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Midtown Montgomery Real Estate Market Trends - May 2015

Friday, June 19, 2015
by The Hat Team

When people dream of vacation homes, oftentimes they cut themselves off quickly, thinking they would never be able to afford one. However, new research by the National Association of REALTORS® shows that is probably not the case. While vacation homes are obviously a big investment, they aren’t out of reach for those under the six-figure salary mark. According to NAR’s 2015 Investment and Vacation Home Buyers Survey, the median household income for those who own a vacation property is $94,380, only about $15,000 more than the median income for those who own their primary residence ($79,650). And if you thought buyers needed cash to buy it, think again—70 percent of vacation homes purchased last year were financed with a mortgage. Considering buying a vacation home? Start your search here!

Take a look at May 2015's real estate sales statistics.

Midtown Montgomery real estate sales statistics for May 2015, show the number of homes decreased 10%. The average sales price decreased by 15.71% to $118,566 for the month. The median sales price decreased by 21.59% to $96,250, and market times increased by 15 days.  The highest selling price decreased by 48.03% from May 2014.

Midtown Montgomery  May 2015   May 2014
Homes Sold 44 40
Average Selling Price $118,566 $140,671
Median Selling Price $96,250 $122,750
Days On The Market 148 133
Highest Selling Price $330,000 $635,000
Lowest Selling Price $1 $9,249

 

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 Home For Sale: 3051 Mastin Lane

Thursday, June 18, 2015
by The Hat Team

Midtown Montgomery Home For Sale:

3051 Mastin Lane, Montgomery AL 36106
MLS# 318745

Cool House In Midtown!

3051 mastin lane

Looking for a cool house? Check out this stately brick Cloverdale home in Midtown Montgomery that has everything for formal entertaining and casual living. Step through the wonderful front porch and you will find an elegant living room with gas log fireplace, a lovely dining room with French doors to the arbor covered patio with fish pond. The large eat in kitchen boasts custom cabinets, copper counter-tops and a step-up den/family room that's perfect for hanging out. The bedrooms are spacious and all have hard wood floors. Tons of storage upstairs as well as in the basement and garage. Don't miss the great laundry closet on the 2nd floor. Truly a unique house and walking distance to restaurants, shops and entertainment including the park down the street that does spring concerts.

Marketed by Montgomery AL Real Estate Experts Sandra Nickel Hat Team.

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Montgomery AL Home For Sale: 423 Martha St

Tuesday, June 16, 2015
by The Hat Team

Montgomery AL Home For Sale:

423 Martha St, Montgomery AL 36104
MLS# 318603

Live in a Landmark and Save!

423 martha st

Live in a Landmark and Save! Why pay rent when you can own this sweet little cottage for a lot less than you'd expect: $295 principal and interest on a 4.5% loan. Around $400 with add-ons. Try doing that in an apartment in the downtown area. What's more, this home qualifies for special financing with lender-paid closing costs, so what are you waiting for? Call now!!!

Marketed by Montgomery AL Realtors Sandra Nickel Hat Team!

 

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Staging Helps Get Top Dollar

Thursday, June 11, 2015
by The Hat Team

If you’re considering selling your home in the near future here are some things to be thinking about. Staging your home most commonly refers to paying attention to how your home shows on the inside to buyers. Curb appeal refers to how it looks to buyers on the outside. Staging and curb appeal are often thought of as separate issues.

stagingHowever, if you think of them together the results will often be more than just the sum of the parts. The things you do to improve on by staging and curb appeal may even enhance your enjoyment of your  home for the time before you sell. Let’s consider staging for selling in this blog…

There are a of lot things you can do yourself without spending big dollars, especially if you start well ahead of selling. “Streamlining” is a new term that encompasses “de-cluttering.” Things that we all get used to living with do not always make a positive impression on a buyer. So, look around your living environment and be honest about what you could maybe do without, especially for the short term.

You might find that you would enjoy a little less stuff around right now. That includes things that are in storage. If you haven’t used something in 2 or 3 years maybe you could do without it? For the things that you really do want to have handy, is there a better way to store them? Here are some easy staging ideas you can do yourself.

Talk with your favorite Realtor to get some suggestions. They may even know a reasonably priced staging professional who can help. But, if you’re the type to do it yourself there are all sorts of tips on the internet. A good start is to do some planning. Make a checklist for yourself to help organize the effort for the big picture.

Also think about things that can make a big impression. An example of a high impact effort that looks at both indoors and outdoors is dressing up the entry into your home. That idea and 12 other tips are included in an article you can access here. Work your way through your checklist and keep thinking inside and outside together. Over a relatively short period of time you’ll find you are making significant changes toward selling your home.

Information courtesy of Montgomery AL Real Estate Experts Sandra Nickel Hat Team.

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Take Pictures Now

Thursday, June 11, 2015
by The Hat Team

Preserve the memories you’re making by taking photographs of your home now. The pictures will remind you of the role your home played with your family and life.

houseReminiscing is easier when scrolling through pictures to remind you of people and times. One of the least heard regrets is that we should have taken more pictures.

