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 Fall 2011 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 The data was assembled by Susan Ramsay, Research Associate 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 Price S.F. on Market Sold as % of Total 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 3 118,498 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 132,580 121,642 136,515 135,472 132,871 143,781 120,773 143,064 139,261 142,436 148,609 140,309 153,000 142,257 156,047 162,801 144,326 99,900 66 114 917 22.14 73 25.74 68 36.42 40 113,500 109,250 119,930 110,000 115,500 127,243 107,000 127,000 125,000 127,500 129,800 126,000 133,850 122,500 137,900 138,975 129,000 69 65 70 66 71 80 66 78 78 78 80 75 83 76 85 86 81 108 113 98 110 101 94 88 84 82 82 85 89 85 78 83 88 89 916 738 3305 699 776 1,069 627 3,472 863 996 900 698 4,118 778 1,083 1,256 955 26.53 20.46 24.66 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 79 81 85 84 83 91 76 90 89 91 92 84 93 86 96 96 91 25.33 27.91 33.19 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 69 70 77 74 76 80 75 81 79 83 82 80 83 80 84 84 82 33.41 37.53 30.53 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 44 41 48 46 44 51 48 53 55 52 56 47 59 52 60 64 59 169,000 118 233 4 0.00 0 25.00 103 75.00 133 132,628 66,250 64,000 117,500 12,000 64,000 25,000 85,000 105,000 89,000 45,000 52,000 133,500 69 34 80 68 64 41 82 62 70 51 49 63 109 91 94 98 147 48 47 92 113 180 55 29 252 85 8 8 19 7 5 1 6 27 5 11 5 5 40 37.50 0.00 15.79 28.57 0.00 0.00 0.17 33.33 40.00 9.09 40.00 60.00 52.50 67 0 107 98 0 0 124 67 58 76 76 24 136 25.00 12.50 10.53 14.29 20.00 0.00 0.00 22.22 40.00 27.27 0.00 20.00 7.50 46 30 88 64 111 0 0 70 48 90 0 55 48 37.50 75.00 73.68 57.14 80.00 100.00 0.83 44.44 20.00 63.64 60.00 20.00 35.00 95 63 46 42 17 41 73 53 142 30 31 187 76 01- Downtown 3 170,125 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 Mobile Residential Report 125,344 100,512 91,365 130,614 64,900 64,000 72,191 102,048 141,200 93,332 90,180 71,350 145,851 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 Price S.F. on Market Sold as % of Total 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 1 141,146 150,469 143,985 150,076 63,900 144,600 164,650 169,900 76 110 115 130 37 107 76 131 9 7 15 9 11.11 71.42 60.00 66.67 227 143 128 128 22.22 0.00 6.67 0.00 48 0 48 0 55.56 28.57 33.33 22.22 58 29 105 94 02- MidTown South 3 68,086 27,500 40 119 9 22.22 92 0.00 0 66.67 14 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 138,293 186,083 100,917 104,656 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 92,000 113,000 74,875 111,125 72,500 26,847 175,000 152,500 152,500 183,700 135,000 142,500 145,000 129,750 145,600 117,500 76 82 60 48 50 62 80 92 95 94 97 48 79 75 85 84 57 95 88 101 89 91 66 179 93 85 120 96 32 68 46 57 91 63 15 6 26 8 7 6 5 37 11 12 10 2 51 13 10 20 7 26.67 33.33 26.92 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 87 119 78 78 71 0 95 94 98 95 104 20 97 124 92 99 64 6.67 0.00 19.23 12.50 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 99 0 89 51 48 104 122 98 112 101 89 76 87 89 91 96 64 66.67 66.67 46.15 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 41 45 24 5 31 21 30 98 55 89 75 0 36 43 23 25 40 99,250 88 126 44 40.91 59 29.55 77 27.27 47 110,200 132,000 149,900 130,650 125,000 168,500 130,900 150,000 140,500 150,000 145,000 72 76 75 73 75 81 80 91 86 92 98 94 125 105 122 88 105 95 77 66 85 85 32 34 143 34 23 55 30 157 37 45 36 53.13 23.53 40.56 35.29 43.48 41.82 40.00 39.49 35.14 37.78 36.11 85 100 94 94 91 95 90 98 103 99 98 18.75 26.47 32.87 32.35 13.04 40.00 36.67 37.58 45.95 