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 % by Zone (2007 - 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 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 Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold Mobile Metro Area 2011 1 0.72 2.10 113 738 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -4.58 -2.72 -6.72 -3.25 -13.92 -6.49 -2.11 -8.72 -8.72 -2.78 -3.68 -10.45 -0.02 -0.76 -4.95 2.03 3.30 -3.08 3.70 4.10 -5.57 -12.00 -9.41 -1.97 -15.08 -5.12 2.04 -7.54 -6.60 -2.33 -1.33 -10.22 1.70 -1.06 -0.77 2.67 -0.57 -1.99 11.90 4.10 98 110 101 94 88 84 82 82 85 89 85 78 83 88 89 66 70 64 65 66 3305 699 776 1,069 629 3,472 863 996 900 698 4,118 778 1,083 1,256 955 5,096 1,101 1,351 1,966 1,149 2011 1 39.23 165.00 94 8 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -10.47 -7.50 -30.46 -29.03 1.18 -30.03 0.04 -37.97 -37.37 -52.46 -3.55 -10.65 15.09 -12.72 -30.01 -11.12 3.94 -13.97 -0.66 65.71 -24.71 11.90 -86.52 42.22 -51.92 -36.33 64.32 -38.45 -72.67 -69.39 0.56 -61.96 28.53 -28.63 -73.80 -14.63 11.77 9.76 15.70 12.72 98 147 48 47 92 113 180 55 29 252 85 37 107 76 131 77 79 92 70 112 19 7 5 1 6 27 5 11 5 5 40 9 7 15 9 52 20 11 13 4 01- Downtown Mobile Residential Report Page - 2 Price Appreciation % by Zone Zone / Year Quarter 1 - Qtr Average Sale Price * % 1 - Qtr Median Sale Price * % Average Days on Market Number Sold 02- MidTown South 2011 1 0.85 -35.43 88 6 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -40.94 -41.25 -54.11 -73.90 113.44 0.67 -4.34 5.15 7.46 -26.91 4.75 1.61 8.00 13.36 -21.88 -3.67 -7.25 -11.13 15.92 12.16 -50.91 -27.13 -60.53 -80.10 100.00 7.02 5.17 41.58 -7.28 5.48 -13.17 -0.27 21.38 -9.27 -9.86 -13.81 -0.14 8.22 25.00 101 89 91 66 179 93 85 120 96 32 68 46 57 91 63 54 60 64 55 64 26 8 7 6 5 37 11 12 10 2 51 13 10 20 7 62 19 14 13 16 2011 1 -24.09 0.84 125 34 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 1.90 8.91 1.40 1.21 -15.20 -9.41 -9.96 -18.92 -11.33 10.59 8.90 7.35 9.08 7.45 6.75 0.68 2.42 2.14 6.31 -10.86 -0.07 -7.01 -16.67 16.21 -20.18 -8.81 8.08 -11.22 -16.88 13.57 9.67 -11.56 11.18 11.33 13.34 0.67 2.40 7.04 2.49 6.07 105 122 88 105 95 77 66 85 85 68 77 72 86 82 69 67 70 80 55 64 143 34 23 55 30 157 37 45 36 40 199 34 54 64 43 294 59 75 96 62 03- Midtown East Mobile Residential Report Page - 3 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 04- Dauphin Island Parkway - North 2011 1 -6.36 -6.00 111 24 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -24.74 -39.56 -10.66 -21.33 -27.59 -7.84 10.62 -32.63 -8.27 14.11 -19.14 -16.78 -10.17 -19.25 -29.63 0.80 -9.76 -3.28 8.12 7.00 -31.58 -55.35 -14.72 -41.41 -25.00 -13.93 7.09 -41.66 5.32 8.40 -31.97 -18.32 -14.58 -36.49 -36.05 7.50 1.04 -7.69 9.62 7.71 79 75 84 75 82 75 71 52 100 81 81 85 79 88 84 56 62 62 50 51 127 23 38 29 36 115 23 33 24 35 187 41 54 45 39 203 44 57 52 50 2011 1 -22.82 -33.33 76 17 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 2.42 -16.50 -24.36 28.95 -4.57 -9.70 -14.67 -7.30 -7.06 -15.54 8.71 42.27 -10.93 -10.93 9.38 9.57 -1.56 -31.17 -18.22 34.28 21.08 44.33 -24.07 5.06 31.25 -12.54 -28.22 -0.06 -14.15 -13.98 3.15 23.33 -12.39 -12.39 7.78 5.88 0.00 -59.35 -19.36 46.39 81 85 102 83 71 78 104 50 53 97 67 71 64 71 65 47 48 62 59 40 74 13 14 22 23 91 24 20 22 25 124 29 37 30 27 127 35 20 16 17 07- MidTown West Mobile Residential Report Page - 4 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 09- MidCentral 2011 1 -28.64 8.67 76 14 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -27.37 -29.75 -34.59 -23.50 -31.40 14.72 -0.96 29.93 0.80 28.68 -14.97 -21.10 -4.83 -10.34 -13.43 -15.99 -16.98 -31.17 -18.22 34.28 -37.78 -62.41 -42.68 -25.14 -41.21 25.00 5.28 62.86 0.00 -0.69 -20.00 -36.83 -5.56 -22.22 -1.43 -13.39 83.70 -59.35 -19.36 46.39 75 105 46 38 113 78 57 69 88 92 72 34 96 83 72 58 57 62 59 40 59 14 10 17 16 63 13 14 22 14 85 17 17 24 26 50 26 20 16 17 10- Eight Mile/Prichard 2011 1 -26.12 -60.54 85 18 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -7.75 -54.42 24.31 -12.69 -8.72 -15.23 73.49 -38.77 -6.32 -36.80 -17.36 -13.24 11.68 -27.84 -1.40 -2.39 30.67 46.65 -19.99 -9.65 -14.53 -44.19 97.28 -49.94 10.35 -37.00 100.00 -61.89 -48.78 -52.31 -9.72 -10.22 9.33 -8.10 -16.87 -1.02 44.95 50.05 -19.58 1.53 88 92 88 81 95 73 95 76 73 60 86 62 90 102 48 56 48 44 51 88 51 9 18 13 11 56 8 16 15 17 51 17 13 10 14 57 14 28 24 24 Mobile Residential Report Page - 5 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 2011 1 1.47 16.40 126 19 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -11.37 -29.71 -10.34 35.71 -26.43 -18.15 -5.14 -23.03 -38.96 -10.00 -1.72 -8.90 1.33 12.88 -15.13 -0.18 8.47 -7.17 -15.30 21.43 -35.00 -55.97 -10.30 77.27 -47.50 -18.92 7.58 -36.27 -58.44 -13.61 -5.13 -13.06 -4.15 7.24 -15.13 8.83 12.15 -1.81 7.39 19.17 81 120 78 56 75 74 102 72 51 61 70 58 84 52 89 61 60 61 44 84 72 18 18 17 18 66 17 24 12 13 89 25 13 22 28 114 29 25 34 25 11- Chickasaw 14- Municipal Park / West Ctrl 2011 1 -3.87 -10.67 86 48 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -13.14 -33.47 -16.75 4.52 -21.40 -3.73 14.52 -10.88 -10.01 -1.17 -10.34 -18.40 -3.73 -8.26 -14.39 -3.30 -7.00 -9.09 -5.81 5.34 -10.05 -28.42 -21.49 -3.60 -14.68 -2.58 11.76 -19.42 -3.43 -7.72 -11.78 -19.05 -5.14 -8.03 -17.10 3.73 6.33 -6.60 4.88 14.72 87 88 65 116 64 63 76 58 48 72 77 72 71 76 87 59 72 59 62 51 155 31 34 56 34 212 50 60 51 50 267 44 62 83 74 298 67 83 78 79 Mobile Residential Report Page - 6 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 15- Springhill/USA 2011 1 9.49 10.76 126 35 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 12.14 70.45 19.79 -5.51 -6.35 -7.55 -26.40 14.43 -12.59 12.41 -4.58 -11.20 -13.02 10.15 -24.43 10.18 30.22 -17.25 14.90 18.81 5.99 35.14 51.96 17.86 -27.64 -6.71 -33.53 -21.34 -4.63 22.84 -0.06 -1.71 0.94 -13.65 7.28 17.45 29.73 -5.18 31.60 -0.67 140 173 144 127 139 94 73 90 110 105 85 124 67 95 66 73 75 78 75 72 135 27 28 53 22 183 50 48 48 36 194 31 49 60 50 253 47 72 72 59 16- Cottage Hill