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Displaying blog entries 91-100 of 129

Midtown Montgomery Real Estate Market Report for February 2014

Friday, March 21, 2014
by The Hat Team

Zillow’s new survey-based index gauging consumer sentiment about housing markets and homeownership indicates that the majority of U.S. consumers feel positive about real estate market.

The Zillow Housing Confidence Index ranges from 0 to 100 with marks above 50 indicating positive sentiment. Households surveyed had a real estate confidence index of 63.7, indicating more people feel positive about real estate than not..

The index includes a “Homeownership Aspiration” component that measures renters’ attitudes and likelihood of pursuing homeownership. Nationwide, renters had an aspiration index of 59.3, indicating that more renters than not aspire to be homeowners.

In addition, 10 percent of current renters nationwide said they plan to purchase a home within the next 12 months.

Zillow estimates that 4.2 million first-time homebuyers would flood the market if all renters purchase a home who indicated that they’d like to in the next 12 months.

Take a look at sales figures in our local real estate market for February 2014.

Midtown Montgomery real estate sales statistics for February 2014, show the number of homes sold increased by 4% when compared to February 2013. The average sales price increased by 9% to $ 132,424 for the month. The median sales prices increased by 30%, and market times increased by 3 days from February 2013.  The highest selling home price decreased by 30%, while the lowest selling home price increased by 50% from February 2013.

Midtown Montgomery  Feb 2014 Feb 2013
Homes Sold 25 24
Average Selling Price $ 132,424 $ 120,403
Median Selling Price $ 118,000 $ 82,656
Days On The Market 136 133
Highest Selling Price $ 487,000 $ 695,000
Lowest Selling Price $ 10,000 $ 5,000

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

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Midtown Montgomery Real Estate Market Report for January 2014

Friday, February 21, 2014
by The Hat Team
Take a look at sales figures in our local real estate market for January 2014.
 

Midtown Montgomery real estate sales statistics for January 2014, show the number of homes sold increased by 9% when compared to January 2013. The average sales price increased by 56% to $ 179,337 for the month. The median sales prices increased by 46%, and market times increased by 18 days from January 2013.  The highest selling home price increased by 42%, and the lowest selling home price decreased by 28% from January 2013.

Midtown Montgomery  Jan 2014 Jan 2013
Homes Sold 23 21
Average Selling Price $ 179,337 $ 78,478
Median Selling Price $ 110,000 $ 59,000
Days On The Market 137 119
Highest Selling Price $ 640,000 $ 369,000
Lowest Selling Price $ 6,500 $ 9,000


Ready to buy a home? Read the "Eight Insider Tips for Home Buyers!

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Midtown Montgomery Year End Real Estate Market Report 2013

Friday, January 24, 2014
by The Hat Team

Fannie Mae and Freddie Mac were scheduled to increase the fees they charge lenders for guaranteeing mortgages this year. The fees often trickle down to borrowers and result in higher mortgage rates. In his first policy decision as the new Federal Housing Finance Agency director, Mel Watt, signaled that maintaining borrowers' access to mortgage credit is a high priority by putting a stop to the increased fees. Watt has called for further study of the potential impact increased fees will have on borrowers.

"The implications for mortgage credit availability and how these changes might interact with the new ... mortgage standards could be significant," Watt said. "I want to fully understand these implications before deciding whether to move forward with any adjustments."

This reversal is good news for 2014 home buyers. As interest rates and home prices inch up, an increase in lender fees could put a damper on the housing rebound. Interested how much loan you qualify for. Click here for a confidential loan analysis.

Take a look at sales figures in Midtown Montgomery for 2013.

Midtown Montgomery real estate sales statistics for this year, 2013, show the number of homes sold increased by 7% when compared to last year, 2012. The average sales price increased by 4% to $ 127,763 for the year. The median sales prices decreased by 4%, and market times increased by 8 days from 2012.  The highest selling home price decreased by 4%, and the lowest selling home price decreased by 837% from 2012.

Midtown Montgomery  2013 2012
Homes Sold 399 371
Average Selling Price $ 127,763 $ 123,133
Median Selling Price $ 100,700 $ 105,000
Days On The Market 140 132
Highest Selling Price $ 750,000 $ 785,000
Lowest Selling Price $ 5,000 $ 30,000

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Midtown Montgomery Real Estate Market Trends - December 2013

Friday, December 20, 2013
by The Hat Team

Yes, it’s true…real estate activity slackens during the holidays but here are some things to consider about housing hunting during the holidays…

  • Lower seasonal prices are likely before the anticipated increases in 2014. Many homes on the market during the holidays are being offered because the sellers are being transferred. January is a high workplace transfer month. Transferees are trying to sell their homes during the holidays because they feel they have to.
  • Less competition among buyers is common because many are concentrating on holiday activities. If they don’t have to move for some reason they tend to wait until after the year-end holidays. That means fewer competing offers and less likelihood of bidding wars.
  • Seller anxiety begins to set in during the holidays. That means potentially better deals can be had. Sellers who need to move get more willing to bargain during the holidays because there is less demand from buyers.
  • Less competition from other buyers means you can do your house hunting being a little more relaxed about the potential of losing a house that you really are interested in.

