * Price S.F. * Price S.F. * Price S.F. * Price * % % % % % 0.5 8.2 8.7 5.0 0.3 -1.8 0.7 -1.2 5.0 6.2 4.9 5.6 4.1 9.2 2.3 0.4 8.8 -0.4 2.6 3.5 1.6 1.7 3.3 1.6 1.6 0.0 3.4 3.3 1.6 7.1 0.0 1.6 3.1 3.1 1.5 0.0 3.2 1.6 3.1 6.7 4 - Qtr Cash Sales Price S.F. * % 5.1 7.0 1.7 3.5 7.3 1.8 9.3 5.6 3.8 7.7 1.8 -2.0 6.4 5.2 -11.3 -7.3 -14.5 -3.3 -1.6 0.0 * Figures represent 4-quarters or annual price appreciation calculated from the same quarter one year earlier. For example, the figure of 10.7% under Average Sales Price represents the % change between 2005 Q3 and 2006 Q3. All data supplied by the Mobile Multi-List, 251.479.8654. For further information please contact: Dr. Don Epley, Director Center for Real Estate and Economic Development E-mail: depley@southalabama.edu Phone: 251.460.6735 MLS Office: 251.479.8654 Analysis completed by: Michelle Pinochet, Senior Research Analyst Center for Real Estate and Economic Development 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. Mobile Residential Report Page 3 Quarterly Price Appreciation %