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Montgomery AL Foreclosure Trends - January 2013

Friday, March 1, 2013
by The Hat Team

There were 780 Montgomery AL foreclosure homes for sale with 1 in every 1,259 housing units receiving a foreclosure filing in January 2013. The average selling price of a Montgomery AL home was $104,490 and the average foreclosure selling price was $65,632, a $38,858 savings according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.41% in January while the number of foreclosed homes dropped from 88 to 75.

montgomery al foreclosure

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.03% lower than national statistics, 0.01% higher than Alabama and and 0.01% higher than Montgomery County statistics in January 2013.


montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties decreased from 69 homes in December to 66 in January. The number of Auctions dropped from 19 to 1 and there is a 6-month rising trend.

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!

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 - January 2013

Friday, February 22, 2013
by The Hat Team

If you are wondering what home improvement projects will give you the best return on the sale of your home, think “curb appeal.”

When buyers are shopping for a home, the exterior can make (or break) the first impression. According to the 2013 Cost vs. Value Report, exterior replacement projects are among the most valuable home improvements that sellers can currently invest in, starting with the front door.

A steel entry door topped this year’s survey with an estimated 85.6 percent of the costs recouped at resale. The steel door replacement is also the least expensive of the 35 midrange and upscale remodeling projects included in the survey, costing $1,137 on average.

This is the 15th year for the Cost vs. Value Report. This year’s survey included more than 3,900 appraisers, sales agents, and brokers across the country who provided their opinions and estimates.

Exterior projects dominated the list with six of the top 10 most cost-effective midrange projects and eight of the top 10 upscale projects.

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

Midtown Montgomery real estate sales statistics for January 2013 show the number of homes sold decreased by 31% when compared to January 2012. The average sales price decreased by 42% to $79,911 for the month. The median sales prices decreased by 51%, and market times decreased by 18 day. The highest selling home price decreased by 53%, and the lowest selling home price was the same as January 2012.
 

Midtown Montgomery January 2013 January 2012
Homes Sold 22 32
Average Selling Price $ 79,911 $ 137,622
Median Selling Price $ 61,050 $ 125,200
Days On The Market 133 151
Highest Selling Price $ 369,000 $ 785,000
Lowest Selling Price $9,000 $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.

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Montgomery AL Foreclosure Trends - Dec 2012

Friday, February 8, 2013
by The Hat Team

There were 810 Montgomery AL foreclosure homes for sale with 1 in every 1,024 housing units receiving a foreclosure filing in December 2012. The average selling price of a Montgomery AL home was $166,547 and the average foreclosure selling price was $65,632, a $100,915 savings according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.35% in December while the number of foreclosed homes dropped from 122 to 88.

montgomery al foreclosure

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.03% lower than national statistics, 0.01% higher than Alabama and and the same as Montgomery County statistics in December 2012.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties stayed the same at 69 homes in December. The number of Auctions dropped from 53 to 19 and there is a 6-month rising trend.

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!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

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Montgomery Al Real Estate For Sale: 1505 Fairview Avenue #B Montgomery, AL 36106

Thursday, January 31, 2013
by The Hat Team

Montgomery Al Real Estate For Sale

1505 Fairview Avenue #B Montgomery, AL 36106

Talk about location! This Old Cloverdale condo is right across the street from Huntingdon and in walking distance to restaurants, bars and entertainment. If you are looking for something easy to maintain or to lock and leave, look no further. These condos don't come on the market often so check it out.

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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Montgomery Real Estate For Sale:1725 S Court Street Montgomery, Al 36104

Tuesday, January 29, 2013
by The Hat Team

Montgomery Real Estate For Sale

1725 S Court Street Montgomery, Al 36104

Wanted---homebuyer who appreciates classic design, unique spaces, and value! This historic Garden District bungalow is waiting for just the right person to love and enjoy it as much as its previous occupants. With classic characteristics like entry foyer, spacious living room with built-ins, and formal dining room with antique corner china cabinets, the next owner will have no problem living, relaxing, and entertaining in high style. Fun/funky kitchen will delight most cooks, and split design with master bedroom on the main level and guest bedrooms upstairs affords privacy. Don't miss the bonus: a groovy den/recreation room in the finished basement complete with fireplace, custom walls, and cool recessed ceiling. And, for those who enjoy the outdoors, the rear screened porch and brick patio surrounded by tall privacy fence are sure to please. Convenient to downtown and all that Cloverdale has to offer!

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.

 

 

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Midtown Montgomery Real Estate Market Trends for 2012

Thursday, January 24, 2013
by The Hat Team

On January 1 both the Senate and House passed H.R. 8 legislation to avert the “fiscal cliff” and the bill was signed into law by President Barack Obama the next day.