North 2011 1 -3.36 -9.28 121 55 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -12.46 -21.84 -8.18 -5.22 -15.97 -2.85 3.61 -12.48 -5.26 1.38 -9.60 -23.23 -20.66 -4.00 -11.67 7.75 21.07 -0.33 2.49 16.20 -7.95 -29.13 -13.90 2.39 -6.05 -2.73 -7.09 -4.15 -4.36 -7.87 -4.67 -10.84 11.55 -3.62 16.44 5.19 18.78 -11.51 13.60 -8.85 88 82 112 85 75 81 82 91 79 72 82 75 89 87 72 68 67 57 72 80 230 50 48 90 40 256 61 73 64 55 306 57 82 101 64 408 97 94 119 86 Mobile Residential Report Page - 7 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 17- Cottage Hill South 2011 1 4.54 -4.22 127 50 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -12.98 -17.92 -3.23 -20.70 -6.48 -15.34 -18.60 -17.27 -10.85 -17.52 1.23 2.37 3.31 5.04 -8.43 13.69 20.63 4.56 -2.65 27.08 -8.04 -8.08 -1.05 -15.00 -5.63 -4.67 -3.30 -4.33 5.30 -7.19 -6.25 -6.22 -8.26 -8.53 -4.31 8.14 2.59 9.69 4.23 15.40 84 107 77 86 72 83 83 90 74 90 82 61 74 86 95 62 73 56 55 69 178 36 47 40 51 207 46 58 66 37 242 39 57 81 63 275 48 65 85 81 2011 1 1.68 7.14 113 75 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -1.84 4.85 -1.56 6.31 -20.09 -6.44 -2.89 -5.16 -17.04 9.79 2.82 -10.42 3.08 6.88 3.40 -2.02 -3.06 8.74 2.68 -8.50 0.91 0.24 8.21 3.40 -19.08 -0.97 7.46 -10.49 -11.30 14.57 -4.32 -18.16 -1.82 5.96 -5.71 3.51 -2.06 10.24 -0.38 2.28 106 135 90 90 102 95 108 92 92 92 81 80 73 92 77 64 80 61 61 72 329 68 87 105 54 349 82 121 84 59 454 76 117 158 99 587 120 88 80 71 18- West Mobile Mobile Residential Report Page - 8 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 19- Tillman's Corner 2011 1 6.43 18.78 94 31 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -12.60 -34.14 -22.12 39.35 -43.11 2.46 15.91 4.32 -31.53 23.50 7.81 3.98 -1.73 7.31 21.20 4.57 -6.44 8.74 2.68 -8.50 -3.36 -42.84 -21.76 37.25 -35.71 -3.25 31.84 -12.50 -22.14 7.69 2.12 -11.36 -4.25 2.65 30.00 6.31 2.49 10.24 -0.38 2.28 91 103 108 83 53 67 47 60 80 87 90 93 91 85 94 53 57 61 61 72 155 39 24 50 25 139 42 43 26 25 140 29 40 40 29 162 32 88 80 71 20- Western Bay Shores 2011 1 15.09 72.13 123 14 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 15.76 136.90 -23.90 -6.84 23.15 -7.49 -25.22 1.18 -7.26 -22.77 -8.56 -14.34 7.37 -16.41 -25.30 15.97 27.47 -12.33 62.01 15.19 -15.58 69.88 -51.20 -10.00 30.77 10.40 9.09 13.64 -2.94 -56.12 -9.39 -52.02 10.55 5.26 5.80 13.64 81.04 3.59 38.09 15.25 107 92 132 107 85 96 89 81 137 65 117 89 83 146 186 88 63 83 82 130 95 22 25 28 17 71 10 24 22 13 86 16 30 26 10 129 19 46 36 23 Mobile Residential Report Page - 9 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 21- Dauphin Island Parkway - South 2011 1 -23.46 -9.71 99 22 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 9.57 64.34 31.84 -22.00 0.57 -26.51 -13.65 -47.38 -4.04 -38.39 -22.82 -48.95 -8.38 4.27 -2.33 7.46 39.33 12.45 -7.97 17.82 12.50 118.85 29.80 13.77 -12.50 -41.61 -39.95 -26.70 -49.32 -44.44 -14.27 -20.89 -35.62 0.87 -13.25 3.06 3.89 -7.94 6.42 10.67 112 101 94 137 106 83 71 70 81 111 95 82 98 89 109 