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 Winter 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 The data was assembled by Meredith McCutchen, Research Associate 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 Winter 2011 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 12 93 38 29 38 38 144 49 60 61 284 79 81 85 68 317 93 103 41 240 46 64 57 55 223 57 77 65 283 58 69 58 68 257 72 87 112 449 62 112 83 77 338 77 79 114 517 84 118 84 78 376 64 91 128 611 65 136 82 71 376 81 98 under $140,000 $140000-159999 $160000-179999 $180000-199999 $200000-219999 $220000-239999 $240000-259999 $260000-279999 $280000-299999 533 2477 432 609 487 455 2031 493 595 96 449 52 98 68 74 308 71 67 59 380 34 80 52 32 207 46 49 42 279 18 65 41 34 177 32 33 24 165 12 61 23 19 126 19 39 22 196 22 36 14 17 97 9 25 19 127 16 20 20 17 78 17 22 16 113 8 27 21 10 72 10 19 7 69 7 18 6 4 42 8 11 $300000-349999 $350000-399999 $400000-449999 $450000-499999 $500000-549999 $550000-599999 $600000-649999 $650000-699999 $700000-749999 $750000-799999 19 129 14 18 16 10 59 12 13 7 75 2 11 10 8 32 3 20 10 53 1 5 7 8 21 10 9 2 34 4 8 2 2 16 0 1 2 21 2 5 2 4 13 2 3 1 13 2 4 3 0 11 3 2 1 10 0 0 0 0 1 1 2 0 6 0 2 2 2 6 0 0 0 3 0 0 0 1 1 0 1 1 3 0 2 0 0 2 0 1 Price Range $0-19999 $20000-39999 $40000-59999 $60000-79999 $80000-99999 $100000-119999 $120000-139999 Mobile Residential Report Page - 2 2011 Qrt 3 65 133 87 83 93 91 90 2011 Qtr4 2011 Annual 54 112 82 91 89 74 72 229 442 304 335 337 320 342 642 49 58 38 27 16 21 13 11 574 57 43 31 22 17 16 13 7 2309 245 196 134 108 67 76 55 38 12 10 8 1 4 2 1 1 2 0 14 7 2 2 3 1 0 0 1 0 51 40 29 4 12 8 4 1 4 1 Price Range of Sold Properties Price Range of Sold Properties Winter 2011 Price Range $800000-849999 $850000-899999 $900000-949999 $950000-999999 2009 Qrt 4 2009 Annual 2010 Qrt 1 2010 Qrt 2 2010 Qrt 3 2010 Qrt4 2010 Annual 2011 Qrt 1 2011 Qrt 2 1 4 0 0 2 2 0 0 0 3 0 0 0 1 2 0 0 0 0 1 0 1 0 0 0 4 0 0 0 0 1 0 0 1 0 0 1 4 0 0 0 0 0 0 2 0 3 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 3 0 0 0 2 2 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 Highest Price $1.1m $2.2m $1.35m $2.016m Lowest Price $9,500 $2,000 $4,800 $6,000 $1m-1199999 $1.2m-1399999 $1.4m-1599999 $1.6m-1799999 $1.8m-1999999 $2.0m and over Avg Sales Price $139,261 $158,600 Avg Days on Mkt 86 96 $950,000 $773,000 $3,500 $4,000 $2.016m $850,000 $3,500 $1,500 $120,773 $143,781 $132,871 $135,376 $136,493 $121,642 88 94 101 110 98 113 $1.375m $4,500 $132,580 108 2011 Qrt 3 0 0 1 0 2011 Qtr 4 2011 Annual 0 2 0 0 0 4 2 0 0 0 0 0 0 0 0 0 0 0 0 0 2 1 0 0 0 0 $900,000 $882,500 $1.375m $5,000 $3,050 $1,500 $118,498 $114,411 $122,007 114 105 110 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: Meredith McCutchen, Research Associate Mitchell College of Business The Center for Real Estate Studies University of South Alabama 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 - 3 Price Range of Sold Properties