CENTER FOR REAL ESTATE STUDIES Mobile Residential Report: Four-Quarter Price Appreciation % by Zone 2007 - Current 2012 - 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/ The data was assembled by Susan Grimsley, Research Associate 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 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 Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % Mobile Metro Area 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 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 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -3.95 -10.63 -15.55 -10.82 -7.79 0.72 -4.58 -2.72 -6.72 -3.25 -13.92 -6.49 -2.11 -8.72 -8.72 -2.78 -3.68 -10.45 -0.02 -0.76 -4.95 2.03 3.30 -3.08 3.70 4.10 -16.98 -12.87 -15.00 -13.51 -10.80 2.10 -5.57 -12.00 -9.41 -1.97 -15.08 -5.12 2.04 -7.54 -6.60 -2.33 -1.33 -10.22 1.70 -1.06 -0.77 2.67 -0.57 -1.99 11.90 4.10 108 110 105 114 108 113 98 110 101 94 88 84 82 82 85 89 85 78 83 88 89 66 70 64 65 66 834 3391 812 917 916 738 3305 699 776 1,069 629 3,472 863 996 900 698 4,118 778 1,083 1,256 955 5,096 1,101 1,351 1,966 1,149 2012 1 Annual 2011 4 3 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 -27.37 28.60 -36.36 162.13 95.85 39.23 -10.47 -7.50 -30.46 -29.03 1.18 -30.03 0.04 -37.97 -37.37 -52.46 -45.66 26.48 -56.60 1308.33 107.23 165.00 -24.71 11.90 -86.52 42.22 -51.92 -36.33 64.32 -38.45 -72.67 -69.39 116 129 169 233 91 94 98 147 48 47 92 113 180 55 29 252 5 24 4 4 8 8 19 7 5 1 6 27 5 11 5 5 01- Downtown Mobile Residential Report Page - 2 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -3.55 -10.65 15.09 -12.72 -30.01 -11.12 3.94 -13.97 -0.66 65.71 0.56 -61.96 28.53 -28.63 -73.80 -14.63 11.77 9.76 15.70 12.72 85 37 107 76 131 77 79 92 70 112 40 9 7 15 9 52 20 11 13 4 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 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -45.25 28.38 31.78 -16.22 181.18 0.85 -40.94 -41.25 -54.11 -73.90 113.44 0.67 -4.34 5.15 7.46 -26.91 4.75 1.61 8.00 13.36 -21.88 -3.67 -7.25 -11.13 15.92 12.16 -45.13 2.50 6.14 -62.07 242.68 -35.43 -50.91 -27.13 -60.53 -80.10 100.00 7.02 5.17 41.58 -7.28 5.48 -13.17 -0.27 21.38 -9.27 -9.86 -13.81 -0.14 8.22 25.00 97 101 101 119 95 88 101 89 91 66 179 93 85 120 96 32 68 46 57 91 63 54 60 64 55 64 9 40 10 9 15 6 26 8 7 6 5 37 11 12 10 2 51 13 10 20 7 62 19 14 13 16 2012 1 Annual 2011 4 3 2 2011 1 31.52 -31.30 -66.15 -22.16 -27.19 -24.09 -7.77 -33.79 -67.01 -20.60 -34.60 0.84 105 110 69 126 94 125 32 132 8 44 32 34 02- MidTown South 03- Midtown East Mobile Residential Report Page - 3 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 1.90 8.91 1.40 1.21 -15.20 -9.41 -9.96 -18.92 -11.33 10.59 8.90 7.35 9.08 7.45 6.75 0.68 2.42 2.14 6.31 -10.86 -0.07 -7.01 -16.67 16.21 -20.18 -8.81 8.08 -11.22 -16.88 13.57 9.67 -11.56 11.18 11.33 13.34 0.67 2.40 7.04 2.49 6.07 105 122 88 105 95 77 66 85 85 68 77 72 86 82 69 67 70 80 55 64 143 34 23 55 30 157 37 45 36 40 199 34 54 64 43 294 59 75 96 62 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 4 3 2 2008 1 Annual 2007 4 3 -30.80 -17.93 -1.84 -24.84 -30.1 -6.36 -24.74 -39.56 -10.66 -21.33 -27.59 -7.84 10.62 -32.63 -8.27 14.11 -19.14 -16.78 -10.17 -19.25 -29.63 0.80 -9.76 -3.28 -41.93 -14.23 5.50 -16.76 -10.34 -6.00 -31.58 -55.35 -14.72 -41.41 -25.00 -13.93 7.09 -41.66 5.32 8.40 -31.97 -18.32 -14.58 -36.49 -36.05 7.50 1.04 -7.69 66 87 107 73 63 111 79 75 84 75 82 75 71 52 100 81 81 85 79 88 84 56 62 62 34 104 23 32 24 24 127 23 38 29 36 115 23 33 24 35 187 41 54 45 39 203 44 57 04- Dauphin Island Parkway - North Mobile Residential Report Page - 4 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 2 2007 1 8.12 7.00 9.62 7.71 50 51 52 50 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 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -32.15 -34.60 -19.80 -9.01 -49.49 -22.82 2.42 -16.50 -24.36 28.95 -4.57 -9.70 -14.67 -7.30 -7.06 -15.54 8.71 42.27 -10.93 -10.93 9.38 9.57 -1.56 -31.17 -18.22 34.28 -42.86 -46.82 -54.78 -18.60 -48.39 -33.33 21.08 44.33 -24.07 5.06 31.25 -12.54 -28.22 -0.06 -14.15 -13.98 3.15 23.33 -12.39 -12.39 7.78 5.88 0.00 -59.35 -19.36 46.39 109 95 163 77 78 76 81 85 102 83 71 78 104 50 53 97 67 71 64 71 65 47 48 62 59 40 17 84 17 34 16 17 74 13 14 22 23 91 24 20 22 25 124 29 37 30 27 127 35 20 16 17 2012 1 Annual 2011 4 3 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 -20.46 -28.78 -13.97 -29.83 -47.45 -28.64 -27.37 -29.75 -34.59 -23.50 -31.40 14.72 -0.96 29.93 0.80 -11.96 -17.86 66.00 -18.13 -24.24 8.67 -37.78 -62.41 -42.68 -25.14 -41.21 25.00 5.28 62.86 0.00 76 61 37 67 65 76 75 105 46 38 113 78 57 69 88 20 51 11 18 7 14 59 14 10 17 16 63 13 14 22 07- MidTown West 09- MidCentral Mobile Residential Report Page - 5 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 28.68 -14.97 -21.10 -4.83 -10.34 -13.43 -15.99 -16.98 -31.17 -18.22 34.28 -0.69 -20.00 -36.83 -5.56 -22.22 -1.43 -13.39 83.70 -59.35 -19.36 46.39 92 72 34 96 83 72 58 57 62 59 40 14 85 17 17 24 26 50 26 20 16 17 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 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 57.58 -19.41 26.79 -50.90 6.23 -26.12 -7.75 -54.42 24.31 -12.69 -8.72 -15.23 73.49 -38.77 -6.32 -36.80 -17.36 -13.24 11.68 -27.84 -1.40 -2.39 30.67 46.65 -19.99 -9.65 167.56 -37.14 -48.96 -59.61 60.98 -60.54 -14.53 -44.19 97.28 -49.94 10.35 -37.00 100.00 -61.89 -48.78 -52.31 -9.72 -10.22 9.33 -8.10 -16.87 -1.02 44.95 50.05 -19.58 1.53 223 73 83 69 59 85 88 92 88 81 95 73 95 76 73 60 86 62 90 102 48 56 48 44 51 88 15 73 16 17 22 18 51 9 18 13 11 56 8 16 15 17 51 17 13 10 14 57 14 28 24 24 2012 1 Annual 2011 4 3 2 2011 1 21.24 -20.61 -35.06 -12.47 -31.95 1.47 8.55 -22.95 -16.86 -23.03 -50.43 16.40 136 94 78 102 74 126 20 84 15 23 27 19 10- Eight Mile/Prichard 11- Chickasaw Mobile Residential Report Page - 6 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -11.37 -29.71 -10.34 35.71 -26.43 -18.15 -5.14 -23.03 -38.96 -10.00 -1.72 -8.90 1.33 12.88 -15.13 -0.18 8.47 -7.17 -15.30 21.43 -35.00 -55.97 -10.30 77.27 -47.50 -18.92 7.58 -36.27 -58.44 -13.61 -5.13 -13.06 -4.15 7.24 -15.13 8.83 12.15 -1.81 7.39 19.17 81 120 78 56 75 74 102 72 51 61 70 58 84 52 89 61 60 61 44 84 72 18 18 17 18 66 17 24 12 13 89 25 13 22 28 114 