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Montgomery Real Estate For Sale: 2010 Hull Street

Wednesday, May 6, 2009
by The Hat Team

Montgomery Real Estate For Sale:

2010 Hull Street Montgomery AL 36104

MLS# 264047

 

Classic lines and symmetry are just the tip of the iceberg in what you'll find in this Garden District treasure! From the moment you walk onto the covered front porch, you'll know you've found the one. Beautiful hardwood floors throughout, exquisite moldings, and original doors with working transoms are a few of the wonderful traits this home has to offer. The spacious living room boasts fireplace and original built-in bookcases for all you collectibles. Cozy sunroom has great bookshelves and would make a great home office or study. The formal dining room is large enough for the grandest dinner parties, and the breakfast nook with built-in china cabinets is perfect for morning coffee or intimate meals.

 

The kitchen is bathed in light from a wall of windows, and the huge walk-in pantry provides storage while eliminating the clutter of overhead cabinets. On the main level, there are actually three bedrooms and two baths, however the current owners have utilized the bedroom off the master as a closet/sitting/dressing room and use the big front bedroom as a media room. Upstairs is a large landing area with storage space and room for a computer desk.

 

The HUGE recreation room could serve multiple purposes and there is even an additional guest bedroom and bath. Be sure not to miss the basement perfect for storage, wine cellar and storm shelter. Out back is a deck, manageable courtyard-style yard, and a roomy 2 car garage. 


For more information on 2010 Hull Street and other Montgomery real estate visit HatTeam.com.

 

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Montgomery Real Estate Sales Statistics - March 2009

Thursday, April 30, 2009
by The Hat Team

The Federal Housing Administration is a primary source of mortgage financing for millions of America’s families and plays a key role in helping bring stability to the housing market. This is the message that the National Association of Realtors® delivered to the Senate Appropriations Subcommittee today.

“Without FHA financing, families would be unable to purchase homes and communities would suffer from continued foreclosures and blight,” said Lennox Scott, a member of NAR’s Real Estate Advisory Board and CEO of John L. Scott Real Estate in Bellevue, Washington. In his testimony, Scott shared NAR’s belief in the importance of FHA and concern for the safety and soundness of its programs due to its dramatic growth over a short period of time.

“We believe that FHA has done a good job stepping up to today’s market challenges. However, along with the dramatic growth in market share comes greater responsibility and the need for increased infrastructure and staff,” Scott said. Over the past 18 months, FHA has handled an increase in volume four times greater than 2007 levels, increasing its market share to over 30 percent.

Of the 325 homes sold in the Montgomery MLS during March, 101 were FHA-financed.  And FHA was the loan of choice in 40% of the total non-cash sales.  With the Alabama Housing Finance Authority's First Step and Step-Up programs becoming increasingly popular, we anticipate that percentage will continue to grow.
 
Let’s take a look at the March sales statistics to see how the Montgomery AL real estate market looks:

Montgomery AL real estate sales statistics for March show pending sales increase by 14% in 2009 compared to March 2008, the average sales price decreased by 9% to $129,037 while sold listings were down 43% from 2008.  Market times showed an increase of 19 days or 20% from 2008.

 

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

 Mar 2009

57

30

95

$129,037

Mar 2008

49

53

76

$141,542

In reviewing the stats above, it is important to remember that foreclosures in the less affluent areas of Midtown have contributed significantly to the decilne in average selling price.  When the 7 foreclosures sold in March are removed from the totals, the actual average sale price increases to $135,312. 

