Mobile Residential Foreclosures Report
Center for Real Estate Studies
June 2012
Additional data and information may be found at http://cres.southalabama.edu.
This report provides a brief overview of the Mobile single-family residential foreclosure market.
Included are all recorded deeds entitled Foreclosure Deed, Deed in Lieu of Foreclosure, and Auctioneer’s Deed.
This report does not include residential lots or commercial property. Data is reported in the month of sale.
There were 66 foreclosure sales in Mobile County in April, 2012 compared to 113 in April, 2011, and 106 in
March, 2012. As a result, the total number of foreclosures decreased by 41.6 percent since April, 2011, and by 37.7
percent since March, 2012. For the month of April, approximately 66.7 percent of foreclosures occurred outside
Mobile city limits, with the highest number of foreclosures occurring in Theodore (36582). Within Mobile city
limits, Western Bay Shores (36605) had the highest number of foreclosures, accounting for 27.3 percent of all
foreclosures within city limits.
Below is a graph and table outlining the total number of foreclosures by month from January, 2010, through April,
2012.
Total Mobile Foreclosures
200
150
100
50
2010 Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2011 Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2012 Jan
Feb
Mar
Apr
0
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2010
158
128
190
163
172
127
131
126
152
110
110
93
2011
135
123
163
113
79
178
92
130
136
132
102
106
2012
129
91
106
66
-
-
-
-
-
-
-
-
The average sales price of foreclosures in Mobile County was $94,382 in April, 2012. Compared to April, 2011,
the average sales price increased by 2.61 percent and compared to March, 2012, the average sales price decreased
by 6.18 percent. Wilmer (36587) had an average sales price of $156,233, which was the highest average sales price
outside Mobile city limits. Mobile zipcode 36618 had the highest average sales price at $156,500.
Below is a graph and table of average sales price of foreclosures per month beginning in January, 2010, through
April, 2012.
Average Sales Price of Mobile
Foreclosures
$120,000
$110,000
$100,000
$90,000
2010 Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2011 Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2012 Jan
Feb
Mar
Apr
$80,000
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2010
111,797
104,345
111,837
101,801
100,869
104,002
106,137
110,134
109,534
114,771
92,000
105,249
2011
106,899
94,190
103,743
91,977
106,940
112,869
93,653
106,304
102,258
97,363
99,366
112,296
2012
102,503
93,587
100,598
94,382
-
-
-
-
-
-
-
-
Mobile Housing Units
According to the U.S. 2010 Census, the number of occupied housing units in Mobile County was 109,139,
representing 59.2 percent of all housing units. The percent of foreclosures relative to owner-occupied units was
0.0605 percent in April, 2012. This is a 41.6 percent decrease from April, 2011, and a 59.5 percent decrease from
April, 2010. Thus, as the number of owner-occupied units has been increasing, the percentage of foreclosures
relative to these units has been decreasing.
Below is a table showing the percentages of foreclosures relative to owner-occupied housing units in Mobile
County for each month beginning in January, 2010 through April, 2012.
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2010
.1448
.1173
.1741
.1494
.1576
.1164
.1200
.1154
.1393
.1008
.1008
.0852
2011
.1237
.1127
.1494
.1035
.0724
.1631
.0843
.1191
.1246
.1209
.0935
.0971
2012
.1182
.0834
.0971
.0605
-
-
-
-
-
-
-
-
For additional information, contact: Dr. Don Epley, Director, Center for Real Estate Studies, University of South Alabama,
Office: 251.460.6735, E-mail: depley@usouthal.edu. Data was gathered by Michelle Pinochet, Senior Research Analyst.
University of South Alabama 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 Area Association of REALTORS®
The Gulf Coast Multiple Listing Service, Inc.
http://www.mobilerealtor.com/
Mobile Foreclosures
Residential Housing Report
January 2012 - April 2012
This report is available on the Center for Real Estate Studies 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 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.
Notice to Reader:
This report on single-family foreclosures includes all recorded deeds entitled:
Foreclosure Deed
Deed in Lieu of Foreclosure
Auctioneers Deed
It does not include residential lots or commercial property. Data is reported in the month of sale.