29 25 34 25 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 4 3 2 2008 1 Annual 2007 4 -23.34 -23.93 -13.28 -17.79 -39.13 -3.87 -13.14 -33.47 -16.75 4.52 -21.40 -3.73 14.52 -10.88 -10.01 -1.17 -10.34 -18.40 -3.73 -8.26 -14.39 -3.30 -7.00 -19.85 -32.35 -22.06 -13.57 -44.18 -10.67 -10.05 -28.42 -21.49 -3.60 -14.68 -2.58 11.76 -19.42 -3.43 -7.72 -11.78 -19.05 -5.14 -8.03 -17.10 3.73 6.33 72 82 83 85 70 86 87 88 65 116 64 63 76 58 48 72 77 72 71 76 87 59 72 48 212 55 53 55 48 155 31 34 56 34 212 50 60 51 50 267 44 62 83 74 298 67 14- Municipal Park / West Ctrl Mobile Residential Report Page - 7 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 3 2 2007 1 -9.09 -5.81 5.34 -6.60 4.88 14.72 59 62 51 83 78 79 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 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -1.07 -8.30 -30.25 -26.14 15.56 9.49 12.14 70.45 19.79 -5.51 -6.35 -7.55 -26.40 14.43 -12.59 12.41 -4.58 -11.20 -13.02 10.15 -24.43 10.18 30.22 -17.25 14.90 18.81 0.31 -2.98 0.97 -19.76 -16.16 10.76 5.99 35.14 51.96 17.86 -27.64 -6.71 -33.53 -21.34 -4.63 22.84 -0.06 -1.71 0.94 -13.65 7.28 17.45 29.73 -5.18 31.60 -0.67 132 147 145 158 153 126 140 173 144 127 139 94 73 90 110 105 85 124 67 95 66 73 75 78 75 72 39 172 50 46 41 35 135 27 28 53 22 183 50 48 48 36 194 31 49 60 50 253 47 72 72 59 2012 1 Annual 2011 4 3 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 -17.15 -3.59 -3.39 -0.70 -3.54 -3.36 -12.46 -21.84 -8.18 -5.22 -15.97 -2.85 3.61 -12.48 -23.17 -6.74 15.44 -4.52 -4.71 -9.28 -7.95 -29.13 -13.90 2.39 -6.05 -2.73 -7.09 -4.15 102 117 128 132 92 121 88 82 112 85 75 81 82 91 53 214 48 52 58 55 230 50 48 90 40 256 61 73 15- Springhill/USA 16- Cottage Hill North Mobile Residential Report Page - 8 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -5.26 1.38 -9.60 -23.23 -20.66 -4.00 -11.67 7.75 21.07 -0.33 2.49 16.20 -4.36 -7.87 -4.67 -10.84 11.55 -3.62 16.44 5.19 18.78 -11.51 13.60 -8.85 79 72 82 75 89 87 72 68 67 57 72 80 64 55 306 57 82 101 64 408 97 94 119 86 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 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -16.39 -2.34 8.17 -7.54 -12.34 4.54 -12.98 -17.92 -3.23 -20.70 -6.48 -15.34 -18.60 -17.27 -10.85 -17.52 1.23 2.37 3.31 5.04 -8.43 13.69 20.63 4.56 -2.65 27.08 -22.67 -7.98 -7.70 -13.03 -12.70 -4.22 -8.04 -8.08 -1.05 -15.00 -5.63 -4.67 -3.30 -4.33 5.30 -7.19 -6.25 -6.22 -8.26 -8.53 -4.31 8.14 2.59 9.69 4.23 15.40 119 117 115 123 102 127 84 107 77 86 72 83 83 90 74 90 82 61 74 86 95 62 73 56 55 69 52 186 48 46 42 50 178 36 47 40 51 207 46 58 66 37 242 39 57 81 63 275 48 65 85 81 2012 1 Annual 2011 4 3 2 2011 1 2.35 -10.07 -20.26 -7.14 -8.46 1.68 -10.57 -13.49 -21.47 -14.44 -9.68 7.14 96 115 100 117 127 113 85 346 90 96 85 75 17- Cottage Hill South 18- West Mobile Mobile Residential Report Page - 9 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -1.84 4.85 -1.56 6.31 -20.09 -6.44 -2.89 -5.16 -17.04 9.79 2.82 -10.42 3.08 6.88 3.40 -2.02 -3.06 8.74 2.68 -8.50 0.91 0.24 8.21 3.40 -19.08 -0.97 7.46 -10.49 -11.30 14.57 -4.32 -18.16 -1.82 5.96 -5.71 3.51 -2.06 10.24 -0.38 2.28 106 