78 75 68 89 81 87 21 19 28 19 106 25 24 30 26 106 19 32 29 29 150 30 43 47 35 22- S Mobile County / Theodore 2011 1 -9.61 -19.09 68 37 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -13.91 -32.05 -9.70 -13.70 -10.76 5.98 9.08 15.36 3.32 7.75 -13.87 -19.55 -21.43 -6.13 -10.68 0.26 5.19 15.53 -1.15 -16.50 -11.21 -15.94 -20.17 -11.65 -1.79 -1.75 -8.41 6.49 -5.00 -2.01 -4.68 -6.77 -10.60 0.79 -3.54 4.96 5.12 12.36 2.70 3.72 80 104 96 69 60 80 78 73 67 107 78 92 74 74 74 55 64 56 52 50 196 39 49 68 29 187 58 51 40 39 212 49 52 61 48 243 46 74 64 59 Mobile Residential Report Page - 10 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 23- Grand Bay North 2011 1 -19.79 -13.33 71 16 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 3.62 -7.21 -9.25 12.64 6.00 -3.19 12.04 -20.31 11.53 -11.12 -19.40 -5.41 7.23 -28.19 -31.43 4.54 -24.21 -12.87 18.72 27.26 -13.65 -20.43 -8.48 25.46 -20.00 4.84 49.04 -27.74 1.85 4.45 -23.07 -34.62 8.46 -24.45 -39.42 1.04 -20.65 -10.49 5.12 22.00 80 52 105 78 100 76 100 67 61 97 79 88 71 89 59 55 60 63 37 73 66 14 15 24 13 68 16 18 22 14 70 12 19 25 14 134 28 15 52 39 24- West Mobile County 2011 1 -5.67 4.75 189 57 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -0.70 6.65 0.39 -7.20 -6.59 -8.31 -8.16 -12.02 -4.65 -9.31 -4.63 -12.88 -8.53 1.78 2.05 8.36 3.60 14.01 7.36 11.14 -1.32 -2.16 -5.34 -3.95 -16.92 -6.37 -10.32 -8.49 -7.79 -1.83 -1.58 -7.07 -3.93 6.70 -0.58 8.89 6.32 16.44 5.95 15.02 108 101 114 90 129 85 59 87 100 103 97 91 81 96 102 64 68 66 65 59 288 60 67 101 34 290 79 80 81 50 359 48 125 124 80 501 120 130 149 103 Mobile Residential Report Page - 11 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 2011 1 11.20 25.91 104 45 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -3.57 -9.93 2.69 0.07 -32.28 -6.89 -21.41 -7.60 1.26 18.99 11.98 21.93 2.16 2.75 7.36 1.74 5.13 6.11 12.00 26.33 -0.87 -9.79 5.36 2.38 -37.61 -4.19 -25.39 -9.01 -1.28 21.65 12.68 35.06 7.71 9.69 13.96 5.28 11.00 4.59 6.15 25.39 104 133 121 100 66 90 92 80 97 94 66 56 61 80 80 68 79 63 64 77 272 47 58 105 31 273 67 77 69 59 290 60 66 73 70 268 52 74 85 63 25- Semmes 26- Semmes / Wilmer Lott Rd 2011 1 41.19 101.61 108 51 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -7.46 -13.31 -11.05 6.79 -36.52 -6.01 5.36 -11.72 -7.88 -4.35 -3.16 -10.26 3.47 -6.96 3.91 -1.49 -14.60 0.90 -0.20 -30.96 -7.42 -4.16 -7.86 -4.08 -51.30 -11.12 -9.05 -11.64 -11.86 -9.70 1.03 -10.00 -4.45 5.92 3.80 2.72 -4.93 10.39 0.43 -20.11 99 98 102 100 84 77 80 96 67 69 89 67 81 83 123 80 92 84 78 72 157 35 37 55 21 201 49 46 68 37 212 45 53 62 49 245 49 68 69 39 Mobile Residential Report Page - 12 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 2011 1 2.65 -0.84 114 30 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -6.46 -11.03 -5.17 -27.00 -4.57 -0.29 -4.16 -7.50 13.08 2.09 -6.86 -9.26 -13.40 -7.04 0.50 8.09 5.26 9.49 5.79 -4.12 -3.00 12.83 0.00 -15.40 -1.88 1.71 -3.72 4.34 -1.59 3.16 -8.90 -10.37 -9.24 -5.65 -6.79 8.40 10.29 2.96 -4.55 