Shots to consider:

  • The front of the home from across the street    
  • Times when your yard and plants looked exceptional
  • Holiday decorations
  • Special occasions in the homes like birthdays, anniversaries, graduations, etc.
    Home improvements
  • Major purchases for the home
  • Times when the home looked the best and the worst
  • Family, friends and pets in the home
  • Your children’s height marks on a door frame
  • The view from a favorite window

From an organizational standpoint, put the pictures in a folder with your address as the name. Even if you don’t take time to name each picture, you’ll have the file date to identify when it was taken. Since the cost of film and processing has disappeared, there is little reason not to chronicle your life in pictures.

Information courtesy of Montgomery AL Realtors Sandra Nickel Hat Team.

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Montgomery AL Real Estate For Sale: 501 Clayton St

Monday, June 8, 2015
by The Hat Team

Montgomery Homes For Sale:

501 Clayton St Montgomery, AL 36104
MLS #318387

Downtown Apartment Complex!

Wonderfully industrial decor and proximity to both Maxwell AFB and downtown make this one of Montgomery's most desirable complexes. The units are really the only affordable loft apartments in the downtown area, so you will have an ongoing supply of desirable tenants. Plenty of parking and there's actually enough land to add another building or accessory structure. A great opportunity that you don't want to miss!

Marketed by Montgomery Alabama Realtor Sandra Nickel, Sandra Nickel Hat Team.

 

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Montgomery AL Foreclosure Trends for April 2015

Thursday, June 4, 2015
by The Hat Team

In April, the number of properties that received a foreclosure filing in Montgomery, AL was 86% higher than the previous month and 36% lower than the same time last year, according to RealtyTrac.com.

Montgomery AL Foreclosure Status Distribution

The current distribution of foreclosures based on the number of active foreclosure homes in Montgomery, AL.

Auctions accounted for 76.1% of foreclosure activity in April 2015 and Bank-owned properties accounted for 23.9%.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties decreased 33.3% compared to the previous month and decreased 56.8% from the previous year in April. The number of Auctions increased 325.0% compared to the previous month and dropped 23.9% from the previous year.

montgomery al foreclosure

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.02% lower than national statistics, the same as Alabama numbers and Montgomery County statistics in April 2015.

montgomery al foreclosure

Are you or someone you know behind on mortgage payments and facing a Montgomery foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE) with specialized training in helping families avoid foreclosure. Give me a call for a private consultation.

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!

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Montgomery AL Real Estate For Sale: 3825 Lockwood Ln

Thursday, June 4, 2015
by The Hat Team

Montgomery Homes For Sale:

3825 Lockwood Ln Montgomery AL 36111
MLS #318326

Build Your Dream House!

Once-in-a-lifetime opportunity to save thousands and thousands on your dream home. Located in desirable Midtown Montgomery and a short walk to tennis, swimming, and the safety of a 24/7/365 gated entrance. So buy this lot, build and start with equity from day one!

Marketed by Montgomery Alabama Realtor Sandra Nickel, Sandra Nickel Hat Team.

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Montgomery AL Home Price Index and Annual Appreciation

Tuesday, June 2, 2015
by The Hat Team

Montgomery AL home prices heated up in the first quarter of 2015 with 1.36% growth in value Jan-Mar 2015 compared to .76% for 2014.

Recent Appreciation

2nd Quarter 2014:  -1.06%
3rd Quarter 2014:  1.21%
4th Quarter 2014:  0.61%
1st Quarter 2015: 1.36%
montgomery al


Find out the current market value of your home in just 17 seconds!

Information courtesy of Montgomery AL Realtors, Sandra Nickel Hat Team!

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Who would want to be without one?

Monday, June 1, 2015
by The Hat Team

When the 75 year old man who had been widowed four times was asked why he was getting married again, he said “for the little bit that they eat, I wouldn’t want to be without one.”

house-umbrella.png.jpg

In a torrential rainfall, you wouldn’t want to be without an umbrella. It is also understandable that when purchasing or selling a home, more and more people want an agent involved.

NAR’s Homebuyers and Sellers Profile states the trend in owners trying to sell their home themselves has declined over the past ten years from 14% in 2003 to only 9% in 2014. Similarly, the number of buyers purchasing directly through an owner has decreased from 2001 to 2014 from 15% to 5%.

It is natural to think that a seller wants to get the highest price for their property while the buyer wants to pay the least possible. Negotiations may be the most valuable service provided by an agent because of the clear conflicts of interest such as the price, terms and condition.

Other areas of contention that could affect a party without an agent:

  • The real estate agent who represents the other party
  • The attorney who represents only one party
  • Home and pest inspectors regarding condition
  • The buyer’s lender regarding terms
  • The lender’s appraiser regarding value
  • The title company in an effort to satisfy challenges to clear title
  • Municipal authorities to mitigate code violations

Even when there are two licensed agents involved, there could be a question of representation. This is a discussion that buyers should have with a real estate professional before looking at houses.

Information courtesy of Montgomery AL Realtors Sandra Nickel Hat Team.

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