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 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 County Total Foreclosures
January 2012 - April 2012
Month
Jan-12
Feb-12
Mar-12
Apr-12
Total Foreclosures
129
91
106
66
* Note Numbers may be low due to late deed recordings
Mobile County Total Foreclosures
(January 2012 - April 2012)
Total Foreclosures
140
Number of Foreclosures
120
100
80
60
40
20
0
Jan-12
Feb-12
Mar-12
Month
Source: USA Center for Real Estate Studies
Apr-12
Mobile City Limits Total Foreclosures
January 2012 - April 2012
Month
Jan-12
Feb-12
Mar-12
Apr-12
Total Foreclosures
68
54
54
22
Mobile City Limits Total Foreclosures
(January 2012 - April 2012)
80
70
Number of Foreclosures
60
50
40
Total Foreclosures
30
20
10
0
Jan-12
Feb-12
Mar-12
Month
Source: USA Center for Real Estate Studies
Apr-12
Mobile County Limits Total Foreclosures
January 2012 - April 2012
Month
Jan-12
Feb-12
Mar-12
Apr-12
Total Foreclosures
61
37
52
44
Foreclosure Report for Mobile County - January 2012
This data includes all recorded deeds entitled Foreclosure Deed, Deed in Lieu of Foreclosure, and Auctioneers Deed.
Zip
Code
36505
36509
36512
36521
36522
36523
36525
36528
36541
36544
36560
36568
36571
36572
36575
36582
36587
36590
36601
36602
36603
36604
36605
36606
36607
36608
36609
36610
36611
36612
36613
36615
36616
36617
36618
36619
36621
City
Axis
Bayou La Batre
Bucks
Chunchula
Citronelle
Coden
Creola
Dauphin Island
Grand Bay
Irvington
Mount Vernon
Saint Elmo
Saraland
Satsuma
Semmes
Theodore
Wilmer
Theodore
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Eight Mile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Foreclosure
Units
Deed
1
0
0
1
0
1
0
0
2
1
0
0
3
1
10
13
0
0
0
1
1
3
18
8
3
10
6
4
2
0
4
0
0
4
4
3
0
Deed In Lieu
Auctioneers
of
Deed
Foreclosure
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
1
2
1
0
0
1
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
1
0
1
0
0
0
0
0
0
0
0
Total
Average $
1
0
0
1
0
1
0
1
2
1
0
0
3
1
10
13
0
0
0
1
1
4
20
9
3
10
8
4
3
0
4
0
0
4
4
3
0
77,400
Median $
(*)
Average Median Average Median $
Sq. Ft. $ per Sq. per Sq. Ft.
Sq. Ft.
(a,*)
Ft. (a)
(a,*)
(a)
Average
Age of
Property
(b)
1,741
44
7
70,600
1,808
39
23
500
270,850
86,000
1,431
2,584
3,136
104
27
12
13
32
123,200
56,300
154,410
120,200
1,526
1,656
1,950
1,530
78
33
80
78
17
10
16
12
103,200
234,000
3,500
46,275
60,795
51,078
36,000
102,750
112,950
43,175
107,133
116,000
88,500
45,500
44,650
52,500
101,900
96,750
43,750
2,526
1,152
1,122
1,228
1,293
1,221
1,539
1,757
1,728
1,585
1,490
1,488
1,176
1,088
1,222
1,403
1,791
1,624
92
3
48
44
43
33
63
60
25
69
85
59
48
35
42
53
47
21
29
47
28
13
25
28
18
21
21
22
130,850
122,250
1,430
1,258
85
94
16
66,275
148,400
97,533
58,700
116,100
1,621
1,662
3,104
1,635
1,469
44
83
34
40
78
18
21
16
Zip
Code
36622
36625
36628
36630
36633
36640
36641
36644
36652
36660
36663
36670
36671
36675
36685
36688
36689
36690
36691
36693
36695
Count
City
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Foreclosure
Units
Deed
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4
13
121
Deed In Lieu
Auctioneers
of
Deed
Foreclosure
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
Total
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4
13
129
Average $
Median $
(*)
130,000
151,031
125,050
96,000
Average Median Average Median $
Sq. Ft. $ per Sq. per Sq. Ft.
Sq. Ft.
