Mobile Area Association of Realtors 2827 Airport, Mobile, AL 36606 Telephone: 251.479.8654 Website: www.mobilerealtor.com Mobile Residential Reports Quarterly and Annual Housing Unit Building Permits Private Permits Only (Census) Summer, 2010 Mobile MSA Residential Housing Market 2003 - Current This report is available at on the Center for Real Estate Studies Website: http://cres.southalabama.edu/ Center for Real Estate Studies Mitchell College of Business University of South Alabama 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. Residential Report Page - 1 of 9 Private Permits - Summer 2010 Private Permits Only Total Mobile Year / Quarter Total # 1 Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 189 292 1123 282 360 312 151 1394 233 289 189 291 1043 263 352 290 149 1337 221 286 Cost One Family $32,568,631 $52,399,463 $110,454,882 $47,322,692 $62,603,030 $59,523,566 $25,563,338 $109,293,328 $38,715,204 $51,721,101 2008 2 2008 1 414 426 414 396 Annual 2007 2007 4 2007 3 2007 2 2007 1 2,064 322 449 794 499 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 2,519 775 566 558 620 2,120 2,316 1,625 1,648 Residential Report 0 0 4 1 0 3 1 5 0 1 Cost Two Family $0 $0 $396,600 $194,600 $0 $137,000 $194,600 $831,504 $0 $45,000 $74,977,905 $69,379,357 0 4 $0 $786,504 0 0 $0 $0 0 26 $0 $24,224,782 1,624 270 389 548 417 $278,628,184 $46,922,948 $65,112,063 $94,829,283 $71,635,862 2 0 0 0 2 $170,907 $0 $0 $0 $170,907 0 0 0 0 0 $0 $0 $0 $0 $0 438 52 60 246 80 $40,553,199 $5,159,240 $5,785,500 $23,901,678 $5,706,781 2,102 479 561 508 554 1,798 1,695 1,606 1,574 $274,635,862 $77,727,633 $31,453,788 $81,748,971 $83,705,470 $200,400,501 $179,777,687 $155,028,005 $147,543,806 2 0 0 2 0 0 2 2 0 $170,907 $0 $0 $170,907 $0 $0 $299,280 $88,118 $0 48 0 0 48 0 0 32 4 14 $4,364,196 $0 $0 $4,364,196 $0 $0 $1,693,200 $408,000 $581,130 367 296 5 0 66 322 587 13 60 $23,137,619 $17,052,664 $494,455 $0 $5,590,500 $42,537,976 $32,408,534 $440,036 $1,860,580 2 Family Page - 2 of 9 3-4 Family Cost 3-4 Family 5+ Family 0 1 3 2 0 0 0 0 0 0 $0 $225,000 $945,000 $720,000 $0 $0 $0 $0 $0 $0 0 0 73 16 8 19 1 52 12 2 Cost Five Family $0 $0 $70,804,700 $22,409,000 $8,100,000 $26,716,000 $312,500 $25,311,988 $18,931,019 $4,106,603 Private Permits - Summer 2010 Private Permits Only Citronelle Year / Quarter Total # 1 Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 3 2 11 1 2 4 2 12 2 4 3 2 10 1 2 3 2 11 2 3 Cost One Family $94,415 $100,810 $561,671 $50,405 $101,985 $164,950 $119,422 $554,450 $117,071 $111,395 2008 2 2008 1 4 3 4 3 Annual 2007 2007 4 2007 3 2007 2 2007 1 22 4 12 1 5 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 13 3 5 2 3 17 12 19 0 Residential Report 0 0 1 0 0 1 0 1 0 1 Cost Two Family $0 $0 $72,000 $0 $0 $72,000 $0 $45,000 $0 $45,000 $226,158 $188,277 0 0 $0 $0 0 0 $0 $0 0 0 $0 $0 22 4 12 1 5 $1,223,120 $476,250 $478,395 $39,475 $229,000 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 $0 $0 $0 $0 $0 13 3 5 2 3 17 12 19 0 $748,205 $165,470 $263,450 $110,325 $208,960 $901,580 $704,570 $1,064,790 $0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 2 Family Page - 3 of 9 3-4 Family Cost 3-4 Family 5+ Family 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 Cost Five Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Private Permits - Summer 2010 Private Permits Only Dauphin Island Town Year / Quarter Total # 1 Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 3 2 8 1 1 3 3 30 2 