40.00 47.22 84 87 94 88 90 96 97 98 96 97 104 28.12 50.00 22.38 29.41 30.43 16.36 20.00 17.83 18.92 15.56 13.89 48 43 50 41 49 72 34 56 31 58 75 03- MidTown East 3 119,867 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 Mobile Residential Report 123,271 113,982 166,913 173,014 153,991 169,314 150,147 163,799 158,862 151,860 167,283 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 Price S.F. on Market Sold as % of Total 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… 2009 1 Annual 2008 4 3 2 2008 1 177,056 180,820 176,436 187,299 188,662 160,098 164,000 164,500 130,000 168,960 174,450 144,400 89 97 90 97 96 100 68 77 72 86 81 69 40 199 34 54 64 43 47.50 57.29 44.12 59.25 53.13 69.77 94 102 95 99 103 103 20.00 36.13 20.59 22.22 28.13 11.63 93 97 94 96 98 98 22.50 27.73 23.53 12.96 17.19 16.28 64 78 73 77 71 98 04- Dauphin Isnd Pkwy / North 3 24,834 21,227 26 73 32 12.50 38 0.00 0 84.38 15 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 1 29,257 32,750 35,218 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 26,000 28,200 26,000 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 27 28 37 33 26 43 26 36 36 30 39 38 38 36 40 43 32 63 111 79 75 84 75 82 75 71 52 100 81 81 85 73 88 84 24 24 127 23 38 29 36 115 23 33 24 35 187 41 54 45 39 16.67 0.00 5.51 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 26 0 29 28 9 43 28 31 0 27 38 33 36 31 34 45 32 4.17 16.67 9.45 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 38 44 47 48 43 50 42 59 54 75 59 59 61 60 62 60 61 75.00 79.17 76.38 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 21 21 18 23 20 22 26 26 27 26 27 28 29 27 30 28 07- Mid Town West 3 63,463 52,500 47 77 34 14.71 49 29.41 62 55.88 32 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 59,732 72,897 105,294 105,034 69,750 118,250 94,451 102,805 125,795 45,000 70,000 100,500 115,000 64,500 87,200 105,000 83,000 79,680 47 51 66 64 48 66 65 67 70 78 76 81 85 102 83 71 78 104 16 17 74 13 14 22 23 91 24 18.75 5.88 20.27 23.08 28.57 9.09 21.74 20.88 20.83 39 27 69 69 60 54 71 82 93 25.00 35.29 33.78 38.49 28.57 31.82 34.78 46.15 54.17 68 72 74 72 52 74 84 76 72 56.25 47.06 37.84 30.77 42.86 50.00 30.43 30.77 25.00 33 31 46 57 32 55 37 42 45 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 Price S.F. on Market Sold as % of Total Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 07- Mid Town West continued… 3 2 2009 1 Annual 2008 4 3 2 2008 1 92,217 91,699 98,978 113,844 147,420 99,482 98,666 117,192 84,950 83,000 80,000 94,900 111,000 85,000 96,681 93,000 65 68 64 72 77 71 71 68 50 53 97 67 71 64 71 65 20 22 25 124 29 37 30 27 15.00 9.09 36.00 40.32 37.93 27.03 46.67 51.85 80 115 70 77 90 74 58 73 40.00 45.45 44.00 32.26 24.14 51.35 26.67 22.22 80 89 67 78 82 77 74 83 35.00 45.50 20.00 22.58 31.03 18.91 20.00 22.22 42 38 46 52 58 48 58 40 09- MidCentral 3 31,894 26,750 26 67 18 5.56 7 11.11 37 72.22 23 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 18,222 27,678 38,464 31,057 45,455 34,676 38,785 52,957 44,208 69,492 45,327 56,536 46,160 44,638 53,485 44,967 43,934 19,850 23,000 28,000 15,000 32,675 26,200 21,165 45,000 39,900 57,000 35,000 36,000 36,000 37,900 35,000 35,000 36,250 13 34 45 30 25 41 29 36 31 48 32 35 33 31 35 32 34 65 76 75 105 46 38 113 78 57 69 88 92 72 34 96 83 72 7 14 59 14 10 17 16 63 13 14 22 14 85 17 17 24 26 14.29 7.14 13.56 14.29 10.00 5.88 18.75 12.70 0.00 28.57 9.09 14.29 28.24 35.29 11.76 25.00 38.46 20 8 23 8 10 13 26 42 0 62 26 20 37 23 18 57 39 0.00 7.14 23.73 21.43 30.00 11.76 31.25 30.16 30.77 28.60 22.73 42.86 21.18 23.53 41.18 16.67 11.54 0 74 47 47 43 45 54 55 47 58 58 55 55 62 58 43 54 71.43 78.57 59.32 57.14 