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 Spring 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 Spring 2011 2008 Qrt 4 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 $0-19999 $20000-39999 $40000-59999 $60000-79999 $80000-99999 $100000-119999 $120000-139999 26 97 17 23 28 12 93 38 29 38 38 144 58 228 65 58 74 61 284 79 81 85 68 317 59 249 51 58 60 41 240 46 64 57 55 223 76 254 47 57 55 65 283 58 69 58 68 257 71 387 68 81 104 112 449 62 112 83 77 338 85 97 426 563 71 89 116 129 114 152 114 128 517 611 84 65 118 136 84 82 78 71 376 376 49 93 57 72 77 64 81 under $140,000 $140000-159999 $160000-179999 $180000-199999 $200000-219999 $220000-239999 $240000-259999 $260000-279999 $280000-299999 472 2204 408 522 587 533 2477 432 609 487 455 2031 66 469 59 89 94 96 449 52 98 68 74 308 61 324 59 74 77 59 380 34 80 52 32 207 35 221 41 40 56 42 279 18 65 41 34 177 20 151 19 24 39 24 165 12 61 23 19 126 36 160 34 35 43 22 196 22 36 14 17 97 19 126 17 22 28 19 127 16 20 20 17 78 20 13 100 53 17 10 27 13 18 11 16 7 113 69 8 7 27 18 21 6 10 4 72 42 $300000-349999 $350000-399999 $400000-449999 $450000-499999 $500000-549999 $550000-599999 $600000-649999 $650000-699999 $700000-749999 $750000-799999 9 98 14 21 16 19 129 14 18 16 10 59 4 46 9 10 4 7 75 2 11 10 8 32 3 35 3 10 4 10 53 1 5 7 8 21 3 25 3 4 6 2 34 4 8 2 2 16 1 17 0 2 4 2 21 2 5 2 4 13 4 17 1 0 2 1 13 2 4 3 0 11 3 9 1 2 1 1 10 0 0 0 0 1 3 8 0 1 1 0 6 0 2 2 2 6 1 3 3 4 0 0 0 0 0 1 0 1 3 3 0 0 0 2 0 0 1 0 1 2 Price Range Mobile Residential Report Page - 2 493 71 46 32 19 9 17 10 8 12 3 10 0 2 3 1 0 0 0 Price Range of Sold Properties Price Range of Sold Properties Spring 2011 2008 Qrt 4 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 $800000-849999 $850000-899999 $900000-949999 $950000-999999 1 1 0 0 1 1 4 0 0 2 2 0 1 1 0 3 0 0 0 1 0 0 2 1 0 0 1 0 1 0 0 0 4 0 0 1 0 0 0 1 0 0 2 0 0 0 0 1 0 2 0 0 $1m-1199999 $1.2m-1399999 $1.4m-1599999 $1.6m-1799999 $1.8m-1999999 $2.0m and over 0 5 1 1 0 1 4 0 0 0 0 0 1 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 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 Highest Price $1.35m $2.625m $1.42m $2.2m $1.4m $1.1m 2.2m $1.35m $2.016m $2.016m $850,000 Lowest Price $3,500 $3,500 $6,900 $10,000 $5,000 $9,500 $2,000 $4,800 $6,000 $3,500 $1,500 Avg Sales Price 142,257 $152,895 $132,871 $135,376 $136,493 $121,642 82 89 101 110 98 113 Price Range Avg Days on Mkt $950,000 $773,000 $3,500 $4,000 $140,460 $148,609 $142,436 $139,261 $158,600 $120,773 $143,781 92 88 85 86 96 88 94 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 Mitchell College of Business The Center for Real Estate Studies University of South Alabama Page - 3 Price Range of Sold Properties