135 90 90 102 95 108 92 92 92 81 80 73 92 77 64 80 61 61 72 329 68 87 105 54 349 82 121 84 59 454 76 117 158 99 587 120 88 80 71 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 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 5.16 -20.11 -13.78 -1.35 -27.87 6.43 -12.60 -34.14 -22.12 39.35 -43.11 2.46 15.91 4.32 -31.53 23.50 7.81 3.98 -1.73 7.31 21.20 4.57 -6.44 8.74 2.68 -8.50 -19.18 -23.72 -6.81 6.51 -34.29 18.78 -3.36 -42.84 -21.76 37.25 -35.71 -3.25 31.84 -12.50 -22.14 7.69 2.12 -11.36 -4.25 2.65 30.00 6.31 2.49 10.24 -0.38 2.28 108 114 93 116 149 94 91 103 108 83 53 67 47 60 80 87 90 93 91 85 94 53 57 61 61 72 35 146 37 39 39 31 155 39 24 50 25 139 42 43 26 25 19- Tillman's Corner Mobile Residential Report Page - 10 140 29 40 40 29 162 32 88 80 71 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 20- Western Bay Shores 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 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 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 33.76 5.43 -55.22 113.12 6.82 15.09 15.76 136.90 -23.90 -6.84 23.15 -7.49 -25.22 1.18 -7.26 -22.77 -8.56 -14.34 7.37 -16.41 -25.30 15.97 27.47 -12.33 62.01 15.19 2.52 -12.55 -70.00 104.10 -32.24 72.13 -15.58 69.88 -51.20 -10.00 30.77 10.40 9.09 13.64 -2.94 -56.12 -9.39 -52.02 10.55 5.26 5.80 13.64 81.04 3.59 38.09 15.25 92 135 60 185 142 123 107 92 132 107 85 96 89 81 137 65 117 89 83 146 186 88 63 83 82 130 21 80 15 23 28 14 95 22 25 28 17 71 10 24 22 13 86 16 30 26 10 129 19 46 36 23 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 4 3 -9.24 -38.17 -57.36 -27.95 -32.8 -23.46 9.57 64.34 31.84 -22.00 0.57 -26.51 -13.65 -47.38 -4.04 -38.39 -22.82 -48.95 -8.38 -20.89 -33.33 -65.85 -38.11 -22.11 -9.71 12.50 118.85 29.80 13.77 -12.50 -41.61 -39.95 -26.70 -49.32 -44.44 -14.27 -20.89 -35.62 125 99 87 108 104 99 112 101 94 137 106 83 71 70 81 111 95 82 98 31 121 38 32 29 22 87 21 19 28 19 106 25 24 30 26 106 19 32 21- Dauphin Island Parkway - South Mobile Residential Report Page - 11 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 2 2008 1 Annual 2007 4 3 2 2007 1 4.27 -2.33 7.46 39.33 12.45 -7.97 17.82 0.87 -13.25 3.06 3.89 -7.94 6.42 10.67 89 109 78 75 68 89 81 29 29 150 30 43 47 35 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 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -26.46 -11.57 15.39 -20.10 -19.57 -9.61 -13.91 -32.05 -9.70 -13.70 -10.76 5.98 9.08 15.36 3.32 7.75 -13.87 -19.55 -21.43 -6.13 -10.68 0.26 5.19 15.53 -1.15 -16.50 -35.45 -19.05 -4.37 -21.05 -24.20 -19.09 -11.21 -15.94 -20.17 -11.65 -1.79 -1.75 -8.41 6.49 -5.00 -2.01 -4.68 -6.77 -10.60 0.79 -3.54 4.96 5.12 12.36 2.70 3.72 74 81 76 80 103 68 80 104 96 69 60 80 78 73 67 107 78 92 74 74 74 55 64 56 52 50 50 193 52 59 45 37 196 39 49 68 29 187 58 51 40 39 212 49 52 61 48 243 46 74 64 59 2012 1 Annual 2011 4 3 2 2011 1 Annual 2010 4 3 2 2010 1 32.45 -10.18 -15.60 15.71 -12.9 -19.79 3.62 -7.21 -9.25 12.64 6.00 3.02 -15.59 -8.10 39.51 -43.20 -13.33 -13.65 -20.43 -8.48 25.46 -20.00 149 82 73 94 81 71 80 52 105 78 100 19 66 14 19 18 16 66 14 15 24 13 22- S Mobile County / Theodore 23- Grand