In August, 30 homes have sold in the Downtown/ Midtown area of Mobile with an average sales price of $137,877, up 5.5%. The median sales price was $126,000. These homes were on the market an average of 79 days.

18 homes have sold in the Municipal Park area of Mobile with an average sales price of $96,139 (down 8%) and a median sales price of $93,250 (down 20%). These homes were on the market for an average of 66 days prior to being sold, 17 days quicker than in July.

9 homes have sold during August in the Springhill/USA area of Mobile with an average sales price of $189,292, down significantly by 28%. The median sales price of $178,000 is down 3% and the homes are averaging 84 days on the market.

The Cottage Hill area of Mobile saw 42 homes sold during August with an average sales price of $184,281, down almost 16%. The median sales price of $143,296 down 12%. These homes were on the market an average of 75 days.

In August, 42 homes sold in the West Mobile area with an average sales price up 4% to $191,888 and a median sales price of $155,000, down 8%. These homes sold after an average of only 77 days.

28 homes have sold in the W. Mobile County area during August with an average sales price of $209,803 (down 1.5%) and a median sales price of $201,975 (up 8%). These prices are overall very strong and the days on the market averaged only 57 days. Incredibly, this is 34 days quicker than homes sold in July. There are many lovely homes for sale in all areas of Mobile. To view these, visit http://barbarareevesrealtor.com.

The much sought after Tanker Air Force contract won by Northrop Grumman is being reevaluated due to the results of congressional investigators after Boeing challenged the decision; the congressional investigation revealed that there were multiple mistakes made in the process of choosing which company to award the contract to. Defense Secretary Robert Gates is overseeing the new competition to make sure neither Boeing or Northrop Grumman are given partiality, only an assessment of which one will really be best for the Air Force. An analysis by the Government Accountability Office (GAO) revealed that the Air Force did not assess both refueling tanker proposals based on the same merits and showed favoritism towards Northrop. 

Learn more about the issues surrounding the Air Force’s Refueling Tanker contract.

The Mobile Realtor Association has good news: April was a great month for real estate activity in Mobile County. 388 homes sold, for an 11.5% increase in activity over the month of March. Better yet, the average sales price of $162,412 represents a 10.5% increase over the prior month. Days on the market was 82, which is lower than many other areas.

According the the Mobile Press-Register, house prices are up more than 6.7% over the past yar in Mobile County, making the city among the nation’s top 10 metro areas in terms of price appreciation. This data was gathered by the Office of Federal Housing Enterprise Oversight in Washington, D.C.

Click here to see current property listings in Mobile County.

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. 
http://www.BarbaraReevesRealtor.com