(a,*)
Ft. (a)
(a,*)
(a)
1,962
1,498
1,832
1,562
66
108
62
65
* A sample of at least 4 was required to calculate a median
a - Average St. Ft. and Average $ per Sq. Ft. data had to be present for at least 51% of the total sample to calculate an Average Sq. Ft. or Average $ per Sq. Ft. for any given zip code.
b - Average age of property data had to be present for at least 51% of the total sample to calculate an Average Age of the Property for any given zip code.
Example: (Zip Code 36695 has 6 total foreclosures in the sample, so there would need to be sq. ft. and $ per sq. ft. information available in REARS for 4 of the foreclosures)
For further information please contact:
Professor Don Epley, Director, Center for Real Estate Studies
E-mail: depley@usouthal.edu
Phone: 251.460.6735
Prepared by:
Michelle Pinochet, Researcher
Center for Real Estate Studies
Mitchell College of Business
Average
Age of
Property
(b)
20
11
Foreclosure Report for Mobile County - February 2012
This data includes all recorded deeds entitled Foreclosure Deed, Deed in Lieu of Foreclosure, and Auctioneers Deed.
Zip
Code
36505
36509
36512
36521
36522
36523
36525
36528
36541
36544
36560
36568
36571
36572
36575
36582
36587
36590
36601
36602
36603
36604
36605
36606
36607
36608
36609
36610
36611
36612
36613
36615
36616
36617
36618
36619
36621
City
Axis
Bayou La Batre
Bucks
Chunchula
Citronelle
Coden
Creola
Dauphin Island
Grand Bay
Irvington
Mount Vernon
Saint Elmo
Saraland
Satsuma
Semmes
Theodore
Wilmer
Theodore
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Eight Mile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Foreclosure
Units
Deed
0
1
0
1
1
0
2
0
1
2
0
0
3
0
6
1
1
0
0
0
0
3
7
13
2
5
3
3
0
0
0
0
0
2
8
4
0
Deed In Lieu
Auctioneers
of
Deed
Foreclosure
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
0
0
0
0
0
0
3
1
0
0
1
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
1
0
0
0
1
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
Total
0
1
0
1
1
0
2
0
1
2
0
0
3
0
7
4
2
0
0
0
1
3
10
15
2
5
4
3
0
0
0
0
0
3
8
4
0
Average $
Median $
(*)
Average Median Average Median $
Sq. Ft. $ per Sq. per Sq. Ft.
Sq. Ft.
(a,*)
Ft. (a)
(a,*)
(a)
Average
Age of
Property
(b)
108,400
3,837
28
28
17,500
31,200
1,222
1,482
14
21
14
22
112,650
2,072
65
19
128,400
82,150
2,409
1,150
53
70
20
7
154,200
1,782
87
13
74,471
172,275
150,350
87,300
180,433
54,920
60,120
129,550
80,960
76,925
55,733
20,633
83,700
155,800
89,800
149,500
46,450
58,400
77,400
72,450
66,600
90,100
1,436
1,628
2,035
1,155
2,590
1,211
1,151
1,750
1,356
1,530
1,465
1,235
1,686
1,820
1,438
1,796
1,106
1,025
1,161
1,612
1,591
1,760
63
98
76
75
62
60
57
56
68
51
34
26
48
79
62
98
50
51
61
58
47
66
13
12
8
37
27
23
25
27
24
21
24
19
23
19
Zip
Code
36622
36625
36628
36630
36633
36640
36641
36644
36652
36660
36663
36670
36671
36675
36685
36688
36689
36690
36691
36693
36695
Count
City
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Foreclosure
Units
Deed
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
6
78
Deed In Lieu
Auctioneers
of
Deed
Foreclosure
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5
Total
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
6
91
Average $
154,867
138,317
Median $
(*)
132,100
Average Median Average Median $
Sq. Ft. $ per Sq. per Sq. Ft.
Sq. Ft.
(a,*)
Ft. (a)
(a,*)
(a)
1,933
1,904
1,929
82
75
76
* A sample of at least 4 was required to calculate a median
a - Average St. Ft. and Average $ per Sq. Ft. data had to be present for at least 51% of the total sample to calculate an Average Sq. Ft. or Average $ per Sq. Ft. for any given zip code.
b - Average age of property data had to be present for at least 51% of the total sample to calculate an Average Age of the Property for any given zip code.