60.00 76.47 50.00 52.38 69.23 28.60 63.64 42.86 43.53 29.41 41.18 54.17 46.15 16 15 16 14 21 17 14 22 24 25 20 20 20 22 20 17 23 10- Eight Mile / Prichard 3 33,352 24,900 35 69 17 23.53 31 5.88 40 64.71 17 2 2011 1 Annual 2010 4 3 2 2010 1 51,914 28,571 52,091 41,471 67,927 48,869 38,673 33,000 13,500 35,000 48,000 61,650 20,500 34,210 33 28 40 28 46 42 28 59 85 88 92 88 81 95 22 18 51 9 18 13 11 22.73 0.00 11.76 0.00 22.22 0.00 18.18 34 0 45 0 51 0 32 9.09 5.55 25.49 44.44 27.78 23.08 9.09 43 52 53 39 59 61 59 63.64 83.33 62.75 55.56 50.00 76.92 72.73 20 14 23 17 28 23 23 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 Price S.F. on Market Sold as % of Total Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 10- Eight Mile / Prichard continued… Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 56,465 90,988 54,645 55,970 42,368 66,609 52,447 89,244 59,746 67,036 40,950 86,000 31,250 40,950 31,000 65,000 43,000 82,000 79,950 65,000 37 52 35 37 31 42 31 56 42 45 73 95 76 73 60 86 62 90 102 93 56 8 16 15 17 51 17 13 10 11 23.21 25.00 18.75 40.00 11.76 15.69 5.88 7.69 10.00 45.45 36 46 36 35 24 46 31 23 50 52 23.21 62.50 18.80 13.33 17.65 35.29 29.41 53.84 40.00 9.09 58 56 56 69 57 61 60 23 55 84 46.43 12.50 50.00 40.00 64.71 43.14 58.24 30.77 40.00 36.36 21 46 17 18 23 25 19 40 20 28 11- Chickasaw 3 46,190 33,000 31 102 23 13.04 29 30.43 46 56.52 18 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 43,736 42,939 53,412 51,637 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 29,000 36,666 39,000 35,000 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 37 35 43 35 41 37 33 44 52 45 39 37 50 49 49 57 47 74 126 81 120 78 56 75 74 102 72 51 61 70 58 84 52 89 27 19 72 18 18 17 18 66 17 24 12 13 89 25 13 22 28 3.70 0.00 9.72 5.56 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 43 0 36 30 32 37 44 42 62 48 39 30 53 38 43 64 53 29.63 36.84 31.94 33.33 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 49 48 55 54 48 55 56 60 60 63 55 57 63 59 63 65 68 66.67 63.16 55.56 61.11 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 19 23 24 23 27 21 22 30 27 31 33 27 29 31 27 32 26 14- MunPark / West Ctrl 3 61,986 57,000 44 85 53 15.09 48 32.08 48 41.51 23 2 2011 1 Annual 2010 4 3 59,119 72,313 81,663 65,452 75,403 53,000 67,000 85,000 68,000 65,950 47 43 53 45 55 70 86 87 88 65 55 48 155 31 34 5.45 16.67 11.61 16.13 8.82 36 43 48 32 44 43.64 39.58 44.52 35.48 32.35 51 53 65 61 73 47.27 31.25 36.77 45.16 50.00 22 27 34 27 30 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 Price S.F. on Market Sold as % of Total 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… 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 97,126 75,221 94,022 98,385 90,575 92,926 95,696 97,661 85,914 101,636 103,260 96,827 94,950 75,000 94,500 94,999 84,000 98,500 87,900 97,000 85,000 104,250 102,000 95,250 55 51 60 61 57 62 61 66 56 69 68 69 116 64 63 76 58 48 72 77 72 71 76 87 56 34 212 50 60 51 50 267 44 62 83 74 12.50 8.82 13.68 12.00 13.33 7.84 22.00 26.59 22.73 20.97 22.89 37.84 62 50 55 58 58 41 54 69 58 69 72 70 57.14 41.18 55.19 70.00 50.00 62.75 40.00 46.07 54.54 48.39 44.58 41.89 65 62 68 65 65 72 69 73 62 72 76 79 25.00 38.24 23.58 12.00 31.67 23.53 26.00 20.97 22.73 20.97 26.51 16.22 45 36 45 37 45 42 49 48 40 53 50 46 164,500 80 158 46 30.43 90 26.09 86 34.78 86 166,000 159,500 168,000 154,500 205,000 198,000 144,000 158,500 114,329 134,900 168,000 199,000 169,900 172,000 171,500 176,150 162,000 91 100 94 97 95 105 88 105 90 103 114 115 114 108 109 123 110 153 126 140 173 144 127 139 94 73 90 110 105 85 124 67 95 66 41 35 135 27 28 53 22 183 50 48 48 36 194 31 49 60 50 48.78 37.14 