Bay North Mobile Residential Report Page - 12 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -3.19 12.04 -20.31 11.53 -11.12 -19.40 -5.41 7.23 -28.19 -31.43 4.54 -24.21 -12.87 18.72 27.26 4.84 49.04 -27.74 1.85 4.45 -23.07 -34.62 8.46 -24.45 -39.42 1.04 -20.65 -10.49 5.12 22.00 76 100 67 61 97 79 88 71 89 59 55 60 63 37 73 68 16 18 22 14 70 12 19 25 14 134 28 15 52 39 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 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -2.29 -8.80 -11.87 -16.13 0.61 -5.67 -0.70 6.65 0.39 -7.20 -6.59 -8.31 -8.16 -12.02 -4.65 -9.31 -4.63 -12.88 -8.53 1.78 2.05 8.36 3.60 14.01 7.36 11.14 -3.98 -7.35 4.47 -8.98 -5.94 4.75 -1.32 -2.16 -5.34 -3.95 -16.92 -6.37 -10.32 -8.49 -7.79 -1.83 -1.58 -7.07 -3.93 6.70 -0.58 8.89 6.32 16.44 5.95 15.02 110 145 125 144 132 189 108 101 114 90 129 85 59 87 100 103 97 91 81 96 102 64 68 66 65 59 68 286 61 73 93 57 288 60 67 101 34 290 79 80 81 50 359 48 125 124 80 501 120 130 149 103 2012 1 Annual 2011 4 -9.21 -10.65 3.64 -9.21 -10.49 0.08 112 113 123 59 246 55 24- West Mobile County 25- Semmes Mobile Residential Report Page - 13 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 3 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -17.90 -9.47 11.2 -3.57 -9.93 2.69 0.07 -32.28 -6.89 -21.41 -7.60 1.26 18.99 11.98 21.93 2.16 2.75 7.36 1.74 5.13 6.11 12.00 26.33 -21.54 -7.04 25.91 -0.87 -9.79 5.36 2.38 -37.61 -4.19 -25.39 -9.01 -1.28 21.65 12.68 35.06 7.71 9.69 13.96 5.28 11.00 4.59 6.15 25.39 115 112 104 104 133 121 100 66 90 92 80 97 94 66 56 61 80 80 68 79 63 64 77 64 79 45 272 47 58 105 31 273 67 77 69 59 290 60 66 73 70 268 52 74 85 63 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 4 3 2 2008 1 -6.01 -12.91 -12.61 -10.25 -27.42 41.19 -7.46 -13.31 -11.05 6.79 -36.52 -6.01 5.36 -11.72 -7.88 -4.35 -3.16 -10.26 3.47 -6.96 3.91 4.52 -0.99 4.72 -1.74 -16.81 101.61 -7.42 -4.16 -7.86 -4.08 -51.30 -11.12 -9.05 -11.64 -11.86 -9.70 1.03 -10.00 -4.45 5.92 3.80 112 94 94 86 83 108 99 98 102 100 84 77 80 96 67 69 89 67 81 83 123 39 173 43 32 47 51 157 35 37 55 21 201 49 46 68 37 212 45 53 62 49 26- Semmes / Wilmer Lott Rd Mobile Residential Report Page - 14 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold Annual 2007 4 3 2 2007 1 -1.49 -14.60 0.90 -0.20 -30.96 2.72 -4.93 10.39 0.43 -20.11 80 92 84 78 72 245 49 68 69 39 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 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -3.46 2.16 -22.63 -11.11 38.42 2.65 -6.46 -11.03 -5.17 -27.00 -4.57 -0.29 -4.16 -7.50 13.08 2.09 -6.86 -9.26 -13.40 -7.04 0.50 8.09 5.26 9.49 5.79 -4.12 -4.07 2.64 -10.99 -14.00 31.03 -0.84 -3.00 12.83 0.00 -15.40 -1.88 1.71 -3.72 4.34 -1.59 3.16 -8.90 -10.37 -9.24 -5.65 -6.79 8.40 10.29 2.96 -4.55 14.26 104 105 76 122 101 114 101 98 116 94 96 95 98 92 107 90 83 66 99 89 80 61 67 71 52 55 37 146 27 44 45 30 148 36 35 35 39 117 32 38 34 15 120 29 29 33 27 133 33 35 36 46 2012 1 Annual 2011 4 3 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 -23.26 0.03 0.37 -10.09 2.56 21.54 -7.17 3.17 -10.20 1.04 -22.79 -8.05 -12.82 -22.06 -4.91 -16.67 -10.29 8.42 22.60 