CENTER FOR REAL ESTATE STUDIES
Mobile Residential Report:
Four-Quarter Price Appreciation %
2001 - 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."
http://cres.southalabama.edu/
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 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 Residential Report
Page 1
Quarterly Price Appreciation %
Four‐Quarter Price Appreciation (%)
Summer 2011
Zone Qtr
Year
4 ‐ Qtr 4 ‐ Qtr 4 ‐ Qtr 4 ‐ Qtr 4 ‐ Qtr 4 ‐ Qtr Avg Sales Avg Sales Conv Sales FHA Sales Cash Sales Median Sales Price * Price S.F. * Price S.F. * Price S.F. * Price S.F. * Price * %
%
%
%
%
%
2
42
‐7.8
‐10.8
‐13.8
‐13.2
‐13.8
‐13.7
2011 1
4
3
2
2010 1
4
3
2
2009 1
4
3
2
2008 1
4
3
2
2007 1
4
3
2
2006 1
4
3
2
2005 1
4
3
2
2004 1
4
3
2
2003 1
4
3
2
41
40
39
38
37
36
35
34
33
32
31
30
29
28
27
26
25
24
23
22
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
0.7
‐2.7
‐6.7
‐3.2
‐13.9
‐2.1
‐8.7
‐8.7
‐2.8
‐10.5
0.0
‐0.8
‐5.0
3.3
33
‐3.1
3.7
4.1
8.1
10.7
3.7
18.5
18.7
11.9
15.3
5.4
7.7
9.6
9.6
2.7
‐1.8
1.0
0.5
8.2
8.7
5.0
0.3
2.1
‐12.0
‐9.4
‐2.0
‐15.1
2.0
‐7.5
‐6.6
‐2.3
‐10.2
1.7
‐1.1
‐0.8
‐0.6
06
‐2.0
11.9
4.1
9.8
15.1
11.7
17.5
20.5
17.5
12.9
8.5
8.2
1.8
5.6
3.1
‐0.3
0.9
4.9
5.6
4.1
9.2
2.3
‐1.5
‐15.4
‐9.0
0.0
‐12.0
2.6
‐8.2
‐7.0
‐7.4
0.0
0.0
‐4.4
‐4.7
‐2.3
23
‐2.3
5.0
6.3
8.9
13.0
5.0
15.9
19.7
11.6
15.9
7.8
4.8
9.5
7.8
4.9
1.6
0.0
1.6
1.7
3.3
1.6
1.6
6.6
‐5.6
‐8.8
‐1.1
‐9.5
3.5
‐5.2
‐4.2
‐7.7
‐8.5
4.4
4.4
‐7.1
6.8
68
5.8
4.9
8.6
10.0
8.8
4.9
12.5
15.9
11.1
12.5
5.9
7.8
5.9
7.5
4.6
‐3.0
1.5
0.0
1.6
3.1
3.1
1.5
‐6.7
‐6.3
‐8.4
‐2.4
‐6.3
‐1.3
‐1.2
‐2.4
‐2.4
‐2.4
5.0
‐1.2
0.0
1.2
12
‐1.2
17.9
9.3
12.5
19.1
17.9
11.9
14.3
9.7
6.3
8.1
0.0
1.6
1.6
1.6
5.0
3.4
5.1
7.0
1.7
3.5
7.3
‐14.6
‐16.4
‐15.4
‐8.9
2.1
5.8
‐13.3
‐12.5
‐20.3
‐29.7
‐6.3
‐21.0
‐19.2
‐5.1
51
‐26.1
3.8
‐1.4
‐1.3
22.2
3.8
25.4
43.6
10.8
31.7
7.3
5.8
30.0
7.1
10.0
4.0
‐18.0
1.8
‐2.0
6.4
5.2
‐11.3
Mobile Residential Report
Page 2
Quarterly Price Appreciation %
First Quarter Price Appreciation (%)
Summer 2011
Zone Qtr
Year
2002 1
4
3
2
2001 1
5
4
3
2
1
4 ‐ Qtr 4 ‐ Qtr 4 ‐ Qtr 4 ‐ Qtr 4 ‐ Qtr 4 ‐ Qtr Avg Sales Avg Sales Conv Sales FHA Sales Cash Sales Median Sales Price * Price S.F. * Price S.F. * Price S.F. * Price S.F. * Price * %
%
%
%
%
%
‐1.8
0.7
‐1.2
5.0
6.2
0.4
8.8
‐0.4
2.6
3.5
0.0
3.4
3.3
1.6
7.1
0.0
3.2
1.6
3.1
6.7
1.8
9.3
5.6
3.8
7.7
‐7.3
‐14.5
‐3.3
‐1.6
0.0
* Figures represent 4‐quarters or annual price appreciation calculated from the same quarter one year earlier. For example, the figure of 10.7% under Average Sales Price represents the % change
between 2005 Q3 and 2006 Q3. All data supplied by the Mobile Multi‐List, 251.479.8654. For further information please contact:
Professor Donald Epley, Director, Center for Real Estate Studies
E-mail:
E mail: depley@usouthal.edu
depley@usouthal edu
Phone: 251.460.6735
MLS Office: 251.479.8654
Analysis completed by:
Michelle Pinochet, Researcher
Center for Real Estate Studies
Mitchell College of Business
University of South Alabama
Mobile Residential Report
Page 3
Quarterly Price Appreciation %