Don't be disappointed like the couple in the video. Contact me today and let's get started!

Take a look at sales figures in our local real estate market for November 2013.

Midtown Montgomery real estate sales statistics for November 2013 show the number of homes sold decreased by 8% when compared to November 2012. The average sales price decreased by 14% to $ 110,475 for the month. The median sales prices increased by 21%, and market times increased by 9 days from November 2012.  The highest selling home price decreased by 56%, and the lowest selling home price increased by 67% from November 2012.

Midtown Montgomery November  2013 November 2012
Homes Sold 22 24
Average Selling Price $ 110,475 $ 129,001
Median Selling Price $ 113,750 $ 89,900
Days On The Market 144 135
Highest Selling Price $ 255,000 $ 575,000
Lowest Selling Price $ 9,110 $ 3,000

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Midtown Montgomery Real Estate Market Trends - November 2013

Friday, November 22, 2013
by The Hat Team

Chase has released its November Market Report reflecting the following trends:

1. Average home prices decreased for each property type in September.

2. Investors increased their share of purchases of damaged REO properties.

3. The housing market continued its seasonal slowdown.

Take a look at sales figures in our local real estate market for October 2013.

Midtown Montgomery real estate sales statistics for October 2013 show the number of homes sold increased by 53% when compared to October 2012. The average sales price increased by 20% to $ 119,488 for the month. The median sales prices increased by 16%, and market times increased by 25 days from October 2012.  The highest selling home price increased by 32%, and the lowest selling home price decreased by 74% from October 2012.

Midtown Montgomery October  2013 October 2012
Homes Sold 38 18
Average Selling Price $ 119,488 $ 95,103
Median Selling Price $ 108,300 $ 90,500
Days On The Market 148 123
Highest Selling Price $ 365,000 $ 250,000
Lowest Selling Price $ 5,300 $ 20,700

 

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Midtown Montgomery Real Estate Market Trends - October 2013

Saturday, October 19, 2013
by The Hat Team

The Fed recently announced they would continue their current pace of purchasing bonds until the economy was stronger. This bond purchasing program is the reason that mortgage interest rates are at historic lows. Rates began to increase over the last several months just on the anticipation that the Fed would announce that they would be reducing the level of bond purchases last month. When that didn’t happen, rates actually decreased.

That was great news for any buyer in the process of purchasing a home. However, this window of opportunity is expected to close in the very near future as most experts expect the Fed to taper the bond purchasers in December.

So, don't let this opportunity pass you by. Leverage your buying power NOW while rates remain low. Contact us today for help!

Take a look at sales figures in our local real estate market for September 2013.

Midtown Montgomery real estate sales statistics for September 2013 show the number of homes sold increased by 28% when compared to September 2012. The average sales price increased by 29% to $ 184,238 for the month. The median sales prices increased by 21%, and market times increased by 52 days from September 2012.  The highest selling home price increased by 33%, and the lowest selling home price decreased by 22% from September 2012.

While it’s tempting to rejoice over these huge increases, it’s important to remember that they compare just one month’s activity in each year.  And because Midtown homes are so different in size, degree of renovation, etc., sales values from year to year reflect more than just “more business” but “different business” as well.  A more important and meaningful statistic is this:  at the end of the September, 2013, selling prices market-wide are up 3.46%.  Yes!!!!!!

Midtown Montgomery September  2013 September 2012
Homes Sold 29 21
Average Selling Price $ 184,238 $ 131,321
Median Selling Price $ 155,000 $ 122,500
Days On The Market 166 114
Highest Selling Price $ 545,000 $ 367,500
Lowest Selling Price $ 20,000 $ 25,500


Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

Add Comment

Midtown Montgomery Real Estate Market Trends - September 2013

Friday, September 27, 2013
by The Hat Team

The American Dream of homeownership is alive and well, according to a majority of renters surveyed for the NAR 2013 National Housing Pulse Survey. The survey found that more renters are thinking about becoming homeowners than in past years and the number of Americans who prefer to rent is declining. Thirty-six percent of renters said they were thinking about purchasing a home, compared to only 25 percent in 2011. 

Americans’ concerns about home values continuing to drop have also diminished. A majority of respondents revealed that housing prices in their area are higher than last year, and 38 percent reported an increase in local housing market activity in the past year.

