Real Estate Information Archive

Blog

Displaying blog entries 1-6 of 6

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 - 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.

Add Comment

Midtown Montgomery Real Estate Market Trends - March 2013

Friday, March 22, 2013
by The Hat Team

Let’s face it, all the information in the world about how to buy and sell a house is at your finger tips. So why hire a real estate professional to represent you in the purchase or sale of your home, when you can save the big fat commission they charge and do it yourself. If you have asked yourself this question, you are not alone. Here are the top 5 reasons to hire a real estate professional:

1. Education & Experience

Most people buy or sell homes 2-3 times in their lives. Many real estate professionals are involved in buying and selling real estate 2-3 times a month. Henry Ford once said that when you hire people who are smarter than you are, it proves you are smarter than they are. You don’t need to know all there is to know about buying or selling real estate, you just need to hire the people that do. Hire someone with more experience and education than you that can help you get the best possible deal and save you precious time and money.

2. Agents are Buffers

If you are a buyer, agents will insulate you from builder representatives and listing agents, who can be piranhas when going after a sale. And if you are a seller, your agent will weed through the ‘lookie loos’ and bring you only well-qualified buyers. Real estate professionals save you time…and as they say, ‘time is money.’

3. Neighborhood Knowledge

Your neighbor may know that the people who sold the house down the street were asking $350,000, but your real estate agent will know that the house actually sold for $295,000 and paid $5,000 of the buyer’s closing costs after being on the market 45 days.

4. Price Guidance

Your real estate agent is able to guide you through the decision making process to help you make the right choice for yourself and your family. Whether a buyer or seller, agents are able to provide you with the data you need to choose a correct price and then put together a negotiating strategy based on market supply, demand and conditions.

5. Market Conditions Information

Real estate professionals can also provide you with market data such as price per square foot, median and average sales prices, days on market and list/sell ratios that will have a bearing on your buying and selling decisions.

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

Midtown Montgomery real estate sales statistics for February 2013 show the number of homes sold increased by 25% when compared to February 2012. The average sales price increased by 21% to $120,403 for the month. The median sales prices increased by 30%, and market times increased by 16 day. The highest selling home price increased by 59%, and the lowest selling home price increased by 20% from February 2012.

Midtown Montgomery February 2013 February 2012
Homes Sold 24 18
Average Selling Price $ 120,403 $ 95,287
Median Selling Price $ 82,656 $ 58,000
Days On The Market 133 117
Highest Selling Price $ 695,000 $ 286,000
Lowest Selling Price $5,000 $4,000

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 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

Baby Boomers are the Trendsetters in Montgomery AL Real Estate

Thursday, June 5, 2008
by The Hat Team
We know that the Baby Boomers account for a large part of the real estate owning population in America. It should come as no surprise, then, that these folks – not the typical “trendy” crowd - may be the latest trend-setters in Montgomery AL real estate also.
 
As this article in the Wall Street Journal explains, designers and architects are catering more and more toward this fast-growing segment of the population. Research has shown that more Baby Boomers planning to stay in their homes through retirement as opposed to moving to “assisted living” or a retirement community.

This influx of aging home buyers has triggered home renovations and new construction including halls and doorways wide enough for walkers and wheelchairs, and master suites and laundries on the ground floor so residents can avoid stairs. Now, the technology behind home appliances and fixtures is catching up – making all kinds of appliances and home design elements more senior-friendly. 
 
Some of the innovations in home design and appliance re-design include:
  • Stoves that monitor pots to prevent boiling over
  • Adjustable typeface on appliance control panels
  • Faucets that turn on and off with just a touch anywhere on the spout
  • Dishwashers designed to be mounted at a more comfortable height
  • Refrigerators with doors and storage designed to reduce bending over
  • Adjustable volume/pitch of oven alarms 
Last but not least – yes, there is even a toilet on the market with an electric-blue nightlight built in and a motorized heated seat cover that rises with the touch of a button. I don’t think you’d have to be a senior citizen to enjoy that kind of amenity during a late-night bathroom visit!
 
The impact these trends will have on the real estate market as a whole is uncertain, but with more Baby Boomers purchasing Montgomery AL real estate, light-up toilets may be a standard amenity before you know it! 
 
To learn more about trends in Montgomery AL real estate, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com. You may also request a complimentary market valuation of your home atMontgomeryHomeInfo.com.
Add Comment

Montgomery AL Real Estate Market Trends Report

Wednesday, September 26, 2007
by The Hat Team

According to the latest forecast by the National Association of Realtors®, tightening credit standards for those applying for home mortgages will likely dampen home sales in the short term and postpone an expected recovery for existing-home sales until 2008.

 

Lawrence Yun, senior NAR economist, said unusual disruptions in the mortgage market are dampening the outlook for home sales, notably for August and September.  “There’s been an unusual hit to home sales, starting in March when subprime problems emerged and more recently when problems spread to jumbo loans, with many potential home buyers on the sidelines.”  He noted, however, that “the volume of existing-home sales this year will be better than 2002, which was the second year of the housing boom.”

 

Let’s take a look at August sales statistics to see how the market looks in Midtown Montgomery.

Pending sales dropped by 40 percent this August compared to August 2006. The number of homes sold also dropped by 19 percent. Market times increased from an average of 70 days in August 2006 to 100 days this August.

On a positive note for sellers, the average sales price increased 25% from $136,721 last August to $183,279 this August.  August 2007 saw only 9 homes sell under $75,000 and only 13 sold under $100,000.  In contrast, August 2006 saw 14 sales under $75,000 and 20 total under $100,000.  Additionally, 2007 saw 9 sales over $300,000 as opposed to only 4 in 2006.  As they move up to larger, nicer homes, owner-occupants increasingly choosing Midtown over other upscale areas!

Clearly, however, the investor "fix and flip" market segment has begun to dry up - no wonder, given the amount of negative publicity in the national media! 

Midtown
Montgomery

Pending
Listings

Sold
Listings

Average
Market Times

Average
Sales Price

August 2007

40

47

100

$183,279

August 2006

60

58

70

$136,721

As these statistics show, it is still a great time to consider buying a Montgomery AL home.  To begin searching for Montgomery AL homes, please use my complimentary MLS Search, or call me at 1-800-HAT-LADY.  If you are thinking of selling your Montgomery AL home, please call me or visit MongomeryHomeInfo.com today to receive your complimentary comparative market analysis.  We can work together to get you a great deal!

 

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

Displaying blog entries 1-6 of 6

Syndication

Categories

Archives

   cdpe    crsHat Lady on Zillow