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Displaying blog entries 191-199 of 199

Midtown Montgomery Real Estate Market Report

Friday, March 16, 2007
by The Hat Team
Buyers It's Time To Buy!

FreddieMac.com reports interest rates have been inching down for the past three weeks. This is icing on the cake for Midtown Montgomery home buyers who are benefiting from a moderately slower housing market. Sellers haven't been left out in the cold, however, as prices continue to rise. Take a look at the numbers. 

The number of single family homes in Midtown Montgomery (Midtown consists of neighborhoods south of I-85 between Exits 1 and 6) that sold in February increased by 8 or 20%!  And the number of pending listings decreased by only 3 homes or less than 2%. 

What's more, February 2007 saw market times of 169 days vs. 188 days in February 2006.  So demand is increasing along with prices. And average sales prices increased $24,140 or a whopping 17%. So it appears 2007 is well on its way to being another great year for Midtown.  

Midtown
Montgomery

Pending
Listings

Sold
Listings

Average
Market Times

Average
Sales Price

February 2007

46

40

169

$165,071

February 2006

49

32

188

$140,931

Sellers are becoming more comptetitive in their pricing to attract today's ready, willing, and able buyers. Add to this the interest rates inching down...Buyers, it is time to buy!!

If you are thinking of buying a home? You can get a daily email list of new homes for sale as they hit the market by visiting EmailMontgomeryAlabamaHomes.com. It is fast, easy and FREE! 

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

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Montgomery AL Daylight Saving Reminder

Friday, March 9, 2007
by The Hat Team

Don't Forget

1. Move clocks AHEAD one hour.
2. Reset the time on your computer.
3. Change your smoke alarm battery.

This SUNDAY, MARCH 11, 2007!

And a reminder to call The Hat Team for your Montgomery, Al real estate needs. 800-428-5239

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Montgomery Tap Water Ranks In Top 10

Thursday, February 22, 2007
by The Hat Team

Men's Health magazine conducted a study of tap water in 100 cities across America. We can be proud of Montgomery 's ranking of 9 out of  the 100 cities.

The magazine examined the most recent data on levels of arsenic, lead, halo-acetic acids and total trihalomethanes (linked to cancer), and total coliform bacteria, plus the number of EPA water-system violations from 1995 to 2005.

Denver, CO came in first, while Phoenix, AZ came in last. The report assures Phoenix their water supply is safe, just below 99 other cities.

The quality of our tap water is just another reason to live, work and own a home in Montgomery. Are you a Montgomery home buyer needing assistance? Give us a call, 800-428-5239. We'll put our Team of specialists to work for you!

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Bright Outlook For Alabama Economy

Saturday, February 17, 2007
by The Hat Team

The Central Alabama Business Journal reports a bright economy for Alabama in the next few years. We have lagged behind the rest of the country in the last few years, but that has changed and we are ahead of the national averages.

Alabama’s population and median family incomes are topping the country’s gains. Our median family income has been inching closer to the national median of $62,400 and now at $51,400 is 86 percent of the national median – the state’s highest reading.

The state’s overall economy is forecast to grow 2.5 percent in 2007, just ahead of the Global Insight’s 2.4 forecast for the country. But, according to University of Alabama’s Center for Economic Research, the state’s economy could easily hit 2.9 percent.

The report also states Alabama real estate is undervalued in most cities, making us a great place to invest. If you are interested in buying Montgomery real estate, visit EmailMontgomeryAlabamaHomes for an automated email home search. Or, contact us, 800-428-5239, for your Montgomery real estate needs.

Central Alabama Buniness Journal full report...

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The Power Of Two

Monday, January 22, 2007
by The Hat Team

The Montgomery Advertiser has an article this morning recognizing Blake and Bettie Field for their work in revitalizing neighborhoods in Camden and Montgomery. Blake and Bettie have rehabbed eight homes in Camden and one in Montgomery, helping both communities preserve their history.

Too often, little is done to preserve deteriorating buildings. As a result, once vibrant neighborhoods often become slums or low-rent districts. Many times it only takes one person, or in the case two, to go into a neighborhood and start to turn it around. One house is rehabbed, then another and another. Before you know it, the entire neighborhood has a new lease on life.

Older homes in older neighborhoods are wonderful investments, especially if you can get in on the ground floor of a neighborhood revitalization. If investing in older homes is something you are interested in, give us a call. We are glad to assist you in investing wisely.

 

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Downtown Master Plan Unveiled

Monday, January 15, 2007
by The Hat Team

Victor Dover of Dover, Kohl and Partners, a florida-based development firm, presented the final plan for downtown development Thursday at Troy University Montgomery's Davis Theatre for the Performing Arts. The plan, which is due to be approved by city council on March 6, incorporates the following principles:

  • Preserving and restoring historic buildings;

 

 

  • Improving the environment for private investment and development;

 

 

  • Expanding downtown green and civic spaces;

 

 

  • Incorporating land uses with building types and housing options, and

 

 

  • Promoting a better balance of transportation options and designs.

Copies of Dover Kohl and Partners' plan for downtown Montgomery are available through the city's Planning and Development office.

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Alabama Economy Catching Up

Wednesday, January 3, 2007
by The Hat Team

A new report released by the Federal Reserve Bank of Atlanta shows Alabama's economy in 2006 brought the state's per capita income to 86 percent of the national average...the highest reading on record.

Other good news for 2006 was a 3.6 percent unemployment rate which is the lowest in thirty years, an expanded employment base of 1.5 percent and a bright outlook for 2007 with Kia Motors building a new plant in western Georgia.

A strong economy correlates to a strong real estate market, making 2007 a great time to buy or sell a home in Montgomery! Contact us for all your Montgomery real estate needs in 2007.

 

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Retail Development Booms In Montgomery

Monday, December 11, 2006
by The Hat Team

Retail development is booming in Montgomery and central Alabama. Building permits for Wal-mart, Target, and Bass Pro Shops, to name a few are in billions of dollars. Two medical center projects are also in the works – a $2.5 million building permit for the Montgomery Cancer Center and a $2.7 million building permit for the 21,000-plus square-foot Montgomery Cardiovascular facility.

Where there is building going on, there are jobs created and job creation causes home sales to increase. All good news for Montgomery residents!

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New Development For Old Cloverdale

Tuesday, October 24, 2006
by The Hat Team

The Old Cloverdale neighborhood in Montgomery may see new construction if plans are approved for a mixed use developemnt on land currently owned by Huntingdon College and on which sits the former Cloverdale Junior High School. Details...

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Displaying blog entries 191-199 of 199

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