Take a look at sales figures in our local real estate market for August 2013.

Midtown Montgomery real estate sales statistics for August 2013 show the number of homes sold increased by 19% when compared to August 2012. The average sales price increased by 38% to $133,319 for the month. The median sales prices increased by 9%, and market times increased by 20 days from August 2012.  The highest selling home price increased by 67%, and the lowest selling home price increased by 2% from August 2012.

Midtown Montgomery August  2013 August 2012
Homes Sold 31 26
Average Selling Price $133,319 $96,731
Median Selling Price $84,000 $76,500
Days On The Market 128 108
Highest Selling Price $590,000 $352,000
Lowest Selling Price $9,640 $8,000

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

Add Comment

Midtown Montgomery Real Estate Market Trends - August 2013

Sunday, August 25, 2013
by The Hat Team

The cost of buying a Montgomery AL home is going up. What's behind the rise in interest rates? Is now still a good time to buy? Here's an interesting video explaining a little bit about why mortgage rates are rising. There's also a little bit in here about how "staying on the fence" could lead to a higher monthly payment.

Rates are still historically low and it's a great time to buy. Wondering if now is the time for your to buy a Montgomery AL home? Give us a call! We’ll help lay out your options so you can make an informed decision.

Take a look at sales figures in our local real estate market for July 2013.

Midtown Montgomery real estate sales statistics for July 2013 show the number of homes sold decreased by 6% when compared to July 2012. The average sales price increased by 9% to $137,013 for the month. The median sales prices increased by 5%, and market times decreased by 9 days from July 2012.  The highest selling home price increased by 31%, and the lowest selling home price increased by 40% from July 2012.

Midtown Montgomery July  2013 July 2012
Homes Sold 33 35
Average Selling Price $ 137,013 $ 125,325
Median Selling Price $ 107,500 $ 102,500
Days On The Market 109 118
Highest Selling Price $ 750,000 $ 517,500
Lowest Selling Price $14,980 $ 9,000

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Midtown Montgomery Real Estate Market Trends - July 2013

Saturday, July 20, 2013
by The Hat Team

New data on Americans’ rising net worth is good news for the economy. Figures from the National Association of Realtors® show household net worth has completely bounced back from the recession and reached a new peak of over $70 trillion in the first quarter of 2013. Midtown Montgomery stats improved too. During the recession, household and non-profit net worth dropped by more than $15 trillion.

So what is fueling the increase? NAR research points to recovering home and stock prices and a reduction in debt as the driving forces. Real estate accounts for $18 trillion of the $83 trillion in household assets, and owner’s equity in household real estate is $9 trillion of the $70 trillion in net worth. Find out what your home is worth.

Take a look at sales figures in our local real estate market for June 2013.

Midtown Montgomery real estate sales statistics for June 2013 show the number of homes sold were the same when compared to June 2012. The average sales price increased by 28% to $151,562 for the month. The median sales prices increased by 17%, and market times decreased by 3 days from June 2012.  The highest selling home price increased by 31%, and the lowest selling home price decreased by 9% from June 2012.

Midtown Montgomery June  2013 June 2012
Homes Sold 35 35
Average Selling Price $ 151,562 $ 109,062
Median Selling Price $ 85,000 $ 71,000
Days On The Market 121 124
Highest Selling Price $ 600,000 $ 415,000
Lowest Selling Price $ 9,100 $ 10,000

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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Midtown Montgomery Real Estate Market Trends - June 2013

Thursday, June 20, 2013
by The Hat Team

The housing market outlook continues to be optimistic. Research by the National Association of Realtors® reveals that steady job creation and household formation have been helping release pent-up demand. Home prices are primed to rise in 2013 and 2014 due to lagging housing starts and an ongoing inventory shortage. Americans are also feeling confident in the housing recovery. According to a HouseLogic.com article, More than Half of Americans Think Home Prices Will Rise in Year Ahead, Fannie Mae’s April 2013 National Housing Survey revealed 51 percent of Americans now expect home prices to climb within the next year; up from 32 percent at the same time last year.

Take a look at sales figures in our local real estate market for May 2013.

Midtown Montgomery real estate sales statistics for May 2013 show the number of homes sold decreased by 21% when compared to May 2012. The average sales price increased by 18% to $ 149,493 for the month. The median sales prices decreased by 13%, and market times remained consistent with May 2012.  The highest selling home price increased by 43%, and the lowest selling home price increased by 40% from May 2012.

Midtown Montgomery May  2013 May 2012
Homes Sold 35 44
Average Selling Price $ 149,493 $ 122,453
Median Selling Price $ 105,000 $ 121,000
Days On The Market 139 139
Highest Selling Price $ 665,000 $ 380,000
Lowest Selling Price $ 17,000 $ 10,200

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

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