For the latest Montgomery AL 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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Montgomery Real Estate For Sale: 332 Winthrop Court

Monday, April 13, 2009
by The Hat Team
Montgomery Real Estate For Sale:
332 Winthrop Court, Montgomery, AL 36104 
MLS# 263462

 
This old lady needs a facelift, and maybe a "posterior-lift" as well. But she's got all her original charm and with your imagination and renovation will make you an incredible home! Look at the room dimensions and you'll see there's space for all your family. Look at the photos to see all the old-house detailing you love, a backyard that can become a peaceful oasis and the bare bones of a guest house for friends/relatives or rental should you choose. You'll love Winthrop Court because it's like a small town with close-knit families and lots of activity. And you'll appreciate the Garden District historic district with architectural controls that protect your investment and keep the wonderful old neighborhood looking old!
Learn more about 332 Winthrop Court and other Montgomery real estate by visiting HatTeam.com.

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Montgomery Real Estate For Sale: 3417 Southview Avenue

Thursday, April 9, 2009
by The Hat Team
Montgomery Real Estate For Sale:

3417 Southview Ave, Montgomery AL 36111
MLS# 263455

Have you ever wanted your very own PARK? Do you enjoy lush landscape, privacy, rolling lawns, intimate outdoor rooms, and communing with nature? If you say "yes" to any of these questions, then you have found shangri-la! The jewel of this Edgewood property is the expansive double lot and grounds designed by the Olmsted firm (Central Park, New York!) Oh, and I almost forgot to mention the AWESOME house built for entertaining. Grand sized living and dining rooms, and a spacious yet cozy den/family room with "pickled cypress-finish" walls and built-ins. For your teenagers, there is a cool 2nd floor loft-like getaway suite with its own entrance, and for the guys, there is a "man-cave" on the lower level just perfect for exercise equipment, power tools, video games, and beer coolers! This most special and unique home and grounds are waiting for another family to fall in love with it, so call us today for your personal tour.

Learn more about 3417 Southview Avenue and other Montgomery real estate by visiting HatTeam.com.

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Montgomery Real Estate For Sale: 2501 Winchester Road

Thursday, April 9, 2009
by The Hat Team
Montgomery Real Estate For Sale:
 
Looking for the best deal in Vaughn Meadows? Here it is! This spacious brick home on large corner lot has great bones and awaits fresh paint, new carpet, and your creativity in updating the ample kitchen and bathrooms. Your family will have lots of room to grow with 4 well-proportioned bedrooms; and plenty of room to play in the huge backyard.

Laern more about 2501 Winchester Road and other Montgomery real estate by visiting HatTeam.com.

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Montgomery Real Estate For Sale: 1811 Longmeadow Drive

Tuesday, March 31, 2009
by The Hat Team
Montgomery Real Estate For Sale:
1811 Longmeadow Drive, Montgomery AL 36106
MLS# 263142
 
Move in ready and convenient to everything! If you like being outdoors, you'll love the big covered porch and huge back yard. Dotted with mature landscaping, the back yard is fenced and even has a large "dog run" in the rear. Back inside this cozy home there are 3 good sized bedrooms, and if you have lots of clothes, you're in luck because all 3 have DOUBLE closets! Quite street and great neighbors make this one you'll love to come home to for years to come!

Learn more about 1811 Longmeadow Drive and other Montgomery real estate at HatTeam.com.
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Montgomery Real Estate For Sale: 1314-1316 Hull Street

Tuesday, March 31, 2009
by The Hat Team

Montgomery Real Estate For Sale:

1314-1316 Hull Street, Montgomery AL 36104
MLS# 263041

Potentially wonderful and currently acceptable triplex in Montgomery's historic Garden District. 1314 occupies entire first floor and is over 1500 sq ft including living room with decorative fireplace, formal dining room, breakfast room, modern kitchen, sunroom, laundry room, 2 bedrooms, 1 bath. Each charming upstairs unit (1316A&B) has living room, breakfast room, modern kitchen, 1 bedroom, 1 bath. All have front porches and rear balconies--just the kind of thing historic neighborhood tenant’s desire. And a wonderful place to enjoy the peal of the church bells from The Ascension, just down the block. Off-street parking at rear for 4 or more cars.
Learn more about 1314-1316 Hull Street and other Montgomery real estate at HatTeam.com.

