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
Summer 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.
"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
Summer 2011
Year /
Quarter
Avg Sale
Price
Cash Sales
Price S.F.
2
132,580
113,500
69
79
69
44
2011 1
Annual 2010
4
3
2
2010 1
Annual 2009
4
3
2
2009 1
Annual 2008
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
154,508
148,972
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
132,000
124,900
65
70
66
71
80
66
78
78
78
80
75
83
76
85
86
81
87
88
85
90
85
84
86
87
84
80
81
85
84
83
91
76
90
89
91
92
84
93
86
96
96
91
92
94
92
92
88
85
88
87
85
81
70
77
74
76
80
75
81
79
83
82
80
83
80
84
84
82
82
82
80
85
82
79
81
81
79
75
41
48
46
44
51
48
53
55
52
56
47
59
52
60
64
59
73
74
65
81
73
81
78
88
82
74
4
3
2
2008 1
Annual 2007
4
3
2
2007 1
Annual 2006
4
3
2
2006 1
Mobile Residential Report
Median Avg Sales Conv Sales FHA Sales
Sale Price Price S.F. Price S.F. Price S.F.
Page - 2
Overall Price Trends
Year /
Quarter
Avg Sale
Price
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
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.
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
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
For further information please contact:
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
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
Analysis completed by:
Professor Donald Epley, Director, Center for Real Estate Studies
E-mail: depley@usouthal.edu
Phone: 251.460.6735 or MLS Office: 251.479.8654
Cash Sales
Price S.F.
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
Michelle Pinochet, Researcher
Mitchell College of Business
The Center for Real Estate Studies
University of South Alabama
Data Supplied by: Mobile Area Multi-List
Sales price may include closing costs
Mobile Residential Report
Page - 3
Overall Price Trends