Real Estate Information Archive

Blog

Displaying blog entries 111-120 of 129

Midtown Montgomery Real Estate Market Trends - June 2012

Thursday, June 21, 2012
by The Hat Team

Everyone knows that the Montgomery real estate market has been rather daunting for the last several years. Ups and downs, reports of good news and bad news, short sales, foreclosures, declining inventory, increase in mortgage applications, buyer frustrations, and seller indecision—all have kept the real estate industry on a roller coaster for too long.  Hope springs eternal, however, and rays of optimism from several fronts may well signal better times ahead.

  • In a recent survey, more than three-quarters of homeowners (78 percent) said that owning a home is one of their greatest achievements, and 85 percent of U.S. adults (which includes both homeowners and renters) agreed that they always dreamed of owning a home.
  • Builder confidence in the market for newly built, single-family homes gained five points in May. This is the index’s strongest reading since May of 2007 and bodes well for Montgomery real estate.
  • The median existing single-family home price rose in 74 out of 146 metropolitan statistical areas (MSAs) based on closings in the first quarter from the same quarter in 2011.
  • In Fannie Mae’s Monthly National Housing Survey, the percentage of respondents who say it is a good time to sell increased from 10 percent for the fourth straight month to 15 percent

Lets look at the statistics in our local real estate market? 

Midtown Montgomery real estate sales statistics for May show the number of homes sold increased by 38% compared to May 2011. The average sales price decreased by 13% to $99,619 during the same period. The median sales prices increased by 5%, and market times increased by 22% or 28 days.  The highest selling home price decreased by 21%, and the lowest selling home price decreased by 54%.

Midtown Montgomery May 2012 May 2011
Homes Sold 56 35
Average Selling Price $ 99,619 $ 114,116
Median Selling Price $ 78,000 $ 74,000
Days On The Market 130 102
Highest Selling Price $ 380,000 $ 480,000 
Lowest Selling Price $ 5,800 $12,500


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.

Add Comment

Midtown Montgomery Real Estate Market Trends - April 2012

Thursday, May 31, 2012
by The Hat Team

Housing and the economic recovery will play a large part in deciding the outcome of the 2012 presidential election, according to public policy experts at this month's Legislative and Political Forum during the Realtors® 2012 Midyear Legislative Meetings & Trade Expo. Former Republican National Committee Chairman Michael Steele, leading Democratic strategist Celinda Lake, and National Economic Council Director Gene Sperling provided their unique insights into issues affecting the long-term direction of the country.

"As the leading advocate for homeownership, the National Association of Realtors® is working closely with policymakers to ensure that mortgages are more readily available for qualified buyers and real estate investors," said NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. "We believe efforts that help creditworthy homebuyers obtain mortgage financing and allow more people to stay in their homes or avoid foreclosure through streamlined short sales are important for a housing and economic recovery."

Lets look at the statistics in our local real estate market? 

Midtown Montgomery real estate sales statistics for April show the number of homes sold decreased by 14% compared to April 2011. The average sales price increased by 19% to $159,152 during the same period. The median sales prices increased by 26%, and market times increased by 28% or 41 days.  The highest selling home price decreased by 6%, and the lowest selling home price decreased by 29%.

 

Midtown Montgomery April 2012 April 2011
Homes Sold 25 29
Average Selling Price $ 159,152 $ 129,495
Median Selling Price $ 135,000 $ 100,000
Days On The Market 146 105
Highest Selling Price $ 600,000 $ 649,000 
Lowest Selling Price $ 6,000 $8,500


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.

Add Comment

Midtown Montgomery Real Estate Market Trends - March 2012

Thursday, April 26, 2012
by The Hat Team

The increases in FHA mortgage guarantee costs that took effect on April 1 have many home buyers asking, "What do these increases mean to me when I get an FHA loan?"  Megan Booth and Rob Freedman with Realtor.tv break down the facts in this informative video.

Lets look at the statistics in our local real estate market? 

Midtown Montgomery real estate sales statistics for March show the average sales price decreased by 26% to $95,339 when compared to March 2011.  The number of homes sold increased by 33% in March 2012.  The median sales prices decreased by 51%, and market times increased by 8% or 11 days.  The highest selling home price increased by 7%, and the lowest selling home price increased by 67%.