42.96 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 70.00 105 127 113 123 105 124 94 120 102 126 120 126 118 111 119 171 113 17.07 34.29 21.48 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 76 91 78 78 71 81 75 101 109 93 100 108 98 94 98 101 100 31.71 28.57 33.33 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 24.00 101 83 100 89 110 105 93 84 72 79 115 97 117 106 97 171 105 115,000 71 132 52 30.77 79 26.92 62 28.85 47 130,550 119,750 127,950 68 68 74 92 121 88 58 55 230 41.38 14.55 30.87 80 76 80 24.14 40.00 29.13 63 64 81 25.86 38.18 30.87 43 53 56 15- Springhill / USA 3 213,898 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 282,318 244,798 254,336 290,535 289,606 244,314 223,580 226,802 170,452 241,759 258,553 238,743 245,319 231,598 211,277 295,778 212,391 16- Cottage Hill North 3 143,558 2 2011 1 Annual 2010 Mobile Residential Report 138,232 131,819 139,455 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 Price S.F. on Market Sold as % of Total 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… 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 1 125,768 144,569 143,302 136,396 159,297 160,914 157,451 151,196 162,315 163,970 155,306 179,908 159,591 160,098 97,450 120,450 137,000 132,000 139,000 137,500 139,900 133,797 140,500 142,900 148,000 145,950 139,900 152,500 69 74 77 74 84 83 85 81 85 87 82 89 89 87 82 112 85 75 81 82 91 79 72 82 75 89 87 72 50 48 90 40 256 61 73 64 55 306 57 82 101 64 40.00 27.08 28.89 27.50 32.03 31.15 27.40 28.13 41.82 52.94 49.12 54.88 50.50 57.81 69 93 81 82 95 91 95 95 94 91 85 98 92 89 12.00 35.42 33.33 37.50 45.31 44.26 46.58 46.88 45.45 27.45 29.82 26.83 32.67 17.19 66 82 87 74 82 81 85 82 82 86 93 82 86 84 44.00 25.00 30.00 20.00 16.80 16.39 17.81 20.31 10.91 14.71 19.30 12.41 11.88 17.19 44 50 64 55 67 70 68 58 64 79 65 74 91 86 123,500 72 123 46 30.43 79 28.26 65 28.26 52 116,500 128,340 131,500 124,000 142,000 133,450 134,000 143,000 134,900 143,500 157,000 142,000 150,000 139,500 150,000 149,100 153,000 65 72 72 67 75 72 70 82 81 81 84 80 89 84 91 94 86 102 127 84 107 77 86 72 83 83 90 74 90 82 61 74 86 95 42 50 178 36 47 40 51 207 46 58 66 37 242 39 57 81 63 38.10 22.00 28.65 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 64 87 73 55 79 90 69 93 90 96 100 74 95 91 97 100 91 30.95 34.00 47.19 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 72 70 73 73 68 77 71 79 80 76 80 79 83 84 85 82 83 21.43 36.00 16.29 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 42 59 55 46 60 49 66 74 73 72 69 96 78 68 87 81 79 3 166,088 134,250 79 117 96 30.21 74 35.42 75 21.88 66 2 140,000 75 127 85 31.76 87 40.00 75 16.47 55 17- Cottage Hill South 3 145,700 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 130,745 151,208 146,430 131,830 157,577 149,148 144,638 168,274 160,612 162,829 188,072 154,662 198,760 197,300 196,828 210,970 187,523 18- West Mobile Mobile Residential Report 162,828 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 Price S.F. on Market Sold as % of Total 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 continued… 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 163,786 175,098 173,287 178,855 177,877 161,086 178,387 165,273 181,695 167,313 201,572 190,676 170,191 191,576 201,670 183,602 150,000 154,900 150,262 156,900 155,000 140,000 153,500 149,900 145,000 149,900 173,000 155,000 139,500 162,000 169,000 151,000 74 80 73 79 87 78 89 87 90 87 92 86 93 98 98 94 113 106 135 90 90 102 95 108 92 92 92 81 80 73 92 77 75 329 68 87 105 54 349 82 121 84 59 454 76 117 158 99 33.33 24.32 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 82 90 90 92 90 84 93 89 96 89 95 100 98 103 102 