Mobile Area Association of Realtors
2827 Airport, Mobile, AL 36606
Telephone: 251.479.8654
Website: www.mobilerealtor.com
Mobile Residential Reports
Four-Quarter Price Appreciation %
2001 - Current
Spring 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
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 %
Mobile MSA (City + County)
Residential Housing Market (2001 - Current)
Four-Quarter Price Appreciation (%)
Spring 2011
4 - Qtr
4 - Qtr
4 - Qtr
Avg Sales
Avg Sales
Median Sales
Price *
Price S.F. *
Price *
%
%
%
4 - Qtr
Conv Sales
Price S.F. *
%
4 - Qtr
FHA Sales
Price S.F. *
%
4 - Qtr
Cash Sales
Price S.F. *
%
Zone
Year
Qtr
2011 1
41
0.7
2.1
-1.5
6.6
-6.7
-14.6
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
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
-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
-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
-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
-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
-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
-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
-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
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
-6.3
-8.4
-2.4
-6.3
-1.3
-1.2
-2.4
-2.4
-2.4
5.0
-1.2
0.0
1.2
-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
-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
-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 (%)
Spring 2011
Zone
Year
2002 1
4
3
2
2001 1
Qtr
5
4
3
2
1
1 - Qtr
1 - Qtr
1 - Qtr
Avg Sales
Avg Sales
Median Sales
Price *
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
1 - Qtr
Conv Sales
Price S.F. *
%
1 - Qtr
FHA Sales
Price S.F. *
%
1 - Qtr
Cash Sales
Price S.F. *
%
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: depley@usouthal.edu
Phone: 251.460.6735
MLS Office: 251.479.8654
Analysis completed by:
Michelle Pinochet
Center for Real Estate Studies
Mitchell College of Business
University of South Alabama
Mobile Residential Report
Page 3
Quarterly Price Appreciation %