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The approximate 31 condominiums & townhouses had an average list price of $107,838, 69 average days on market (dom) and a sale price to list price percentage of 91.03%.
The approximate 13 manufactured homes had an average list price of $41,923, 61 average days on market (dom) and a sale price to list price percentage of 86.24%.
The approximate 131 new construction homes had an average list price of $179,631, 70 average days on market (dom) and a sale price to list price percentage of 99.39%.
The approximate 659 single family older homes (18.44% drop when compared to the third quarter) had an average list price of $142,956, 86 average days on market (dom) and a sale price to list price percentage of 95.8%.
The average days on market (dom) for the fourth quarter was around 82 days and the average per square foot was $78.
The fourth quarter indicates more new construction in west Mobile, south of the Mobile Regional Airport, Semmes, southwest Mobile County, Theodore, and the Tillman’s Corner area when compared to other areas of Mobile County. Most of the single family residential or home sales occurred in the areas north and south of Cottage Hill Road, Municipal Park area & city west central, west Mobile, Semmes, Midtown area near downtown historic Mobile, and areas east of Wilmer, Alabama.
The average sold terms for the fourth quarter was CASH (21%), CONVENTIONAL (27.3%), FHA (42.4%), VA (6.4%) and OTHER-ASSUMPTION, AUCTION, VENDOR LIENS (2.9%).
The above statistical information has been compiled by Albert Marshall Cheney, Cheney Appraisal Services, located in the Mobile Bay Metro Area, Baldwin County and Mobile County of Alabama. Albert Cheney is an active Certified Residential Real Property Appraiser and FHA Approved Appraiser with 35+ years experience in the real estate industry. Contact Albert Cheney at (251) 533-2424 or Albert@CheneyAppraisalServices.com if you require more information about Alabama real estate and ordering a “Certified” real estate appraisal report.
For more information about the Mobile County statistical real estate listings and sales, call a local real estate agent and member of the Mobile Area Association of REALTORS.
Posted in Economic News, Real Estate Market And The Mobile Bay Metro Area! Tags: Alabama Homes, Alabama Real Estate, Alabama Real Estate Listings, Alabama Real Estate Sales, Albert Cheney, Appraisal Reports, Assumptions, Auction, Average Days On Market, Average List Price, Average Per Square Foot Cost, Baldwin County, Cash Transactions, Certified Real Estate Appraisals, Certified Residential Real Property Appraiser, Cheney Appraisal Services, Condo, Condominiums, Conventional Loans, Cottage Hill Road, Days On Market, DOM, FHA Approved Appraisers, FHA Loans, Fox News, Historic Mobile, Manufactured Homes, McGregor Avenue, Midtown Area, Mobile, Mobile AL Homes for Sale, Mobile Alabama houses for sale, Mobile Alabama Real Estate Agents, Mobile Alabama vacation rentals, Mobile Alabama Zoning, Mobile Bay Metro Area, Mobile Bay Monthly, Mobile County, Mobile Press, Mobile Regional Airport, Mobile Register, Muncipal Park, New Construction, New Homes, Older Homes, Real Estate Appraisers, Real Estate Experience, Real Estate Industry, Real Estate Sales, Real Estate Statistics, REALTOR, Sale Price, Semmes, Settling Estates With Real Property, Single Family Homes, Southern Living, Southwest Mobile County, Spring Hill Area, Theodore, Tillman's Corner, Townhouses, VA Loans, Vendor Liens, West Central, Wilmer, Wimbledon Park
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