97 32.00 44.38 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 74 81 76 78 85 76 89 89 89 88 88 92 87 95 93 90 20.00 20.67 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 53 71 60 68 80 74 81 75 80 85 109 89 93 90 89 82 90,000 72 116 39 7.69 67 35.90 60 33.33 36 92,000 106,900 115,000 80,000 84,500 140,000 90,000 119,000 139,950 108,000 102,000 140,000 123,000 106,149 123,425 131,000 130,000 69 58 71 64 70 78 60 78 82 70 74 87 78 77 79 82 72 149 94 91 103 108 83 53 67 47 60 80 87 90 93 91 85 94 39 31 155 39 24 50 25 139 42 43 26 25 140 29 40 40 29 17.95 25.81 18.71 30.77 16.67 18.00 8.00 26.62 26.19 23.26 34.62 28.00 35.71 41.38 30.00 35.00 39.93 82 69 78 74 80 82 70 76 84 61 70 91 77 81 71 82 73 20.51 19.35 36.13 10.26 29.17 50.00 52.00 48.92 25.30 44.19 42.31 56.00 38.57 27.59 37.50 47.50 39.93 65 62 73 76 61 74 67 81 83 75 76 88 85 79 92 83 81 38.46 29.03 29.03 48.72 41.67 10.00 28.00 11.51 9.52 16.28 11.54 8.00 18.57 24.14 30.00 12.50 6.90 34 54 46 43 41 64 40 57 55 52 71 55 66 66 72 66 31 19- Tillman's Corner 3 100,982 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 1 Mobile Residential Report 101,264 95,120 119,033 95,548 102,360 140,391 89,372 136,200 145,079 131,432 100,750 157,098 132,931 125,169 125,991 147,151 127,201 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 Price S.F. on Market Sold as % of Total Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 20- Western Bay Shores 3 247,013 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 186,639 180,871 182,117 286,051 115,904 174,729 157,157 157,328 120,749 152,304 187,568 127,614 170,073 161,469 150,525 202,259 165,240 124,500 88 185 23 26.09 114 13.04 84 43.48 82 100,630 117,050 116,500 142,700 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 74 70 84 87 73 132 70 79 56 81 100 55 83 80 76 95 86 142 123 107 95 132 107 85 96 89 81 137 65 117 89 83 146 186 28 14 92 22 25 28 17 71 10 24 22 13 86 16 30 26 10 32.14 50.00 30.43 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 40.00 111 93 110 137 122 98 85 102 79 102 135 9 101 97 91 105 122 25.00 14.29 16.30 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 78 56 76 28 74 77 79 66 68 46 74 80 71 51 71 76 67 39.29 28.57 44.57 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 41 48 65 109 45 74 43 66 27 74 85 52 66 64 59 91 58 21- Dauphin Isnd Pkwy/ South 3 48,678 30,326 46 108 32 12.50 45 12.50 72 71.88 17 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 47,324 44,810 70,961 85,984 67,563 70,426 58,544 64,765 52,321 51,246 90,284 58,215 88,126 60,589 97,385 94,087 37,000 31,600 45,000 76,875 49,000 47,500 35,000 40,000 35,127 37,750 41,750 40,000 68,500 58,500 51,500 82,375 39 45 50 60 53 57 36 41 37 43 44 40 58 41 65 53 104 99 112 101 94 137 106 83 71 70 81 111 95 82 98 89 29 22 87 21 19 28 19 106 25 24 30 26 106 19 32 29 20.69 4.55 22.99 14.29 42.11 14.29 26.32 17.92 20.00 16.67 16.67 19.23 28.30 10.53 21.85 27.59 40 45 67 100 54 117 28 49 60 27 63 43 80 38 142 61 10.34 4.55 14.94 19.05 25.79 14.29 10.53 23.58 12.00 33.33 20.00 26.92 31.13 47.37 21.85 31.03 50 49 64 68 77 62 43 60 51 66 58 55 60 51 54 60 55.17 81.82 51.72 47.62 42.11 60.71 52.63 55.66 68.00 50.00 56.67 50.00 34.91 43.11 46.88 41.38 23 25 32 31 27 31 39 29 27 33 31 27 38 31 35 43 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 Price S.F. on Market Sold as % of Total 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… 2008 1 94,495 72,000 63 109 29 41.38 72 27.59 77 20.70 32 22- South Mobile County / Theodore 3 87,764 75,000 60 80 59 20.34 64 22.03 55 33.90 33 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 80,498 89,859 99,063 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 