Mobile Area Association of Realtors 2827 Airport, Mobile, AL 36606 Telephone: 251.479.8654 Website: www.mobilerealtor.com Mobile Residential Reports Price Range of Sold Properties Summer 2011 This report is available at the Center for Real Estate Studies (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 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 Range of Sold Properties Mobile MSA (City + County) Price Range of Sold Properties Summer 2011 2008 Annual 2009 Qrt 1 2009 Qrt 2 2009 Qrt 3 2009 Qrt 4 2009 Annual 2010 Qrt 1 2010 Qrt 2 2010 Qrt 3 2010 Qrt 4 2010 Annual 2011 Qrt 1 2011 Qrt 2 97 17 23 28 12 93 38 29 38 38 144 49 228 65 58 74 61 284 79 81 85 68 317 93 249 51 58 60 41 240 46 64 57 55 223 57 254 47 57 55 65 283 58 69 58 68 257 72 387 68 81 104 112 449 62 112 83 77 338 77 426 71 116 114 114 517 84 118 84 78 376 64 563 89 129 152 128 611 65 136 82 71 376 81 60 103 77 87 79 91 98 under $140,000 $140000-159999 $160000-179999 $180000-199999 $200000-219999 $220000-239999 $240000-259999 $260000-279999 $280000-299999 2204 408 522 587 533 2477 432 609 487 455 2031 493 469 59 89 94 96 449 52 98 68 74 308 71 324 59 74 77 59 380 34 80 52 32 207 46 221 41 40 56 42 279 18 65 41 34 177 32 151 19 24 39 24 165 12 61 23 19 126 19 160 34 35 43 22 196 22 36 14 17 97 9 126 17 22 28 19 127 16 20 20 17 78 17 $300000-349999 $350000-399999 $400000-449999 $450000-499999 $500000-549999 $550000-599999 $600000-649999 $650000-699999 $700000-749999 $750000-799999 Price Range $0-19999 $20000-39999 $40000-59999 $60000-79999 $80000-99999 $100000-119999 $120000-139999 Mobile Residential Report 100 17 27 18 16 113 8 27 21 10 72 10 53 10 13 11 7 69 7 18 6 4 42 8 98 14 21 16 19 129 14 18 16 10 59 12 46 9 10 4 7 75 2 11 10 8 32 3 35 3 10 4 10 53 1 5 7 8 21 10 25 3 4 6 2 34 4 8 2 2 16 0 17 0 2 4 2 21 2 5 2 4 13 2 17 1 0 2 1 13 2 4 3 0 11 3 9 1 2 1 1 10 0 0 0 0 1 1 8 0 1 1 0 6 0 2 2 2 6 0 3 0 0 0 0 3 0 0 0 1 1 0 4 0 0 1 1 3 0 2 0 0 2 0 Page - 2 595 67 49 33 39 25 22 19 11 13 20 9 1 3 2 2 0 1 1 Price Range of Sold Properties Price Range of Sold Properties Summer 2011 2008 Annual 2009 Qrt 1 2009 Qrt 2 2009 Qrt 3 2009 Qrt 4 2009 Annual 2010 Qrt 1 2010 Qrt 2 2010 Qrt 3 2010 Qrt4 2010 Annual 2011 Qrt 1 2011 Qrt 2 $800000-849999 $850000-899999 $900000-949999 $950000-999999 1 0 0 1 1 4 0 0 2 0 0 1 1 0 3 0 0 0 1 2 2 0 1 1 0 4 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 2 2 0 1 0 0 0 1 0 $1m-1199999 $1.2m-1399999 $1.4m-1599999 $1.6m-1799999 $1.8m-1999999 $2.0m and over 5 1 1 0 1 4 0 0 0 0 0 0 2 0 0 1 0 3 0 0 1 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 3 0 0 0 2 2 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 1 1 0 2 1 0 0 0 0 Highest Price $2.625m $1.42m $2.2m $1.4m $1.1m 2.2m $1.35m $2.016m $2.016m $850,000 $1,375,000 Lowest Price $3,500 $6,900 $10,000 $5,000 $9,500 $2,000 $4,800 $6,000 $3,500 $1,500 $4,500 $135,376 $136,493 $121,642 $132,580 110 98 113 108 Price Range Avg Sales Price $152,895 Avg Days on Mkt 89 $140,460 $148,609 $142,436 $139,261 $158,600 92 88 85 86 $950,000 $773,000 $3,500 $4,000 $120,773 $143,781 $132,871 96 88 94 101 All data supplied by the Mobile Multi-List: 251.479.8654 For further information please contact: Dr. Don Epley, Director, Center for Real Estate Studies E-mail: depley@usouthal.edu Phone: 251.460.6735 Analysis completed by: Mobile Residential Report Michelle Pinochet, Researcher Mitchell College of Business The Center for Real Estate Studies University of South Alabama Page - 3 Price Range of Sold Properties