Mobile County listing prices remain strong

The Downtown/Midtown area of Mobile has 426 homes on the market with an average sales price of $185,214 (a 6% increase) and a median price of $139,700. In April, 39 homes sold in the Downtown/Midtown area of Mobile with an average sales price of $150,356 (up 27%!) and a median sales price of $139,000 (up 30%) and 65 days on the market.

April statistics for the Municipal Park area of Mobile show 132 homes on the market with an average list price of $125,251 (6% increase) and a median price of $124,900. In April, 20 homes have sold in the Municipal Park area of Mobile with an average sales price of $108,873 (a 12% increase over Jan - Mar) and a median sales price of $117,482. These homes were on the market for an average of 39 days prior to being sold.

In Springhill/ USA, there are 115 homes on the market with an average listing price of $422,633 and a median price of $244,800 (a 12% increase over Jan-Mar). Average days on the market for these homes is 111. In April, 19 homes have sold in the Springhill/USA area of Mobile with an average sales price of $216,337 and a median sales price of $166,000 and 99 days on the market. These sales figures are relatively unchanged from last quarter.

April 2008 statistics for the Cottage Hill area of Mobile indicate 333 homes on the market with an average list price of $217,416 (a 2% decline) and a median price of $169,500. In April, 58 homes have sold in the Cottage Hill area of Mobile with an average sales price of $179,108 (up 2%) and a median sales price of $137,950 (down 12%).

The West Mobile area has 277 homes presently on the market with an average listing price of $278,183 (up 2%) and a median price of $229,000. There were 44 homes sold in April in the West Mobile area, with an average sales price of $191,347 (up 7%) and a median sales price of $166,150 (up 10%). They stayed on the market an average of 80 days. Although it is taking 10 days longer for the average W. Mobile home to sell (compared to 1st quarter), prices are strong and increasing.

April 2008 statistics for the West Mobile County area has 288 homes on the market with an average listing price of $267,056 and a median price of $219,900. Days on the market averaged 98 days. These conditions are comparable to the first quarter of the year. In April, 39 homes sold in the W. Mobile County area with an average sales price of $225,292 (up 3%) and a median sales price of $186,900. The number of homes that are under contract in the W. Mobile County area is 43 with an average sales price of $199,715 (down 8%) and a median point of $169,500. Average days on the market was 85.

Mobile AL Real Estate by Barbara Reeves. Find Daphne Real Estate listings. Your REALTOR(R)representing Gulf Coast Alabama homes for sale and Daphne AL real estate needs whether you are buying, building or selling. 
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