14.26 101 98 116 94 96 95 98 92 107 90 83 66 99 89 80 61 67 71 52 55 148 36 35 35 39 117 32 38 34 15 120 29 29 33 27 133 33 35 36 46 27- Saraland 28- Saraland / Satsuma Axis / Creola 2011 1 21.54 22.60 107 10 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -7.17 3.17 -10.20 1.04 -22.79 -8.05 -12.82 0.82 -16.31 1.12 -1.51 2.69 -13.38 -7.68 5.81 3.58 -5.30 32.34 26.54 -2.12 1.49 17.80 -2.79 0.78 -6.72 -9.40 -9.32 -6.73 -16.48 -4.66 0.27 -2.72 -9.27 -0.87 -0.10 3.07 1.94 22.55 5.19 1.79 99 86 109 100 93 86 75 84 93 74 96 73 87 100 108 66 73 66 80 56 127 24 39 36 25 91 28 27 20 14 126 20 29 42 34 161 34 24 41 44 Mobile Residential Report Page - 13 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 29- NE Mobile City / Mt Vernon 2011 1 -67.19 100.00 230 2 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -11.06 -46.73 -16.74 157.09 121.21 -17.35 101.33 -30.84 -74.61 -40.21 -8.21 -15.02 -9.18 52.04 -47.29 -16.47 -46.89 -37.32 -27.97 93.94 15.23 -32.22 0.00 135.72 -100.00 -39.88 37.29 -40.88 -68.18 -44.44 -0.84 18.00 6.00 38.71 -20.28 -14.07 -54.65 -33.92 -26.52 37.39 97 68 104 115 70 102 136 78 33 124 99 86 59 90 155 75 34 69 71 146 22 5 9 6 2 23 8 7 3 5 27 7 6 7 7 43 9 15 12 7 2011 1 -20.48 -24.53 164 12 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 -3.31 -5.75 -10.07 -12.22 35.10 -25.45 -35.98 -17.85 -24.11 -39.95 1.91 46.99 9.66 -13.95 18.16 -19.65 -20.50 -35.98 -3.96 -35.80 5.33 2.88 5.05 2.84 32.12 -19.64 -4.44 -26.84 -33.77 -22.02 5.66 -6.25 18.00 -14.81 1.98 -27.79 -4.95 -20.34 -5.59 -32.40 147 246 119 121 119 157 141 163 118 292 294 364 431 149 220 177 137 67 210 171 55 12 9 18 16 50 12 14 18 6 41 6 14 11 10 39 10 4 16 12 30- Dauphin Island Mobile Residential Report Page - 14 Price Appreciation % by Zone Zone / Year Quarter 4 - Qtr Average Sale Price * % 4 - Qtr Median Sale Price * % Average Days on Market Number Sold 31- NW Mobile City / Citronelle 2011 1 -34.71 -4.82 98 8 Annual 2010 4 3 2 2010 1 Annual 2009 4 3 2 2009 1 Annual 2008 4 3 2 2008 1 Annual 2007 4 3 2 2007 1 10.78 1.73 15.42 13.95 -0.48 -13.13 -34.50 -24.32 31.16 -4.10 5.10 3.63 25.64 0.52 17.93 -4.04 20.30 -2.30 -20.38 -0.82 -15.53 -15.98 1.94 -1.74 24.56 -3.93 15.48 -18.42 55.41 -49.83 -11.94 -32.80 23.77 -26.22 -14.26 10.78 4.64 -2.86 21.33 -2.86 118 202 113 88 79 81 53 106 116 36 88 139 78 84 77 114 90 100 125 135 43 8 13 11 10 37 10 12 8 7 40 6 16 10 8 54 11 13 18 12 * Figures represent 4-quarter or annual price appreciation calculated from the same quarter one year earlier. For example, the Downtown median percent change between 2006 Q2 and 2007 Q2 equaled 15.7% change on the 13 sold properties. For further information please contact: Professor Don Epley, Director, Center for Real Estate Studies E-mail: depley@usouthal.edu Phone: 251.460.6735 MLS Office: 251.479.8654 Analysis completed by: Mobile Residential Report Michelle Pinochet Mitchell College of Business The Center for Real Estate Studies University of South Alabama Page - 15 Price Appreciation % by Zone