14 3 2 8 1 1 3 3 30 2 14 Cost One Family $518,650 $277,550 $1,359,093 $175,000 $187,630 $435,240 $561,223 $4,928,518 $307,000 $2,330,958 2008 2 2008 1 8 8 8 8 Annual 2007 2007 4 2007 3 2007 2 2007 1 15 2 6 7 0 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 11 2 9 0 0 211 61 59 33 Residential Report 0 0 0 0 0 0 0 0 0 0 Cost Two Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,369,080 $1,195,648 0 0 $0 $0 0 0 $0 $0 0 0 $0 $0 15 2 6 7 0 $2,637,186 $191,200 $1,285,780 $1,160,206 $0 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 $0 $0 $0 $0 $0 11 2 9 0 0 67 54 59 33 $1,584,000 $450,000 $1,134,000 $0 $0 $9,088,272 $7,100,877 $6,125,420 $3,807,643 0 0 0 0 0 0 2 0 0 $0 $0 $0 $0 $0 $0 $299,280 $0 $0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 144 5 0 0 $0 $0 $0 $0 $0 $28,204,980 $450,000 $0 $0 2 Family Page - 4 of 9 3-4 Family Cost 3-4 Family 5+ Family 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 Cost Five Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Private Permits - Summer 2010 Private Permits Only Mobile (City) Year / Quarter Total # 1 Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 28 65 252 60 53 57 50 288 64 44 28 64 187 41 53 41 49 248 64 44 Cost One Family $4,894,117 $11,733,362 $36,434,837 $7,529,542 $9,424,775 $7,983,670 $8,661,087 $5,443,116 $10,936,649 $9,777,993 2008 2 2008 1 75 108 75 79 Annual 2007 2007 4 2007 3 2007 2 2007 1 652 65 126 300 161 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 619 279 99 77 164 350 451 238 269 Residential Report 0 0 1 1 0 0 1 4 0 0 Cost Two Family $0 $0 $194,600 $194,600 $0 $0 $194,600 $786,504 $0 $0 $14,887,856 $16,439,053 0 4 $0 $786,504 0 0 $0 $0 0 25 $0 $24,068,532 266 65 66 54 81 $57,533,576 $14,125,114 $12,242,760 $11,817,993 $19,347,709 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 $0 $0 $0 $0 $0 386 0 60 246 80 $35,393,959 $0 $5,785,500 $23,901,678 $5,706,781 361 87 99 77 98 212 191 234 245 $69,400,280 $16,029,998 $21,465,793 $14,265,013 $17,639,476 $55,493,848 $42,870,284 $35,278,917 $32,761,320 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 32 4 0 $0 $0 $0 $0 $0 $0 $1,693,200 $408,000 $0 258 192 0 0 66 138 228 0 24 $12,358,500 $6,768,000 $0 $0 $5,590,500 $13,082,996 $16,355,000 $0 $761,500 2 Family Page - 5 of 9 3-4 Family Cost 3-4 Family 5+ Family 0 1 3 2 0 0 0 0 0 0 $0 $225,000 $945,000 $720,000 $0 $0 $0 $0 $0 $0 0 0 61 16 0 16 0 36 0 0 Cost Five Family $0 $0 $54,392,200 $22,409,000 $0 $18,616,000 $0 $3,624,932 $0 Private Permits - Summer 2010 Private Permits Only County Unincorporated Year / Quarter Total # 1 Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 147 211 805 204 290 230 86 1002 157 211 147 211 794 204 282 227 86 989 145 210 Cost One Family $25,510,411 $38,006,184 $65,445,716 $36,745,316 $50,794,994 $47,921,530 $14,644,512 $86,744,140 $25,638,044 $36,699,500 2008 2 2008 1 311 286 311 286 Annual 2007 2007 4 2007 3 2007 2 2007 1 1332 218 305 480 329 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 1,820 486 442 479 413 1,392 1,404 1,205 1,230 Residential Report 0 0 0 0 0 0 0 0 0 0 Cost Two Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $54,872,811 $47,921,530 0 0 $0 $0 0 0 $0 $0 0 0 $0 $0 1278 166 305 480 327 $211,415,203 $27,814,595 $51,105,128 $80,938,418 $51,557,062 2 0 0 0 2 $170,907 $0 $0 $0 $170,907 0 0 0 0 0 $0 $0 $0 $0 $0 52 52 0 0 0 $5,159,240 $5,159,240 $0 $0 $0 1,661 382 437 429 413 1,392 1,250 1,195 1,222 $194,619,328 $59,992,372 $6,863,017 $37,373,633 $60,390,306 $114,453,250 $100,906,056 $94,082,529 $97,832,071 2 0 0 2 0 0 0 2 0 $170,907 $0 $0 $170,907 $0 $0 $0 $88,118 $0 48 0 0 48 0 0 0 0 8 $4,364,196 $0 $0 $4,364,196 $0 $0 $0 $0 $253,200 109 104 5 0 0 0 154 8 0 $10,779,119 $10,274,664 $494,455 $0 $0 $0 $5,603,534 $287,386 $0 2 Family Page - 6 of 9 3-4 Family Cost 3-4 Family 5+ Family 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 11 0 8 3 0 13 12 1 Cost Five Family $0 $0 $16,100,000 $0 $8,000,000 $8,100,000 $0 $20,905,806 $18,931,019 $3,794,103 Private Permits - Summer 2010 Private Permits Only Prichard Year / Quarter Total # 1 Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 2 2 22 6 3 8 5 9 1 5 2 2 20 6 3 6 5 9 1 5 Cost One Family $365,792 $209,500 $2,060,045 $750,372 $209,000 $946,119 $697,094 $1,262,813 $176,440 $582,255 2008 2 2008 1 2 1 2 1 Annual 2007 2007 4 2007 3 2007 2 2007 1 28 18 0 6 4 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 56 5 11 0 40 24 288 11 18 Residential Report 0 0 2 0 0 2 0 0 0 0 Cost Two Family $0 $0 $130,000 $0 $0 $65,000 $0 $0 $0 $0 $488,000 $167,558 0 0 $0 $0 0 0 $0 $0 0 0 $0 $0 28 18 0 6 4 $3,524,099 $2,020,789 $0 $873,191 $630,119 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 $0 $0 $0 $0 $0 56 5 11 0 40 24 88 11 12 $8,284,049 $1,089,793 $1,727,528 $0 $5,466,728 $3,668,325 $8,984,848 $1,046,763 $1,321,400 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 6 $0 $0 $0 $0 $0 $0 $0 $0 $327,930 0 0 0 0 0 0 200 0 0 $0 $0 $0 $0 $0 $0 $10,000,000 $0 $0 2 Family Page - 7 of 9 3-4 Family Cost 3-4 Family 5+ Family 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 Cost Five Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Private Permits - Summer 2010 Private Permits Only Saraland Year / Quarter Total # 1 Family 2010 2 2010 1 Annual 2009 2009 4 2009 3 2009 2 2009 1 Annual 2008 2008 4 2008 3 6 10 25 10 11 10 5 53 7 11 6 10 24 10 11 10 4 50 7 10 Cost One Family $1,185,246 $2,072,057 $4,593,520 $2,072,057 $1,884,646 $2,072,057 $880,000 $10,360,291 $1,540,000 $2,219,000 2008 2 2008 1 14 20 14 19 Annual 2007 2007 4 2007 3 2007 2 2007 1 15 15 0 0 0 Annual 2006 2006 4 2006 3 2006 2 2006 1 Annual 2005 Annual 2004 Annual 2003 Annual 2002 0 0 0 0 0 126 100 93 98 Residential Report 0 0 0 0 0 0 0 0 0 0 Cost Two Family $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,134,000 $3,467,291 0 0 $0 $0 0 0 $0 $0 0 1 $0 $156,250 15 15 0 0 0 $2,295,000 $2,295,000 $0 $0 $0 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 86 100 88 62 $0 $0 $0 $0 $0 $16,794,726 $19,211,052 $17,429,586 $11,821,372 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 0 0 0 40 0 5 36 $0 $0 $0 $0 $0 $1,250,000 $0 $152,650 $1,099,080 2 Family Page - 8 of 9 3-4 Family Cost 3-4 Family 5+ Family 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0 0 1 0 0 0 1 3 0 1 Cost Five Family $0 $0 $312,500 $0 $0 $0 $312,500 $781,250 $0 $312,500 Private Permits - Summer 2010 Private Permits Only Disclaimer: Annual totals may not total quarterly totals. Notes: All data supplied by the U.S. Bureau of the Census;. Analysis done by the Mitchell College of Business Center for Real Estate Studies; For additional information, contact: Don Epley, Director of the Center for Real Estate Studies Phone: 251.460.6736 E-mail: depley@usouthal.edu This data for this report was completed by: Residential Report Tyler Davis, MBA Student Center for Real Estate Studies Mitchell College of Business Page - 9 of 9 Private Permits - Summer 2010