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Montgomery AL Foreclosure Trends for Sept 2014

Friday, October 31, 2014
by The Hat Team

In September, the number of properties that received a foreclosure filing in Montgomery, AL was 9% lower than the previous month and 8% 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 94.3% of foreclosure activity in September 2014 and Bank-owned properties accounted for 5.728.6%.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties decreased 81.8% compared to the previous month and 88.2% from the previous year in September. The number of Auctions increased 20.0% compared to the previous month and 57.1% from the previous year.

montgomery al foreclosure

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.01% lower than national statistics, 0.02% higher than Alabama numbers and the same as Montgomery County statistics in September 2014.

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 Home for Sale: 8843 Stoneridge Place

Friday, October 24, 2014
by The Hat Team

Montgomery AL Home for Sale:

8843 Stoneridge Place, Montgomery AL 36064
MLS# 312986

Carefree Living!

8843 stoneridge pl
This one owner home has been immaculately maintained and has lots of extras! While many neighboring properties are brick in the front and siding on sides and rear, this one is ALL BRICK. Plus there is a comfy LARGE screened porch which acts as another living space most of the year. Originally a three bedroom floor plan, this owner opted to have the third bedroom converted to a den/TV room (no closet.) Deer Creek affords a lifestyle that includes friendly neighbors, walking trails, tennis, swimming, biking, and is pet friendly! Owners have sense of safety here, and an attached garage affords additional security and convenience. If you are looking for a carefree home to start out in, or looking for a wonderful space to downsize, yet not give up precious amenities, you might want to view this home. BTW, GREAT school zones and roof is only 5 years old!

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

 

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Midtown Montgomery Real Estate Market Report for September 2014

Friday, October 24, 2014
by The Hat Team

Forget a sea view mansion. CnnMoney.com reports in Hong Kong, parking spaces are some of the hottest properties on the market.

Hong Kong is a densely populated city and eager have pushed prices for parking spaces to record highs in recent months with prime spaces now selling for far more than the luxury cars that park in them.

In May, a single space in a residential neighborhood on Hong Kong Island went for 4.24 million Hong Kong dollars ($547,000), making it the most expensive parking space ever sold in the territory.

Knowing what mere parking spaces are selling for in Hong Kong certainly puts our own real estate market into perspective.

Take a look at September’s real estate sales statistics.

September 2014 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for September 2014, show the number of homes sold increased by 19% when compared to September 2013. The average sales price decreased by 30% to $125,516 for the month. The median sales prices decreased by 35% to $100,350, and market times decreased by 54 days.  The highest selling price decreased by 26%, and the lowest selling home price decreased by 68% compared to September 2013.

Midtown Montgomery  September 2014  September 2013
Homes Sold 25 31
Average Selling Price $125,516 $180,690
Median Selling Price $100,350 $153,500
Days On The Market 124 178
Highest Selling Price $400,000 $545,000
Lowest Selling Price $6,500 $20,000

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. Courtesy of Montgomery Realtor Sandra Nickel, Sandra Nickel Hat Team.

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Montgomery AL Home for Sale: 351 Winthrop Court

Monday, October 13, 2014
by The Hat Team

Montgomery AL Home for Sale:

351 Winthrop Court, Montgomery AL 36104
MLS# 312768

Lovely & Updated Garden District Home!


You have to come check out the unique floor plan in this wonderfully updated and added on to Garden District bungalow! Step from the fabulous front porch inside to find a formal dining room with a lovely antique craftsman fireplace and mantle, large foyer leading to the family room/den area, a spacious bright kitchen with a great island/breakfast bar and plenty of cabinets. If you enjoy the outdoors, you will love the back deck and beautifully landscaped back yard.

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

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Montgomery AL Foreclosure Trends for August 2014

Friday, October 3, 2014
by The Hat Team

In August, the number of properties that received a foreclosure filing in Montgomery, AL was 43% higher than the previous month and 22% 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 71.4% of foreclosure activity in August 2014 and Bank-owned properties accounted for 28.6%.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties decreased 4.3% compared to the previous month and 42.1% from the previous year in August. The number of Auctions increased 77.4% compared to the previous month and dropped 9.8% from the previous year.

montgomery al foreclosure

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.01% lower than national statistics, 0.03% higher than Alabama numbers and the same as Montgomery County statistics in August 2014.

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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Ins and Outs Of Buying a Short Sale

Friday, September 26, 2014
by The Hat Team

Buying a property through a short sale can be financially beneficial. But you need to go into the process understanding your market! That means having a knowledgeable realtor and attorney.

short saleA homeowner is “underwater” with their mortgage when they owe more than the value of their home. The term “short sale” comes from the situation where the proceeds from a sale are less than, or “short” of, the amount of debt.

Lenders are motivated to allow a short sale when they perceive it will create more net income than a foreclosure. Sellers are motivated because it puts them in more control of timing, and causes less damage to their credit than foreclosure.

For the buyer, a short sale means a purchase price that is discounted from the normal sale price. However, the market situation with short sales is very specific to your state and your market. Here are some trends across the country…

25% of US homeowners with a mortgage are underwater. That is 10.7 million homes! That percentage is down from 28% in September 2012. It is important to note that 8.3 million of those homes are on the edge of being underwater with a LTV ratio of 90%-110%. The other 2.4 million have an average LTV ratio of 125%.

