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Midtown Montgomery Real Estate Market Report for March 2014

Saturday, April 26, 2014
by The Hat Team

The spring buying season looks promising according to BankRate.com. As the weather warms and flowers bloom homes remain affordable and inventories are low, making it a good time to buy.

Here are 5 housing trends you can expect to see this spring:

1. Adjustable rate mortgages are gaining favor.
As rates tick upward, there is a tremendous savings opportunity with an ARM.

2. Homeowners are cashing out with home equity lines.

May homeowners have regained the equity lost in the recession and are taking advantage of new found value in their homes.

3. Mortgage rates will rise...a little!

Mortgage rates will most likely inch up this spring but are not expected to skyrocket. Experts are expecting rates to go higher than 5%.

4. Home prices will increase.

An increase in prices is mostly due to low inventory. Prices are expected to steadily climb through the end of the year.

5. 'Permanent' HAMP rates are expiring.

Homeowners who refinanced with the Home Affordable Modification Program will start to see their rates increase. The 'permanent' rate expires after 5 years.

Interested in buying this spring? Let us help you find the best home and the best financing for you and your family! Contact us today!

Take a look at sales figures in our local real estate market for March 2014.

Midtown Montgomery real estate sales statistics for March 2014, show the number of homes sold increased by 30% when compared to March 2013. The average sales price increased by 28% to $ 130,647 for the month. The median sales prices increased by 27%, and market times increased by 131 days from March 2013.  The highest selling home price decreased by 17%, and the lowest selling home price decreased by 47% from March 2013.

Midtown Montgomery  March 2014 March 2013
Homes Sold 23 33
Average Selling Price $ 130,647 $ 129,500
Median Selling Price $ 129,500 $ 94,000
Days On The Market 255 124
Highest Selling Price $ 237,500 $ 286,900
Lowest Selling Price $ 8,025 $ 15,000

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.

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Midtown Montgomery Real Estate Market Report for February 2014

Friday, March 21, 2014
by The Hat Team

Zillow’s new survey-based index gauging consumer sentiment about housing markets and homeownership indicates that the majority of U.S. consumers feel positive about real estate market.

The Zillow Housing Confidence Index ranges from 0 to 100 with marks above 50 indicating positive sentiment. Households surveyed had a real estate confidence index of 63.7, indicating more people feel positive about real estate than not..

The index includes a “Homeownership Aspiration” component that measures renters’ attitudes and likelihood of pursuing homeownership. Nationwide, renters had an aspiration index of 59.3, indicating that more renters than not aspire to be homeowners.

In addition, 10 percent of current renters nationwide said they plan to purchase a home within the next 12 months.

Zillow estimates that 4.2 million first-time homebuyers would flood the market if all renters purchase a home who indicated that they’d like to in the next 12 months.

Take a look at sales figures in our local real estate market for February 2014.

Midtown Montgomery real estate sales statistics for February 2014, show the number of homes sold increased by 4% when compared to February 2013. The average sales price increased by 9% to $ 132,424 for the month. The median sales prices increased by 30%, and market times increased by 3 days from February 2013.  The highest selling home price decreased by 30%, while the lowest selling home price increased by 50% from February 2013.

Midtown Montgomery  Feb 2014 Feb 2013
Homes Sold 25 24
Average Selling Price $ 132,424 $ 120,403
Median Selling Price $ 118,000 $ 82,656
Days On The Market 136 133
Highest Selling Price $ 487,000 $ 695,000
Lowest Selling Price $ 10,000 $ 5,000

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.

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.

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Montgomery Real Estate: Incredible Renovation!

Thursday, March 6, 2014
by The Hat Team

Montgomery Real Estate: Incredible Renovation!

208 N Lewis St, Montgomery AL 36107
MLS# 307577

208 n lewis st

Incredible old house renovation has been recently performed on this cute 1922 Capitol Heights bungalow. If you want an old home in great condition without all the old house problems look no further. Generous size living and dining rooms for entertaining. Stainless steel appliances less than 3 years old. Eat in kitchen is adjoined by laundry, half bath and great rear deck for cookouts. Large front porch for visiting as neighbors pass by becomes an extension of the homes living space. You can buy this same concept at The Waters which is a wonderful area, but not for less than $77,000. Bring your landscape architect to make it your own oasis. Wired for cable.

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.