75,000 89,000 99,450 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 53 61 66 63 68 68 62 71 75 74 71 65 72 70 72 75 71 103 68 80 104 96 69 60 80 78 73 67 107 78 92 74 74 74 45 37 196 39 49 68 29 187 58 51 40 39 212 49 52 61 48 11.11 24.32 20.92 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 52 56 72 71 69 73 67 80 83 91 77 67 77 70 74 77 84 24.44 32.43 32.65 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 64 71 74 58 76 77 73 77 77 81 73 76 82 80 80 85 83 33.33 32.43 31.12 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 29 28 33 33 33 34 33 44 37 41 55 48 47 39 54 49 42 143,000 70 94 19 31.58 73 5.26 72 21.05 31 90,000 72,800 112,250 108,210 102,500 158,450 84,000 130,000 136,000 112,000 126,300 105,000 124,000 91,250 60 50 68 73 68 72 58 70 73 70 73 66 75 71 81 71 80 52 105 78 100 76 100 67 61 97 79 88 18 16 66 14 15 24 13 68 16 18 22 14 70 12 27.78 6.25 22.73 7.14 20.00 33.33 23.08 30.88 18.75 33.33 31.82 42.86 40.00 41.67 85 20 73 91 73 70 78 75 86 63 87 68 83 57 27.78 43.75 30.30 28.57 33.33 37.50 15.38 36.76 31.25 50.00 36.36 28.57 31.43 41.67 59 73 80 76 85 86 57 76 79 69 80 87 84 87 27.78 43.75 30.30 42.86 46.67 12.50 30.77 20.59 25.00 5.56 22.73 28.57 20.00 16.67 35 24 42 50 45 20 42 41 35 67 41 41 48 69 23- Grand Bay 3 120,162 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 Mobile Residential Report 131,900 91,775 128,724 129,558 103,848 151,437 114,415 124,231 139,627 114,439 134,439 107,938 128,324 124,618 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 Price S.F. on Market Sold as % of Total 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 continued… 3 2 1 143,609 120,542 121,444 155,000 124,000 100,525 83 79 64 71 89 59 19 25 14 42.11 40.00 35.71 90 86 94 36.84 36.00 14.29 91 88 47 15.79 16.00 35.71 37 43 51 24- West Mobile County 3 156,704 156,900 78 144 73 21.92 84 31.51 84 16.44 55 182,674 170,644 187,125 189,809 186,841 181,570 180,897 188,446 177,973 186,109 195,664 193,654 205,518 193,784 211,543 205,209 213,529 159,900 161,000 172,687 157,937 172,375 170,000 153,700 175,000 161,425 182,100 177,000 185,000 186,900 180,000 199,000 191,950 188,450 76 78 82 78 82 85 82 94 94 95 95 93 99 94 99 99 100 132 189 108 101 114 90 129 85 59 87 100 103 97 91 81 96 102 93 57 288 60 67 101 34 290 79 80 81 50 359 48 125 124 80 35.48 28.07 30.56 30.00 35.82 29.70 20.59 88.50 35.44 32.50 32.10 42.00 52.37 52.08 40.80 50.81 66.25 83 81 95 88 96 97 90 99 98 101 98 98 101 97 99 102 103 18.28 22.81 40.97 38.33 40.30 41.58 41.18 38.97 37.97 38.75 39.51 40.00 31.48 31.25 37.60 33.06 21.25 81 81 86 81 87 86 84 91 90 94 91 89 98 93 100 96 95 16.13 15.79 13.54 15.00 7.46 13.86 32.35 6.90 7.59 6.25 6.17 6.00 5.29 6.25 4.80 4.84 5.00 83 59 67 71 51 67 73 76 71 62 94 71 78 65 90 69 82 3 120,979 115,650 66 115 64 12.50 83 31.25 67 25.00 35 139,900 132,840 145,231 129,900 147,400 150,500 105,500 146,500 144,000 139,900 147,000 169,100 72 75 73 71 71 77 72 84 84 83 82 88 112 104 104 133 121 100 66 90 92 80 97 94 79 45 272 47 58 105 31 273 67 77 69 59 17.72 11.11 23.16 14.89 24.13 22.86 38.71 23.81 28.36 16.88 28.99 20.34 79 84 77 68 78 78 71 80 81 86 76 78 32.91 35.56 41.18 42.55 27.59 43.81 38.71 47.99 50.75 44.16 47.83 50.85 74 82 83 80 78 83 76 88 88 91 84 89 21.52 26.67 11.03 12.77 15.52 10.48 9.68 9.89 5.97 20.78 4.35 6.78 42 41 56 61 43 59 56 61 53 56 68 88 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 25- Semmes 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Mobile Residential Report 139,388 131,900 148,455 134,648 147,361 153,962 118,616 153,957 147,497 143,495 153,861 175,161 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 