A primary factor helping that downward trend is a decline in investors’ interest in short sales. A decline in investors buying at discount means prices are moving upward. Increasing prices means increases in value, which means increases in equity for the homeowners.

However, according to RealtyTrac.com it will take years, not months, for the 125% LTV owners to recover enough equity to allow them to sell. That means the short sale opportunities are available for a while.

As a buyer of a short sale, be aware the process takes time. All parties have many more documents to review and approve. Your due diligence will take longer. And the process leading to a closing will take longer.

Make sure you are working with a Realtor and an attorney who have experience with short sales in your market. One way to qualify a Realtor is to know they are trained as a Certified Distressed Property Expert (CDPE). That means they have specific training in streamlining short sales. It is not mandatory, but it is a valuable credential.

At least, make sure your Realtor and attorney have actual experience with short sales. Go into the process with a lot of patience.

Information courtesy of Montgomery AL Realtor Sandra Nickel, Sandra Nickel Hat Team.

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Montgomery AL Home for Sale: 3403 LeBron Road

Tuesday, September 23, 2014
by The Hat Team

Montgomery AL Home for Sale:

3403 LeBron Road, Montgomery AL 36111
MLS# 312392

Style, Quality And Functionality!

3403 lebron road
Style, quality, functionality...that's what you will feel when you enter this Cloverdale gem. Stylish upgrades and meticulous care have been provided by the current owner, meaning that all you have to do is move in! Open floor plan is perfect for entertaining, and there is even a bonus room/den/study/workout space off the kitchen for added functionality. And, out back there is a nice patio area overlooking a great lap pool! Mature shade trees make it bearable in the summer, and oh-so-pleasant in fall and spring. Close to Cloverdale's dining and entertainment districts, and minutes from bustling Downtown!

Marketed by Sandra Nickel, Sandra Nickel Hat Team Realtors.

 

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Midtown Montgomery Real Estate Market Report for August 2014

Friday, September 19, 2014
by The Hat Team

While the number of for sale by owner transactions is on the decline, approximately 9 percent of sellers decide to go it alone and forego outside help from a Realtor®. Typically those that go this route have extenuating circumstances, such as already having a relationship with the buyer (which happened in 40 percent of recent FSBO sales, according to National Association of Realtors® data). However, NAR’s 2013 Profile of Home Buyers and Sellers shows that most sellers benefit from the outside help of a knowledgeable advocate when selling their home. Aside from being experts in the field, Realtors® have the time, know the market and needs of the potential buyers, bring an objective and fresh perspective to the seller, understand the complexity of all of the processes involved, and have the ability to attract qualified buyers.  It’s because of these reasons that sellers using a Realtor® tend to get more for their homes, according to NAR’s report.

Let’s look at how many sellers sold their homes with a Realtor in August.

August 2014 Midtown Montgomery Real Estate Market Update

Midtown Montgomery real estate sales statistics for August 2014, show the number of homes sold decreased by 9% when compared to August 2013. The average sales price increased by 3% to $140,940 for the month. The median sales prices increased by 16% to $107,500, and market times increased by 27 days.  The highest selling price increased by 40%, and the lowest selling home price increased by 14% compared to August 2013.

Midtown Montgomery  August 2014 August 2013
Homes Sold 29 32
Average Selling Price $140,940 $136,497
Median Selling Price $107,500 $92,000
Days On The Market 159 132
Highest Selling Price $830,000 $590,000
Lowest Selling Price $11,000 $9,640

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

Information courtesy of Montgomery Alabama Realtor Sandra Nickel, Sandra Nickel Hat Team.

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Montgomery AL Home for Sale: 2105 College Street

Monday, September 15, 2014
by The Hat Team

Montgomery AL Home for Sale:

2105 College Street, Montgomery AL 36106
MLS# 312198

Best Of Both Worlds!


2105 college street

You will find the best of both worlds in this totally renovated Old Cloverdale home. Traditional living and dining rooms, plus a den/family room adjacent to the breakfast bar/kitchen area. The kitchen boasts granite counters and Travertine back-splash. Nice master bath with garden tub and separate shower. Spacious walled backyard is party perfect, and has a wonderful vintage brick terrace. Convenient to shopping, dining, and entertainment!

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

 

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Montgomery AL Home for Sale: 1860 Llanfair Road

Monday, September 15, 2014
by The Hat Team

Montgomery AL Home for Sale:

1860 Llanfair Road, Montgomery AL 36106
MLS# 312207

Affordable and Move-in Ready!

1860 llanfair road


With 4 bedrooms, living room and den, your family will have plenty of space in this nicely updated home. Tucked away on a quiet street, you will be amazed at how convenient this location is! Children can walk to Vaughn Road elementary school, or Trinity. Convenient to I-85, you can get almost anywhere in town in a jiffy. Large fenced back yard is pet perfect. Affordable and move-in-ready!

Marketed by Montgomery Real Estate Broker Sandra Nickel, Sandra Nickel Hat Team.

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Displaying blog entries 321-330 of 652

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