Below is a summary of real estate related provisions in the bill:

  • Mortgage Cancellation Relief is extended for one year to Jan. 1, 2014.
  • Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012.
  • 15-year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012.
  • 10 percent tax credit (up to $500) for homeowners for energy improvements to existing homes is extended through 2013 and made retroactive to cover 2012.
  • Capital gains and dividends for individuals and families earning below $400,000 and $450,000, respectively, will remain at 15 percent. For those above those thresholds, the dividend tax rate will increase to 20 percent.
  • The first $5 million dollars in individual estates and $10 million for family estates are now exempted from the estate tax. After that the rate will be 40 percent, up from 35 percent.

Take a look at sales figures in our local real estate market for 2012.

Midtown Montgomery real estate sales statistics for 2012 show the number of homes sold increased by 12% when compared to 2011. The average sales price decreased by 5% to $123,573 for the year. The median sales prices decreased by 6%, and market times increased by 1 day. The highest selling home price increased by 17%, and the lowest selling home price was 100% higher in 2012 than 2011.

But don't despair! I just finished a study of the market in its entirety, and it clearly shows that the Montgomery MSA bottomed out sometime in 2012 but has already come back. The median selling price 12/31/2011 was $125,000 and 12/31/2012 was $126,000. That's the first increase in median selling price since 2007.

Midtown Montgomery 2012 2011
Homes Sold 329 291
Average Selling Price $ 123,573 $ 126,610
Median Selling Price $ 104,000 $ 110,000
Days On The Market 132 131
Highest Selling Price $ 785,000 $ 649,000
Lowest Selling Price $ 3,000 $1


The good news is that the level of buyer activity in the Midtown Montgomery market is up substantially, which may mean an 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:2026 Ridge Avenue Montgomery, AL 36106

Thursday, January 24, 2013
by The Hat Team

Montgomery Real Estate For Sale

2026 Ridge Avenue Montgomery, AL 36106

Built in the roaring twenties this hansom cottage constructed of oversized brick is tucked away behind two cottages and surrounded by some of the largest estate homes Cloverdale has to offer. Someone once said buying the smallest, least expensive home on a street of larger more expensive homes is a good idea. This sure meets both criteria. The owner is selling it AS-IS and has priced it accordingly. This is one of if not the least expensive homes in Old Cloverdale! Amenities include a large beautiful fenced backyard, double garage, and workshop. The home also features hardwood floors, small period kitchen with original cabinetry, added laundry room with sink, and a large den addition. Bring your favorite contractor/architect for a consult as this old house is down but far from out. "Property to be sold as is." 

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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Montgomery Real Estate For Sale: 3115 Lexington Road Montgomery, AL 36106

Monday, January 21, 2013
by The Hat Team

Montgomery Real Estate For Sale

3115 Lexington Road Montgomery, AL 36106

This classic home sits on a quiet street as is waiting for a new owner. Covered front porch invites you in to large living room with fireplace and built-in bookshelves. Moorish style archway leads you into formal dining room, which is adjacent to the oversized eat-in kitchen with LOTS of counter and cabinet space. Bedroom three is a "swing" room off the kitchen and has previously been used as a den/study. Out back is a deck for relaxing, a fenced and well-manicured yard, and a detached 1 car garage best suited for workshop/storage. Current owner has already done all of the expensive upgrades like new roof, new water heater, and fresh exterior paint...now this home is ready for YOUR personal decorating touches . You can find all this in historic Cloverdale/Idlewild, one of Midtown's favorite neighborhoods, at a price that is RIGHT!

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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Montgomery AL Foreclosure Trends - November 2012

Friday, January 11, 2013
by The Hat Team

There were 802 Montgomery AL foreclosure homes for sale with 1 in every 775 housing units receiving a foreclosure filing in November 2012. The average selling price of a Montgomery AL home was $102,112 and the average foreclosure selling price was $92,251, a $9,861 savings according to RealtyTrac.com.

Montgomery AL Foreclosure Activity and 30 Year Interest Rate

Montgomery interest rates averaged 3.35% in November while the number of foreclosed homes climbed from 104 to 122.

montgomery al foreclosure

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Montgomery AL Foreclosure Geographical Comparison

Montgomery AL foreclosure activity was 0.01% lower than national statistics, 0.03% higher than Alabama and 0.01% higher than Montgomery County statistics in November 2012.

montgomery al foreclosure

Montgomery AL Foreclosure Activity by Month

The number of Bank-Owned properties increased from 52 homes in October to 69 in November. The number of Auctions rose from 52 to 53 and there is a 6-month rising trend.

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!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

Add Comment

Montgomery Real Estate For Sale:441 S Highland Court Montgomery, AL 36104

Thursday, January 3, 2013
by The Hat Team

Montgomery Real Estate For Sale

441 S Highland Court Montgomery, AL 36104

Potential abounds in this late Victorian 2-story that once was a beauty (photos shot in 2004 when owner occupied) and can be again! Good bones and needs plaster repair and fresh paint AFTER new owner installs badly needed new roof. Great dead-end location keeps gremlins away and adjacency to church parking lot allows for entertaining in the style which a renovated like this home will provide you. Perfect candidate for an FHA 203k renovation loan--call your agent or favorite lender for details.

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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