Price S.F. on Market Sold as % of Total Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 25- Semmes continued… Annual 2008 4 3 2 2008 1 165,349 187,672 155,305 151,947 147,212 152,900 193,000 153,750 148,900 139,000 87 86 90 84 84 66 56 61 80 80 290 60 66 73 70 37.24 26.67 34.85 42.47 44.29 92 85 95 53 91 41.38 48.33 43.94 36.99 37.14 88 89 91 82 83 8.62 10.00 7.58 10.96 10.00 56 62 40 53 63 110,000 65 86 32 15.63 73 18.75 70 31.25 35 99,750 112,900 111,000 105,900 111,950 119,900 56,000 119,900 110,500 121,500 125,000 115,000 134,900 121,500 137,500 141,825 127,350 58 60 66 69 69 71 46 70 73 70 68 69 74 66 81 76 72 83 108 99 98 102 100 84 77 80 96 67 69 89 67 81 83 123 47 51 157 35 37 55 21 201 49 46 68 37 212 45 53 62 49 6.38 17.65 17.83 17.14 18.92 14.55 19.05 20.90 24.49 15.22 22.06 18.92 33.02 28.89 33.96 38.71 30.61 52 63 73 74 80 72 65 73 78 80 75 61 84 73 88 82 89 23.40 19.61 29.94 28.57 27.03 36.36 19.05 41.29 42.86 32.61 39.71 54.05 40.09 42.22 47.17 30.65 42.86 69 66 74 71 69 78 67 79 77 82 79 80 79 79 84 79 71 40.43 23.53 31.21 31.43 35.14 27.27 42.86 23.38 22.45 28.26 26.47 13.51 18.39 17.78 11.32 20.97 22.45 35 28 42 40 47 54 21 41 53 39 40 25 44 27 54 52 46 107,500 68 122 44 25.00 65 31.82 77 36.36 41 144,000 123,950 121,250 131,450 125,000 109,900 125,000 125,000 116,500 125,000 69 71 67 65 62 73 70 80 75 81 101 114 101 98 116 84 96 95 98 92 45 30 148 36 35 35 39 117 32 38 48.89 26.67 25.68 30.56 28.57 22.86 20.51 23.08 12.50 23.68 77 71 82 80 88 82 78 91 84 93 24.44 43.33 35.81 36.11 31.43 40.00 35.90 49.57 53.13 47.37 74 68 80 84 85 74 81 84 82 87 15.56 26.67 29.05 16.67 31.43 31.43 35.90 21.37 25.00 26.32 43 49 43 30 35 47 53 61 60 59 26- Semmes / Wilmer / Lott Road 3 104,351 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 97,538 106,992 117,049 113,210 116,273 134,384 75,779 126,488 130,591 130,712 125,842 119,380 134,573 123,945 148,071 136,607 124,810 27- Saraland 3 119,993 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 Mobile Residential Report 163,933 134,740 131,692 140,906 134,998 118,433 131,267 140,788 126,909 142,354 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 Price S.F. on Market Sold as % of Total Conv Cash FHA as % FHA Sales Cash as % Sales Sales of Total Price S.F. of Total Price S.F. Price S.F. 27- Saraland continued… 2 2009 1 Annual 2008 4 3 2 2008 1 162,243 137,553 141,192 132,421 153,900 143,476 134,741 129,900 127,400 122,900 121,000 119,800 132,000 123,500 86 81 80 76 77 83 82 107 90 83 66 99 89 80 34 15 120 29 29 33 27 26.47 33.33 31.67 37.93 41.38 27.27 22.22 96 84 78 65 77 50 78 44.12 60.00 45.83 48.28 34.48 57.57 40.74 83 85 87 83 82 85 98 17.65 6.67 18.33 6.89 20.69 15.15 29.63 74 25 60 64 63 96 64 28- Saraland / Satsuma / Axis / Creola 3 128,152 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 148,878 152,980 139,761 136,387 142,535 145,158 125,863 150,554 132,196 158,726 143,663 163,011 163,731 151,638 157,431 171,661 161,207 122,000 67 88 29 20.69 87 37.93 71 13.79 49 140,950 153,250 136,000 147,250 136,000 130,000 125,000 134,000 125,000 139,900 129,000 134,000 147,900 137,850 150,000 154,450 140,555 69 82 76 71 68 80 75 81 74 87 79 85 88 84 84 90 89 122 107 99 86 109 100 93 86 75 84 93 74 96 73 87 100 108 32 10 127 24 39 36 25 91 28 27 20 14 126 20 29 42 34 21.88 30.00 26.77 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 76 95 80 80 83 83 70 84 85 91 67 100 90 85 83 91 92 43.75 20.00 39.37 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 77 92 86 80 85 88 85 84 71 95 80 87 92 91 93 90 95 18.75 40.00 22.83 25.00 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 58 77 53 48 51 51 68 63 22 48 89 49 73 34 