Midtown Montgomery March 2012 March 2011
Homes Sold 33 22
Average Selling Price $ 95,339 $ 128,461
Median Selling Price $ 55,000 $ 112,000
Days On The Market 133 122
Highest Selling Price $ 375,000 $ 350,000 
Lowest Selling Price $ 13,500 $4,500

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.

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 - February 2012

Friday, March 23, 2012
by The Hat Team

Housing affordability conditions have reached the highest level since recordkeeping began in 1970, according to the National Association of Realtors®.

NAR’s Housing Affordability Index rose to a record high 206.1 in January, based on the relationship between median home price, median family income and average mortgage interest rate. The higher the index, the greater the household purchasing power. An index of 100 is defined as the point where a median-income household has exactly enough income to qualify for the purchase of a median-priced existing single-family home, assuming a 20 percent down payment and 25 percent of gross income devoted to mortgage principal and interest payments.

NAR projects the affordability index for all of 2012 will be at an annual high, with little movement in mortgage interest rates or home prices during the year.

What does affordability look like in our local real estate market? Take a look at February figures.

Midtown Montgomery real estate sales statistics for February show the average sales price decreased by 4% to $96,324 when compared to February 2011.  The number of homes sold decreased by 5% in February 2012.  The median sales prices decreased by 26%, and market times increased by 3% or 3 days.  The highest selling home price increased by 1%, and the lowest selling home price decreased by 77%.

 

Midtown Montgomery Feb 2012 Feb 2011
Homes Sold 19 20
Average Selling Price $ 96,324 $ 99,860
Median Selling Price $ 60,000 $ 81,200
Days On The Market 116 113
Highest Selling Price $ 286,000 $ 285,500
Lowest Selling Price $ 4,000 $17,500

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.

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

Add Comment

Midtown Montgomery Real Estate Market Trends - January 2012

Friday, February 24, 2012
by The Hat Team

2012 is off to an encouraging start. Mortgage rates have remained under 4% for nearly two months. Home sales are strengthening and pending home sales, a measure to gauge future sales, are at their highest levels since March 2010.

Job growth increased during most of 2011, with unemployment dropping to 8.4%. As more people are getting jobs, consumer confidence has also been increasing.  However, underemployment with a rate of 18.1% continues to be a problem for a stronger recovery. There are still a significant number of people working part time, who would like to have full-time work.

Even with substantial national improvements, the recovery is spotty. Payroll jobs were up in 25 states, but down in 24, demonstrating the delicate state of the U.S. economy. Global factors such as the European debt crisis are also complicating a more robust recovery. 

What does the recovery look like in our local real estate market? Take a look at January figures.

Midtown Montgomery real estate sales statistics for January show the average sales price decreased by 3% to $141,407 when compared to January 2011.  The number of homes sold increased by 39% in January 2012.  The median sales prices increased by 1%, and market times decreased by 11% or 18 days.  The highest selling home price increased by 38%, and the lowest selling home price decreased by 31%.

 

Midtown Montgomery Jan 2012 Jan 2011
Homes Sold 28 17
Average Selling Price $ 141,407 $ 145,709
Median Selling Price $ 124,450 $ 122,850
Days On The Market 140 158
Highest Selling Price $ 785,000 $ 487,000
Lowest Selling Price $ 9,000 $13,000

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.

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

Add Comment

Midtown Montgomery Real Estate Market Trends - 2010 vs 2011

Saturday, February 4, 2012
by The Hat Team

Environmentally friendly features have become more important to home buyers according to the 2012 Home Buyer and Seller Profile published by the National Association of Realtors. The importance of various features such as heating and cooling, energy efficient appliances and lighting, landscaping, and an environmentally friendly community differ by region.

  • Commuting costs and environmental efficiency have increasingly factored into home buying decisions due to higher energy costs, but also due to overall concern for the environment.
  • Factors that are most important to buyers are those directly related to the buyers’ pocketbook.
  • Heating and cooling costs were at least “somewhat” important to 87 percent of home buyers.
  • Commuting costs were at least “somewhat” important to 73 percent of home buyers.