1.49 17.80 -2.79 0.78 -6.72 -9.40 -9.32 100 102 93 88 122 107 99 86 109 100 93 86 75 24 100 29 29 32 10 127 24 39 36 25 91 28 27- Saraland 28- Saraland / Satsuma Axis / Creola Mobile Residential Report Page - 15 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 0.82 -16.31 1.12 -1.51 2.69 -13.38 -7.68 5.81 3.58 -5.30 32.34 26.54 -2.12 -6.73 -16.48 -4.66 0.27 -2.72 -9.27 -0.87 -0.10 3.07 1.94 22.55 5.19 1.79 84 93 74 96 73 87 100 108 66 73 66 80 56 27 20 14 126 20 29 42 34 161 34 24 41 44 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 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 167.22 7.76 87.27 22.28 -40.46 -67.19 -11.06 -46.73 -16.74 157.09 121.21 -17.35 101.33 -30.84 -74.61 -40.21 -8.21 -15.02 -9.18 52.04 -47.29 -16.47 -46.89 -37.32 -27.97 93.94 193.39 -0.17 83.97 2.13 -39.40 100.00 15.23 -32.22 0.00 135.72 -100.00 -39.88 37.29 -40.88 -68.18 -44.44 -0.84 18.00 6.00 38.71 -20.28 -14.07 -54.65 -33.92 -26.52 37.39 133 93 77 75 125 230 97 68 104 115 70 102 136 78 33 124 99 86 59 90 155 75 34 69 71 146 3 18 5 9 1 2 22 5 9 6 2 23 8 7 3 5 27 7 6 7 7 43 9 15 12 7 2012 1 Annual 2011 4 3 2 2011 1 -11.11 -0.93 -2.75 -0.32 13.5 -20.48 -40.24 -12.45 0.08 -3.57 -10.21 -24.53 245 206 310 262 145 164 14 60 14 10 24 12 29- NE Mobile City / Mt Vernon 30- Dauphin Island Mobile Residential Report Page - 16 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -3.31 -5.75 -10.07 -12.22 35.10 -25.45 -35.98 -17.85 -24.11 -39.95 1.91 46.99 9.66 -13.95 18.16 -19.65 -20.50 -35.98 -3.96 -35.80 5.33 2.88 5.05 2.84 32.12 -19.64 -4.44 -26.84 -33.77 -22.02 5.66 -6.25 18.00 -14.81 1.98 -27.79 -4.95 -20.34 -5.59 -32.40 147 246 119 121 119 157 141 163 118 292 294 364 431 149 220 177 137 67 210 171 55 12 9 18 16 50 12 14 18 6 41 6 14 11 10 39 10 4 16 12 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 4 3 2 2008 1 Annual 2007 4 3 40.76 -20.47 31.45 -35.40 -28.02 -34.71 10.78 1.73 15.42 13.95 -0.48 -13.13 -34.50 -24.32 31.16 -4.10 5.10 3.63 25.64 0.52 17.93 -4.04 20.30 -2.30 34.51 -13.70 47.24 -49.52 -6.18 -4.82 -15.53 -15.98 1.94 -1.74 24.56 -3.93 15.48 -18.42 55.41 -49.83 -11.94 -32.80 23.77 -26.22 -14.26 10.78 4.64 -2.86 102 86 72 94 86 98 118 202 113 88 79 81 53 106 116 36 88 139 78 84 77 114 90 100 5 34 12 10 4 8 43 8 13 11 10 37 10 12 8 7 40 6 16 10 8 54 11 13 31- NW Mobile City / Citronelle Mobile Residential Report Page - 17 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 2 2007 1 -20.38 -0.82 21.33 -2.86 125 135 18 12 * Figures represent 4-quarter or annual price appreciation calculated from the same quarter one year earlier. For example, the Downtown median percent change between 2010 Q2 and 2011 Q2 equaled 95.85% change on the 8 sold properties. For further information please contact: Professor Don Epley, Director, Center for Real Estate Studies E-mail: depley@usouthal.edu Phone: 251.460.6735 MLS Office: 251.479.8654 Analysis completed by: Susan Grimsley, Research Associate Mitchell College of Business The Center for Real Estate Studies University of South Alabama 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 - 18 Price Appreciation % by Zone