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Montgomery Real Estate Sales Statistics - February 2009

Thursday, March 19, 2009
by The Hat Team
Pending homes sales continued their decline as potential buyers waited for clarity on the housing stimulus bill and the weakening economy according to the National Association of Realtors®.
 
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January, fell 7.7 percent to 80.4 from a downwardly revised reading of 87.1 in December, and is 6.4 percent below January 2008 when it was 85.9. The index is at the lowest level since tracking began in 2001, when the index value was set at 100.
 
Lawrence Yun, NAR chief economist, said the downturn in the economy also weighed heavily on the data. “Even with many serious potential home buyers on the sidelines waiting for passage of the stimulus bill, job losses and weak consumer confidence were a natural drag on home sales,” he said. “We expect similarly soft home sales in the near term, but buyers are expected to respond to much improved affordability conditions and from the $8,000 first-time buyer tax credit.”
 
Let’s take a look at the Midtown Montgomery real estate sales statistics for February to see how the market looks:

Montgomery AL real estate sales statistics for February show pending sales decreased by 36% in 2009 compared to February 2008, the average sales price increased by 31% to $190,729 while sold listings were down 4% from 2008.  Market times showed an increase of 2 days or 2% from 2008.

While February pending sales this year were down 36% compared to 2008, the average sale price of closed sales in the same month was up 31% to $190,729.  This is a clear indicator that last year's statistics were heavily affected by foreclosure sale activity in Montgomerys' least expensive market areas.  Unit sales held steady with only a decrease of one homesale February 2009 vs 2008. 
 
Active inventory continues to decline, with the number of homes on the market for sale down over 10% in February 2009 vs 2008.  Declining inventories are one of the earliest signs of a market recovery.  And we expect a big spike in first-time buyer sales this spring as Montgomerians realize they can acquire a home with very little cash outlay and get back as much as $8,000-10,000 at tax time.

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

 Feb 2009

34

21

110

$190,729

Feb 2008

53

22

108

$131,682

For the latest Montgomery AL 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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Montgomery Real Estate For Sale: 1852 Graham Street

Monday, March 9, 2009
by The Hat Team
Montgomery Real Estate For Sale:
MLS# 262401 (Single Family Res) and 262412 (Multi-Family, Triplex)

Main house: 4 bedrooms/3.5 baths
Attached Mother-in-law apartment: 1 bedroom/1 bath
Detached guest house: 1 bedroom/1 bath

 
LIVE BETTER FOR LESS--LOTS LESS!! Don't let the price on this handsome bungalow fool you. Because there are two rental units included with the property, you can keep your personal living expenses under $900 per month! And my, how you'll live: a totally redone interior with all the old-house detailing you love. Almost 2900 square feet including 4 bedrooms, 3 1/2 baths, a study and a playroom. Gourmet kitchen and double garage, too. Less than two blocks to Cloverdale Village with Derk's, Nancy Patterson, Vintage Year and all the great shops. A short walk to Bud's, 1048, Sinclair's, etc. Come see this beauty because it's the deal of a lifetime!

Learn more about 1852 Graham Street and other Montgomery real estate by visiting HatTeam.com.

 

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Montgomery Real Estate Appreciation Ranks 8th

Friday, February 27, 2009
by The Hat Team

The Office of Federal Housing Enterprise Oversight has ranked Montgomery among the top ten cities for median home price appreciation when compare to 300 metropolitan areas in a fourth-quarter home price appreciation index. Montgomery ranks 8th with 4.06 percent appreciation for the year, 3.25 percent appreciation for the quarter and 29.01 percent appreciation over the past 5 years.

Montgomery real estate is definitely holding its own compared to other parts of the country. These statistics along with the $8000 first time home buyer tax credit, an abundance of inventory and record low interest rates, make NOW a great time to buy Montgomery real estate. You can learn more at HatTeam.com.

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