Now take a look at how the Midtown Montgomery real estate market performed in 2011.

Midtown Montgomery real estate sales statistics for 2011 show the average sales price decreased by 8% to $126,628 when compared to 2010.  The number of homes sold decreased by 18% in 2011.  The median sales prices decreased by 5%, and market times increased 3% or 4 days.  The highest selling home price decreased by 13%, and the lowest selling home price decreased by 99%.

Midtown Montgomery 2011 2010
Homes Sold 290 354
Average Selling Price $ 126,628 $ 137,427
Median Selling Price $ 110,000 $ 116,052
Days On The Market 128 124
Highest Selling Price $ 649,000 $ 750,000
Lowest Selling Price $ 1 $5,100


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.

 

Add Comment

Midtown Montgomery Real Estate Trends - Sept 2011

Friday, October 28, 2011
by The Hat Team

A buyer purchasing a typical American home at the prevailing average mortgage rate today would have a mortgage payment of  $698 a month. This figure is not much different from what a home buyer would have faced 30 years ago. In 1981, home prices were much lower but mortgage rates were reaching 18 percent. Today, home prices have come down by about 33 percent on average from the bubble years, but prices still remain comfortably higher than those of the 1980s. However, thanks to record low mortgage rates, the monthly payment obligations have been greatly reduced. This should be good news and bring new buyers into the market. However, very tight underwriting standards, unfortunately, are keeping some good, hard-working Americans from taking advantage of the super affordable conditions.

Now take a look at how the Midtown Montgomery real estate market performed in September.

Midtown Montgomery real estate sales statistics for September show the average sales price decreased by 14% to $143,362 when compared to September 2010.  The number of homes sold decreased by 4% in September 2011.  The median sales prices decreased by 5%, and market times increased 25% or 45 days.  The highest selling home price decreased by 7%, and the lowest selling home price decreased by 99%.

Midtown Montgomery September 2011 September 2010
Homes Sold 24 25
Average Selling Price $ 143,362 $ 166,118
Median Selling Price $ 130,500 $ 137,000
Days On The Market 179 134
Highest Selling Price $ 425,000 $ 455,000
Lowest Selling Price $ 1 $ 6,000

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

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.

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 Sales - June 2011

Thursday, July 28, 2011
by The Hat Team

Most Americans still believe that owning a home is a solid financial decision, and a majority of renters aspire to home ownership as a long-term goal. According to the 2011 National Housing Pulse Survey released today by the National Association of Realtors®, 72 percent of renters surveyed said owning a home is a top priority for their future, up from 63 percent in 2010. 

Seven in 10 Americans also agreed that buying a home is a good financial decision while almost two-thirds said now is a good time to purchase a home. The annual survey, which measures how affordable housing issues affect consumers, also found that more than three quarters of renters (77 percent) said they would be less likely to buy a home if they were required to put down a 20 percent down payment on the home, and a strong majority (71 percent) believe a 20 percent down payment requirement could have a negative impact on the housing market. 

Some key findings from this year’s survey include:

  • Seven-in-ten Americans (71 percent) say requiring a down payment of twenty percent on the cost of a home would have a negative impact on the overall American housing market.
  • More than three quarters of renters (77 percent) say they would be less likely to buy a new home if they were required to make a 20 percent down payment. Among current homeowners, four-in-ten (39 percent) say they would not have been able to buy their current home if they been required to make a 20 percent down payment.
  • Having enough money for a down payment and closing costs is the largest obstacle that makes housing too expensive and unaffordable (82 percent say it is a “huge” or “medium-size” obstacle).
  • Two in every three Americans (67 percent) oppose eliminating the home mortgage interest deduction as one part of a plan to reduce the federal deficit. Underscoring the intensity of this opinion, a majority of Americans (51 percent) strongly oppose eliminating it.
  • Even more Americans (73 percent) believe that eliminating the home mortgage deduction would have a negative impact on the American housing market, while 65 percent say it would have a negative impact on the overall economy.
  • While fewer Americans than in the past agree, the overwhelming majority (72 percent) still say that buying a home is a good financial decision. Almost two–thirds (64 percent) say that now is a good time to buy a home.
  • The stalled economy continues to adversely affect the housing market. Confidence in job security is a top obstacle (80 percent say “huge” or “medium-size”) to home ownership, while job layoffs and unemployment are ranked as the top problem facing Americans (61 percent say it is a “very big” or “fairly big” problem in their area).