67 90 76 29- NE Mobile City / Mt. Vernon 3 59,711 48,000 50 75 9 33.33 68 22.22 51 44.44 32 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 50,000 48,400 71,550 67,140 48,833 83,984 147,500 80,446 50,000 48,400 57,500 54,900 47,000 82,502 0 49,900 35 33 45 42 33 47 70 41 125 230 97 68 104 115 88 102 1 2 22 5 9 6 2 23 0.00 0.00 22.73 40.00 22.22 16.67 0.00 30.43 0 0 42 39 42 50 0 46 0.00 0.00 18.18 20.00 0.00 33.33 50.00 30.43 0 0 57 45 0 64 54 37 100.00 50.00 36.36 0.00 55.56 50.00 0.00 26.09 35 29 22 0 19 26 0 23 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 Price S.F. on Market Sold as % of Total 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… 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 126,040 58,649 32,667 66,680 97,339 62,603 84,800 128,636 111,524 81,000 47,000 35,000 66,400 83,000 59,000 79,500 110,000 119,500 59 30 29 34 59 35 56 77 67 136 78 33 124 99 86 59 90 155 8 7 3 5 27 7 6 7 7 12.50 42.86 33.00 40.00 29.63 42.86 33.33 14.29 28.57 108 28 13 60 54 45 52 55 45 50.00 28.57 0.00 20.00 37.04 0.00 50.00 42.86 57.14 45 28 0 21 81 0 69 90 84 12.50 28.60 33.00 40.00 33.33 57.14 16.67 42.86 14.29 11 36 24 15 38 28 26 55 43 202,500 146 262 10 30.00 155 211,000 192,450 237,000 221,200 210,000 235,000 255,000 225,000 215,000 199,900 228,500 193,000 280,000 225,000 273,235 345,000 247,500 157 125 161 154 132 126 176 177 183 172 167 201 229 255 219 230 225 145 164 147 246 119 121 119 157 141 163 118 292 294 364 431 149 220 24 12 55 12 9 18 16 50 12 14 18 6 41 6 14 11 10 16.67 33.33 45.45 50.00 22.22 66.67 31.25 0.54 0.42 0.50 0.67 0.50 58.54 66.67 42.86 63.63 70.00 114 116 156 161 139 155 160 191 179 193 185 221 238 285 251 219 218 0.00 0 70.00 138 4.17 8.33 3.64 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 0.00 109 104 143 160 126 0 0 96 0 96 0 96 0 0 0 0 0 58.33 50.00 41.82 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 20.00 139 105 147 140 131 119 177 158 185 160 131 125 222 196 180 250 294 30- Dauphin Island 3 224,500 2 2011 1 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 1 266,043 208,241 240,440 232,325 225,222 234,407 261,875 248,673 246,492 250,446 267,028 193,833 333,560 385,000 304,855 351,841 322,774 31- NW Mobile City / Citronelle 3 76,490 53,000 56 94 10 20.00 99 10.00 78 40.00 14 2 2011 1 Annual 2010 4 3 2 108,006 69,182 117,175 89,900 118,403 150,054 106,012 67,580 87,000 81,500 105,000 113,000 52 52 65 63 61 74 86 98 118 202 113 88 4 8 43 8 13 11 0.00 37.50 27.91 12.5 23.07 27.27 0 46 65 74 50 106 50.00 0.00 16.28 12.50 7.69 18.18 80 0 70 61 78 78 50.00 50.00 39.53 62.50 38.46 54.55 24 28 49 55 57 38 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 Price S.F. on Market Sold as % of Total 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 continued… 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 105,960 105,770 88,370 102,583 131,688 106,471 121,762 134,917 135,547 100,400 111,026 71,000 103,000 97,000 103,000 115,000 57,000 107,210 84,000 126,250 74,000 113,605 56 60 58 63 64 55 67 62 72 63 66 79 81 53 106 116 36 88 139 78 84 77 10 37 10 12 8 7 40 6 16 10 8 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 50.00 24.32 30.00 16.67 25.00 28.57 32.50 66.67 18.75 30.00 37.50 49 57 34 64 46 96 69 61 93 43 81 30.00 35.14 30.00 50.00 37.50 14.29 35.00 16.67 31.25 50.00 37.50 67 80 75 85 72 92 78 85 72 89 68 10.00 29.73 20.00 25.00 25.00 57.14 20.00 0.00 31.25 20.00 12.50 34 36 62 25 45 26 40 0 44 28 43 Analysis completed by: Susan Ramsay, Research Associate Center for Real Estate Studies 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 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 - 16 Price Trends by Zone