Example: (Zip Code 36695 has 6 total foreclosures in the sample, so there would need to be sq. ft. and $ per sq. ft. information available in REARS for 4 of the foreclosures)
For further information please contact:
Professor Don Epley, Director, Center for Real Estate Studies
E-mail: depley@usouthal.edu
Phone: 251.460.6735
Prepared by:
Michelle Pinochet, Researcher
Center for Real Estate Studies
Mitchell College of Business
Average
Age of
Property
(b)
26
23
Foreclosure Report for Mobile County - March 2012
This data includes all recorded deeds entitled Foreclosure Deed, Deed in Lieu of Foreclosure, and Auctioneers Deed.
Zip
Code
36505
36509
36512
36521
36522
36523
36525
36528
36541
36544
36560
36568
36571
36572
36575
36582
36587
36590
36601
36602
36603
36604
36605
36606
36607
36608
36609
36610
36611
36612
36613
36615
36616
36617
36618
36619
36621
City
Axis
Bayou La Batre
Bucks
Chunchula
Citronelle
Coden
Creola
Dauphin Island
Grand Bay
Irvington
Mount Vernon
Saint Elmo
Saraland
Satsuma
Semmes
Theodore
Wilmer
Theodore
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Eight Mile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Foreclosure
Units
Deed
2
0
0
2
0
0
1
0
3
1
0
0
7
1
3
3
2
0
0
0
0
5
4
7
1
7
5
2
4
0
3
0
0
1
9
2
0
Deed In Lieu
Auctioneers
of
Deed
Foreclosure
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
1
0
0
0
0
0
0
1
0
0
1
2
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
2
0
0
0
0
0
0
0
0
0
0
0
0
0
2
0
0
0
0
0
0
0
0
0
0
Median $
(*)
Average Median Average Median $
Sq. Ft. $ per Sq. per Sq. Ft.
Sq. Ft.
(a,*)
Ft. (a)
(a,*)
(a)
Average
Age of
Property
(b)
Total
Average $
2
0
0
3
0
0
1
0
3
2
0
0
9
1
3
4
2
0
0
0
0
5
5
7
1
8
9
2
4
0
3
0
0
1
9
2
0
62,500
1,257
50
15
186,067
2,212
81
7
241,000
2,514
95
3
30,333
45,700
1,225
1,979
24
43
24
16
113,611
92,100
106,133
111,200
166,050
46,380
46,980
49,771
109,100
169,200
89,589
27,500
47,750
80,300
108,050
25,000
29,100
51,000
123,850
72,800
49,100
49,633
51,400
111,133
99,350
1,859
1,490
1,821
1,641
2,138
1,751
1,335
1,453
1,297
1,661
2,185
1,582
1,137
1,146
1,289
1,484
1,400
1,634
1,696
1,250
1,197
1,651
84,200
1,575
1,699
1,155
54
61
63
96
74
48
33
38
37
65
85
68
21
42
22
36
37
86
81
64
48
24
1,472
32
64
84
22
22
20
19
6
25
26
25
26
19
21
29
20
16
59
20
16
20
Zip
Code
36622
36625
36628
36630
36633
36640
36641
36644
36652
36660
36663
36670
36671
36675
36685
36688
36689
36690
36691
36693
36695
Count
City
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Foreclosure
Units
Deed
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8
9
92
Deed In Lieu
Auctioneers
of
Deed
Foreclosure
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
2
8
Total
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9
11
106
Average $
Median $
(*)
99,144
156,836
106,000
121,500
Average Median Average Median $
Sq. Ft. $ per Sq. per Sq. Ft.
Sq. Ft.
(a,*)
Ft. (a)
(a,*)
(a)
1,712
2,090
1,624
1,901
61
75
60
70
* A sample of at least 4 was required to calculate a median
a - Average St. Ft. and Average $ per Sq. Ft. data had to be present for at least 51% of the total sample to calculate an Average Sq. Ft. or Average $ per Sq. Ft. for any given zip code.
b - Average age of property data had to be present for at least 51% of the total sample to calculate an Average Age of the Property for any given zip code.