Now take a look at how the Midtown Montgomery real estate market performed in June.

Midtown Montgomery real estate sales statistics for June show the average sales price increased by 2% to $151,399 when compared to June 2010.  The number of homes sold decreased by 16% in June.  The median sales prices increased by 13%, and market times increased 5% or 6 days.  The highest selling home price decreased by 23%, and the lowest selling home price increased by 7%.

Midtown Montgomery May 2011 May 2010
Homes Sold 22 45
Average Selling Price $ 150,975 $ 166,925
Median Selling Price $ 111,450 $ 118,900
Days On The Market 121 103
Highest Selling Price $ 480,000 $ 750,000
Lowest Selling Price $ 12,500 $ 5,100

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

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.

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 Sales Statistics - April 2010

Friday, May 20, 2011
by The Hat Team

Home sales are expected to stay on an uptrend through 2012, although the performance will be uneven with mortgage constraints weighing on the market, according to real estate experts.

Lawrence Yun, National Association of Realtors chief economist, said existing-home sales have been underperforming by historical standards and will rise gradually but unevenly. “If we just hold at the first-quarter sales pace of 5.1 million, sales this year would rise 4 percent, but the remainder of the year looks better,” Yun said. “We expect 5.3 million existing-home sales this year, up from 4.9 million in 2010, with additional gains in 2012 to about 5.6 million – that’s a sustainable level given the size of our population.”

Now take a look at how the Midtown Montgomery real estate market performed in April.

Midtown Montgomery real estate sales statistics for April show the average sales price decreased by 10% to $129,495 when compared to April 2010.  The number of homes sold decreased by 33% in April.  The median sales prices decreased by 20%, while market times decreased 20% or 27 days.  The highest selling home price decreased by 5%, and the lowest selling home price increased by 29%.

Midtown Montgomery April 2011 April 2010
Homes Sold 29 43
Average Selling Price $ 129,495 $ 144,517
Median Selling Price $ 100,000 $ 125,000
Days On The Market 105 132
Highest Selling Price $ 649,000 $ 683,000
Lowest Selling Price $ 8,500 $ 6,000

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.

Add Comment

Midtown Montgomery Real Estate Sales Statistics - January 2010

Friday, February 19, 2010
by The Hat Team

Home sales surged in the fourth quarter of 2009 with many areas seeing double digit gains according to the National Association of Realtors. Total existing-home sales (single-family and condo) jumped 13.9 percent above the third quarter and 27.2 percent above the fourth quarter of 2008. Distressed property sales accounted for 32 percent of the fourth quarter transactions, down from 37 percent from 2008.

Lawrence Yun , NAR chief economist, said the first-time home buyer tax credit, combined with record low interest rates, played a dominant role in fourth quarter sales. Yun went on to say, “With inventory levels trending down over the past 18 months, we expect broadly balanced housing market conditions in much of the country by late spring with more areas showing higher prices.”

Let's look at January real estate sales to see how the housing recovery is progressing in Midtown Montgomery.

Midtown Montgomery Real Estate Sales Statistics - January 2010

Midtown Montgomery real estate sales statistics for January show pending sales have increased by 21% in 2010 compared to January 2009. The average sales price increased by 25% to $104,275 while sold listings were up by 23% from 2009.  Market times were 9 days less than 2009.

Midtown
Montgomery

Pending
Sales

Sold
Listings

Average
Market Times

Average
Sales Price

Jan 2010

43

31

85

$104,275

Jan 2009

34

24

94

$78,109

For the latest Midtown Montggomery 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.

Add Comment

Displaying blog entries 111-120 of 129

Syndication

Categories

Archives

   cdpe    crsHat Lady on Zillow