Mobile Area Association of Realtors 2827 Airport, Mobile, AL 36606 Telephone: 251.479.8654 Website: www.mobilerealtor.com Mobile Residential Reports Overall Price Trends 2000- Current 2012 - Quarter Four 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 Overall Price Trends Mobile MSA (City + County) Quarterly and Annual Overall Price Trends 2000 - Current 2012 - Quarter Four Year / Quarter Avg Sale Price Annual 2012 4 3 2 2012 1 Annual 2011 4 3 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 120,933 126,305 128,079 129,246 116,838 122,007 114,411 118,498 132,580 121,642 136,515 135,472 132,871 143,871 120,773 143064 139261 142,436 148,609 140,309 153,000 142,257 156,047 162,801 144,326 158,522 158,914 155,979 164,072 155,123 155,895 158,340 160,934 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 Annual 2006 4 3 Mobile Residential Report Median Avg Sales Conv Sales FHA Sales Sale Price Price S.F. Price S.F. Price S.F. 95,000 100,000 111,700 109,950 90,700 104,500 93,500 99,900 113,500 109,250 119,930 110,000 115,500 127,243 107,000 127000 125000 127,500 129,800 126,000 133,850 122,500 137,900 138,975 129,000 135,603 136,705 135,247 140,458 130,000 132,200 137,500 138,000 59 60 64 64 57 67 65 66 69 65 70 66 71 80 66 78 78 78 80 75 83 76 85 86 81 87 88 85 90 85 84 86 87 Page - 2 77 78 78 82 75 76 72 73 79 81 85 84 83 91 76 90 89 91 92 84 93 86 96 96 91 92 94 92 92 88 85 88 87 65 66 69 66 67 69 67 68 69 70 77 74 76 80 75 81 79 83 82 80 83 80 84 84 82 82 82 80 85 82 79 81 81 Cash Sales Price S.F. 39 41 46 42 38 41 39 40 44 41 48 46 44 51 48 53 55 52 56 47 59 52 60 64 59 73 74 65 81 73 81 78 88 Overall Price Trends Year / Quarter Avg Sale Price 2 2006 1 Annual 2005 4 3 2 2005 1 Annual 2004 4 3 2 2004 1 Annual 2003 4 3 2 2003 1 Annual 2002 4 3 2 2002 1 Annual 2001 4 3 2 2001 1 Annual 2000 4 3 2 2000 1 154,508 148,972 142,765 146,521 145,377 149,019 125,745 125,913 123,453 129,874 129,198 119,343 116,931 114,619 118,540 117,916 116,171 114,961 116,733 117,411 117,299 107,393 111,632 107,427 111,792 116,956 109,359 109,511 106,722 113,136 111,350 102,986 Median Avg Sales Conv Sales FHA Sales Sale Price Price S.F. Price S.F. Price S.F. 132,000 124,900 118,650 125,250 119,900 118,000 106,300 102,000 103,900 102,000 104,500 97,988 98,000 96,000 100,175 99,000 95,000 95,000 96,300 99,300 94,388 90,000 91,000 92,500 90,900 92,300 89,600 89,500 85,000 91,300 90,000 86,550 For further information please contact: Professor Donald Epley, Director, Center for Real Estate Studies E-mail: depley@usouthal.edu Phone: 251.460.6735 or MLS Office: 251.479.8654 84 80 77 79 77 80 69 67 66 69 69 64 63 63 63 64 61 62 62 63 63 60 61 60 62 62 60 59 58 60 61 56 85 81 79 80 80 81 72 71 69 72 72 68 66 64 68 67 65 66 66 67 67 64 65 64 65 66 64 63 62 64 64 60 Analysis completed by: 79 75 68 72 68 67 67 63 63 62 63 62 62 63 61 62 61 59 60 59 59 57 57 59 57 55 56 53 54 54 53 52 Cash Sales Price S.F. 82 74 73 79 72 79 59 59 55 65 60 55 52 52 50 56 50 54 50 61 55 51 56 47 58 62 55 59 55 60 63 55 Meredith McCutchen, Senior Research Analyst Center for Real Estate Studies USA Mitchell College of Business Data Supplied by: Mobile Area Multi-List Sales price may include closing costs 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 - 3 Overall Price Trends