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Midtown Montgomery Real Estate Market Trends - December 2013

Friday, December 20, 2013
by The Hat Team

Yes, it’s true…real estate activity slackens during the holidays but here are some things to consider about housing hunting during the holidays…

  • Lower seasonal prices are likely before the anticipated increases in 2014. Many homes on the market during the holidays are being offered because the sellers are being transferred. January is a high workplace transfer month. Transferees are trying to sell their homes during the holidays because they feel they have to.
  • Less competition among buyers is common because many are concentrating on holiday activities. If they don’t have to move for some reason they tend to wait until after the year-end holidays. That means fewer competing offers and less likelihood of bidding wars.
  • Seller anxiety begins to set in during the holidays. That means potentially better deals can be had. Sellers who need to move get more willing to bargain during the holidays because there is less demand from buyers.
  • Less competition from other buyers means you can do your house hunting being a little more relaxed about the potential of losing a house that you really are interested in.

Don't be disappointed like the couple in the video. Contact me today and let's get started!

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

Midtown Montgomery real estate sales statistics for November 2013 show the number of homes sold decreased by 8% when compared to November 2012. The average sales price decreased by 14% to $ 110,475 for the month. The median sales prices increased by 21%, and market times increased by 9 days from November 2012.  The highest selling home price decreased by 56%, and the lowest selling home price increased by 67% from November 2012.

Midtown Montgomery November  2013 November 2012
Homes Sold 22 24
Average Selling Price $ 110,475 $ 129,001
Median Selling Price $ 113,750 $ 89,900
Days On The Market 144 135
Highest Selling Price $ 255,000 $ 575,000
Lowest Selling Price $ 9,110 $ 3,000

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.

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Montgomery AL Homes for Sale: 373 Mitchell Avenue, Montgomery

Friday, December 6, 2013
by The Hat Team

Montgomery Homes for Sale: 373 Mitchell Avenue, Montgomery, AL 36109

MLS #305847

Fantastic 2-bedroom townhouse in desirable Dalraida community!

Looking for something easy to maintain? Check out this fantastic townhouse in desirable Dalraida. Nice and clean with new appliances, new carpet, new blinds and new paint. And, if you have a lot of stuff there's plenty of storage space in the walk-in closets and attached carport. Really, you don't have to do a thing except bring your belongings and move right in.

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.

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Midtown Montgomery Real Estate Market Trends - April 2013

Friday, April 19, 2013
by The Hat Team

The 1968 Fair Housing Act prohibited housing discrimination on the basis of race, color, national origin, religion, sex, familial status, or handicap. Every April, REALTORS® celebrate Fair Housing Month to reaffirm their continuing commitment to fair and equitable treatment and a professional level of service for all in their search for real property.

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

Midtown Montgomery real estate sales statistics for March 2013 show the number of homes sold decreased by 6% when compared to March 2012. The average sales price decreased by 6% to $87,165 for the month. The median sales prices increased by 48%, and market times decreased by 7 days. The highest selling home price decreased by 24%, and the lowest selling home price increased by 27% from March 2012.

Midtown Montgomery March 2013 March 2012
Homes Sold 30 32
Average Selling Price $ 87,165 $ 92,571
Median Selling Price $ 91,500 $ 47,950
Days On The Market 124 131
Highest Selling Price $ 286,900 $ 375,000
Lowest Selling Price $15,000 $11,000

 

Despite these disappointing numbers, we continue to see a real increase in buyer activity and now in pending sales. April’s numbers should look much better!

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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Preparing For a Spring Sale Of Your Montgomery AL Home -- Part 1

Saturday, March 30, 2013
by The Hat Team

As 2013 emerges with positive signs for the real estate industry, homeowners who have been sitting on the sidelines may finally be ready to put their homes on the market.  If you are one of those preparing your sold signMontgomery AL home for sale, there are some tried and true tips to help you gain the most from your efforts. In fact, some of the most important fix-up projects a homeowner can perform may be accomplished with little more than elbow-grease, and they can definitely help to speed up the sale of your property.

A thorough cleaning, a fresh coat of a neutral colored paint, simple staging, and attentive grooming of your yard are the basics of prepping for a successful sale.  First impressions are important, and a neat, clean, and roomy look certainly appeals to potential buyers of your Montgomery AL home.

First steps:

  • Cleaning: When you clean, pay attention to small details. Wash windows, dust blinds, launder curtains, dust/scrub baseboards, scour appliances, and straighten up the contents of your closets.  Clean all door knobs, phones, entertainment equipment (remote controls), switch plates, banisters, and other things that are repeatedly touched. Click here for an organized check list and schedule.
     
  • De-Odorizing: (especially if you have pets).  Vacuum and wash potentially smelly surfaces (don’t forget dog beds and littler boxes!), steam clean your carpets, and rid your home of pet hair as much as possible. Also, be wary of using scented candles or oils to mask unpleasant smells as some people may be bothered by synthetic fragrances. Gizmodo.com offers sage advice for naturally eliminating unwelcome household odors.
     