Example: (Zip Code 36695 has 6 total foreclosures in the sample, so there would need to be sq. ft. and $ per sq. ft. information available in REARS for 4 of the foreclosures)
For further information please contact:
Professor Don Epley, Director, Center for Real Estate Studies
E-mail: depley@usouthal.edu
Phone: 251.460.6735
Prepared by:
Michelle Pinochet, Researcher
Center for Real Estate Studies
Mitchell College of Business
Average
Age of
Property
(b)
19
12
Foreclosure Report for Mobile County - April 2012
This data includes all recorded deeds entitled Foreclosure Deed, Deed in Lieu of Foreclosure, and Auctioneers Deed.
Zip
Code
36505
36509
36512
36521
36522
36523
36525
36528
36541
36544
36560
36568
36571
36572
36575
36582
36587
36590
36601
36602
36603
36604
36605
36606
36607
36608
36609
36610
36611
36612
36613
36615
36616
36617
36618
36619
36621
City
Axis
Bayou La Batre
Bucks
Chunchula
Citronelle
Coden
Creola
Dauphin Island
Grand Bay
Irvington
Mount Vernon
Saint Elmo
Saraland
Satsuma
Semmes
Theodore
Wilmer
Theodore
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Eight Mile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Foreclosure
Units
Deed
0
0
0
0
0
0
0
0
4
3
0
0
4
0
5
6
3
0
0
1
0
0
5
2
1
2
3
3
4
0
1
0
0
0
3
1
0
Deed In Lieu
Auctioneers
of
Deed
Foreclosure
0
0
0
0
0
0
0
0
1
0
0
0
0
0
1
1
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
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
1
0
0
2
1
0
0
0
0
0
0
1
0
0
0
Total
0
0
0
0
1
0
0
0
5
3
0
0
4
0
6
8
3
0
0
1
0
0
6
2
1
4
4
3
4
0
1
0
0
1
3
1
0
Average $
Median $
(*)
96,300
Average Median Average Median $
Sq. Ft. $ per Sq. per Sq. Ft.
Sq. Ft.
(a,*)
Ft. (a)
(a,*)
(a)
1,595
60
Average
Age of
Property
(b)
10
79,900
98,400
65,700
2,181
1,307
1,458
66
74
58
19
11
126,900
134,150
2,179
2,313
59
66
21
102,883
102,088
156,233
119,850
95,250
1,623
2,060
1,745
1,555
1,700
85
53
86
87
56
16
19
9
38,700
75,400
63,950
68,400
73,900
127,900
22,133
61,375
1,598
75,500
70,700
147,800
58,450
1,221
1,806
702
1,468
1,800
912
1,370
24
1,223
1,324
1,573
1,281
61
33
97
60
73
24
45
28
70
58
62
44
18
26
23
23
19
34
21
92,000
1,849
49
25
30,300
156,500
81,200
1,051
1,969
1,036
75
78
26
10
14
Zip
Code
36622
36625
36628
36630
36633
36640
36641
36644
36652
36660
36663
36670
36671
36675
36685
36688
36689
36690
36691
36693
36695
Count
City
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Foreclosure
Units
Deed
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5
56
Deed In Lieu
Auctioneers
of
Deed
Foreclosure
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7
Total
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5
66
Average $
Median $
(*)
109,680
104,400
Average Median Average Median $
Sq. Ft. $ per Sq. per Sq. Ft.
Sq. Ft.
(a,*)
Ft. (a)
(a,*)
(a)
1,807
1,892
61
62
* A sample of at least 4 was required to calculate a median
a - Average St. Ft. and Average $ per Sq. Ft. data had to be present for at least 51% of the total sample to calculate an Average Sq. Ft. or Average $ per Sq. Ft. for any given zip code.
b - Average age of property data had to be present for at least 51% of the total sample to calculate an Average Age of the Property for any given zip code.
Example: (Zip Code 36695 has 6 total foreclosures in the sample, so there would need to be sq. ft. and $ per sq. ft. information available in REARS for 4 of the foreclosures)
For further information please contact:
Professor Don Epley, Director, Center for Real Estate Studies
E-mail: depley@usouthal.edu
Phone: 251.460.6735
Prepared by:
Michelle Pinochet, Researcher
Center for Real Estate Studies
Mitchell College of Business
Average
Age of
Property
(b)
15