  • De-cluttering: Get rid of piles of magazines and stacks of mail.  Too many books for the bookcase?  Pack them up and store them.  Organize kitchen and bathroom drawers. Use attractive storage bins to keep things out of sight but still easily accessible.  Remove large or bulky furniture and decorative accessories to  allow for ample walk-through room.  For more on effective use of space, click here.
     
  • De-personalizing: As important as they may be to you, knick-knacks, personal photos, and keepsakes add to an overall cluttered feeling that can make your Montgomery AL home appear smaller and more difficult for potential buyers to envision as their own. Personal collections, be they butterflies, trophies, or decorative masks, need to be kept out of sight until you move.

Next?  Interior and exterior staging.  Coming soon.

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.

 

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Montgomery AL Homes For Sale: 3417 Wellington Rd

Friday, March 22, 2013
by The Hat Team

Montgomery AL Homes For Sale:

3417 Wellington Rd, Montgomery AL 36106
MLS# 299789

Cute, Clean and Ready To Move In!

3417 wellington rd


Cute, clean and move in ready to move in! Cloverdale/ Idlewild neighborhood. Beautiful hard wood floors, no carpet at all. Lots of living space with a formal living room, den/family room, sun porch and the biggest screened in back porch that you'll find in the neighborhood. Check this one out soon so you can be in walking distance of the concerts in the park!

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.

 

 

 

 

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Midtown Montgomery Market Trends - Dec 2012

Friday, December 21, 2012
by The Hat Team

With the gift-giving season in full swing, some parents are considering a sizable and meaningful present for their children and/or grandchildren - real estate. This is the sign of a solid trend, with a growing number of parents are currently helping their children purchase homes, whether they’re buying these homes for their sons and daughters outright, helping them pay for closing costs, or coming up with the money for their down payments.

While such a gift is certainly in keeping with the spirit of the season, those who are giving or those relying on monetary donations from their parents or family members to buy real estate should follow some fairly simple underwriting and IRS rules.

  • You can gift a total of $13,000 a person without being taxed on that money.
  • The person giving the gift must file a form 709 (gift tax return) for any gifts over $13,000 per year per recipient.
  • Buyers applying for a conventional mortgage loan must use their own funds for at least 5 percent of their down payment.
  • When buyers are providing a down payment of at least 20 percent of their home’s purchase price, they can rely on gift funds for the entire down payment.
  • Mortgage lenders will need to see documentation showing the origin of gifted funds.
  • A gift of real property is accomplished through a deed. A warranty or grant deed is normally used, but in some cases a quitclaim deed may be appropriate. You will identify the property being transferred and sign, notarize, and register the deed as clear evidence that the property has been given to your children.

As with all major financial decisions, you would be wise to consult your accountant and/or tax attorney before gifting monetary assistance for the purchase of real estate or the property itself.

Take a look at sales figures in our local real estate market for November. Unfortunately, Midtown Montgomery has yet to "jump on the upswing bandwagon." Our numbers continue to disappoint.

Midtown Montgomery real estate sales statistics for November show the number of homes sold decreased by 90% when compared to November 2011. The average sales price increased by 23% to $156,890 during the same period. The median sales prices increased by 14%, and market times increased by 19% or 31 days. The highest selling home price decreased by 27%, and the lowest selling home price was the same.

Midtown Montgomery Nov 2012 Nov 2011
Homes Sold 37 366
Average Selling Price $ 156,890 $ 117,500
Median Selling Price $ 117,500 $ 101,250
Days On The Market 163 132
Highest Selling Price $ 575,000 $ 785,000
Lowest Selling Price $ 3,000 $3,000


The good news is that the level of buyer activity in the Midtown Montgomery market is up substantially, which may mean and upturn ahead.

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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Montgomery Real Estate For Sale: 2802 S Colonial Drive Montgomery, AL 36111

Tuesday, December 11, 2012
by The Hat Team

Montgomery Real Estate For Sale

2802 S Colonial Drive Montgomery, AL 36111

Incredible mid-century modern featuring many of the periods quintessential details such as roman brick, hard tile floors, real wood paneling, built-ins colorful period tile baths, patio with bar-b-que pit, flagstone entry floor and sliding glass doors. The roof has a sleek modern low pitch with eaves wide enough to leave your windows open even during a heavy rain storm. Recent roof and HVAC will add to the value of this already well maintained vintage 1950's custom built home. Attached oversized garage will hold your car and lots more! Huge corner lot feels like a small estate. Enjoy the rear patio off den with built in grill and fully fenced yard for your children and animals. If a third bedroom is a must there is plenty of sq. ft. where one could be added without too much effort. May well be the most original contemporary home available in Montgomery at present!! Owners have restored the original metal kitchen cabinets and painted the entire home in correct period pallet. Give us or your favorite Realtor a call today! 

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the 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.

 

 

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